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CURRENT ASSETS AND ASSET VALUATION
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EQUITY INVESTMENTS AND LONG-LIVED ASSETS
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INTRODUCTION TO FINANCIAL STATEMENTS AND THE ENVIRONMENT OF FINANCIAL REPORTING
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EARNINGS MANAGEMENT
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PREPARING FINANCIAL STATEMENTS
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KEY SEC REGULATIONS ACCOUNTANTS SHOULD KNOW ABOUT
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FORENSIC ACCOUNTING: 5 STEPS TO SUCCESSFUL PERFORMANCE
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SEC CLIMATE-RELATED DISCLOSURES: WHAT YOU NEED TO KNOW
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FINANCIAL REPORTING AND ANALYSIS - 10 COURSE SERIES.
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REAL ESTATE ACCOUNTING: A PRACTITIONER'S GUIDE
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MONEY LAUNDERING
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SEC FORM 8-K: WHEN TO FILE AND WHAT TO DISCLOSE
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LEASE ACCOUNTING FUNDAMENTALS
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DISCLOSURE REQUIREMENTS FOR SEC FORM 8-K
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ACCOUNTING FOR SOFTWARE – INTERNAL USE AND EXTERNAL SALES
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LESSEE ACCOUNTING: IDENTIFICATION, CLASSIFICATION & RECOGNITION
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DISCLOSURE REQUIREMENTS: REV REC, LEASES, BUSINESS COMBINATIONS, CECL & SEGMENTS
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REVENUE RECOGNITION: HOW TO IDENTIFY PERFORMANCE OBLIGATIONS
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LEASE ACCOUNTING AND REPORTING - WHAT YOU NEED TO KNOW
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ACCOUNTING FOR BUSINESS COMBINATIONS
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OPTIMAL ACCOUNTING FOR PAYABLES
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WHAT YOU NEED TO KNOW ABOUT CASH FLOW
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OVERVIEW OF THE STATEMENT OF CASH FLOWS
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PRINCIPLES OF FINANCIAL STATEMENT PRESENTATION
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ACCOUNTING FOR HELD FOR SALE ASSETS
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DETAILED OVERVIEW OF THE HELD FOR SALE CLASSIFICATION CRITERIA
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SUPPLIER FINANCE PROGRAMS – WHAT YOU NEED TO DISCLOSE
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SEC PAY VERSUS PERFORMANCE DISCLOSURES – WHAT YOU NEED TO KNOW
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OPTIMIZE CASH FLOW THROUGH RECEIVABLES FACTORING
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KNOW THE DIFFERENCES BETWEEN AN ASSET ACQUISITION VS. BUSINESS COMBINATION
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GOODWILL IMPAIRMENT BASICS
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Self study cpe
Classification and Accounting for Debt and Equity

CLASSIFICATION AND ACCOUNTING FOR DEBT AND EQUITY

CPE Processing Fee$135.00
Webinar TranscriptionN/A
Presentation Length Hour(s)4.5 hours
CPE Credits 4.5 hours
Subject Area 4.5 - Accounting
CE Credits 0.0 hours
Course LevelBasic
Instructional MethodQAS Self-Study
PrerequisitesNone
Advance PreparationNone
Recorded DateJuly 2, 2021
Date OfferedAugust 5, 2024
Expiration DateAugust 5, 2025
Course Description

This is the fifth course in the 8-course series on Financial Reporting and Analysis.  It begins by discussing the concept of classification and its important role in financial statements, and 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 course include General Motors, Volkswagen (an IFRS user), Amazon, Home Depot, and Panera.

Learning Objectives:


  • Describe the key measurement issues addressed by the financial statements and explain how the current classification is used

  • Define the concept of a contingent liability and explain how contingencies are accounted for.

  • Define what a bond is and explain how bond issuances are accounted for using the effective interest method

  • Explain 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

  • 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.

  • Summarize the shareholders’ equity section of the balance sheet and describe the transactions leading to each line item within that section

Self-Study Course Instructions:

FOR DOCUMENT-BASED COURSES

Download the course document(s) (below) and follow prompts contained in the document.



FOR RECORDED COURSES WITH VIDEO

Download any course document(s) (below) which may include handouts, glossary, transcripts, etc. Follow any prompts contained in the documents to help you complete the course. Most documents are searchable.

Play the recording, noting the sectional guides indicating where topics on the agenda are covered and the prompts to pause video playback to respond to a review question (located below the video playback area). The timestamps for review questions are also noted below.

Upon completing the video and successfully answering all review questions, you will then take the final exam.

Prattedu classificationandaccountingfordebtandequity
Additional Materials
Agenda
Webinar Technical FAQs
Review Questions
Review Questions
QUESTION 1: 15:53 minutes
QUESTION 2: 1:55:10 minutes
QUESTION 3: 2:26:00 minutes
QUESTION 4: 2:26:00 minutes
QUESTION 5: 15:53 minutes
QUESTION 6: 46:05 minutes
QUESTION 7: 46:05 minutes
QUESTION 8: 1:07:50 minutes
QUESTION 9: 1:07:50 minutes
QUESTION 10: 1:32:04 minutes
QUESTION 11: 1:32:04 minutes
QUESTION 12: 1:55:10 minutes
Frequently Asked Questions
  • CPAacademy self-study courses are online.
  • The self-study format allows you to a) access the material online 24/7 and b) study at your own pace.
  • Per NASBA guidelines, you have one year from date of purchase to complete each program.
  • Complete your final exam at any time and get graded instantly. You can retake the exam at no additional charge (unlimited attempts).
  • Print your own certificate of completion on the spot upon passing the exam.
  • Grading policies: a) courses have a minimum passing score 70% b) test takers will not be provided feedback on failed exams.
  • Upon achieving a passing score, test takers will be notified of the correct answers to the questions missed.

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Jamie Pratt held the Alva L. Prickett Chair of Accounting at the Kelley School of Business at Indiana University in Bloomington, Indiana, for 10 years and in now holds the title of Emeritus faculty.  He received his doctorate in business from Indiana University in 1977, and has held faculty positions at the University of Washington (Seattle), the University of Zurich (Switzerland), Northwestern University and INSEAD (Fontainebleau, France), returning to Indiana in 1991.

Jamie’s research interests are in financial reporting and analysis, where he has published over 30 articles in the top academic research journals (including The Accounting Review, Journal of Accounting Research, Contemporary Accounting Research, Accounting, Organizations and Society, and Issues in Accounting Education), and he has taught courses in financial reporting and analysis at every level (introductory, intermediate, advanced) in every program (undergraduate, MBA, PhD).  He has received over 30 teaching awards and recognitions, and also taught executive education courses throughout the world.  Research and/or teaching recognitions have also come from the following organizations: American Accounting Association, American Taxation Association, Big 4 accounting firms (KPMG and PriceWaterhouseCoopers), Indiana Society of CPAs, the Universities of Manchester (England), Kwansei Gakuin (Japan) and Kentucky, and Business Week magazine.  His resume also includes two textbooks (one in its 11th edition), two computer-based interactive case platforms, a financial analysis case book, and several instructor guides that support these products. 

He is now CEO of PRATTedu (www.prattedu.com), which produces and delivers online video-based courses, primarily in the area of financial reporting and analysis.
 

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CPAacademy.org (Sponsor Id#: 111889) 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.

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About Our Presenter

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PRATTedu is an accounting CPE credit provider that offers video-based financial accounting courses that anyone can use to gain knowledge of financial statements and financial analysis.