Financial Accounting

6.

Accounting for Liabilities and Equity

6.1.

Current Liabilities

6.1.1.

Nature and Definition

6.1.2.

Types of Current Liabilities

6.1.2.1.

Accounts Payable

6.1.2.2.

6.1.2.3.

Unearned Revenues

6.1.2.4.

Accrued Liabilities

6.1.3.

6.1.3.1.

Interest-Bearing Notes

6.1.3.2.

Non-Interest-Bearing Notes

6.1.3.3.

Interest Calculation and Recording

6.1.4.

Sales Taxes Payable

6.1.4.1.

Collection and Recording

6.1.4.2.

Remittance to Authorities

6.1.5.

Payroll Liabilities

6.1.5.1.

Employee Payroll Deductions

6.1.5.2.

Employer Payroll Taxes

6.1.5.3.

Recording Payroll

6.1.6.

Current Maturities of Long-Term Debt

6.1.7.

Contingent Liabilities

6.1.7.1.

Recognition Criteria

6.1.7.2.

Disclosure Requirements

6.2.

Long-Term Liabilities

6.2.1.

Nature of Long-Term Liabilities

6.2.2.

6.2.2.1.

6.2.2.2.

6.2.2.3.

Issuing Bonds at Face Value

6.2.2.4.

Issuing Bonds at Discount

6.2.2.4.1.

Recording Issuance

6.2.2.4.2.

Amortizing Bond Discount

6.2.2.5.

Issuing Bonds at Premium

6.2.2.5.1.

Recording Issuance

6.2.2.5.2.

Amortizing Bond Premium

6.2.2.6.

Effective Interest Method

6.2.2.7.

Straight-Line Method

6.2.2.8.

6.2.3.

Long-Term Notes Payable

6.2.3.1.

Mortgage Notes Payable

6.2.3.2.

Installment Notes Payable

6.2.4.

Lease Liabilities

6.2.4.1.

6.2.4.2.

Operating Leases

6.2.4.3.

Lease Accounting Standards

6.2.5.

Off-Balance-Sheet Financing

6.3.

Stockholders' Equity

6.3.1.

Corporate Form of Organization

6.3.1.1.

Characteristics of Corporations

6.3.1.2.

Formation of Corporations

6.3.1.3.

Stockholder Rights

6.3.2.

Stock Transactions

6.3.2.1.

Authorized vs. Issued vs. Outstanding Stock

6.3.2.2.

Par Value vs. No-Par Value Stock

6.3.2.3.

Issuing Common Stock

6.3.2.4.

Issuing Preferred Stock

6.3.3.

6.3.3.1.

Reasons for Acquiring Treasury Stock

6.3.3.2.

Purchase of Treasury Stock

6.3.3.3.

Disposal of Treasury Stock

6.3.4.

Preferred Stock

6.3.4.1.

Features of Preferred Stock

6.3.4.2.

Cumulative vs. Non-Cumulative

6.3.4.3.

Participating vs. Non-Participating

6.3.4.4.

Convertible Preferred Stock

6.3.5.

6.3.5.1.

Types of Dividends

6.3.5.2.

6.3.5.2.1.

Requirements for Payment

6.3.5.2.2.

Important Dates

6.3.5.2.3.

Recording Cash Dividends

6.3.5.3.

Stock Dividends

6.3.5.3.1.

Small Stock Dividends

6.3.5.3.2.

Large Stock Dividends

6.3.5.3.3.

Effects on Stockholders' Equity

6.3.5.4.

6.3.5.4.1.

Purpose and Effects

6.3.5.4.2.

Recording Stock Splits

6.3.6.

Retained Earnings

6.3.6.1.

Nature of Retained Earnings

6.3.6.2.

Retained Earnings Restrictions

6.3.6.3.

Prior Period Adjustments

6.3.7.

Reporting Stockholders' Equity

6.3.7.1.

Balance Sheet Presentation

6.3.7.2.

Statement of Stockholders' Equity

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7. Advanced Financial Accounting Topics