We think you have liked this presentation. If you wish to download it, please recommend it to your friends in any social system. Share buttons are a little bit lower. Thank you!
Presentation is loading. Please wait.
Published byPhillip Jones
Modified about 1 year ago
© Prentice-Hall of India Private Limited, All rights reserved.1 Financial Accounting: A Managerial Perspective Second Edition Prepared by R. Narayanaswamy Indian Institute of Management Bangalore
© Prentice-Hall of India Private Limited, All rights reserved.2 Liabilities Chapter 9
© Prentice-Hall of India Private Limited, All rights reserved.3 Liabilities in Perspective Defining liabilities Classification of liabilities Current and long-term liabilities Secured and unsecured liabilities The Companies Act, Schedule VI presentation Chapter 9
© Prentice-Hall of India Private Limited, All rights reserved.4 Current Liabilities Classification Definite liabilities Estimated liabilities Definite liabilities Bills payable Sales tax payable Current portions of long-term debt Interest accrued but not due on loans Chapter 9
© Prentice-Hall of India Private Limited, All rights reserved.5 Current Liabilities continued Estimated liabilities Income tax Product warranties Dividends payable When is dividend payable? Chapter 9
© Prentice-Hall of India Private Limited, All rights reserved.6 Contingent Liabilities Defining contingent liabilities Examples Bills discounted Disputed tax demands Product liability suits Demands for increase in wages Accounting treatment Recognition Disclosure Chapter 9
© Prentice-Hall of India Private Limited, All rights reserved.7 Long-term Liabilities Why long-term liabilities? Examples Debentures Lease liabilities Pension liabilities Deferred tax liabilities Deferred tax assets Long-term liabilities and current liabilities Duration Legal formalities Chapter 9
© Prentice-Hall of India Private Limited, All rights reserved.8 Debentures Payable Debenture or bond Underwriter Debenture trust deed Debenture trustee Covenants Characteristics of debentures Secured and unsecured debentures Registered and unregistered debentures Term and serial debentures Chapter 9
© Prentice-Hall of India Private Limited, All rights reserved.9 Debentures Payable continued Characteristics of debentures continued Convertible debentures Callable bonds Zero-coupon bonds Debenture ratings Chapter 9
© Prentice-Hall of India Private Limited, All rights reserved.10 Accounting for Debentures Debentures issued at face value Debenture prices and interest rates Debentures issued at a discount Debentures issued at a premium Amortisation of debenture discount and premium Straight-line amortisation Effective interest amortisation Chapter 9
© Prentice-Hall of India Private Limited, All rights reserved.11 Other Problems in Accounting for Debentures Payable Debentures issued between interest dates Year-end accrual of debenture interest expense Debenture issue expenses Chapter 9
© Prentice-Hall of India Private Limited, All rights reserved.12 Debentures: Retirement, Conversion and Redemption Retirement Conversion Redemption Debenture redemption fund Chapter 9
© Prentice-Hall of India Private Limited, All rights reserved.13 Other Long-term Liabilities Mortgages payable Leases Finance leases Operating leases Pensions and other post-retirement benefits Defined contribution plans Defined benefit plans Chapter 9
© Prentice-Hall of India Private Limited, All rights reserved.14 Deferred Tax Liabilities Taxable income and accounting profit Why they differ? Permanent differences and temporary differences (timing differences) Examples of temporary differences Depreciation Effect of disallowance Section 43 B of the Income Tax Warranty provisions Chapter 9
© Prentice-Hall of India Private Limited, All rights reserved.15 Deferred Tax Liabilities Understanding the effect of tax deferral Depreciation Measuring and recognising deferred tax liability Measuring and recognising deferred tax asset Chapter 9
© Prentice-Hall of India Private Limited, All rights reserved.16 Off-Balance Sheet Financing What is off-balance sheet financing? Why do managers like off-balance sheet financing? Transfer of receivables with recourse Product financing arrangement Unconditional purchase obligation In-substance defeasance Financial instruments Chapter 9
REVISED SCHEDULE VI OF COMPANIES ACT,1956 [Section 211]
Chapter 9--Learning Objectives 1.Explain the recognition and measurement issues associated with investments.
Chapter 20 Long-Term Debt 20.1 Long Term Debt: A Review 20.2 The Public Issue of Bonds 20.3 Bond Refunding 20.4 Bond Ratings 20.5 Some Different Types.
+ SECTIONS IFRS on SME’s CERA.CRUZ.MACARAIG.RODRIGUEZ.TAN.
Sources and Forms of Long-Term Financing Chapter 16.
B S R & Co. Revised Schedule VI Key changes and issues 22 April 2012.
ACG 2021 Financial Accounting Current & Long-Term Liabilities.
TRANS HINDON CPE STUDY CIRCLE of circ of icai Saturday, MAY 12, 2012 SEMINAR ON NEW SCHEDULE VI TO THE COMPANIES ACT,1956 CA. Gopal Ji Agrawal B.COM LLB.
Copyright 2007 McGraw-Hill Australia Pty Ltd PPTs t/a McGraths Financial Institutions, Instruments and Markets 5e by Viney Slides prepared by Anthony Stanger.
REVISED SCHEDULE VI BALANCE SHEET AS PER COMPANIES ACT 1956.
1 Provisions, contingent assets and contingent liabilities – IAS 37 Week 5 MN20018.
20.1 Van Horne and Wachowicz, Fundamentals of Financial Management, 13th edition. © Pearson Education Limited Created by Gregory Kuhlemeyer. Chapter.
Chapter 12 Auditing Cash and other Liquid Assets.
20-0 McGraw-Hill Ryerson © 2003 McGraw–Hill Ryerson Limited Corporate Finance Ross Westerfield Jaffe Sixth Edition 20 Chapter Twenty Long-Term Debt Prepared.
Ratio Analysis Ratio Analysis: A Ratio: is defined as an arithmetical/quantitative/numerical relationship between two numbers. Ratio analysis is a very.
Revised Schedule VI – Case Studies. Current and non-current presentation – Assets 2 Expected to be realized in, or is intended for sale or consumption.
CHAPTER 12 NONCURRENT (LONG-TERM) LIABILITIES Presenter’s name Presenter’s title dd Month yyyy.
When money earns interest on interest, it is said to be compounding.
Electronic Presentations in Microsoft ® PowerPoint ® Prepared by James Myers, C.A. University of Toronto © 2010 McGraw-Hill Ryerson Limited Chapter 7,
READING & UNDERSTANDING FINANCIAL STATEMENTS. March 2006 Session Objectives Learn techniques to better understand financial statements Understanding.
Development of a Mongolian MBS Market Workshop on Housing Finance 28th June 2011 Presented by Jim France.
CA. Mahendra Mehta CA Mahendra Mehta 1. These are personal views of the author and shall neither be considered as professional advise nor be constructed.
© 2003 The McGraw-Hill Companies, Inc. All rights reserved. Short-Term Finance and Planning Chapter Eighteen.
A.K.Sharma Corporate Accounting A.K.Sharma, DGM(F&A) Advanced Level Telecom Training Centre Ghaziabad.
7 0 Interest Rates and Bond Valuation. 1 Key Concepts and Skills Know the important bond features and bond types Know the important bond features and.
Module D Final Accounts covering Final Accounts CA R. C. Joshi B.Com(Hons.),FCA,LL.B.CAIIB.
Soft solutions for those who can’t afford to make errors. “A Summary on Revised Schedule VI & XBRL” Service begins here…..
Accounting Principles Second Canadian Edition Prepared by: Carole Bowman, Sheridan College Weygandt · Kieso · Kimmel · Trenholm.
McGraw-Hill/Irwin Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved. Chapter 17 Accounting for Income Taxes.
Short-Term Financial Planning Principles of Corporate Finance Seventh Edition Richard A. Brealey Stewart C. Myers Slides by Matthew Will Chapter 30 McGraw.
© 2016 SlidePlayer.com Inc. All rights reserved.