PPT-Accounting for Long-Term Liabilities

Chapter 10 Copyright 2016 McGrawHill Education  All rights reserved No reproduction or distribution without the prior written consent of McGrawHill Education Wild Shaw and Chiappetta Financial amp Managerial Accounting. India Email vinodvinodkotharicom Phone 913322817715 228113742 22811276 Fax 91 33 22811276 22813742 Fax 91 33 22811276 22813742 brPage 2br copyright copyright This Presentation is the property of Vinod Kothari and no part of it can be copied reproduc Bradley J. Hilty . . Business & Information . Management Specialist. . Penn State University - Dairy Alliance . bhilty@psu.edu. . An Innovative Approach to Teaching Proper Accounting Principles and Practices to Non-Accountants. Financial Reporting mechanics. Business activities and . financial statement elements. Business . Activities. Operating. Sell products or services to generate . revenue. 1. Incur . expenses. 2. . while . Accounting, Fourth Edition. 10. Explain a current liability and identify the major types of current liabilities.. Describe the accounting for notes payable.. Explain the accounting for other current liabilities.. Financial Accounting II. Acct 312. Chapter . 6. 1. Ch-06. 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.. What is a Balance Sheet?. The . capital balance . of the farm account. Assets and Liabilities. Usually calculated at the . financial year end. Why is it useful?. Indicates longer term . financial stability. Determinable (certain) current liabilities. Operating line of credit and bank overdraft. Short-term notes payable. Sales and property taxes. Current maturities of long-term debt. Uncertain liabilities. Insurers produce financial statement prescribed by NAIC. Filed with insurance department of regulators. Based on Statutory Accounting Principles. More conservative than GAAP. SAP - . 2. Policyholders’ Surplus. 1. Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education.. Chapter 4. PowerPoint Editor:. Beth Kane, MBA, CPA. CHAPTER 13: Non-Financial and Current Liabilities. After studying this chapter, you should be able to:. Understand the importance of non-financial and current liabilities from a business perspective.. 3. 4. GASB – policy setting org that sets GAAP for state & local . govt. June 2012 – GASB imposed reforms to take effect in 2014. . Require all pension and OPEBs to be reported fully on F/S. . . SYFTET. Göteborgs universitet ska skapa en modern, lättanvänd och . effektiv webbmiljö med fokus på användarnas förväntningar.. 1. ETT UNIVERSITET – EN GEMENSAM WEBB. Innehåll som är intressant för de prioriterade målgrupperna samlas på ett ställe till exempel:. 415 Blossomwood Drive League City, Texas 77573 Phone: (281) 924 - 1452 Jean and Rob McLean were referred by the bank to the SJC - SBDC. “That was the best thing for us to do as we began investigat cost of credit. The cost of credit is the additional amount, over and above the amount borrowed, that the borrower has to pay. It includes interest, arrangement fees and any other charges. Some costs are mandatory, required by the lender as an integral part of the credit agreement..