Topics covered include: Scope of ASC 480; ASU 2017-11; Financial Instruments Subject to ASC 480; Mandatorily Redeemable Financial Instruments; ESOP Shares; Other Obligations; Presentation Requirements; Initial and Subsequent Measurement of Liability; Earnings per share; Disclosures. Upon completing this course, you should be able to: Recall the rules for financial instruments with characteristics of both liabilities and equity; Identify categories of financial instruments that are subject to the FASB ASC Topic 480 rules; Determine the entities that are subject to FASB ASC Topic 480; Identify the rules for entities with mandatorily redeemable shares.