BUS 321 Study Guide - Midterm Guide: London Agreement On German External Debts, Most Bus, Ob River

• School: Simon Fraser University
• Department: Business Administration
• Course: BUS 321
• Professor: simonsuwanyangyuan

Document Summary

Int exp is recorded over life of note (so no i/p: borro(cid:449)er re(cid:272)ei(cid:448)es the (cid:374)ote"s pv i(cid:374) (cid:272)ash, pa(cid:455)s (cid:271)a(cid:272)k the larger (cid:373)aturit(cid:455) (cid:448)alue, types of n/p: s/t or l/t, interest-bearing or non-interest bearing, for interest bearing: Cash: current maturities of l/t debt = current l/t debt, matures within 12mon from sfp and record as cl. If going to be retired by a accumulated for this purpose, =/= incl as cl (classify lia as nc: no ca used & no cl created to repay the maturing lia. Lia that is / will be due on demand (callable by creditor) = callable debt, classified as cl: nc lia becoming current lia due to the violation of debt agreement for callable debt. Ifrs: debt due within 12mon. from reporting date = cl, unless @ sfp, company has intent & right to refinance w/l/td or to roll it over under existing agreement for min. Recoverable < payable) or ca (dr recoverable > payable)