Exam review_II - OverviewofExamII...

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Overview of Exam II  Ch.13 – Classification & Contingency - Classification of current liability and others - Contingency (Warranty, Premium or coupon, litigation, and asset retirement obligation) - Subsequent event – Short-term obligations expected to be refinanced - Payroll accounting - Dividend payable - Unearned revenue - Warranty accounting & Premium accounting - Gain contingency - Financial ratios (Current ratio, Acid-test ratio) Preparation – Quiz, homework assignment Ch. 14 – Valuation of long-term liability – Bond payable and Note payable - Life of bond payable and note payable - Issuance, periodic interest payment (including amortization of premium or discount),  accrued interest, and retirement of bond payable - Accounting for cost of issuing bond payable - Different accounting  treatment of interest-bearing note payable and zero-interest- bearing note payable - Off-sheet balance financing - Financial ratios - Amortization schedule
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This note was uploaded on 01/18/2011 for the course ACC 5110 taught by Professor Lee during the Winter '10 term at Wayne State University.

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Exam review_II - OverviewofExamII...

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