财务会计教程10E全套配套课件亨格瑞 Accrual Accounting and Financial Statements_9.ppt

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1、LiabilitiesandInterestCHAPTER9LearningObjectives(LO)Afterstudyingthischapter,youshouldbeabletoAccountforcurrentliabilitiesMeasureandaccountforlong-termliabilitiesAccountforbondissuesovertheirentirelifeValueandaccountforlong-termleaseobligationsEvaluatepensionsandotherpostretirem

2、entbenefitsInterpretdeferredtaxliabilitiesUseratioanalysistoassessacompany’sdebtlevelsComputeandinterpretpresentandfuturevalues2of66LO1–CurrentLiabilitiesLiabilities=currentobligationstopaycashortoprovidegoodsandservicesinthefutureasaresultofpasttransactionsoreventsLong-termliab

3、ilitiesarethosethatfallduemorethan1yearbeyondthebalancesheetdateReclassifyportionduenextyearasacurrentliabilityCurrentliabilitiesareobligationsthatfallduewithin1yearorthenormaloperatingcycle,iflongerUsemanyspecificledgeraccountsintherecordsCombinedinto“accruedliabilities”whenrep

4、orted“Accrue”–tobuildupovertime3of66LO1–CurrentLiabilitiesAccountspayableBuyinggoods/servicesfromsuppliersoncreditLargeoutflowofmoneyjustifiescomprehensivedocumentationandstronginternalcontrolsovertheentireprocessPurchaseorder-specifiesthequantitiesandpricesofitemsorderedReceivi

5、ngreport-indicatesthatthecompanyreceivedthegoodsInvoice-thebillfromthesellerTheabovearematchedandauthorizationtopayshouldprecededisbursementofcash4of66LO1–CurrentLiabilitiesNotesPayablePromissorynote-writtenpromisetopayaloan’sprincipalandinterestwhendueCommercialpaper-adebtcontr

6、actissuedbyprominentcompaniesthatborrowsfundsdirectlyfrominvestors(shorterthan9monthpaybackperiod)Lineofcredit–apredeterminedmaximumamountacompanycanborrowwithoutadditionalcreditcheckingMayormaynotbeused5of66LO1–CurrentLiabilitiesAccountsPayable-exampleSupplyExpense100Merchandis

7、eInventory200AccountsPayable300AccountsPayable300Cash300NotesPayable-exampleCash400NotesPayable400NotesPayable400Interestexpense10Cash4106of66LO1–CurrentLiabilitiesCompensation-Assume1)a$100,000monthlypayroll,2)companywithholds$15,000forincometaxesand$7,000forSocialSecuritytaxes

8、theemployeeisexpectedtopayfromhis/hersalary.7of