Accounting for Bonds ON DEMAND
Available Until
Your Desk
1.0 Credits
Member Price $29.00
Non-Member Price $33.00
Overview
An organization that sells bonds to investors must deal with a variety of transactions. In this course, we cover the accounting for every possible event, including the initial bond issuance, interest payments, the amortization of discounts or premiums, and the eventual redemption of bonds. We also address several related topics, including the effective interest method, how to account for convertible bonds, and dealing with bonds issued between interest payment dates.
Highlights
Accounting for bonds. The effective interest method. Bond interest expense. The bond covenant.
Prerequisites
None.
Designed For
CPAs, CEOs, CFPs, and other accounting professionals.
Objectives
Identify the contents of a bond certificate and bond agreement. Specify how bond accounts are classified in the issuer’s accounting records. Recall how a bond discount or premium is amortized. Specify how the effective interest method works.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Steven Bragg, Western CPE
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast.
Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with Deloitte & Touche. He holds an MBA from Babson College, a Master of Finance from Bentley College, and a BA from the University of Maine (summa cum laude).
Non-Member Price $33.00
Member Price $29.00