Current Liabilities

In this course on “Current Liabilities,” students will delve into essential financial concepts surrounding short-term obligations that a company must fulfill. The curriculum covers crucial topics such as Accounts Payable, exploring the management of amounts owed to suppliers, and Unearned Revenue, unraveling the complexities of income received in advance. Students will gain insights into Contingent Liabilities in Financial Accounting, understanding potential future obligations. The course further explores Accounting for Warranty Expense, providing a comprehensive view of managing warranties. Participants will also learn the intricacies of Accounting for Gift Cards, Premiums, Coupons, and Asset Retirement Obligations. By the end of this course, students will be equipped with a solid understanding of current liabilities, enabling them to navigate financial responsibilities adeptly in various business contexts.