Classification and Accounting for Debt and Equity live CPE Webinar

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Classification and Accounting for Debt and Equity

Learning Objectives

To describe the key measurement issues addressed by the financial statements and explain how the current classification is used.
To define the concept of contingent liability and explain how contingencies are accounted for.
To define what a bond is and explain how bond issuances are accounted for using the effective interest method.
To determine how the effective interest method is used to account for bond investments and describe how management’s intention determines how changes in bond market values are accounted for.
To describe the difference between short-term and long-term (financing and operating) leases and how both kinds of leases are reflected on the financial statements of the lessee.
To summarize the shareholders’ equity section of the balance sheet and describe the transactions leading to each line item within that section

Course Description

The classification and accounting for debt and equity instruments can be complicated due in part to the complexity inherent in certain instruments, the sheer volume of transaction documents that may need to be considered in performing the accounting analysis, and the myriad of accounting guidance that may be relevant.

In many cases, an accounting outcome can be significantly affected by the existence or absence of one sentence in the relevant documents. Consideration needs to be given to not only the appropriate balance sheet classification of instruments, such as preferred stock and warrants, which may have both debt and equity characteristics but also the subsequent measurement.

Additionally, instruments such as debt and preferred stock oftentimes have embedded features that may need to be given separate accounting recognition. The accounting analysis is further complicated if multiple instruments are issued as part of the same transaction as that typically necessitates an allocation of proceeds to the various instruments or features.

This CPE webinar begins by discussing the concept of classification and its essential role in financial statements. It then moves into coverage of the company’s two primary forms of financing: debt and equity. The financial statements and the footnotes of the companies featured in this CPE course include General Motors, Volkswagen (an IFRS user), Amazon, Home Depot, and Panera.

Major topics covered in this online CPE Accounting webinar:

Key measurement issues and the current classification
Introduction to liabilities and contingencies
Accounting for bond issuances
Bond investments
Accounting for leases (lessees)
Shareholders’ equity

Webinar Qualifies For

3.5 CPE Credit of Accounting for Certified Public Accountants (CPA-US)
3.5 General Credit of Accounting for Accountant/Bookkeeper/Tax Professionals
3.5 CPE Credit of Financial Accounting for Certified Internal Auditors (CIA)
3.5 CPE Credit of Accounting for Certified Fraud Examiner (CFE)
3.5 CPE Credit of Financial Reporting for Certified Management Accountants (CMA)
3.5 CPE Credit of Financial accounting for Certified Valuation Analyst (CVA)
3.5 CPD Credit of Financial Reporting for Accredited in Business Valuation (ABV)
3.5 CPD Credit of Financial Reporting for Certified Financial Forensics (CFF)
3.5 PL Credit of Accounting for Chartered Financial Analyst (CFA)
3.5 CPE Credit of Accounting for Certified Government Financial Manager (CGFM)
3.5 CPE Credit of Accounting for Internal Audit Practitioner (IAP)
3.5 CPE Credit of Financial accounting for Certified Business Appraiser (CBA)/Master Certified Business Appraiser (MCBA)
3.5 CE Credit of Financial accounting concepts for Certified FP&A Professional (FP&A)
3.5 CPE Credit of Accounting for Qualification in Internal Audit Leadership (QIAL)
3.5 PL Credit of Accounting for CIPM

About Instructor

Lambers, Inc.

, Lambers, Inc.

Lambers Financial is a leader in providing E-learning courses for accounting professionals looking to achieve the industry's most recognized designations such as the Certified Public Accountant (CPA) and Enrolled Agent (EA). Accounting and finance professionals around the world incorporate Lambers products into their training programs.

Lambers CPA Review was started by Vincent W. Lambers in July of 1966 in Boston, MA. The first class had six students and from that point, the program grew to be the largest live instruction CPA Review program in New England. The Lambers teaching method of illustrations, examples and working problems has helped over 250,000 candidates pass the CPA Exam since that first class in 1966.

Today, Lambers review courses deliver that same successful teaching style to exam candidates via online video, unique adaptive testing software, and textbooks. Over the last two decades, we've expanded our offerings to include the Enrolled Agent (EA), an extensive library of both IRS approved continuing education (CE) courses (including the IRS Federal Tax Refresher (AFTR) course for registered tax professionals), and NASBA approved continuing professional education (CPE).

See why Lambers Financial has remained a leader in professional education for over fifty years! Visit our website today to check out our full line of review courses and titles.

Additional Information

Duration

3.5 Hours

Course Level

Basic

Instructional Method

Group Internet Based

Pre-requisites

None

Advance Preparation

None

FAQ’s

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NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

Ratings and Review

4.4

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Terrible

Denise Denise@harvestinterests.com, CPA (US)

This was well presented and the slides were very easy to understand.

Jaclyn English, CFE, CPA (US)

Very informative course.

Leo Philip, CMA

Great presentation

Henry Staaterman, CPA (US)

Charles Olivier, CPA (US)

There were issues with the webinar process, specifically with the polling questions not coming up timely.

3.5 Credits

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Subject Area

Accounting

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Classification and Accounting for Debt and Equity

Course Details

Learning Objectives

Course Description

Qualifies for

Webinar Qualifies For

Presenter Details

About Instructor

Lambers, Inc.

Other Details

Additional Information

3.5 Hours

Basic

Group Internet Based

None

None

FAQ’s

NASBA APPROVED

Ratings and Review

4.4

Denise Denise@harvestinterests.com, CPA (US)

Jaclyn English, CFE, CPA (US)

Leo Philip, CMA

Henry Staaterman, CPA (US)

Charles Olivier, CPA (US)

Subject Area

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