- NY Credits : 12.0
- TX Credits : 12.0
GAAP Guide - The Balance Sheet
Upon successful completion of this course, the user should be able to:
recognize the formats and elements of balance sheets and income statements,
determine the valuation of accounts receivable and methods of recognizing uncollectible receivables,
identify the different methods for measuring inventories and inventory estimation methods,
recognize the accounting requirements for the various ways of acquiring fixed assets, cost recovery, impairment, and disposal.
identify different types of bonds and how to record their acquisition,
identify the various types of current and long-term liabilities, along with their reporting and disclosure,
determine the differences between the two main types of pension plans: defined benefit and defined contribution pension plans,
identify the different types of leases and the recording requirements for both sides in a lease, and
recognize accounting requirements for the different types of stock, dividends, and equity reclassification.