Mastering Corporate Liabilities: An In-depth Guide to Bonds, Notes Payable, and Other Financial Obligations
Sub Category
- Other Business
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Objectives
- Interpret bond issuance strategies, discerning the implications on corporate accounts when bonds are issued at par, discount, or premium.
- Execute present value calculations using various methodologies, including algebraic formulas, actuarial tables, and Microsoft Excel functions.
- Ascertain and articulate the factors that influence the issue price of bonds, comprehending why it often diverges from its face value.
- Construct and analyze journal entries associated with bond retirement, understanding the differences when bonds are retired at maturity or before.
- Formulate detailed amortization tables for notes payable, thereby understanding the intricacies of interest calculation and payment structuring.
- Differentiate between current and long-term liabilities while compiling the liability section of balance sheets, taking into account their individual impacts on
- Identify and compare various types of bonds and their unique characteristics, equipping yourself with the knowledge to advise on bond selection.
- Apply different amortization methods such as straight-line and effective-interest for amortizing discounts and premiums on bonds, while evaluating their implica
- Distinguish between capital leases and operating leases, understanding the criteria for their classification and how they are accounted for in corporate account
- Develop adjusting entries that simplify data entry processes in an accounting system.
- Recognize and interpret various types of bonds and their individual characteristics.
Pre Requisites
- Basic Understanding of Accounting Principles: Familiarity with foundational accounting concepts and terminologies will be beneficial as we'll be building upon these principles.
- Motivated Learner: More than any technical skill, what's truly needed is a keen interest in learning more about corporate accounting, bonds payable, and notes payable.
FAQ
- Q. How long do I have access to the course materials?
- A. You can view and review the lecture materials indefinitely, like an on-demand channel.
- Q. Can I take my courses with me wherever I go?
- A. Definitely! If you have an internet connection, courses on Udemy are available on any device at any time. If you don't have an internet connection, some instructors also let their students download course lectures. That's up to the instructor though, so make sure you get on their good side!
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