#### Learning Outcome Statements

My Note:

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