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Accounting-Bonds Payable, Notes Payable, Liabilities


Bonds payable, notes payable, and liabilities will introduce the idea of bonds from a company perspective and clarify learn how to report the issuance of bonds and notes payable.

We’ll talk about the journal entry for issuing bonds at par worth, at a reduction, and at a premium.

The course will cowl current worth calculations in a number of codecs. Current worth calculations are sometimes complicated to learners partially as a result of the subject may be launched in some ways. We’ll have a look at varied methods to calculate current worth and clarify after we would use every. We’ll calculate current values utilizing formulation and algebra, utilizing current worth tables, and utilizing Microsoft Excel capabilities.

We’ll calculate the problem worth of bonds and talk about why the problem worth usually differs from the par worth or face quantity of a bond.

The course will cowl the journal entry associated to the retirement of a bond, each at maturity and earlier than maturity.

We’ll introduce notes payable, report journal entries associated to taking out an installment be aware, and construct amortization tables associated to notes payable. Amortization tables assist us report the correct transactions when making funds on a be aware payable and likewise present us with a good suggestion of what curiosity is, how it’s calculated, and why.

This course will talk about adjusting entries that can be utilized in an accounting system to assist simplify the information entry course of.

We’ll talk about learn how to create the legal responsibility part of the stability sheet breaking out present and long-term parts. We’ll talk about totally different strategies for recording the present portion and long-term portion of installment notes.

This course will talk about several types of bonds and bond traits.

We’ll reveal totally different strategies for amortizing reductions and premiums together with the straight-line technique and efficient technique, discussing the professionals and cons of every.

This course will describe the variations between a capital lease and working lease and when a lease should be recorded as a capital lease.

We may even have a complete drawback designed to take a step again and take into consideration your entire accounting cycle.

Along with the educational movies, this course will embody downloadable  

•    Downloadable PDF Recordsdata  

•    Excel Observe Recordsdata  

•    A number of Selection Observe Questions  

•    Quick Calculation Observe Questions  

•    Dialogue Questions  

The PDF recordsdata enable us to obtain reference data we will use offline and as a information to assist us work by the fabric.  

Excel apply recordsdata shall be preformatted in order that we will deal with the adjusting course of and studying a number of the fundamentals of Excel, like addition, subtraction, and cell relationships.  

A number of selection instance query helps us enhance our test-taking expertise by decreasing the knowledge into the scale and format of a number of selection questions and discussing learn how to method these questions.  

Quick calculation questions assist us cut back issues which have some calculation all the way down to a brief format that could possibly be utilized in a number of selection questions.  

Dialogue Query will present a chance to debate these matters with the teacher and different college students, a course of many college students discover very useful as a result of it permits us to see the subject from totally different viewpoints.  

Who will we be studying from?  

You can be studying from someone who has technical expertise in accounting ideas and in accounting software program like QuickBooks, in addition to expertise instructing and placing collectively curriculum.  

You can be studying from someone who’s a:  

•    CPA – Licensed Public Accountant  

•    CGMA – Chartered World Administration Accountant  

•    Grasp of Science in Taxation  

•    CPS – Certifies Submit-Secondary Teacher  

•    Curriculum Growth Export  

As a practising CPA the teacher has labored with many technical accounting points and helped work by them and talk about them with shoppers of all ranges.  

As a CPS and professor, the teacher has taught many accounting courses and labored with many college students within the fields of accounting, enterprise, and enterprise functions.  

The teacher additionally has loads of expertise designing programs and studying how college students be taught finest and learn how to assist college students obtain their targets. Expertise designing technical programs has additionally profit in with the ability to design a course in a logical trend and take care of issues associated to technical matters and the usage of software program like QuickBooks Professional.  

Content material Consists of:  

·         How one can report the issuance of bonds

·         How one can report bonds issued at a premium

·         How one can report bonds issued at a reduction

·         Current worth (PV) Calculations Utilizing Formulation

·         Current worth (PV) Calculations Utilizing Tables

·         Current worth (PV) Calculations Excel

·         Calculate Bond Problem Worth

·         How one can report bond retirement

·         Description of notes payable

·         How one can create an amortization desk

·         Adjusting entries for notes payable

·         How one can report present and long-term liabilities

·         Kinds of bonds and bond traits

·         Calculate the efficient amortization technique

·         Clarify what a capital lease and working lease is

·         Complete accounting drawback



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