- CFA Exams
- 2021 Level I
- Study Session 8. Financial Reporting and Analysis (3)
- Reading 28. Non-current (Long-term) Liabilities
Why should I choose AnalystNotes?
Simply put: AnalystNotes offers the best value and the best product available to help you pass your exams.
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. 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. |

Thanks again for your wonderful site ... it definitely made the difference.

Craig Baugh
My Own Flashcard
No flashcard found. Add a private flashcard for the reading.
Add