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Ch 8: Current and Long-Term Liabilities in Accounting: Help and Review

About This Chapter

The Current and Long-Term Liabilities in Accounting chapter of this College Financial Accounting Help and Review course is the simplest way to master current and long-term liabilities. This chapter uses simple and fun videos that are about five minutes long, plus lesson quizzes and a chapter exam to ensure students learn the essentials of current and long-term liabilities.

Who's it for?

Anyone who needs help learning or mastering college accounting material will benefit from taking this course. There is no faster or easier way to learn college accounting. Among those who would benefit are:

  • Students who have fallen behind in understanding current liabilities or working with long-term liabilities
  • Students who struggle with learning disabilities or learning differences, including autism and ADHD
  • Students who prefer multiple ways of learning accounting (visual or auditory)
  • Students who have missed class time and need to catch up
  • Students who need an efficient way to learn about current and long-term liabilities
  • Students who struggle to understand their teachers
  • Students who attend schools without extra accounting learning resources

How it works:

  • Find videos in our course that cover what you need to learn or review.
  • Press play and watch the video lesson.
  • Refer to the video transcripts to reinforce your learning.
  • Test your understanding of each lesson with short quizzes.
  • Verify you're ready by completing the Current and Long-Term Liabilities in Accounting chapter exam.

Why it works:

  • Study Efficiently: Skip what you know; review what you don't.
  • Retain What You Learn: Engaging animations and real-life examples make topics easy to grasp.
  • Be Ready on Test Day: Use the Current and Long-Term Liabilities in Accounting chapter exam to be prepared.
  • Get Extra Support: Ask our subject-matter experts any current and long-term liabilities question. They're here to help!
  • Study With Flexibility: Watch videos on any web-ready device.

Students will review:

This chapter helps students review the concepts in a Current and Long-Term Liabilities in Accounting unit of a standard college financial accounting course. Topics covered include:

  • Known and contingent liabilities
  • Present and future value uses in measuring long-term liabilities
  • Characteristics of bonds and issuance procedures
  • Bond retirement
  • Debt-related financial ratios

12 Lessons in Chapter 8: Current and Long-Term Liabilities in Accounting: Help and Review
Bonds: Types, Characteristics and Issuing Procedures

1. Bonds: Types, Characteristics and Issuing Procedures

In this lesson, you will learn about some of the more common types of bonds and their characteristics. Bonds include: secured and unsecured bonds, term and serial bonds, registered and bearer bonds, and convertible and callable bonds.

The Advantages of Bond Financing

2. The Advantages of Bond Financing

This lesson introduces you to the basics of bond financing, important vocabulary related to bond financing, and the financial advantages to the bond issuer. You will learn why bond issuances are a great way for companies to fund large projects.

What is a Bond Indenture? - Definition & Types

3. What is a Bond Indenture? - Definition & Types

In this lesson, you'll receive an introduction to bond indenture as used in business. You'll also have the chance to look at the terms of a bond indenture for a hypothetical business owner looking to expand his chain of stores.

Capital Goods: Definition & Examples

4. Capital Goods: Definition & Examples

Capital goods are essential for the business activities of many companies. In this lesson, you'll learn what capital goods are and how they fit into the overall picture of a company.

Current Liabilities: Definition & Examples

5. Current Liabilities: Definition & Examples

Financial statements are generally focused on two categories: what you own and what you owe. In this lesson, you'll learn about current liabilities and why they are an important part of what you owe.

Liabilities in Accounting: Definition & Examples

6. Liabilities in Accounting: Definition & Examples

Every business has liabilities. In this lesson, you'll learn what liabilities are and how they fit into the overall financial picture of a business, and you'll be provided some examples.

Long-Term Debt: Definition, Cost & Formula

7. Long-Term Debt: Definition, Cost & Formula

In this lesson, we will discuss long-term debt in the accounting industry. You will learn the definition of long-term debt, common forms of long-term debt, and why it is important in the business world.

Short-Term Debt: Definition & Concept

8. Short-Term Debt: Definition & Concept

Debt is a common type of business liability. In this lesson, you'll learn what short-term debt is and how it fits into the overall financial situation of a business. You'll also have a chance to take a short quiz.

Asset Price Bubble: Definition & Model

9. Asset Price Bubble: Definition & Model

This lesson will look at the formation of asset bubbles, what they are, why they form and if certain factors can predict their occurrence. The first recorded bubble, tulip mania in 16th-century Holland and the U.S. housing bubble will be used to illustrate.

Collateralized Debt Obligations: Definition & Examples

10. Collateralized Debt Obligations: Definition & Examples

In this lesson we will define what a collateralized debt obligation is along with specific forms and terminology as well as how this type of investment works for banks and investors.

What is a Long Lived Asset? - Tangible & Intangible

11. What is a Long Lived Asset? - Tangible & Intangible

Businesses own many things that help them earn money from selling goods and services to customers. In this lesson, you will learn about tangible and intangible long-term assets.

Inheritance Tax: Definition, State & Federal

12. Inheritance Tax: Definition, State & Federal

Inheritance taxes are imposed on the heir when he or she receives property from a deceased person. As we'll see in this lesson, only a few states levy the inheritance tax; the estate tax is much more common.

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