Liabilities and Equity Larry M. Walther; Christopher J. Skousen

Larry M. Walther; Christopher J. Skousen Liabilities and Equity Download free books at Download free eBooks at bookboon.com 2 Liabilities and Equity © 2009 Larry M. Walther, under nonexclusive license to Christopher J. Skousen & Ventus Publishing ApS. All material in this publication is copyrighted, and the exclusive property of Larry M. Walther or his licensors (all rights reserved). ISBN 978-87-7681-489-2 Download free eBooks at bookboon.com Click on the ad to read more Liabilities and Equity 3 Contents 6 7 7 7 9 11 14 14 15 15 17 17 18 21 22 23 23 24 24 26 Contents Part. 1 Current Liabilities and Employer Obligations 1. Current Liabilities 1.1 The Operating Cycle 1.2 Illustrations of Typical Current Obligations 2. Notes Playable 2.1 A Few Words About Interest Calculations that May Save You Some Money 3. Contingent Liabilities 3.1 Accounting for Contingent Liabilities 3.2 Timing of Events 3.3 Warranty Costs 4. Payroll 4.1 Gross Earnings 4.2 Net Earnings 4.3 The Journal Entry for Payroll 4.4 Employer Payroll Taxes and Contributions 4.5 Annual Reports 4.6 Accurate Payroll Systems 5. Other Components of Employee Compensation 5.1 Pension Plans 5.2 Other Post Retirement Benefi ts www.sylvania.com We do not reinvent the wheel we reinvent light. Fascinating lighting offers an infinite spectrum of possibilities: Innovative technologies and new markets provide both opportunities and challenges. An environment in which your expertise is in high demand. Enjoy the supportive working atmosphere within our global group and benefit from international career paths. Implement sustainable ideas in close cooperation with other specialists and contribute to influencing our future. Come and join us in reinventing light every day. Light is OSRAM Download free eBooks at bookboon.com Click on the ad to read more Liabilities and Equity 4 Contents Part. 2 Long-Term Obligations 6. Long-Term Notes 6.1 How do I Compute the Payment on a Note? 6.2 Future Value 6.3 Present Value 6.4 Annuities 6.5 Returning to the Original Question 6.6 A Few Final Comments on Future and Present Value 7. Bond Payable 8. Accounting for Bonds Payable 8.1 Bond Issued at Par 8.2 Bond Issued at Premium 8.3 Bond Issued at a Discount 9. Affective-Interest Amortization Methods 9.1 The Premium Illustration 9.2 The Discount Illustration 10. Bonds Issued Between Interest Dates and Bond Retirement 10.1 Year-end Interest Accruals 10.2 Bonds may be Retired Before Scheduled Maturity 11. Analysis, Commitments, Alternative Financing Arrangements, Leases, and Fair Value Measurements 11.1 Contractual Commitments and Alternative Financing Arrangements 11.2 Capital Leases 27 28 29 29 30 31 31 34 36 38 41 41 44 46 46 47 49 50 50 52 53 53 360° thinking . © Deloitte & Touche LLP and affiliated entities. Discover the truth at www.deloitte.ca/careers