Accounting-Bonds Payable, Notes Payable, Liabilities

Mastering Corporate Liabilities: An In-depth Guide to Bonds, Notes Payable, and Other Financial Obligations

4.05 (160 reviews)
Udemy
platform
English
language
Other
category
Accounting-Bonds Payable, Notes Payable, Liabilities
48,306
students
16 hours
content
Jun 2019
last update
$64.99
regular price

What you will learn

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.

Description

Welcome to this course, where we delve deep into the intricacies of corporate financial obligations. This comprehensive course introduces you to the world of bonds and notes payable from a corporate perspective, providing you with a clear understanding of the recording and issuance of such liabilities.

We kick-start our journey by exploring how to record the issuance of bonds, whether they're issued at par value, a discount, or a premium. Discover how present value calculations, often a challenging area for many learners, can be mastered through multiple methods. We'll guide you through calculations using formulas and algebra, present value tables, and the convenient functionalities of Microsoft Excel.

Our in-depth coverage continues as we explore how to calculate the issue price of bonds and understand why it often differs from the par or face value. We'll also examine the journal entries related to the retirement of a bond, both at its maturity and before.

Next, we'll delve into the concept of notes payable, including how to record journal entries for installment notes and construct relevant amortization tables. These tools will provide you with a robust understanding of what interest is, how it is calculated, and why it matters.

This course is designed not just to teach, but also to simplify. We'll show you how to use adjusting entries in an accounting system to streamline data entry and demonstrate how to create the liability section of the balance sheet, distinguishing between current and long-term portions.

Our exploration of the world of bonds will reveal various types of bonds and their characteristics. We'll demonstrate different methods for amortizing discounts and premiums, considering the pros and cons of each approach. The course also distinguishes between capital leases and operating leases, clarifying when a lease must be recorded as a capital lease.

The course is interspersed with practical tools including PDF files, Excel practice files, multiple-choice practice questions, short calculation practice questions, and thought-provoking discussion questions. These resources facilitate an interactive learning environment, allowing you to apply your new knowledge, improve test-taking skills, and engage in meaningful dialogues with fellow students.

You'll be learning from a Certified Public Accountant (CPA), Chartered Global Management Accountant (CGMA), Master of Science in Taxation, Certified Post-Secondary Instructor (CPS), and a curriculum development expert. With a rich history in both academia and professional practice, your instructor brings a wealth of knowledge and experience to this course.

Whether you're an aspiring CPA, an accounting student, a business owner, or simply a curious mind, this course aims to equip you with the knowledge and skills to confidently navigate the complexities of corporate liabilities. So, join us on this insightful journey and take a step closer to mastering corporate accounting!

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

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

Reviews

Sujana
July 12, 2023
I am a commerce student this course was very helpful for accounting students.It might can increase our knowledge to know more about it.
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!

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1846798
udemy ID
8/9/2018
course created date
7/2/2019
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