Accounting for Bonds

Master the full lifecycle of bond accounting and handle every transaction accurately. This course guides you through initial issuance, periodic interest payments, discount and premium amortization, and bond redemption. You will apply the effective interest method, account for convertible bonds, and address bonds issued between interest dates. Gain the technical skills needed to record complex debt transactions correctly and ensure financial statements reflect bond activity in compliance with accounting standards.
Format

PDF Course

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Duration

1 Hour

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Course Information

Author: Steven Bragg
Course Number: AC1154

Learning Objectives
  • Identify the contents of a bond certificate and bond agreement.
  • Specify how bond accounts are classified in the issuer’s accounting records.
  • Recall how a bond discount or premium is amortized.
  • Specify how the effective interest method works.

Level: Overview
Instructional Method: QAS Self-Study
NASBA Category: Accounting
Prerequisites: None
Advance Preparation: None
Latest Review Date: August 2024
Program Registration Requirements: Click on the Enroll button to pay for and access the course. You will then be able to download the course as a PDF file, then take an on-line examination, and then download a certificate of completion if you pass the examination.
Program Refund Policy: For more information regarding administrative policies concerning complaints, refunds, and other matters, see our policies page.

AccountingTools, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
The NASBA sponsor identification number for Accountingtools, Inc. is 115881.

AccountingTools is an IRS Approved Continuing Education Provider. We are compliant with the requirements for continuing education providers (as described in sections 10.6 and 10.9 of the Department of Treasury’s Circular No. 230 and in other IRS guidance, forms, and instructions). Our IRS Approved Continuing Education Provider number is 72821.