Accounting-Bonds Payable, Notes Payable, Liabilities

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

Created by: Robert (Bob) Steele
CPA, CGMA, M.S. Tax, CPI

What Will I 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.

Requirements

• 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.

Target audience

• Accounting Students: Those pursuing undergraduate or postgraduate degrees in accounting will find this course incredibly useful. It will help solidify classroom learnings and provide practical examples to contextualize theoretical concepts.
• Aspiring Accountants: If you are preparing for an accounting certification or planning to transition into an accounting role, this course will provide comprehensive coverage of essential topics.
• Current Accounting Professionals: For those already in accounting roles seeking to expand their knowledge base, especially in bonds and liabilities, this course serves as an excellent resource. It can help enhance career progression opportunities and better equip professionals to deal with more complex accounting tasks.
• Financial Analysts and Consultants: Professionals dealing with financial analysis and consultancy can gain deeper insights into bonds payable, notes payable, and corporate liabilities, which can greatly assist in making more accurate financial assessments and recommendations.
• Entrepreneurs and Business Owners: If you're running your own business and want to gain a deeper understanding of the financial aspects, especially related to corporate liabilities, this course can provide valuable insights.