FASB ASC Topic 470: Debt – An Auditor’s Perspective on Common Balance Sheet Classification Issues

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Certified Public Accountant

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Chartered Accountant (IES8 CPD)

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Certified Management Accountant

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Certified Fraud Examiner

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Certified Internal Auditor

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Certification in Risk Management Assurance

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Course Syllabus
INTRODUCTION and OVERVIEW
  Introduction to FASB ASC Topic 4703:02
FASB ASC Topic 470
  Importance of Proper Debt Classification 5:11
  Due on Demand and Subjective Acceleration Clauses 5:01
  Callable Debt with Covenants 12:04
  Auditor's Response When Debt Covenant Violated 3:35
  Short -Term Debt Being Refinanced 11:52
  Revolving Credit Arrangements 10:07
CONCLUSION
  Default Debt Instruments 5:19
Continuous Play
  FASB ASC Topic 470 56:10
SUPPORTING MATERIALS
  Slides: FASB ASC Topic 470PDF
  FASB ASC Topic 470 Glossary/IndexPDF
REVIEW and TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam