This CPE course discusses issues related to recognition and measurement of long-term debt, including confirming balances, recalculating accrued interest, and the recognition of interest expense.
NASBA Field of Study
Tom Noce, Lynford Graham
This CPE course can be purchased individually or as part of the Audit Staff Essentials - New Staff: Practical Application staff training bundle.
Learn about the relatively straightforward issues relating to recognition and measurement of long-term debt as well as the more challenging issues relating to presentation and disclosure.
Understand the more mechanical side of auditing debt, including confirming balances, recalculating accrued interest, and the recognition of interest expense.
Learn how to ensure that your working papers contain sufficient appropriate evidence to support related financial statement disclosures.
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