Introduction
Are you looking to enhance your understanding of corporate financial obligations but find the world of bonds and notes payable daunting? Look no further! The course "Accounting-Bonds Payable, Notes Payable, Liabilities" offers a comprehensive dive into these critical areas of corporate accounting. Designed for learners eager to grasp the intricacies of recording and managing these liabilities, this course promises to demystify complex concepts and equip you with practical skills. Whether you're an aspiring CPA, an accounting student, or a business owner, the main value proposition here is clear: gain the confidence to navigate and master corporate liabilities effectively.
Course Details
Course Curriculum Overview
The curriculum is meticulously structured to cover essential topics in corporate financial obligations. Starting with bond issuance strategies, you'll learn to interpret the implications on corporate accounts when bonds are issued at par, a discount, or a premium. The course delves into present value calculations, teaching you multiple methodologies, including algebraic formulas, actuarial tables, and Microsoft Excel functions. You'll explore the factors influencing bond issue prices and understand why they often diverge from face value. Additionally, the course covers journal entries for bond retirement, both at maturity and before, as well as the construction of amortization tables for notes payable.
Key Learning Outcomes
- Interpret and analyze bond issuance strategies.
- Master present value calculations using various methods.
- Understand and calculate the issue price of bonds.
- Construct and analyze journal entries for bond retirement.
- Formulate detailed amortization tables for notes payable.
- Differentiate between current and long-term liabilities on balance sheets.
- Identify and compare various types of bonds and their characteristics.
- Apply different amortization methods for discounts and premiums on bonds.
- Distinguish between capital and operating leases and their accounting treatments.
- Develop adjusting entries to streamline accounting system data entry.
Target Audience and Prerequisites
This course is ideal for aspiring CPAs, accounting students, business owners, and anyone interested in corporate accounting. A basic understanding of accounting principles is recommended, but more importantly, a motivated learner eager to delve into corporate liabilities will thrive in this course.
Course Duration and Format
With 16 hours of on-demand video content, the course offers flexibility for learners to study at their own pace. It includes assignments and 102 downloadable resources, ensuring an interactive and comprehensive learning experience. Access to the course is available on mobile and TV, making it convenient for learners on the go.
Instructor Background
The course is taught by Robert (Bob) Steele, a seasoned educator with a wealth of experience in both academia and professional practice. Holding certifications as a CPA, CGMA, M.S. Tax, and CPS, Bob brings a rich history of curriculum development and teaching to the table. With a 4.5 instructor rating and over 933,520 students across 157 courses, his expertise is highly regarded in the field.
Benefits & Applications
Practical Skills Gained
Learners will gain hands-on experience with critical accounting tools and techniques. From mastering present value calculations to constructing amortization tables, the course equips you with the skills to handle real-world financial scenarios confidently.
Real-World Applications
The knowledge and skills acquired are directly applicable to corporate finance roles. Understanding bond issuance and retirement, as well as notes payable, is crucial for financial reporting and decision-making in any business.
Career Relevance
For aspiring CPAs and accounting professionals, this course is a stepping stone towards certification and career advancement. The ability to manage and report on corporate liabilities is a valuable asset in the accounting field.
Industry Alignment
The course aligns with current industry standards and practices, ensuring that learners are well-prepared to meet the demands of modern corporate accounting. Topics like lease accounting and bond amortization are particularly relevant given recent changes in accounting standards.
Standout Features
Unique Course Elements
One of the standout features is the use of multiple methodologies for teaching present value calculations, catering to different learning styles. Additionally, the course includes a variety of practical tools such as PDF files, Excel practice files, multiple-choice practice questions, and discussion prompts.
Learning Materials and Resources
With 102 downloadable resources, learners have access to a wealth of materials to reinforce their understanding. These include practice files and questions that allow for hands-on application of concepts.
Support Features
The course offers robust support through assignments and interactive learning tools, facilitating a deeper understanding of the material. The instructor's availability and willingness to engage with students further enhance the learning experience.
Course Updates Policy
The course content is regularly updated to reflect the latest industry standards and practices, ensuring that learners receive the most current and relevant information.
Student Success
Learning Outcomes
Students consistently report a strong understanding of bond issuance, retirement, and notes payable after completing the course. The practical exercises and real-world applications are particularly praised for their effectiveness.
Student Achievements
Many students have successfully applied the skills learned in this course to pass CPA exams and advance in their careers. The practical nature of the course has been
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