Accounting Analysis II: Measurement and Disclosure of Liabilities

Start Date: 07/11/2021

Course Type: Common Course

Course Link:

About Course

This course is the third course in the five-course Financial Reporting Specialization. This course begins with a discussion of current liabilities and contingencies and continues with long-term debt and bonds. The course next explores accounting model for leases, both lessees and lessors, and a discussion on deferred tax assets and liabilities. Participants will learn the latest accounting standards including the new accounting model for leases effective for public companies in 2019 and private companies in 2020.

Course Syllabus

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 provisions of loan agreements with call options. You will also identify the criteria for recognizing or and/or disclosing contingencies

Coursera Plus banner featuring three learners and university partner logos

Course Introduction

Accounting Analysis II: Measurement and Disclosure of Liabilities In this course you will learn how to develop accounting models to measure the financial status of an entity and determine the income, loss, or cash flows that an investor would receive from the entity’s assets. You will learn the valuation method, model and framework to measure assets, liabilities, and the income statement format. You will also learn how to allocate assets among the various liabilities within the financial statements. You will also learn how to value the assets of a corporation, its subsidiaries and the income statement format. The course also covers the measurement of asset values using financial statements and equity method to value assets, liabilities, and the income statement format. Upon successful completion of this course, you will be able to: • Develop an understanding of the components of an asset value chain • Assess the financial status of an entity’s assets • Develop an understanding of the measurement and reporting of liabilities • Develop an understanding of the equity method to value assets, liabilities, and the income statement format • Develop an understanding of the financial statement format and the income statement format • Develop an appreciation for the different types of financial statements and equity method to value assets, liabilities, and the income statement format • Develop an appreciation for the different types of financial statements and equity method to value assets, liabilities, and the income statement format • Develop an understanding of the income statement format and the measurement method This course is

Course Tag

Related Wiki Topic

Article Example
Social accounting and audit Social accounting and audit uses quantitative analysis of planned and actual measurement, ratio analysis for comparing trends over time, and qualitative analysis of constant comparison using ‘coding’ and ‘categorising’ in order that responses can be made and measured.
Accounting Management accounting focuses on the measurement, analysis and reporting of information that can help managers in making decisions to fulfil the goals of an organization. In management accounting, internal measures and reports are based on cost-benefit analysis, and are not required to follow the generally accepted accounting principle (GAAP). In 2014 CIMA created the Global Management Accounting Principles (GMAPs). The result of research from across 20 countries in five continents, the principles aim to guide best practice in the discipline.
Accounting Accounting can be divided into several fields including financial accounting, management accounting, external auditing, and tax accounting. Accounting information systems are designed to support accounting functions and related activities. Financial accounting focuses on the reporting of an organization's financial information, including the preparation of financial statements, to external users of the information, such as investors, regulators and suppliers; and management accounting focuses on the measurement, analysis and reporting of information for internal use by management. The recording of financial transactions, so that summaries of the financials may be presented in financial reports, is known as bookkeeping, of which double-entry bookkeeping is the most common system.
Financial accounting The accounting equation (Assets = Liabilities + Owners' Equity) and financial statements are the main topics of financial accounting.
Measurement system analysis Just as processes that produce a product may vary, the process of obtaining measurements and data may have variation and produce defects. A measurement systems analysis evaluates the test method, measuring instruments, and the entire process of obtaining measurements to ensure the integrity of data used for analysis (usually quality analysis) and to understand the implications of measurement error for decisions made about a product or process. MSA is an important element of Six Sigma methodology and of other quality management systems.
Social accounting and audit Social accounting and audit achieves its form of measurement by using the actual values of the items and processes that are measured as the form of measurement; instead of converting social and environmental benefits and responsibility into financial values.
Measurement system analysis Common tools and techniques of measurement systems analysis include: calibration studies, fixed effect ANOVA, components of variance, attribute gage study, gage R&R, ANOVA gage R&R, destructive testing analysis and others. The tool selected is usually determined by characteristics of the measurement system itself.
List of finance and accounting roles Other finance and accounting positions include assistant controller, assistant technical controller, finance treasurer, director of finance and accounting, director of financial planning and analysis, financial analyst, payroll administrator, senior accounting manager, director of revenue, and senior accounting specialist.
Measurement system analysis A measurement systems analysis (MSA) is a specially designed experiment that seeks to identify the components of variation in the measurement.
Measurement system analysis A measurement systems analysis considers the following:
Social accounting and audit Social accounting and audit is a comprehensive triple bottom line planning and measurement method.
Accounting Accounting or accountancy is the measurement, processing and communication of financial information about economic entities such as businesses and corporations. The modern field was established by the Italian mathematician Luca Pacioli in 1494. Accounting, which has been called the "language of business", measures the results of an organization's economic activities and conveys this information to a variety of users, including investors, creditors, management, and regulators. Practitioners of accounting are known as accountants. The terms "accounting" and "financial reporting" are often used as synonyms.
Liability (financial accounting) The accounting equation relates assets, liabilities, and owner's equity:
Profit (accounting) In this context we define the quality requirements for the production data used in productivity accounting. The most important criterion of good measurement is the homogenous quality of the measurement object. If the object is not homogenous, then the measurement result may include changes in both quantity and quality but their respective shares will remain unclear. In productivity accounting this criterion requires that every item of output and input must appear in accounting as being homogenous. In other words, the inputs and the outputs are not allowed to be aggregated in measuring and accounting. If they are aggregated, they are no longer homogenous and hence the measurement results may be biased.
History of accounting The development of joint-stock companies (especially from about 1600) built wider audiences for accounting information, as investors without firsthand knowledge of their operations relied on accounts to provide the requisite information. This development resulted in a split of accounting systems for internal (i.e. management accounting) and external (i.e. financial accounting) purposes, and subsequently also in accounting and disclosure regulations and a growing need for independent attestation of external accounts by auditors.
Accrued liabilities Accrued liabilities are liabilities that reflect expenses on the income statement that have not been paid or logged under accounts payable during an accounting period; in other words, obligations for goods and services provided to a company for which invoices have not yet been received. Examples would include accrued wages payable, accrued sales tax payable, and accrued rent payable.
Self-disclosure Self-disclosure is an important building block for intimacy and cannot be achieved without it. Reciprocal and appropriate self-disclosure is expected. Self-disclosure can be assessed by an analysis of cost and rewards which can be further explained by social exchange theory. Most self-disclosure occurs early in relational development, but more intimate self-disclosure occurs later.
Fundamental analysis Fundamental analysis, in accounting and finance, is the analysis of a business's financial statements (usually to analyze the business's assets, liabilities, and earnings); health; and its competitors and markets. When applied to futures and forex, it focuses on the overall state of the economy, and considers factors including interest rates, production, earnings, employment, GDP, housing, manufacturing and management. When analyzing a stock, futures contract, or currency using fundamental analysis there are two basic approaches one can use: bottom up analysis and top down analysis. The terms are used to distinguish such analysis from other types of investment analysis, such as quantitative and technical.
Institute of Cost Accountants of India The structure of Cost Accounting Standard consists of Introduction, Objectives of issuing standards, Scope of standard, Definitions and explanations of the terms used in the standard, Principles of Measurement, Assignment of Cost, Presentation and Disclosure.
Hedge accounting Accounting for derivative financial instruments under International Accounting Standards is covered by IAS39 (Financial Instrument: Recognition and Measurement).