Đang chuẩn bị liên kết để tải về tài liệu:
Lecture Intermediate accounting (13th edition): Chapter 14 - Kieso Weygandt, Warfield

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 amortization.and other contents. | C H A P T E R 14 LONG-TERM LIABILITIES Intermediate Accounting 13th 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. Describe the accounting for the extinguishment of debt. Explain the accounting for long-term notes payable. Explain the reporting of off-balance-sheet financing arrangements. Indicate how to present and analyze long-term debt. Learning Objectives 1. On the topic, “Challenges Facing Financial Accounting,” what did the AICPA Special Committee on Financial Reporting suggest should be included in future financial statements? Non-financial Measurements (customer satisfaction indexes, backlog information, and reject rates on goods purchases). Forward-looking Information Soft Assets (a company’s know-how, market dominance, marketing setup, well-trained employees, and brand image). Timeliness (no real time financial information) Bonds Payable Long-Term Notes Payable Reporting and Analyzing Long-Term Debt Issuing bonds Types and ratings Valuation Effective-interest method Costs of issuing Extinguishment Notes issued at face value Notes not issued at face value Special situations Mortgage notes payable Off-balance-sheet financing Presentation and analysis Long-Term Liabilities Service Cost - Actuaries compute service cost as the present value of the new benefits earned by employees during the year. Future salary levels considered in calculation. Interest on Liability - Interest accrues each year on the PBO just as it does on any discounted debt. Actual Return on Plan Assets - Increase in pension funds from interest, dividends, and realized and unrealized changes in the fair market value of the plan assets. Amortization of Unrecognized Prior Service Cost - The cost of providing retroactive benefits is allocated to pension expense in the . | C H A P T E R 14 LONG-TERM LIABILITIES Intermediate Accounting 13th 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. Describe the accounting for the extinguishment of debt. Explain the accounting for long-term notes payable. Explain the reporting of off-balance-sheet financing arrangements. Indicate how to present and analyze long-term debt. Learning Objectives 1. On the topic, “Challenges Facing Financial Accounting,” what did the AICPA Special Committee on Financial Reporting suggest should be included in future financial statements? Non-financial Measurements (customer satisfaction indexes, backlog information, and reject rates on goods purchases). Forward-looking Information Soft Assets (a company’s know-how, market dominance, marketing setup, well-trained .