TAILIEUCHUNG - Lecture Intermediate accounting (Volume 1, IFRS edition): Chapter 14 - Kieso, Weygandt, Warfield

Chapter - Non-current liabilities. After completing this chapter you should be able to: Describe the formal procedures associated with issuing long-term debt, identify various types of bond issues, describe the accounting valuation for bonds at date of issuance, apply the methods of bond discount and premium other contents. | C H A P T E R 14 NON-CURRENT LIABILITIES Intermediate Accounting IFRS Edition Kieso, Weygandt, and Warfield Describe the formal procedures associated with issuing long-term debt. Identify various types of bond issues. Describe the accounting valuation for bonds at date of issuance. Apply the methods of bond discount and premium amortization. Explain the accounting for long-term notes payable. Describe the accounting for the extinguishment of non-current liabilities. Describe the accounting for the fair value option. Explain the reporting of off-balance-sheet financing arrangements. Indicate how to present and analyze non-current liabilities. Learning Objectives Bonds Payable Long-Term Notes Payable Special Issues Issuing bonds Types and ratings Valuation Effective-interest method Notes issued at face value Notes not issued at face value Special situations Mortgage notes payable Extinguishments Fair value option Off-balance-sheet financing Presentation and analysis Long-Term Liabilities Bonds Payable Non-current liabilities (long-term debt) consist of an expected outflow of resources arising from present obligations that are not payable within a year or the operating cycle of the company, whichever is longer. LO 1 Describe the formal procedures associated with issuing long-term debt. Examples: Bonds payable Long-term notes payable Mortgages payable Pension liabilities Lease liabilities Long-term debt has various covenants or restrictions. Issuing Bonds LO 1 Describe the formal procedures associated with issuing long-term debt. Bond contract known as a bond indenture. Represents a promise to pay: sum of money at designated maturity date, plus periodic interest at a specified rate on the maturity amount (face value). Paper certificate, typically a $1,000 face value. Interest payments usually made semiannually. Used when the amount of capital needed is too large for one lender to supply. Types and Ratings of Bonds LO 2 Identify various types of bond issues. Common .

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• Intermediate accounting
• Lecture Intermediate accounting
• Non current liabilities
• Bonds payable
• Long term notes payable
• Special issues
• Financial Accounting
• Accounting process
• Accounting equation
• Accounting processing cycle
• Stock issuance
• Estimating reserves
• Liquidating dividends
• Accounting changes
• Error corrections
• Accounting choices
• Theoretical structure
• Accrual accounting
• Financial accounting environment
• Accounting for leases
• Leasing environment
• Accounting by lessee
• Special accounting problems
• Cash versus accrual accounting
• International standard setting
• Accounting standards
• Accounting assists
• The challenges facing accounting
• Income taxes
• Accounting for income taxes
• Deferred tax liabilities
• Error analysis
• Accounting policy
• Accounting estimate
• Accounting policies
• Financial reporting
• Accounting information system
• Measurement issues
• Characteristics of accounting
• Capital allocation process