# Accounting-Bonds Payable, Notes Payable, Liabilities

Accounting for bonds and notes payable including the recording of bond discount and premium, present value calculations.

Language: english

Note: 4.8/5 (127 notes) 40,097 students

Instructor(s): Robert (Bob) Steele

Last update: 2019-06-05

## What you’ll learn

• How to record the issuance of bonds
• How to record bonds issued at a primium
• How to record bonds issued at a discount
• Present value (PV) Calculations Using Formulas
• Present value (PV) Calculations Using Tables
• Present value (PV) Calculations Excel
• Calculate Bond Issue Price
• How to record bond retirement
• Description of notes payable
• How to create an amortization table
• Adjusting entries for notes payable
• How to record current and long term liabilities
• Types of bonds and bond characteristics
• Calculate the effective amortization method
• Explain what a capital lease and operating lease is
• Comprehensive accounting problem

## Requirements

• We should have a basic understanding of financial accounting and debits and credits

## Description

Bonds payable, notes payable, and liabilities will introduce the concept of bonds from a corporate perspective and explain how to record the issuance of bonds and notes payable.

We will discuss the journal entry for issuing bonds at par value, at a discount, and at a premium.

The course will cover present value calculations in multiple formats. Present value calculations are often confusing to learners partially because the topic can be introduced in many ways. We will look at various ways to calculate present value and explain when we would use each. We will calculate present values using formulas and algebra, using present value tables, and using Microsoft Excel functions.

We will calculate the issue price of bonds and discuss why the issue price often differs from the par value or face amount of a bond.

The course will cover the journal entry related to the retirement of a bond, both at maturity and before maturity.

We will introduce notes payable, record journal entries related to taking out an installment note, and build amortization tables related to notes payable. Amortization tables help us record the proper transactions when making payments on a note payable and also provide us with a good idea of what interest is, how it is calculated, and why.

This course will discuss adjusting entries that can be used in an accounting system to help simplify the data entry process.

We will discuss how to create the liability section of the balance sheet breaking out current and long-term portions. We will discuss different techniques for recording the current portion and long-term portion of installment notes.

This course will discuss different types of bonds and bond characteristics.

We will demonstrate different methods for amortizing discounts and premiums including the straight-line method and effective method, discussing the pros and cons of each.

This course will describe the differences between a capital lease and operating lease and when a lease must be recorded as a capital lease.

We will also have a comprehensive problem designed to take a step back and think about the entire accounting cycle.

•    Excel Practice Files

•    Multiple Choice Practice Questions

•    Short Calculation Practice Questions

•    Discussion Questions

The PDF files allow us to download reference information we can use offline and as a guide to help us work through the material.

Excel practice files will be preformatted so that we can focus on the adjusting process and learning some of the basics of Excel, like addition, subtraction, and cell relationships.

Multiple choice example question helps us improve our test-taking skills by reducing the information into the size and format of multiple choice questions and discussing how to approach these questions.

Short calculation questions help us reduce problems that have some calculation down to a short format that could be used in multiple choice questions.

Discussion Question will provide an opportunity to discuss these topics with the instructor and other students, a process many students find very helpful because it allows us to see the topic from different viewpoints.

Who will we be learning from?

You will be learning from somebody who has technical experience in accounting concepts and in accounting software like QuickBooks, as well as experience teaching and putting together curriculum.

You will be learning from somebody who is a:

•    CPA – Certified Public Accountant

•    CGMA – Chartered Global Management Accountant

•    Master of Science in Taxation

•    CPS – Certifies Post-Secondary Instructor

•    Curriculum Development Export

As a practicing CPA the instructor has worked with many technical accounting issues and helped work through them and discuss them with clients of all levels.

As a CPS and professor, the instructor has taught many accounting classes and worked with many students in the fields of accounting, business, and business applications.

The instructor also has a lot of experience designing courses and learning how students learn best and how to help students achieve their objectives. Experience designing technical courses has also benefit in being able to design a course in a logical fashion and deal with problems related to technical topics and the use of software like QuickBooks Pro.

Content Includes:

·         How to record the issuance of bonds

·         How to record bonds issued at a premium

·         How to record bonds issued at a discount

·         Present value (PV) Calculations Using Formulas

·         Present value (PV) Calculations Using Tables

·         Present value (PV) Calculations Excel

·         Calculate Bond Issue Price

·         How to record bond retirement

·         Description of notes payable

·         How to create an amortization table

·         Adjusting entries for notes payable

·         How to record current and long-term liabilities

·         Types of bonds and bond characteristics

·         Calculate the effective amortization method

·         Explain what a capital lease and operating lease is

·         Comprehensive accounting problem

## Who this course is for

• Accounting students
• Anyone who whats to learn accounting

## Course content

• Introduction
• Introduction
• PDF – 10 Bond & Note Payable Introduction
• 10 Bonds & Notes Payable Introduction
• Discussion Question
• Accounting Comic Break
• Bonds – Market Rate vs Contract Rate
• 2 Bonds Market Rate vs Contract Rate
• PDF – 20 Bonds Issued at Par
• 20 Bond Issued at Par
• PDF – 25 Bond Market Price vs Contract Rate
• 25 Bonds Market Rate vs Contract Rate
• Worksheet – 20 Bond Issued at Par
• Worksheet – 25 Bond Interest Journal Entry
• 20 Discussion Question – Long Term Liabilities
• 3 Bonds Issued at Premium
• PDF – 50 Bond Issued at Premium
• 50 Bond Issued at Premium
• Worksheet – 50 Bond Issue at Premium
• PDF – 60 Amortization Premium & Recording Interest
• 60 Premium Amortization & Interest
• Worksheet – 55 Bond Premium and Interest Journal Entry
• 10 Multiple Choice Question – Long Term Liabilities
• 30 Discussion Question – Long Term Liabilities
• Accounting Comic Break
• Bonds Issued at Discount
• 4 Bonds Issued at Discount
• PDF – 40 Amortizing Discount & Recording Interest
• PDF – 30 Bonds Issued at Discount
• 40 Issue bond at a discount%2C calculate%2C and record interest payment
• Worksheet – 30 Bond Issued at Discount
• Worksheet – 35 Bond Discount & Interest
• Worksheet – 1400.10 Record issuance of bond at a discount amortize straight
• Worksheet – 1400.20 Record issuance of bond at a discount amortize straight l
• Worksheet – 1400.40 Record issuance of bond at a premium amortize straight
• Worksheet – 1400.50 Record issuance of bond at a premium amortize straigh
• 20 Multiple Choice Question – Long Term Liabilities
• 40 Discussion Question – Long Term Liabilities
• Accounting Comic Break
• Present Value – Bond Price
• 5 Present Value Bond Price
• PDF – 70 Bond Present Value Formula
• 70 Bonds Present Value Formulas
• Worksheet – 70 Bond Present Value Formula
• PDF – 80 Bond Present Value Tables
• 80 Bond Present Value Tables
• Worksheet – 80 Bond Present Value Tables
• PDF – 90 Bond Present Excel Formulas
• 90 Bond Price Excel Formula
• Worksheet – 90 Bond Present Value Excel
• 30 Multiple Choice Question – Long Term Liabilities
• 50 Discussion Question – Long Term Liabilities
• Accounting Comic Break
• Bond Retirement
• 6 Bond Retirement
• PDF – 100 Bond Retirement
• 100 Bond Retirement
• Worksheet – 100 Bond Retirement
• 40 Multiple Choice Question – Long Term Liabilities
• 60 Discussion Question – Long Term Liabilities
• Accounting Comic Break
• Notes Payable Introduction
• 7 Notes Payable Introduction
• PDF – 110 Notes Payable Introduction
• 110 Notes Payable Introduction
• PDF – 120 Installment Note Journal Entry
• 120 Note Payable Journal Entry
• Worksheet – 120 Installment Note Initial Journal Entry
• 50 Multiple Choice Question – Long Term Liabilities
• 70 Discussion Question – Long Term Liabilities
• Accounting Comic Break
• Amortization Schedule – Notes Payable
• 8 Amortization Schedule Notes Payable
• PDF – 130 Notes Payable Amortization
• 130 Amortization Schedule
• PDF – 140 Notes Payable Interest Payments
• 140 Notes Payable Payments Journal Entry
• Worksheet – 130 Note Payable Amortization
• Worksheet – 140 Note payable interest payments
• 60 Multiple Choice Question – Long Term Liabilities
• 80 Discussion Question – Long Term Liabilities
• Accounting Comic Break
• 9 Notes Payable Adjusting Entries
• PDF – 150 Adjusting Entry – Notes Payable
• 150 Notes Payable Adjusting Entry
• Worksheet – 150 Note Payable Adjusting Entry 1
• Worksheet – 160 Note Payable Adjusting Entry 2
• 70 Multiple Choice Question – Long Term Liabilities
• 90 Discussion Question – Long Term Liabilities
• Accounting Comic Break
• Financial Statements – Long Term Liabilities
• 10 Financial Statements Long Term Liabilities
• PDF – 170 Liabilities – Current vs Non Current
• 170 Notes Payable Current vs. Non Current
• Worksheet – 170 FS St LT One Loan 1 TB Account
• Worksheet – 180 FS St LT Loan 1 loan 2 TB Accounts
• Worksheet – 190 FS ST LT 2 loans 1 TB account
• Worksheet – 200 FS ST LT 2 Loans 1 ST 1 LT TB account
• Worksheet – 210 FS ST LT 2 Loans 2 Loan Account TB
• Worksheet – 220 FS 2 Loans 4 Accounts TB
• 80 Multiple Choice Question – Long Term Liabilities
• 100 Discussion Question – Long Term Liabilities
• Accounting Comic Break
• Bond Characteristics and Types
• 11 Bond Characteristics and Types
• PDF – 230 Bond types
• 230 Bond Characteristics
• 90 Multiple Choice Question – Long Term Liabilities
• Short Calculation
• 110 Discussion Question – Long Term Liabilities
• Accounting Comic Break
• Effective Method – Amortization Bond Discount & Premium
• 12 Effective Method Amortization Bond Discount & Premium
• PDF – 230 Effective Interest Discount Amortization
• 235 Discount Amortization Effective Method
• Worksheet – 230 Effective Interest Discount Amortization
• PDF – 240 Effective Interest Premium Amortization
• 240 Premium Amortization Effective Method
• Worksheet – 240 Effective Interest Premium Amortization
• 100 Multiple Choice Question – Long Term Liabilities
• Short Calculation
• 120 Discussion Question – Long Term Liabilities
• Accounting Comic Break
• Leases – Operating vs. Capital
• 13 Leases Operating vs. Capital
• PDF – 250 Leases
• 250 Leases Capital vs. Operating
• Accounting Comic Break
• Comprehensive Problem
• 14 Comprehensive Problem
• 1 Accounting%2C Financial – Comp Prob Service Co 1 Part 1
• 2 Accounting%2C Financial – Comp Prob Service Co 1 Part 2
• 3 Accounting%2C Financial – Comp Prob Service Co 1 Part 3
• 4 Accounting%2C Financial – Comp Prob Service Co 1 Part 4
• 5 Accounting%2C Financial – Comp Prob Service Co 1 Adjusting Entries part 5
• 6 Comp Prob Service Co 1 Adjusting Entries part 6
• 7 Accounting%2C Financial – Comp Prob Service Co 1 Financial Statements part 7
• 8 Accounting%2C Financial – Comp Prob Service Co 1 Financial Statements part 8
• Definitions & Key Terms
• 15 Definitions & Key Terms
• Annuity Definition – What is Annuity
• Bond Definition – What is Bond
• Book Value of Bonds – What is Book Value of Bonds
• Carrying Value of Bonds Definition – What is Carrying Value
• Lease Definition – What is a Lease

Natural Language Processing [Coursera]

Time remaining or 951 enrolls left

 Don’t miss any coupons by joining our Telegram group