Topics to be discussed:
♦ Accounting for notes payable.
♦ Common features of bonds payable and initial recognition at par value, at a discount, and at a
premium.
♦ Accounting for bonds issued at par or at a discount or premium, computation of the bond issue
price, interest expense, and amortization of the discount or premium using the effective interest
rate method.
♦ Accounting for bonds issued between interest payment dates.
♦ Accounting for bond issue costs.
♦ Accounting for bonds payable at early retirement.
♦ Accounting for convertible bonds.
♦ Accounting for warrants: detachable and non-detachable.
♦ Reclassification of financing liabilities for current maturities of long-term debt, short-term debt
expected to be refinanced, and callable obligations.
♦ Fair value option in accounting for financing liabilities.
♦ Required disclosures for financing liabilities.
Course Objectives:
Upon completion of this course participants should be able to:
1. Apply the accounting rules and procedures for notes payable, bonds and warrants.
2. Identify the required disclosures for financing liabilities.
Instructional Delivery Method: Group Live
CPE Credits: 6
P. R. Field of Study: Accounting & Auditing
NASBA Field of Study: Accounting
Pre-requisite: Basic knowledge of financial accounting.
Level: Intermediate
Who should attend: Financial auditors, internal auditors, accountants and managers, among others.
Date: July 27, 2016
Registration: 8:15am - 9:00am Seminar: 9:00am – 4:00pm
Instructor: Lolita E. Vargas De León, CPA, CISA, CIA, MIBA; Socia Principal, Grupo Nova