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Track 5 · Intermediate

Liabilities and Equity

Payables, accruals, provisions, borrowings, bonds, leases, share capital, dividends and equity movements.

Lessons
9
Exercises
62
Time
4 h 25 min

Module 1

Current liabilities

  1. 01

    Accounts payable and accrued liabilities

    Record supplier invoices, payments and period-end accruals and reconcile supplier statements.

    Journal entries · Worksheets · Classification

    Members30 min
  2. 02

    Provisions and contingent liabilities

    Decide whether to recognise a provision, disclose a contingency or do nothing.

    Journal entries · Calculations · Classification · Concept checks · IAS 37.14, ASC 450

    Members25 min
  3. 03

    Classifying liabilities as current or non-current

    Classify liabilities by settlement date and the right to defer settlement.

    Worksheets · Calculations · Classification · Concept checks · IAS 1.69

    Members20 min

Module 2

Borrowing

  1. 01

    Loans and interest accruals

    Record a loan, its interest accrual and repayments using an amortisation schedule.

    Journal entries · Worksheets · Calculations · Simulator

    Members35 min
  2. 02

    Bonds and the effective interest method

    Measure a bond at amortised cost and record interest using the effective interest rate.

    Journal entries · Worksheets · Calculations · Concept checks · IFRS 9 (amortised cost)

    Members30 min
  3. 03

    Lease accounting for lessees

    Measure a right-of-use asset and lease liability and record the first year's entries.

    Journal entries · Worksheets · Calculations · Classification · Simulator · IFRS 16, ASC 842 (comparison)

    Members35 min

Module 3

Equity

  1. 01

    Share capital and share issues

    Record share issues, including at a premium, and explain the components of equity.

    Journal entries · Worksheets · Classification · Concept checks

    Members30 min
  2. 02

    Dividends and retained earnings

    Record dividend declaration and payment and reconcile retained earnings.

    Journal entries · Worksheets · Calculations · Concept checks · Simulator

    Members35 min
  3. 03

    Treasury shares

    Record the buy-back and reissue of a company's own shares.

    Journal entries · Calculations · Equation analysis · IAS 32.33

    Members25 min