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.
Lesson: Compensated Absences Overview and Objectives
Instructor: Nick Palazzolo
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.
Updated: Oct. 20, 2021 Create an account
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Specialized Financial Reporting Topics
Module:
5 Concepts,
42 Lessons
Forwards and Futures
3:01
Interest Rate Swaps
2:09
Puts and Calls
1:29
Hedge Accounting
4:41
Leases Summary
0:38
Form 10-K
1:29
Convertible Bonds
3:17
Segment Reporting
5:56
