Advanced Financial Reporting - Long-term Liabilities

with Antoniya Baltova

4.9/5

(56)

This in-depth course encompasses the theory and practical applications of accounting and reporting for non-current obligations, including bonds, loans, pension plans, and leases. You will learn to construct a debt amortization schedule, calculate interest rates, and analyze various solvency metrics.

1 hour 11 lessons

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11 High Quality Lessons

0 Practical Tasks

1 Hour of Content

Certificate of Achievement

Course Overview

Solvency ratios measure a firm’s ability to meet its liabilities in the long term. A company may be liquid and profitable in the short run, but unable to meet its non-current obligations; this puts its sustainability at risk. In this Advanced Financial Reporting – Long-Term Liabilities course, we teach you how to record and analyze non-current liabilities. We discuss in detail bonds, loans, leases, debt covenants, and pension plans. We will talk about the accounting treatment of non-current liabilities under various accounting standards, such as IFRS and GAAP, and how they impact the financial statements of a company. We will also examine disclosures required in the financial statements related to non-current liabilities and how to analyze various solvency ratios. You will learn the relevant debt terminology and see what a debt amortization schedule looks like. By the end of the course, you will be able to calculate a loan’s effective interest rate, coupon payments, and outstanding balances. Sign up now to master your financial reporting skills and take you finance career to the next level!

Topics covered

Excelfinancial analysisFinancial ReportingIFRS

What You'll Learn

In this Advanced Financial Reporting – Long-Term Liabilities course, we cover:

Types of long-term liabilities

Recognition and measurement of bonds

Constructing a bond’s amortization schedule

Calculating a loan’s effective interest rate

Accounting for leases from the lessor’s and lessee’s perspective

The difference between defined benefit and defined contribution plans

Curriculum

Introduction Free

2 Lessons 9 Min

In the first section, you will meet your instructor and get acquainted with the course structure. Next, we cover important debt terminology that appears throughout the following sections of the course.

What does the course cover Free

Introduction to Debt Terminology Free
Recognition and Measurement of Long-term Debt

5 Lessons 31 Min

In this section of the Advanced Financial Reporting – Long-Term Liabilities course, we go over the accounting entries that companies make when taking long-term loans. We demonstrate how bonds are initially recorded and subsequently measured through real-life cases. We also describe the role of debt covenants and examine various examples of positive and negative covenants.

Debt Securities - Measurement and Recognition Free

Debt Securities - Measurement and Recognition (Practical Example)

Calculating Interest Rates

Types of Debt Covenants

Presentation and Disclosure of Non-current Liabilities
Introduction to Leases and Pension Plans

4 Lessons 24 Min

In the final lessons of the Advanced Financial Reporting – Long-Term Liabilities course, we present lease accounting and recognition from the lessee's and the lessor’s perspectives. Lastly, you will learn the difference between a defined benefit and defined contribution plans and why companies choose one or the other.

Motivations for Leasing Assets

Lease Accounting from the Lessee's Perspective

Lease Accounting from the Lessor's Perspective

Types of Pension Plans