4.50 (49 reviews)
☑ 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
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
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
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!
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Expired | 11/17/2019 | 100% OFF | ||
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