Accounting and Reporting Long-Term Debt 2 Credits
Case Studies in Issues Impacting Classification, Disclosure, and Debt Covenant Compliance
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Oct 09, 10:00 AM
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Explore the intricate world of accounting for debt with our comprehensive online webinar. Delve into the complexities of long-term debt through detailed case studies that illuminate critical issues affecting classification, disclosure, and debt covenant compliance. Led by Jennifer Louis, this course aims to fortify your understanding of debt's classification importance, the impact of various debt terms, and the necessary responses to debt covenant violations.
Throughout this CPE Accounting course, we'll navigate through an array of debt structures, from lines of credit to short-term and secured debts. Learn how lines of credit function as pre-negotiated borrowing arrangements and grasp the nuances of short-term debts, including trade notes payable and nontrade notes payable. Unpack the intricacies of secured debts like mortgages and secured loans, understanding their impact on financial statements and reporting.
Special debt considerations such as debt issuance costs, imputing interest on noninterest-bearing notes, and identifying pledged assets will be unveiled, offering a deeper comprehension of their accounting treatment. Dive into troubled debt restructuring scenarios, distinguishing between troubled debt restructuring and non-troubled debt modifications, while deciphering the accounting nuances associated with each.
The webinar concludes with a comprehensive breakdown of long-term debt details from annual interest rates to principal payments. Explore the implications of current and noncurrent maturities of long-term debt, unraveling the intricacies of financial obligations and their impact on financial statements. Elevate your expertise and broaden your accounting horizons with this illuminating journey through the maze of accounting for debt.
Major Topics Covered:
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Pre-requisites
Advance Preparation
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Jennifer F. Louis, CPA has over 25 years of experience in designing and instructing high-quality training programs in a wide variety of technical and “soft skills” topics needed for professional and organization success. In 2003, she founded Emergent Solutions Group, LLC, where she focuses her energy on designing and delivering high-quality, practical, and engaging accounting and auditing training. She was most recently Director of Audit Product Development at Surgent Professional Education, and prior to that served as Executive Vice President/Director of Training Services at AuditWatch, Inc., a highly-respected training and audit process consulting firm. Before joining AuditWatch, Jennifer was the Financial/Operational Audit Manager at AARP. At the start of her professional career, Jennifer was an Audit Manager for Deloitte & Touche LLP, where she frequently served as a local and national instructor. Jennifer graduated summa cum laude from Marymount University with a BBA-Accounting. Besides loving life on the lake with her husband in Charlotte, NC, she enjoys hiking with her little dog Frodo Beggins, and savoring any precious moments spent with her two young adult boys.
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To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.
After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.
We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.
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