Ch 8: Current and Long-Term Liabilities in Accounting Lesson Plans

About This Chapter

The Current and Long-Term Liabilities chapter of this course is designed to help you plan and teach the students in your classroom about terms such as bond financing and contingent liabilities. The video lessons, quizzes and transcripts can easily be adapted to provide your lesson plans with engaging and dynamic educational content. Make planning your course easier by using our syllabus as a guide.

Weekly Syllabus

Below is a sample breakdown of the Current and Long-Term Liabilities chapter into a 5-day school week. Based on the pace of your course, you may need to adapt the lesson plan to fit your needs.

Day Topics Key Terms and Concepts Covered
Monday Current and Long-Term Liabilities: Definition and Characteristics;
Known Liabilities: Definition and Examples;
How to Account for Estimated Liabilities
The characteristics of each form of liability;
An exploration of payroll liabilities, accounts payable, unearned revenues and other terms;
The procedures for accounting for health care, pensions, vacation pay and other benefits
Tuesday Contingent Liabilities: Definition and Examples;
Measuring Long-Term Liabilities
A look at liabilities that are associated with uncertain circumstances;
Determining the worth of annuities and exploring the future value of long-term liabilities
Wednesday Accounting for Long-Term Liabilities;
Bonds: Types, Characteristics and Issuing Procedures
Accounting for mortgages and notes that bear interest;
Various kinds of bonds and how they can be obtained
Thursday The Advantages of Bond Financing;
Determining a Bond's Issuance Price
An explanation of terms such as par of value of a bond and bonds payable;
A discussion of this process
Friday Issuing Bonds at a Discount or Premium;
How to Record the Retirement of Bonds;
Using Debt-Related Financial Ratios
Calculating bond premium amortization;
Definition of bond retirement and an explanation of recording procedures;
Ratios that are used to assess a company's debts and determine if it can meet its financial obligations

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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