TAILIEUCHUNG - Lecture Intermediate accounting (15th edition): Chapter 13 - Kieso, Weygandt, Warfield

Chapter 13 - Current liabilities and contingencies. After completing this chapter you should be able to: Describe the nature, type, and valuation of current liabilities, explain the classification issues of short-term debt expected to be refinanced, identify types of employee-related liabilities. | Prepared by Coby Harmon University of California, Santa Barbara Intermediate Accounting Intermediate Accounting Prepared by Coby Harmon University of California, Santa Barbara Westmont College INTERMEDIATE ACCOUNTING F I F T E E N T H E D I T I O N Prepared by Coby Harmon University of California, Santa Barbara Westmont College kieso weygandt warfield team for success PREVIEW OF CHAPTER Intermediate Accounting 15th Edition Kieso Weygandt Warfield 13 Identify the criteria used to account for and disclose gain and loss contingencies. Explain the accounting for different types of loss contingencies. Indicate how to present and analyze liabilities and contingencies. After studying this chapter, you should be able to: LEARNING OBJECTIVES Describe the nature, type, and valuation of current liabilities. Explain the classification issues of short-term debt expected to be refinanced. Identify types of employee-related liabilities. Current Liabilities and Contingencies 13 Current Liabilities “What is a Liability?” The FASB, defined liabilities as: “Probable Future Sacrifices of Economic Benefits arising from present obligations of a particular entity to transfer assets or provide services to other entities in the future as a result of past transactions or events.” LO 1 Current Liabilities Recall: Current assets are cash or other assets that companies reasonably expect to convert into cash, sell, or consume in operations within a single operating cycle or within a year. LO 1 Describe the nature, type, and valuation of current liabilities. Operating cycle: period of time elapsing between the acquisition of goods and services and the final cash realization resulting from sales and subsequent collections. Current liabilities are “obligations whose liquidation is reasonably expected to require use of existing resources properly classified as current assets, or the creation of other current liabilities.” Current Liabilities Typical Current Liabilities: Accounts payable. Notes .

• Kế toán - Kiểm toán
• Current liabilities
• Contingent assets
• Analysis of current liabilities
• Contingent liabilities
• Intermediate accounting
• Lecture Intermediate accounting
• Financial Accounting
• Principles of financial accounting
• Accounting information
• Classifying liabilities
• Uncertainty in liabilities
• Lecture Accounting principles
• Accounting principles
• Payroll accounting
• The financial statement presentation
• Lecture Financial accounting
• Long term liabilities
• Accrued liabilities
• Bonds payable
• Estimated liabilities
• Fundamental accounting principles
• Lecture Fundamental accounting principles
• Lecture International accounting
• International accounting
• Liabilities and payrol
• Current liabilities of known amount
• Accounting for payroll
• Interpreting liabilities
• Accounting system
• Disposition of property
• Intangible assets
• Lecture Accounting
• Accounting standards
• Owners’ equity
• Non current liabilities
• Issues in financial accounting
• Kế toán tài chính
• Financial statements
• Analyzing liabilities
• Financial reporting
• Lease liabilities
• Lecture Principles of financial accounting
• Bài giảng Nguyên lý kế toán tài chính
• Account for contingencies
• Account for estimated liabilities
• Notes Playable
• Payroll
• Long Term Obligations
• Employee Compensation