Video: Compensated Absences Overview and Objectives

In this lesson, Nick Palazzolo, CPA, breaks down the ins and outs of accounting for compensated absences from a corporate perspective. Discover how companies should recognize the costs associated with employees taking time off, whether for vacation, holidays, sickness, or maternity leave. Nick's engaging approach demystifies the process of calculating the overall liability for compensated absences and crafting the necessary journal entries. Dive in as he simplifies the intricate guidelines for recognizing these costs and prepares you to tackle real-world scenarios with ease.

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Specialized Financial Reporting Topics
Module: 5 Concepts, 42 Videos
Derivatives and Hedge Accounting Overview
0:40
Derivatives and Hedge Accounting Objectives
1:03
Terminology for Derivatives and Hedge Accounting
6:24
Forwards and Futures
3:01
Interest Rate Swaps
2:09
Puts and Calls
1:29
Hedge Accounting
4:41
Derivatives and Hedge Accounting Summary
0:57
Derivatives and hedge accounting - Practice Questions
4:57
Foreign Currency Transactions and Translation Overview and Objectives
2:00
Terminology for Foreign Currency Transactions
9:54
Balance Sheet Accounts with Fixed Versus Fluctuating Values
0:38
Translation Versus Remeasurement
0:50
Translation Method of Converting Financial Statements
2:42
Remeasurement Method of Converting Financial Statements
2:45
Journal Entries for Foreign Currency Transactions
4:41
Foreign currency transactions and translation - Practice Questions
4:09
Leases Overview and Objectives
1:46
Introduction to Leases
3:10
Lease Classification Process
14:07
Lessee Accounting for Finance Leases
18:41
Lessee Accounting for Operating Leases
9:47
Lessor Accounting for Operating Leases
3:20
Lessor Accounting for Sales-Type Leases
9:13
Leases Summary
0:38
Leases - Practice Questions
8:11
Public Company Reporting Topics & EPS Overview and Objectives
1:06
Form 10-K
1:29
Accelerated and Large Accelerated Filers
1:17
Calculating Earning Per Share
3:14
Convertible Bonds
3:17
Convertible Preferred Stock
1:11
Stock Warrants and Rights
3:11
Stock Compensation Plans
1:28
Segment Reporting
5:56
Public Company Reporting Topics & EPS Summary
0:41
Public company reporting topics - Practice Questions
12:35
Compensated Absences Overview and Objectives
0:53
Employee Compensated Absences
1:21
Compensated Absences Example
3:49
Compensated Absences Summary
0:50
Compensated absences - Practice Questions
5:50