Webinar: Accounting and Reporting Long-Term Debt
WB1158 | Course | Basic | Scheduled
Description
Debt is typically a critical component of the financial statements, impacting the economic decisions of financial statement users. This course will address common issues that may impact the proper presentation and disclosure of debt, including debt covenant compliance and other issues that impact classification of the liability between current vs. noncurrent.
Credits
| Number of Credits | Type of Credits |
|---|---|
| 2.00 | Accounting |
Designed For
Anyonne responsible for preparing or attesting upon financial statements
Prerequisites
None
Highlights
- Debt terms that impact classification of debt, such as due on demand and subjective acceleration clauses, and more!
- Proper treatment of short-term obligations that are expected to refinance within the next 12 months
- "Revolving" credit agreements, where short-term debt is automatically replaced with other short-term debt for a specified period of time
- Differentiating between debt modifications and troubled debt restructuring
- Debt covenant compliance special considerations, including the proper form of waiver of rights to call the debt for violation
Objectives
- Describe the importance of proper debt classification and disclosure
- Explain how various common debt terms impact the classification of debt
- Apply illustrative examples to appropriate disclosure of debt terms and circumstances
Preparation
None
Notes
This webcast is provided by ACPEN. After registering for the course, you will receive an email from ACPEN with instructions for logging in to the webcast and obtaining your eMaterials.
Prices
- Member (Early Bird)
- $79.00
- Non-Member (Early Bird)
- $109.00
- Member
- $79.00
- Non-Member
- $109.00