Learning Outcome Statements
| 1. Accounting for Bond Issuance, Bond Amortization, Interest Expense, and Interest Payments a. determine the initial recognition, initial measurement and subsequent measurement of bonds; b. describe the effective interest method and calculate interest expense, amortisation of bond discounts/premiums, and interest payments; | |
| 2. Current Market Rates and Fair Value Reporting Option a. determine the initial recognition, initial measurement and subsequent measurement of bonds; b. describe the effective interest method and calculate interest expense, amortisation of bond discounts/premiums, and interest payments; | |
| 3. Derecognition of Debt c. explain the derecognition of debt; | |
| 4. Debt Covenants d. describe the role of debt covenants in protecting creditors; | |
| 5. Presentation and Disclosure of Long-Term Debt e. describe the financial statement presentation of and disclosures relating to debt; | |
| 6. Advantages of Leasing f. explain motivations for leasing assets instead of purchasing them; | |
| 7. Lease Classification g. distinguish between a finance lease and an operating lease from the perspectives of the lessor and the lessee; | |
| 8. Accounting and Reporting by the Lessee h. determine the initial recognition, initial measurement, and subsequent measurement of finance leases; i. compare the disclosures relating to finance and operating leases; | |
| 9. Accounting and Reporting by the Lessor h. determine the initial recognition, initial measurement, and subsequent measurement of finance leases; i. compare the disclosures relating to finance and operating leases; | |
| 10. Defined Contribution and Defined Benefit Pension Plans j. compare the presentation and disclosure of defined contribution and defined benefit pension plans; | |
| 11. Leverage and Coverage Ratios k. calculate and interpret leverage and coverage ratios. |