多媒体中级财务会计Ⅱ周PPT课件

BondsandLong TermNotes 韩梅9 Bondsandlong termnotes Bondsatissuance债券发行P375Installmentnotes分期付款P386Convertiblebonds可转债P393Bondswithdetachablewarrants附有认股权证的债券P396Troubleddebtrestructuring债务重组P404 Bonds AtBondIssuanceDate CompanyIssuingBonds InvestorBuyingBonds RecordingBondsatIssuance OnJanuary1 2011 MasterwearIndustriesissued 700 000of12 bonds Interestof 42 000ispayablesemiannuallyonJune30andDecember31 Thebondsmatureinthreeyears TheentirebondissuewassoldinaprivateplacementtoUnitedIntergroup Inc atfaceamount AtIssuance January1 Masterwear Issuer Cash700 000Bondspayable700 000 United Investor Investmentinbonds faceamount 700 000Cash700 000 DeterminingtheSellingPrice DeterminingtheSellingPrice OnJanuary1 2011 MasterwearIndustriesissued 700 000of12 bonds datedJanuary1 InterestispayablesemiannuallyonJune30andDecember31 Thebondsmatureinthreeyears Themarketyieldforbondsofsimilarriskandmaturityis14 TheentirebondissuewaspurchasedbyUnitedIntergroup Becauseinterestispaidsemiannually thepresentvaluecalculationsuse a thesemiannualstatedrate 6 b thesemiannualmarketrate 7 and c 6 3x2 semi annualperiods Presentvalueofanordinaryannuityof 1 n 6 i 7 presentvalueof 1 n 6 i 7 BondsIssuedataDiscount Masterwear Issuer Cash666 633Discountonbondspayable33 367Bondspayable700 000 United Investor Investmentinbonds700 000Discountonbondinvestment33 367Cash666 633 DeterminingInterest EffectiveInterestMethod Interesteachperiodisrecordedastheeffectivemarketrateofinterestmultipliedbytheoutstandingbalanceofthedebt duringtheinterestperiod Interestisrecordedasexpensetotheissuerandrevenuetotheinvestor Forthefirstsix monthinterestperiodtheamountiscalculatedasfollows 666 633 14 2 46 664OutstandingBalanceEffectiveRateEffectiveInterest RecordingInterestExpense Theeffectiveinterestiscalculatedeachperiodasthemarketratetimestheamountofthedebtoutstandingduringtheinterestperiod AttheFirstInterestDate June30 Masterwear Issuer Interestexpense46 664Discountonbondspayable4 664Cash42 000 United Investor Cash42 000Discountonbondinvestment4 664Investmentrevenue46 664 700 000 12 2 42 000 666 633 14 2 46 664 46 664 42 000 4 664 BondAmortizationSchedule Hereisabondamortizationscheduleshowingthecashinterest effectiveinterest discountamortization andthecarryingvalueofthebonds 666 633 4 664 671 297 BondIssuedatPremium OnJanuary1 2011 MasterwearIndustriesissued 700 000of12 bonds datedJanuary1 InterestispayablesemiannuallyonJune30andDecember31 Thebondsmatureinthreeyears Themarketyieldforbondsofsimilarriskandmaturityis10 TheentirebondissuewaspurchasedbyUnitedIntergroup Presentvalueofanordinaryannuityof 1 n 6 i 6 presentvalueof 1 n 6 i 5 PremiumAmortizationSchedule Hereisabondamortizationscheduleshowingthecashinterest effectiveinterest premiumamortization andthecarryingvalueofthebonds 735 533 5 223 730 310 735 533 5 36 777 BondsSoldataPremium Masterwear Issuer Cash735 533Premiumonbondspayable35 533Bondspayable700 000 United Investor Investmentinbonds700 000Premiumonbondinvestment35 533Cash735 533 Interestexpenseandinterestrevenuewillberecognizedinamannerconsistentwithbondsissuedatadiscount PremiumandDiscountAmortizationCompared 1 1 11 12 31 13 700 000 735 533 666 633 PremiumAmortization DiscountAmortization WhenFinancialStatementsArePreparedBetweenInterestDates OnMar1 2011 MasterwearIndustriesissued 700 000of12 bonds InterestispayablesemiannuallyonAug31andFeb28 Thebondsmatureinthreeyears Themarketyieldforbondsofsimilarriskandmaturityis14 TheentirebondissuewaspurchasedbyUnitedIntergroupatacostof 666 633 700 000 12 2 42 000 666 633 14 2 46 664 Semi annualStatedInterest Aug31 2011EffectiveInterest WhenFinancialStatementsArePreparedBetweenInterestDates beforethesecondinterestdateofFeb28 sowemustaccrueinterestfor4monthsfromAug31toDec31 Year endaccrualofinterestexpenseandinterestincome Masterwear Issuer Interestexpense31 327Discountonbondspayable3 327Interestpayable28 000 United Investor Interestreceivable28 000Discountonbondinvestment3 327Investmentrevenue31 327 42 000 4 6 28 000 671 297 7 4 6 31 327 31 327 28 000 3 327 WhenFinancialStatementsArePreparedBetweenInterestDates OnFeb28 thenextinterestpaymentdate thefollowingentrieswouldberecorded Masterwear Issuer Interestexpense15 664Interestpayable28 000Discountonbondspayable1 664Cash42 000 Masterwear Issuer Interestexpense15 664Interestpayable28 000Discountonbondspayable1 664Cash42 000 Masterwear Issuer Interestexpense31 327Discountonbondspayable3 327Interestpayable28 000 Masterwear Issuer Interestexpense46 991Discountonbondspayable4 991Cash42 000 Long TermNotes Bank PromissoryNote NotePayable Company Borrower Property goods orservices Theliability long termnotepayable isreportedatitspresentvalue similartotheaccountingforbondspayable Long TermNotes OnJanuary1 2011 SkillGraphics Inc borrowed 700 000cashfromFirstBankandissueda3 year 700 000promissorynote Interestof 42 000waspayablesemiannuallyonJune30andDecember31 January1 AtIssuance Cash700 000long termNotepayable700 000 Long TermNotes AtEachoftheSixInterestDates AtMaturity Interestexpense42 000Cash42 000 long termNotespayable700 000Cash700 000 InstallmentNotes分期付款 Tocomputecashpaymentusepresentvaluetables Eachpaymentincludesbothaninterestamountandaprincipalamount 每一期的支付额中既包含利息 又包含本金Interestexpenseorrevenue Effectiveinterestrate OutstandingbalanceofdebtInterestexpenseorrevenuePrincipalreduction 每期偿还的本金 每期支付额 利息Cashamount InterestcomponentPrincipalreductionperperiod InstallmentNotes OnJanuary2 2011 MatrixInc boughtanequipment installmentnotefor3years 900 000wouldtobepaidonDecember31 eachyear Themarketrateofinterestis8 PreparetherequiredjournalentriesforMatrixInc Equipment2 319 390Discountonpayable380 610long termpayable 长期应付款 2 700 000 AttheleaseDate January1 InstallmentNotes InstallmentNotes InstallmentNotes OnDec31 2011 Interestexpense185 551 20Discountonpayable185 551 20long termpayable900 000Cash900 000 InstallmentNotes OnDec31 2012 Interestexpense128 395 3Discountonpayable128 395 3long termpayable900 000Cash900 000 InstallmentNotes OnDec31 2013 Interestexpense66 663 5Discountonpayable66 663 5long termpayable900 000Cash900 000 ConvertibleBonds可转换债券 Somebondsmaybeconvertedintocommonstockattheoptionoftheholder BondsintoStock Convertiblebonds Whenthecompanyissuestheconvertiblebonds thebondscanbedividedintoliabilityandequityelements 包括负债成份 该债券的现值 和权益成份 发行价格扣除负债部分 Theliabilityelementshouldberecognizedas BondsPayable 负债部分确认为应付债券Theequityelementshouldberecognizedas contributedsurplus capitalsurplus 权益部分确认为资本公积 Convertiblebonds Howtocalculatetheliabilityelementandtheequityelement Theamountofliabilityelement thepriceofthebond PVofinterest PVoffaceamount负债部分 利息的现值 面值的现值UsingeffectiveratetorecognizeexpensesTheamountofequityelement issuepriceofconvertiblebonds theamountofliabilityelement权益部分 发行价 负债部分 IFRSP395Cash103convertiblebondspayable98equity conversionoption5 Example OnJan 1 2011 BradfordCorp issued5 yearconvertiblebondsat 210 000 000 interestwaspayableannually Thefaceamountofthebondswas 200 000 000 statedratewas6 Bondscanbeconvertedintocommonstocksafter1year Theconversionpricewas 10pershare theparvalueofthestockwas 1pershare OnJan 1 2012 thebondholderconvertedallthebondsintocommonstocks Supposethemarketratewas9 Sharesofstocks faceamount conversionprice Example Theamountofliabilityelement 200 000 000 P F 9 5 200 000 000 6 P A 9 5 129 986 000 46675800 176 661 800Theamountofequityelement 210 000 000 176 661 800 33 338 200Dr Cash210 000 000Discountonbondspayable23 338 200Cr Bondspayable200 000 000Contributedsurplus others33 338 200 Example Interestexpense outstandingbalance marketrate 176 661 800 9 15 899 562interestpayment faceamount statedrate 200 000 000 6 12 000 000Dr Interestexpense15 899 562Cr cash12 000 000Discountonbondspayable3 899 562 Example Sharesofstocks faceamount conversionprice 200 000 000 10 20 000 000sharesPaid incapital sharesofstocks parvalueofstocks 20 000 000 1 20 000 000Dr Bondspayable200 000 000Contributedsurplus others33 338 200Cr Paid incapital20 000 000Discountonbondspayable19 438 638Contributedsurplus sharepremium193 899 562 ConvertibleBonds OnJanuary1 2011 HTLManufacturersissued 100 000 000of6 convertiblebonds 5years marketrateis9 Interestispaidannually Thebondsareconvertibleattheoptionoftheholderinto 1percommonstockataconversionratioof10sharesper 100bond AssumethebondholderexercisetheiroptiontoconvertthebondsintosharesofstockonJan1 2012 AtIssuance January1 2011 Cash100 000 000Discountonbondspayable11 671 800bondspayable100 000 000Contributedsurplus others11 671 800 AtIssuance January1 2011 88 328 200 9 7 949 538100 000 000 6 6 000 000Interestexpense7 949 538Discountonbondspayable1 949 538Interestpayable6 000 000 OnDec31 2011 ConvertibleBonds AssumethebondholderexercisetheiroptiontoconvertthebondsintosharesofstockonJan1 2012 bondspayable100 000 000contributedsurplus others11 671 800Paid incapital10 000 000Discountonbondspayable9 722 262contributedsurplus sharepremium91 949 538 100 000bonds 100 10shares 1par 10 000 000pervalue Bondswithdetachablewarrants Troubleddebtrestructuring债务重组 Whenchangingtheoriginaltermsofadebtagreementismotivatedbyfinancialdifficultiesexperiencedbythedebtor thenewarrangementisreferredtoasatroubleddebtrestructuring Thedebtorisinfinancialdifficulties cannotrepaythemoney Thecreditormaychangethetermsofdebtagreement reducetheamountofprincipalorreducetheamountofinterestpaymentorboth Troubleddebtrestructuring Atroubleddebtrestructuringcanbeoneofthefollowing ThedebtissettledatthetimeofrestructuringThedebtiscontinuedbutwithmodifiedterms DebtIsSettled DebtIsSettled Thedebtorshouldrecognizetwogains Gainontroubleddebtrestructuring thebookvalueofthedebt thefairvalueoftheassettransferredGainondispositionofassets thefairvalueoftheassettransferred thebookvalueoftheassettransferred DebtIsSettled EagleBoatsagreestosettleMatrixInc 1 000 000debtinexchangeforequipmenthavingafairvalueof900 000 Theinitialcostoftheequipmentis1 100 000 accumulateddepreciationis400 000 PreparethejournalentryforMatrixInc DebtIsSettled EagleBoatsagreestosettleMatrixInc 1 000 000debtinexchangeforequipmenthavingafairvalueof900 000 Theinitialcostoftheequipmentis1 100 000 accumulateddepreciationis400 000 PreparethejournalentryforMatrixIncAccountpayable1 000 000Accumulateddepreciation400 000Fixedassets equipment1 100 000Gainondispositionofassets200 000Gainondebtrestructuring100 000 Exercise EagleBoatsagreestosettleMatrixInc 1 000 000debtinexchangeforinventorieshavingafairvalueof800 000 thecostis500 000 EagleBoatshasrecorded120 000ofallowanceforuncollectibleaccounts PreparethejournalentryforMatrixInc Exercise EagleBoatsagreestosettleMatrixInc 1 000 000debtinexchangeforinventorieshavingafairvalueof800 000 thecostis500 000 EagleBoatshasrecorded120 000ofallowanceforuncollectibleaccounts PreparethejournalentryforMatrixIncAccountpayable1 000 000Salesrevenues800