- CFA Exams
- 2022 Level I
- Study Session 7. Financial Reporting and Analysis (3)
- Reading 24. Non-current (Long-term) Liabilities
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Learning Outcome Statements PDF Download
| 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. Accounting for Bonds at Fair Value 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 f. explain motivations for leasing assets instead of purchasing them; | |
| 8. Accounting and Reporting by the Lessee g. explain the financial reporting of leases from a lessee's perspective; | |
| 9. Accounting and Reporting by the Lessor h. explain the financial reporting of leases from a lessor's perspective; | |
| 10. Defined Contribution and Defined Benefit Pension Plans i. compare the presentation and disclosure of defined contribution and defined benefit pension plans; | |
| 11. Leverage and Coverage Ratios j. calculate and interpret leverage and coverage ratios. |
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