About This Chapter
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
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Earning College Credit
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Other chapters within the Financial Accounting: Help and Review course
- Introduction to Accounting: Help and Review
- Financial Statements in Accounting: Help and Review
- Mechanics of the Accounting Cycle: Help and Review
- Project Evaluation & Analysis
- Preparing Financial Statements: Help and Review
- Internal Controls in Accounting: Help and Review
- Merchandising Operations and Inventory in Accounting: Help and Review
- Adjusting Accounts & Preparing Financial Statements: Help and Review
- Taxation of Business Entities
- Accounting Changes & Errors
- Classifying Costs in Accounting
- Cost Accounting Methods
- Cash Flow Statements & Disclosures
- Asset & Inventory Management
- Small Business Financing
- Small Business Accounting
- Financial Reporting