This course focuses on the recognition, measurement and subsequent accounting for various types of liabilities. The content includes:
Accounting Analysis II: Measurement and Disclosure of Liabilities
Give your career the gift of Coursera Plus with $160 off, billed annually. Save today.
Accounting Analysis II: Measurement and Disclosure of Liabilities
This course is part of Financial Reporting Specialization
Instructor: Scott Mendoza
11,166 already enrolled
Included with 
Gain insight into a topic and learn the fundamentals.
4.6
(117 reviews)
Intermediate level
Recommended experience
Flexible schedule
Approx. 33 hours
Learn at your own pace
Build toward a degree
What you'll learn
Describe the accounting process related to accounting for liabilities (from origination of transactions to disclosure in the financial statements)
Describe liabilities and contingencies and demonstrate the appropriate accounting treatment, including required disclosures
Demonstrate the accounting for bonds (including par, discount, and premium bonds)
Explain and demonstrate the accounting for pension plans
Details to know
Shareable certificate
Add to your LinkedIn profile
Assessments
67 quizzes
Taught in English
See how employees at top companies are mastering in-demand skills
Build your subject-matter expertise
This course is part of the Financial Reporting Specialization
When you enroll in this course, you'll also be enrolled in this Specialization.
- Learn new concepts from industry experts
- Gain a foundational understanding of a subject or tool
- Develop job-relevant skills with hands-on projects
- Earn a shareable career certificate
Earn a career certificate
Add this credential to your LinkedIn profile, resume, or CV
Share it on social media and in your performance review
There are 9 modules in this course
In this module, you will become familiar with the course, your instructor and your classmates, and our learning environment. This orientation will also help you obtain the technical skills required to navigate and be successful in this course.
What's included
4 videos4 readings1 quiz1 discussion prompt1 plugin
In this module, you will be introduced to the concepts of current liabilities and contingencies. You will learn how to classify liabilities as current or long-term, including consideration of refinancing arrangements. The module also describes the criteria for recognizing and/or disclosing contingencies.
What's included
9 videos2 readings10 quizzes
In this module, you will be introduced to the concept of long-term debt. You will learn about the different types of bonds and how each type results in different accounting, including bonds sold at a premium or discount. The module also explains the recognition of interest and bond extinguishment.
What's included
9 videos2 readings10 quizzes
In this module, long-term debt will be discussed in more detail. Students will learn how to account for other aspects of bond accounting, including bond issue costs, fair value accounting, convertible debt, troubled debt restructuring, issuances between interest dates, and differences between U.S. GAAP and IFRS.
What's included
11 videos2 readings12 quizzes
In this module, you will be introduced to the most recent lease accounting standards issued by the Financial Accounting Standards Board (FASB). Starting with the definition of a lease, this module will discuss features of the model related to both lessors and lessees. It will also illustrate the classification of leases, initial recognition, and subsequent measurement.
What's included
7 videos2 readings8 quizzes
In this module, we continue the discussion of the lease accounting model. You will learn how to account for leased asset purchase options, leased asset residual values, sale leaseback accounting, and the differences between U.S. GAAP and IFRS when accounting for leases.
What's included
9 videos2 readings10 quizzes
In this module, you will be introduced to accounting for pension benefits. We will explore the basic features of accounting for defined benefit plans, including benefit obligations, plan assets, and the components of net periodic benefit cost.
What's included
7 videos2 readings8 quizzes
In this module, you will continue your study of accounting for employee retirement benefits. We will learn how to account for plan amendments and the recognition of pension gains and losses. We will also discuss a comprehensive recognition of pension activities. The module will conclude with a discussion of the major differences between U.S. GAAP and IFRS with respect to pension accounting.
What's included
8 videos2 readings8 quizzes
This module is for you to tell us what you think of the course.
What's included
4 readings1 peer review1 discussion prompt1 plugin
Instructor
Instructor ratings
4.6 (34 ratings)Offered by
Recommended if you're interested in Business Essentials
University of Virginia
University of Illinois Urbana-Champaign
University of Illinois Urbana-Champaign
Northeastern University
Build toward a degree
This course is part of the following degree program(s) offered by University of Illinois Urbana-Champaign. If you are admitted and enroll, your completed coursework may count toward your degree learning and your progress can transfer with you.¹
Why people choose Coursera for their career
Felipe M.
Learner since 2018
"To be able to take courses at my own pace and rhythm has been an amazing experience. I can learn whenever it fits my schedule and mood."
Jennifer J.
Learner since 2020
"I directly applied the concepts and skills I learned from my courses to an exciting new project at work."
Larry W.
Learner since 2021
"When I need courses on topics that my university doesn't offer, Coursera is one of the best places to go."
Chaitanya A.
"Learning isn't just about being better at your job: it's so much more than that. Coursera allows me to learn without limits."
Learner reviews
Showing 3 of 117
4.6
117 reviews
- 5 stars
78.63%
- 4 stars
12.82%
- 3 stars
5.12%
- 2 stars
1.70%
- 1 star
1.70%
New to Business Essentials? Start here.
Open new doors with Coursera Plus
Unlimited access to 7,000+ world-class courses, hands-on projects, and job-ready certificate programs - all included in your subscription
Advance your career with an online degree
Earn a degree from world-class universities - 100% online
Join over 3,400 global companies that choose Coursera for Business
Upskill your employees to excel in the digital economy
Frequently asked questions
Once you enroll for a Certificate, you’ll have access to all videos, quizzes, and programming assignments (if applicable). If you choose to explore the course without purchasing, you may not be able to access certain assignments.
You will be eligible for a full refund until 2 weeks after your payment date. You cannot receive a refund once you’ve earned a Course Certificate, even if you complete the course within the 2-week refund period. View our full refund policy.
Yes! Coursera provides financial aid to learners who would like to complete a course but cannot afford the course fee. To apply for aid, select "Learn more and apply" in the Financial Aid section below the "Enroll" button. You'll be prompted to complete a simple application; no other paperwork is required.