Debt is typically a critical component of the financial statements, impacting the economic decisions of financial statement users. This course will address common issues that may impact the proper presentation and disclosure of debt, including debt covenant compliance and other issues that impact classification of the liability between current vs. noncurrent.
Learning Objectives
Upon completion of this course, participants will be able to:
Describe the importance of proper debt classification and disclosure;
Explain how various common debt terms impact the classification of debt; and
Apply illustrative examples to appropriate disclosure of debt terms and circumstances.
