Course Information

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Balance Sheet Classification: GAAP Level A (Second Edition)
Author: Jan R. Williams and Joseph V. Carcello

Description:
Courses in the GAAP Level A series analyze authoritative GAAP literature contained in level A of the GAAP hierarchy, established by Statement of Auditing Standards No. 69. Pronouncements in this level include FASB Statements and Interpretations, as well as APB Opinions and Accounting Research Bulletins.

This course will review some of the authoritative literature impacting balance sheet classification.

Topics covered include:

  • basic definitions
  • receivables
  • cash surrender value of life insurance
  • liability classification issues
  • compensated absences
  • offsetting assets and liabilities
  • offsetting in repurchase and reverse repurchase agreements
  • liabilities and equity
  • disclosure standards

Course Details:
Price:  $24.00
Field of Study:  Accounting
Prerequisites:  Basic knowledge of accounting and financial reporting
Level:  Intermediate
Advanced Preparation:  None
Course was last updated on:  05/02/07
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Library:
Learning Center Core

Technical Requirements:
To view and print downloadable content files available in this program, you will need Adobe Acrobat Reader. You can download the free Reader plugin at Adobe's website by clicking on the icon below, then following the instructions for installation on your computer.
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Credit Available For: Units
CPE 2.0 CPE
QAS 2.0 CPE
Enrolled Agent (Accepted by the IRS) 2.0 CPE
Law (Accepted by the State Bar of California) 2.0 CPE

Note: Recommended CPE credit is based on a 50-minute hour. Participants earning credits for states that require self-study to be based on a 100-minute hour will receive half the recommended CPE credits for successful completion of this course.

Since Continuing Professional Education requirements vary from state to state and are subject to change without notice, please contact your state board of accountancy for information on your CPE requirements and the applicability of this course to meet those specifications.

User Reviews
Reviewer: Robert U. submitted on 08/07/2009
Examples provided and current FASB rules
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