U.S. GAAP: Liabilities and Leases

Financial accounting & reporting

Course

U.S. GAAP: Liabilities and Leases

Instructor: Kelen Camehl, CPA, MBA

  • Format

    Course - Online

  • Duration

    1.5 hours

In this course you will learn about liabilities, such as commitments, contingencies, guarantees, and debt. Also, the course reviews U.S. GAAP accounting for leases under both the currently-effective standard and the new standard.

Learning outcomes

  • Differentiate between deferred liabilities and contingent liabilities
  • Identify the requirements of recording a contingent liability
  • Recall the differences between operating and capital leases
  • Recognise what is meant by a short-term lease
  • Identify the transition method and effective date of the new lease accounting standards

£39.00 (CIMA members only)

£49.00

VAT calculated on checkout

Product information

Overview

In this course you will learn about liabilities, such as commitments, contingencies, guarantees, and debt. Also, the course reviews U.S. GAAP accounting for leases under both guidance currently effective as well as the pending lease standard that will be effective in a few years.

This course is included in the U.S. GAAP Fundamentals for Finance Professionals Certificate.

Topics discussed:

  • Liabilities: commitments, contingencies, guarantees, and debt
  • Leases
  • Pending lease standard

Who should take this course?

  • Accounting and finance professionals who work for enterprises required to comply with U.S. GAAP or are interested in understanding U.S. accounting fundamentals.

Professional development

All learning resources available in the CGMA Store qualify for CPD for CIMA members.

Duration:1.5 hours
Format:Course - Online
Access:This is a digital product. You will have access to the content for a year after purchase date.

Return and refund policy

£39.00 (CIMA members only)

£49.00

VAT calculated on checkout

Instructor

  • Kelen Camehl, CPA, MBA