Accounting Challenges: Contingent Liabilities – What are They? - Virtual Class Recording

This course will discuss what contingent liabilities and how they affect and are presented in the balance sheet.

Join Michael Parks, CPA - Director of Internal Audits at MDRC (Manpower Demonstration Research Corporation) as he helps students better understand this accounting topic.

Take this class without ever leaving the office via our Virtual Classroom (Virtual NYIF). Accessible from any internet connected computer - regardless of where you are geographically. All you need is an internet connection, a browser and speakers or audio headphones!

Available TodayOnlineUSD$75
Instructional Method:
Self-Study
Instructor(s): [ Michael Parks; ] Level: Intermediate

CPE CREDITS
1
Financial managers, investors, research analysts, credit and financial analysts.
Students will be able to:
  • Understand what contingent liabilities are
  • Explain the current accounting criteria for recording liabilities
  • Demonstrate how contingent liabilities are presented and disclosed in the balance sheet and notes to the financial statements
Introduction to Financial Accounting or equivalent knowledge
"Michael is a fantastic teacher and is very talented at sparking interest in the students."
"Michael is very patient and knowledgeable. He went out of his way to make sure that everyone understood the subject matter."
Contingent Liabilities – What are they?
Topics covered include:
  • Contingent liabilities – definition and examples
  • Criteria for recognizing liabilities
  • Presentation of contingent liabilities in the balance sheet
  • Disclosures of contingent liabilities in the notes to the financial statements
Duration: 1 Hour

                              Powered by Virtual NYIF