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CHAPTER 5 - FINANCIAL LIABILITIES - Coggle Diagram
CHAPTER 5 - FINANCIAL LIABILITIES
Option to Measure a Financial Liability at Fair Value through Profit or Loss
Troubled debt Restructing
Asset Swap
Equity Swap
Modification of Debt Terms
Premium and Discount Amortization
When the Bond Tear Does Not Coincide with the Reporting Period
Effective Interest Method
Retirement of Bonds
Bonds Refunding
Bonds with Equity Characteristics
Convertible Bonds
Serial Bonds
Definition and Nature of Liabilities
Essential Characteristics of Liability
(1)
Present Obligation
(2)
Past event
(3)
Transfer of an Economic Resource
Legal Obligation
Constructive Obligation
(a)
Payment of
Cash
(b)
Transfer of Other
Assets
(c)
Provision of
Services
(d)
Replacement of an Obligation with another Obligation
Accounting for Specific Financial Liabilities
Accounts Payable
Methods of Accounting for Cash Discounts
Gross Method
Net Method
Notes Payable
Note Bearing a Realistic Interest Rate
Long-term Notes - Principal and Interest are Payable Periodically
Long-term Notes - Principal Matures in Lump Sum, Interest is Payable Periodically
Note Bearing an Unrealistic Interest Rate
Short-term Note - Stated Rate of Note is More than the Market Rate
Short-term Note - Stated Rate of Note is Less than the Market Rate
Long-Term Notes with Unrealistic Interest Rate
Bonds Payable
Nature of Bonds
Types of Bonds
Term Bonds and
Serial Bonds
Secured Bonds and Unsecured Bonds
Registered Bonds and Bearer (or Coupon) Bonds
Callable Bonds and Convertible Bonds
Zero-Interest Bonds
Issuance of Bonds
Accrued Interest on Bonds Issued
Transaction Cost on Issue of Bonds