[click to return to the previous page]

FASB No. 150: Accounting for Financial Instruments with Characteristics of Both Liabilities and Equity (Second Edition)

Steven C. Fustolo

FASB No. 150, Accounting for Certain Financial Instruments with Characteristics of both Liabilities and Equity was issued in May 2003. This course will review the impact of this standard, including the categories of financial instruments subject to the FASB No. 150 rules. It will also review the rules for entities with mandatorily redeemable shares and transition rules for implementing FASB No. 150.

Topics covered include:

  • Three categories of financial instruments subject to FASB No. 150
  • Rules for presentation
  • Measurement of initial and subsequent liability
  • Earnings per share
  • Disclosures required by FASB No. 150
  • Determining fair value
  • Third party concerns and violations of debt covenants

Course Details
Price:  $45.00
Field of Study:  Accounting
Prerequisites:  None
Level:  Intermediate
Course was last updated on:  04/02/08
[click to buy this course]
Library:
Accounting and Audit

Technical Requirements:
To view and print downloadable content files available in this program, you will need Adobe Acrobat Reader. You can download the free Reader plugin at Adobe's website by clicking on the icon below, then following the instructions for installation on your computer.
[click to download acrobat reader]
Credit Available For: Units
CPE 3 CPE
QAS 3 CPE
Enrolled Agent (Accepted by the IRS) 3 CPE

Note: Recommended CPE credit is based on a 50-minute hour. Participants earning credits for states that require self-study to be based on a 100-minute hour will receive half the recommended CPE credits for successful completion of this course.

Since Continuing Professional Education requirements vary from state to state and are subject to change without notice, please contact your state board of accountancy for information on your CPE requirements and the applicability of this course to meet those specifications.

User Reviews
Reviewer: SORENSON, B. submitted on 12/09/2009
examples and quizes
Reviewer: Paul L. submitted on 11/18/2009
Well organized.
Reviewer: MCAULEY, S. submitted on 09/11/2009
ORGANIZATION OF MATERIAL
[click to buy this course]