CE/CPE Course Information

Current Liabilities

CPE Credits: 4
Subject Area: Accounting and Auditing
Field of Study: Accounting
Program Level: Overview
Lesson Version: 18-1
Publication/Revision Date: March 8, 2017
Prerequisites/Advanced Preparation: None

Learning
Objectives
    After completing this course, you will be able to
  • Identify the concepts underlying the accounting for current liabilities
  • Account for trade payables and notes payable
  • Determine when noncurrent debt has a current maturity
  • Account for advances, coupons, and premiums
  • Make the appropriate entries for accruing expenses
  • Calculate certain taxes payable
  • Answer questions about the criteria for accruing employees’ rights to certain benefits
  • Answer technical questions on gain and loss contingencies, including guarantees and warranties
Course Topics
  1. Concepts
  2. Trade Accounts Payable
  3. Notes Payable
  4. Current Maturities of Noncurrent Debt
  5. Advances, Coupons, and Premiums
  6. Accrued Expenses
  7. Certain Taxes Payable
  8. Compensated Absences and Postemployment Benefits
  9. Contingencies
  10. Warranties

This self-study course consists of an Audiovisual presentation, a 20-question True/False Introductory quiz, a Knowledge Transfer Outline with multiple-choice questions for study and review, and a Qualified Assessment of 20 questions.

This course is designed for your convenience. You may log out at any time during the course; your current position and all work will be saved. The next time you log in, you can resume right where you logged off.

State Board and other CPE agency registrations can be viewed on our sponsor approvals page.

For more information regarding administrative policies such as complaints and refunds, please contact our CPE Department at (800) 874-5346 ext. CPE (273).