Mod 1 Non-Financial + Current Liabilities

outcomes by t he t ime you f inish your work on t

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Unformatted text preview: he t ime you f inish your work on t his module, you should be able t o: Def ine liabilit ies. Dif f erent iat e bet ween f inanc ial and non- f inanc ial liabilit ies. Def ine various c urrent liabilit ies. Ident if y various c urrent liabilit ies. Desc ribe t he valuat ion met hod f or c urrent liabilit ies. Explain t he measuring and rec ording of liabilit ies. Def ine an asset ret irement obligat ion. Ident if y t he ac c ount ing and report ing requirement s f or c ont ingent liabilit ies. Compare IF RS and GAAP. F ile: Topic 1: F inancial Liabilities: Recognition and Measurement Mo dule 1: No n- F ina nc ia l a nd... T opic 1: Financial Liabilities: Recognition and Measurement https://blackboar d.tr u.ca/webct/ur w/lc5122001.tp0/cobaltM ainFr ame.dowebct 2/6 8/27/13 Blackboar d Lear ning System It is import ant t o dist inguish bet ween f inanc ial and non- f inanc ial liabilit ies in order t o c at egorize t he c lassif ic at ion and measurement s. F ollowing are some of t he major financial liabilities c overed in t his module: 1. Bank indebt edness and...
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