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Accounting Analysis II: Measurement and Disclosure of Liabilities
  • Level Professional
  • Duration 33 hours
  • Course by University of Illinois Urbana-Champaign
  • Offered by

About

This course focuses on the recognition, measurement and subsequent accounting for various types of liabilities. The content includes: - Current liabilities and contingencies, such as accounts payable, accrued expenses, warranties, and pending litigation - Accounting for long-term debt, including the issuance, payment of interest, amortization, and extinguishment of debt instruments. - Lease accounting from the perspective of both the lessee and the lessor - Pension accounting, including the calculation of benefit obligations, plan assets, and net periodic benefit cost We will discuss the relevant accounting standards and principles used to measure and disclose these items in the financial statements. This course is the third course in the Financial Reporting Specialization offered by the University of Illinois at Urbana-Champaign.

Modules

About the Course

    • 4 Videos
    • 3 Readings
    • 1 Quiz
    • 1 Plugin
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4 Videos

  • Course Introduction
  • Meet Your Instructor
  • Learn on Your Terms
  • The Impact of the Gies Community

3 Readings

  • Syllabus
  • About the Discussion Forums
  • Online Education at Gies College of Business

1 Quiz

  • Orientation Quiz

About Your Classmates

    • 1 Readings
    • 1 Discussion
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1 Discussions

  • Get to Know Your Classmates

1 Readings

  • Update Your Profile

Module 1 Information

    • 2 Readings
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2 Readings

  • Module 1 Overview
  • Module 1 Readings

Lesson 1.1 Current Liabilities

    • 2 Videos
    • 2 Quiz
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2 Videos

  • Current Liabilities
  • Demonstration: Current Liabilities

2 Quiz

  • Lecture Knowledge Check: Current Liabilities
  • Demonstration Knowledge Check: Current Liabillities

Lesson 1.2 Classification of Liabilities into Current and Long-Term

    • 2 Videos
    • 2 Quiz
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2 Videos

  • Classification of Liabilities into Current and Long-Term
  • Demonstration: Classification of Liabilities into Current and Long-Term

2 Quiz

  • Lecture Knowledge Check: Classification of Liabilities into Current and Long-Term
  • Demonstration Knowledge Check: Classification of Liabilities into Current and Long-Term

Lesson 1.3 Contingencies

    • 2 Videos
    • 2 Quiz
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2 Videos

  • Contingencies
  • Demonstration: Contingencies

2 Quiz

  • Lecture Knowledge Check: Contingencies
  • Demonstration Knowledge Check: Contingencies

Lesson 1.4 Subsequent Events

    • 2 Videos
    • 2 Quiz
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2 Videos

  • Subsequent Events
  • Demonstration: Subsequent Events

2 Quiz

  • Lecture Knowledge Check: Subsequent Events
  • Demonstration Knowledge Check: Subsequent Events

Lesson 1.5 Liabilities: US GAAP vs IFRS

    • 1 Videos
    • 1 Quiz
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1 Videos

  • Liabilities: US GAAP vs IFRS

1 Quiz

  • Lecture Knowledge Check: Liabilities: US GAAP vs IFRS

Module 1 Review

    • 1 Quiz
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1 Quiz

  • Module Quiz: Current Liabilties and Contingencies

Module 2 Information

    • 2 Readings
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2 Readings

  • Module 2 Overview
  • Module 2 Readings

Lesson 2.1 Long-Term Debt (Notes Payable)

    • 2 Videos
    • 2 Quiz
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2 Videos

  • Long-Term Debt (Notes Payable)
  • Demonstration: Long-Term Debt (Notes Payable)

2 Quiz

  • Lecture Knowledge Check: Long-Term Debt (Notes Payable)
  • Demonstration Knowledge Check: Long-Term Debt (Notes Payable)

Lesson 2.2 Various Types of Bonds

    • 1 Videos
    • 1 Quiz
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1 Videos

  • Various Types of Bonds

1 Quiz

  • Lecture Knowledge Check: Various Types of Bonds

Lesson 2.3 Bond Issuance

    • 2 Videos
    • 2 Quiz
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2 Videos

  • Bond Issuance
  • Demonstration: Bond Issuance

2 Quiz

  • Lecture Knowledge Check: Bond Issuance
  • Demonstration Knowledge Check: Bond Issuance

Lesson 2.4 Bond Periodic Interest

    • 2 Videos
    • 2 Quiz
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2 Videos

  • Bond Periodic Interest
  • Demonstration: Bond Periodic Interest

2 Quiz

  • Lecture Knowledge Check: Bond Periodic Interest
  • Demonstration Knowledge Check: Bond Periodic Interest

Lesson 2.5 Bond Extinguishment

    • 2 Videos
    • 2 Quiz
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2 Videos

  • Bond Extinguishment
  • Demonstration: Bond Extinguishment

2 Quiz

  • Lecture Knowledge Check: Bond Extinguishment
  • Demonstration Knowledge Check: Bond Extinguishment

Module 2 Review

    • 1 Quiz
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1 Quiz

  • Module Quiz: Long-Term Debt Part 1

Module 3 Information

    • 2 Readings
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2 Readings

  • Module 3 Overview
  • Module 3 Readings

Lesson 3.1 Bond Issue Costs

    • 2 Videos
    • 2 Quiz
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2 Videos

  • Bond Issue Costs
  • Demonstration: Bond Issue Costs

2 Quiz

  • Lecture Knowledge Check: Bond Issue Costs
  • Demonstration Knowledge Check: Bond Issue Costs

Lesson 3.2 Bond Fair Value Accounting

    • 2 Videos
    • 2 Quiz
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2 Videos

  • Bond Fair Value Accounting
  • Demonstration: Bond Fair Value Accounting

2 Quiz

  • Lecture Knowledge Check: Bond Fair Value Accounting
  • Demonstration Knowledge Check: Bond Fair Value Accounting

Lesson 3.3 Convertible Debt

    • 2 Videos
    • 2 Quiz
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2 Videos

  • Convertible Debt
  • Demonstration: Convertible Debt

2 Quiz

  • Lecture Knowledge Check: Convertible Debt
  • Demonstration Knowledge Check: Convertible Debt

Lesson 3.4 Troubled Debt Restructuring

    • 2 Videos
    • 2 Quiz
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2 Videos

  • Troubled Debt Restructuring
  • Demonstration: Troubled Debt Restructuring

2 Quiz

  • Lecture Knowledge Check: Troubled Debt Restructuring
  • Demonstration Knowledge Check: Troubled Debt Restructuring

Lesson 3.5 Bond Issuance Between Interest Dates

    • 2 Videos
    • 2 Quiz
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2 Videos

  • Bond Issuance Between Interest Dates
  • Demonstration: Bond Issuance Between Interest Dates

2 Quiz

  • Lecture Knowledge Check: Bond Issuance Between Interest Dates
  • Demonstration Knowledge Check: Bond Issuance Between Interest Dates

Lesson 3.6 Long-Term Debt: US GAAP vs IFRS

    • 1 Videos
    • 1 Quiz
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1 Videos

  • Long-Term Debt: US GAAP vs IFRS

1 Quiz

  • Lecture Knowledge Check: Long-Term Debt: US GAAP vs IFRS

Module 3 Review

    • 1 Quiz
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1 Quiz

  • Module Quiz: Long-Term Debt Part 2

Module 4 Information

    • 2 Readings
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2 Readings

  • Module 4 Overview
  • Module 4 Readings

Lesson 4.1 Introduction to Lease Accounting

    • 1 Videos
    • 1 Quiz
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1 Videos

  • Introduction to Lease Accounting

1 Quiz

  • Lecture Knowledge Check: Introduction to Lease Accounting

Lesson 4.2 Lessee Accounting for a Finance Lease

    • 2 Videos
    • 2 Quiz
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2 Videos

  • Lessee Accounting for a Finance lease
  • Demonstration: Lessee Accounting for a Finance lease

2 Quiz

  • Lecture Knowledge Check: Lessee Accounting for a Finance lease
  • Demonstration Knowledge Check: Lessee Accounting for a Finance lease

Lesson 4.3 Lessor Accounting for a Sales-type Lease

    • 2 Videos
    • 2 Quiz
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2 Videos

  • Lessor Accounting for a Sales-Type Lease
  • Demonstration: Lessor Accounting for a Sales-Type Lease

2 Quiz

  • Lecture Knowledge Check: Lessor Accounting for a Sales-Type Lease
  • Demonstration Knowledge Check: Lessor Accounting for a Sales-Type Lease

Lesson 4.4 Operating Lease

    • 2 Videos
    • 2 Quiz
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2 Videos

  • Operating Leases
  • Demonstration: Operating Leases

2 Quiz

  • Lecture Knowledge Check: Operating Leases
  • Demonstration Knowledge Check: Operating Leases

Module 4 Review

    • 1 Quiz
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1 Quiz

  • Module Quiz: Lease Accounting Part 1

Module Information

    • 2 Readings
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2 Readings

  • Module 5 Overview
  • Module 5 Readings

Lesson 5.1 Accounting for Lease Contracts With a Purchase Option

    • 2 Videos
    • 2 Quiz
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2 Videos

  • Accounting for Lease Contracts With a Purchase Option
  • Demonstration: Accounting for Lease Contracts With a Purchase Option

2 Quiz

  • Lecture Knowledge Check: Accounting for Lease Contracts With a Purchase Option
  • Demonstration Knowledge Check: Accounting for Lease Contracts With a Purchase Option

Lesson 5.2 Lease Contracts with a Residual Value

    • 2 Videos
    • 2 Quiz
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2 Videos

  • Lease Contracts with a Residual Value
  • Demonstration: Lease Contracts with a Residual Value

2 Quiz

  • Lecture Knowledge Check: Lease Contracts with a Residual Value
  • Demonstration Knowledge Check: Lease Contracts with a Residual Value

Lesson 5.3 Lease Contracts with a Guaranteed Residual Value

    • 2 Videos
    • 2 Quiz
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2 Videos

  • Lease Contracts with a Guaranteed Residual Value
  • Demonstration: Lease Contracts with a Guaranteed Residual Value

2 Quiz

  • Lecture Knowledge Check: Lease Contracts with a Guaranteed Residual Value
  • Demonstration Knowledge Check: Lease Contracts with a Guaranteed Residual Value

Lesson 5.4 Sale Leaseback Arrangements

    • 2 Videos
    • 2 Quiz
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2 Videos

  • Sale Leaseback Arrangements
  • Demonstration: Sale Leaseback Arrangements

2 Quiz

  • Lecture Knowledge Check: Sale Leaseback Arrangements
  • Demonstration Knowledge Check: Sale Leaseback Arrangements

Lesson 5.5 Lease Accounting: US GAAP vs IFRS

    • 1 Videos
    • 1 Quiz
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1 Videos

  • Lease Accounting: US GAAP vs IFRS

1 Quiz

  • Lecture Knowledge Check: Lease Accounting: US GAAP vs IFRS

Module 5 Review

    • 1 Quiz
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1 Quiz

  • Module Quiz: Lease Accounting Part 2

Module 6 Information

    • 2 Readings
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2 Readings

  • Module 6 Overview
  • Module 6 Readings

Lesson 6.1 Introduction to Employee Benefit Plans

    • 1 Videos
    • 1 Quiz
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1 Videos

  • Introduction to Employee Benefit Plans

1 Quiz

  • Lecture Knowledge Check: Introduction to Employee Benefit Plans

Lesson 6.2 Main Elements in Accounting for Pensions

    • 2 Videos
    • 2 Quiz
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2 Videos

  • Main Elements in Accounting for Pensions
  • Demonstration: Main Elements in Accounting for Pensions

2 Quiz

  • Lecture Knowledge Check: Main Elements in Accounting for Pensions
  • Demonstration Knowledge Check: Main Elements in Accounting for Pensions

Lesson 6.3 Pension Assets and Liabilities

    • 2 Videos
    • 2 Quiz
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2 Videos

  • Pension Assets and Liabilities
  • Demonstration: Pension Assets and Liabilities

2 Quiz

  • Lecture Knowledge Check: Pension Assets and Liabilities
  • Demonstration Knowledge Check: Pension Assets and Liabilities

Lesson 6.4 Pension Journal Entries

    • 2 Videos
    • 2 Quiz
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2 Videos

  • Pension Journal Entries
  • Demonstration: Pension Journal Entries

2 Quiz

  • Lecture Knowledge Check: Pension Journal Entries
  • Demonstration Knowledge Check: Pension Journal Entries

Module 6 Review

    • 1 Quiz
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1 Quiz

  • Module Quiz: Pension Accounting Part 1

Module 7 Information

    • 2 Readings
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2 Readings

  • Module 7 Overview
  • Module 7 Readings

Lesson 7.1 Prior Service Costs

    • 2 Videos
    • 2 Quiz
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2 Videos

  • Prior Service Costs
  • Demonstration: Prior Service Costs

2 Quiz

  • Lecture Knowledge Check: Prior Service Costs
  • Demonstration Knowledge Check: Prior Service Costs

Lesson 7.2 Pension Gains & Losses

    • 2 Videos
    • 2 Quiz
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2 Videos

  • Pension Gains & Losses
  • Demonstration: Pension Gains & Losses

2 Quiz

  • Lecture Knowledge Check: Pension Gains & Losses
  • Demonstration Knowledge Check: Pension Gains & Losses

Lesson 7.3 Completing the Pension Puzzle

    • 3 Videos
    • 2 Quiz
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3 Videos

  • Completing the Pension Puzzle
  • Demonstration Part 1: Completing the Pension Puzzle
  • Demonstration Part 2: Completing the Pension Puzzle

2 Quiz

  • Lecture Knowledge Check: Completing the Pension Puzzle
  • Demonstration Knowledge Check: Completing the Pension Puzzle

Lesson 7.4 Pension Accounting: US GAAP vs IFRS

    • 1 Videos
    • 1 Quiz
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1 Videos

  • Pension Accounting: US GAAP vs IFRS

1 Quiz

  • Lecture Knowledge Check: Pension Accounting: US GAAP vs IFRS

Module 7 Review

    • 1 Quiz
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1 Quiz

  • Module Quiz: Pension Accounting Part 2

Lesson 8.0 Module Information

    • 1 Readings
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1 Readings

  • Module 8 Overview

Module 8 Review

    • 1 Readings
    • 1 Discussion
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1 Discussions

  • Final Reflection: I used to think ... Now I think

1 Readings

  • Course Wrap-Up

Congratulations

    • 2 Readings
    • 1 Plugin
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2 Readings

  • Congratulations on completing the course!
  • Get Your Course Certificate

Honors Assignment

    • 1 PeerReview
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1 Peer Review

  • Notes on Long-term Liability
Scott Mendoza
Instructor

Scott Mendoza