Accounting-Bonds Payable, Notes Payable, Liabilities

Accounting for bonds and notes payable including the recording of bond discount and premium, present value calculations.

4.82 (118 reviews)
Udemy
platform
English
language
Other
category
35,503
students
16 hours
content
Jun 2019
last update
$84.99
regular price

What you will learn

How to record the issuance of bonds

How to record bonds issued at a primium

How to record bonds issued at a discount

Present value (PV) Calculations Using Formulas

Present value (PV) Calculations Using Tables

Present value (PV) Calculations Excel

Calculate Bond Issue Price

How to record bond retirement

Description of notes payable

How to create an amortization table

Adjusting entries for notes payable

How to record current and long term liabilities

Types of bonds and bond characteristics

Calculate the effective amortization method

Explain what a capital lease and operating lease is

Comprehensive accounting problem

Description

Bonds payable, notes payable, and liabilities will introduce the concept of bonds from a corporate perspective and explain how to record the issuance of bonds and notes payable.

We will discuss the journal entry for issuing bonds at par value, at a discount, and at a premium.

The course will cover present value calculations in multiple formats. Present value calculations are often confusing to learners partially because the topic can be introduced in many ways. We will look at various ways to calculate present value and explain when we would use each. We will calculate present values using formulas and algebra, using present value tables, and using Microsoft Excel functions.

We will calculate the issue price of bonds and discuss why the issue price often differs from the par value or face amount of a bond.

The course will cover the journal entry related to the retirement of a bond, both at maturity and before maturity.

We will introduce notes payable, record journal entries related to taking out an installment note, and build amortization tables related to notes payable. Amortization tables help us record the proper transactions when making payments on a note payable and also provide us with a good idea of what interest is, how it is calculated, and why.

This course will discuss adjusting entries that can be used in an accounting system to help simplify the data entry process.

We will discuss how to create the liability section of the balance sheet breaking out current and long-term portions. We will discuss different techniques for recording the current portion and long-term portion of installment notes.

This course will discuss different types of bonds and bond characteristics.

We will demonstrate different methods for amortizing discounts and premiums including the straight-line method and effective method, discussing the pros and cons of each.

This course will describe the differences between a capital lease and operating lease and when a lease must be recorded as a capital lease.

We will also have a comprehensive problem designed to take a step back and think about the entire accounting cycle.

In addition to the instructional videos, this course will include downloadable  

•    Downloadable PDF Files  

•    Excel Practice Files  

•    Multiple Choice Practice Questions  

•    Short Calculation Practice Questions  

•    Discussion Questions  

The PDF files allow us to download reference information we can use offline and as a guide to help us work through the material.  

Excel practice files will be preformatted so that we can focus on the adjusting process and learning some of the basics of Excel, like addition, subtraction, and cell relationships.  

Multiple choice example question helps us improve our test-taking skills by reducing the information into the size and format of multiple choice questions and discussing how to approach these questions.  

Short calculation questions help us reduce problems that have some calculation down to a short format that could be used in multiple choice questions.  

Discussion Question will provide an opportunity to discuss these topics with the instructor and other students, a process many students find very helpful because it allows us to see the topic from different viewpoints.  

Who will we be learning from?  

You will be learning from somebody who has technical experience in accounting concepts and in accounting software like QuickBooks, as well as experience teaching and putting together curriculum.  

You will be learning from somebody who is a:  

•    CPA – Certified Public Accountant  

•    CGMA – Chartered Global Management Accountant  

•    Master of Science in Taxation  

•    CPS – Certifies Post-Secondary Instructor  

•    Curriculum Development Export  

As a practicing CPA the instructor has worked with many technical accounting issues and helped work through them and discuss them with clients of all levels.  

As a CPS and professor, the instructor has taught many accounting classes and worked with many students in the fields of accounting, business, and business applications.  

The instructor also has a lot of experience designing courses and learning how students learn best and how to help students achieve their objectives. Experience designing technical courses has also benefit in being able to design a course in a logical fashion and deal with problems related to technical topics and the use of software like QuickBooks Pro.  

Content Includes:  

·         How to record the issuance of bonds

·         How to record bonds issued at a premium

·         How to record bonds issued at a discount

·         Present value (PV) Calculations Using Formulas

·         Present value (PV) Calculations Using Tables

·         Present value (PV) Calculations Excel

·         Calculate Bond Issue Price

·         How to record bond retirement

·         Description of notes payable

·         How to create an amortization table

·         Adjusting entries for notes payable

·         How to record current and long-term liabilities

·         Types of bonds and bond characteristics

·         Calculate the effective amortization method

·         Explain what a capital lease and operating lease is

·         Comprehensive accounting problem

Screenshots

Accounting-Bonds Payable, Notes Payable, Liabilities - Screenshot_01Accounting-Bonds Payable, Notes Payable, Liabilities - Screenshot_02Accounting-Bonds Payable, Notes Payable, Liabilities - Screenshot_03Accounting-Bonds Payable, Notes Payable, Liabilities - Screenshot_04

Content

Introduction

Introduction
PDF - 10 Bond & Note Payable Introduction
10 Bonds & Notes Payable Introduction
Accounting Comic Break

Bonds - Market Rate vs Contract Rate

2 Bonds Market Rate vs Contract Rate
PDF - 20 Bonds Issued at Par
20 Bond Issued at Par
PDF - 25 Bond Market Price vs Contract Rate
25 Bonds Market Rate vs Contract Rate
Excel Download
Worksheet - 20 Bond Issued at Par
Excel Download
Worksheet - 25 Bond Interest Journal Entry

Bonds Issued at Premium

3 Bonds Issued at Premium
PDF - 50 Bond Issued at Premium
50 Bond Issued at Premium
Excel Download
Worksheet - 50 Bond Issue at Premium
PDF - 60 Amortization Premium & Recording Interest
60 Premium Amortization & Interest
Excel Download
Worksheet - 55 Bond Premium and Interest Journal Entry
10 Multiple Choice Question – Long Term Liabilities
Accounting Comic Break

Bonds Issued at Discount

4 Bonds Issued at Discount
PDF - 40 Amortizing Discount & Recording Interest
PDF - 30 Bonds Issued at Discount
40 Issue bond at a discount%2C calculate%2C and record interest payment
Excel Download
Worksheet - 30 Bond Issued at Discount
Excel Download
Worksheet - 35 Bond Discount & Interest
Excel Download
Worksheet - 1400.10 Record issuance of bond at a discount amortize straight
Worksheet - 1400.20 Record issuance of bond at a discount amortize straight l
Worksheet - 1400.40 Record issuance of bond at a premium amortize straight
Worksheet - 1400.50 Record issuance of bond at a premium amortize straigh
20 Multiple Choice Question – Long Term Liabilities
Accounting Comic Break

Present Value - Bond Price

5 Present Value Bond Price
PDF - 70 Bond Present Value Formula
70 Bonds Present Value Formulas
Excel Download
Worksheet - 70 Bond Present Value Formula
PDF - 80 Bond Present Value Tables
80 Bond Present Value Tables
Excel Download
Worksheet - 80 Bond Present Value Tables
PDF - 90 Bond Present Excel Formulas
90 Bond Price Excel Formula
Excel Download
Worksheet - 90 Bond Present Value Excel
30 Multiple Choice Question – Long Term Liabilities
Accounting Comic Break

Bond Retirement

6 Bond Retirement
PDF - 100 Bond Retirement
100 Bond Retirement
Excel Download
Worksheet - 100 Bond Retirement
40 Multiple Choice Question – Long Term Liabilities
Accounting Comic Break

Notes Payable Introduction

7 Notes Payable Introduction
PDF - 110 Notes Payable Introduction
110 Notes Payable Introduction
PDF - 120 Installment Note Journal Entry
120 Note Payable Journal Entry
Excel Download
Worksheet - 120 Installment Note Initial Journal Entry
50 Multiple Choice Question – Long Term Liabilities
Accounting Comic Break

Amortization Schedule - Notes Payable

8 Amortization Schedule Notes Payable
PDF - 130 Notes Payable Amortization
130 Amortization Schedule
PDF - 140 Notes Payable Interest Payments
140 Notes Payable Payments Journal Entry
Excel Download
Worksheet - 130 Note Payable Amortization
Excel Download
Worksheet - 140 Note payable interest payments
60 Multiple Choice Question – Long Term Liabilities
Accounting Comic Break

Notes Payable Adjusting Entries

9 Notes Payable Adjusting Entries
PDF - 150 Adjusting Entry - Notes Payable
150 Notes Payable Adjusting Entry
Excel Download
Worksheet - 150 Note Payable Adjusting Entry 1
Excel Download
Worksheet - 160 Note Payable Adjusting Entry 2
70 Multiple Choice Question – Long Term Liabilities
Accounting Comic Break

Financial Statements - Long Term Liabilities

10 Financial Statements Long Term Liabilities
PDF - 170 Liabilities - Current vs Non Current
170 Notes Payable Current vs. Non Current
Excel Download
Worksheet - 170 FS St LT One Loan 1 TB Account
Excel Download
Worksheet - 180 FS St LT Loan 1 loan 2 TB Accounts
Excel Download
Worksheet - 190 FS ST LT 2 loans 1 TB account
Excel Download
Worksheet - 200 FS ST LT 2 Loans 1 ST 1 LT TB account
Excel Download
Worksheet - 210 FS ST LT 2 Loans 2 Loan Account TB
Excel Download
Worksheet - 220 FS 2 Loans 4 Accounts TB
80 Multiple Choice Question – Long Term Liabilities
Accounting Comic Break

Bond Characteristics and Types

11 Bond Characteristics and Types
PDF - 230 Bond types
230 Bond Characteristics
90 Multiple Choice Question – Long Term Liabilities
Short Calculation
Accounting Comic Break

Effective Method - Amortization Bond Discount & Premium

12 Effective Method Amortization Bond Discount & Premium
PDF - 230 Effective Interest Discount Amortization
235 Discount Amortization Effective Method
Excel Download
Worksheet - 230 Effective Interest Discount Amortization
PDF - 240 Effective Interest Premium Amortization
240 Premium Amortization Effective Method
Excel Download
Worksheet - 240 Effective Interest Premium Amortization
100 Multiple Choice Question – Long Term Liabilities
Short Calculation
Accounting Comic Break

Leases - Operating vs. Capital

13 Leases Operating vs. Capital
PDF - 250 Leases
250 Leases Capital vs. Operating
Accounting Comic Break

Comprehensive Problem

14 Comprehensive Problem
Excel Download
1 Accounting%2C Financial - Comp Prob Service Co 1 Part 1
2 Accounting%2C Financial - Comp Prob Service Co 1 Part 2
3 Accounting%2C Financial - Comp Prob Service Co 1 Part 3
4 Accounting%2C Financial - Comp Prob Service Co 1 Part 4
5 Accounting%2C Financial - Comp Prob Service Co 1 Adjusting Entries part 5
6 Comp Prob Service Co 1 Adjusting Entries part 6
7 Accounting%2C Financial - Comp Prob Service Co 1 Financial Statements part 7
8 Accounting%2C Financial - Comp Prob Service Co 1 Financial Statements part 8

Definitions & Key Terms

15 Definitions & Key Terms
Annuity Definition - What is Annuity
Bond Definition - What is Bond
Book Value of Bonds - What is Book Value of Bonds
Carrying Value of Bonds Definition - What is Carrying Value
Lease Definition - What is a Lease

Reviews

Jocelyn
February 1, 2022
I enrolled in this course because I am really clueless about the topic, but as of now I am beginning to understand it little by little.
Ivana
September 8, 2018
A great course as usual by the same instructor! It's down-to-earth (applicable to real business situations), contains all aspects to the topics being discussed, delivered in an easy-to-understand and follow way. Bob has loads of experience in these topics and is very responsive to any issues the student might have and always gives detailed answers. I found this course extremely helpful, because some of these debt-instruments are not used in my country, and as I intend to work for US clients I needed to acquire exact knowledge as to how they function. This course enabled me to achieve that. I highly recommend the course!

Charts

Price

Accounting-Bonds Payable, Notes Payable, Liabilities - Price chart

Rating

Accounting-Bonds Payable, Notes Payable, Liabilities - Ratings chart

Enrollment distribution

Accounting-Bonds Payable, Notes Payable, Liabilities - Distribution chart

Coupons

DateDiscountStatus
11/17/2019100% OFF
expired
3/29/2020100% OFF
expired
4/20/2020100% OFF
expired
4/28/2020100% OFF
expired
5/16/2020100% OFF
expired
5/29/2020100% OFF
expired
6/27/2020100% OFF
expired
7/11/2020100% OFF
expired
7/31/2020100% OFF
expired
11/29/2020100% OFF
expired
12/24/2020100% OFF
expired
1/29/2021100% OFF
expired
2/21/2021100% OFF
expired
3/23/2021100% OFF
expired
4/24/2021100% OFF
expired
5/12/202195% OFF
expired
6/29/2021100% OFF
expired
1/21/2022100% OFF
expired
1/31/2022100% OFF
expired
2/10/2022100% OFF
expired
2/17/2022100% OFF
expired
2/26/2022100% OFF
expired
3/14/2022100% OFF
expired
3/26/2022100% OFF
expired
4/1/2022100% OFF
expired
4/11/2022100% OFF
expired
4/19/2022100% OFF
expired
5/14/2022100% OFF
expired
5/23/2022100% OFF
expired
6/8/2022100% OFF
expired
6/16/2022100% OFF
expired
6/30/2022100% OFF
expired
7/10/2022100% OFF
expired
7/16/2022100% OFF
expired
8/6/2022100% OFF
expired

Related Topics

1846798
udemy ID
8/9/2018
course created date
7/2/2019
course indexed date
Bot
course submited by