Accounting-Bonds Payable, Notes Payable, Liabilities

Delve into the world of corporate financial obligations with this comprehensive course on bonds and notes payable. Gain a clear understanding of how to record and issue liabilities from a corporate perspective.

This course starts with mastering bond issuance, covering scenarios where bonds are issued at par value, a discount, or a premium. You'll learn to calculate present value using formulas, algebra, present value tables, and practical Microsoft Excel applications – a skill essential for any aspiring accountant.

Understand how to calculate the issue price of bonds and why it can differ from the par or face value. We’ll also walk you through the journal entries for bond retirement, both at maturity and before maturity.

Next, explore notes payable, including how to record installment notes and construct effective amortization tables. Learn about interest calculation and its significance in financial reporting.

This course simplifies complex concepts, demonstrating how to use adjusting entries to streamline data entry and build the liability section of the balance sheet, differentiating between current and long-term liabilities.

Explore various types of bonds and their characteristics. We'll demonstrate different methods for amortizing discounts and premiums, analyzing the advantages and disadvantages of each. Furthermore, we’ll clarify the distinction between capital leases and operating leases, and when a lease should be recorded as a capital lease.

Enhance your learning with practical resources:

• PDF files for easy reference
• Excel practice files for hands-on application
• Multiple-choice practice questions to test your knowledge
• Short calculation practice questions for skill development
• Discussion questions to foster engagement

Learn from an experienced instructor holding certifications as a CPA, CGMA, Master of Science in Taxation, CPS, and a curriculum development expert. With a strong background in both academia and professional practice, you'll benefit from a wealth of knowledge.

Whether you're an aspiring CPA, an accounting student, a business owner, or simply seeking to expand your financial knowledge, this course equips you with the skills to confidently manage corporate liabilities. Join us and master corporate accounting!