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Title: Financial Accounting: Bonds Payable
Description: Summary of accounting for Bonds Payable
Description: Summary of accounting for Bonds Payable
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Bonds Payable (BP)
- A contract of debt whereby one party (issuer) borrows funds from another party
(investor)
...
- A financial liability
...
Discount = Nominal < Effective
= Present Value < Face Value
2
...
Discount
Discount on Bonds Payable xx
Cash
2
...
Loss on retirement = Retirement Price Bonds Payable > CV of Bonds Payable
(without accrued interest)
2
...
Issue Price of CFI
Issue Price of BP without Equity
Value Assigned to Equity
xx
(xx)
xx
Bonds with Share Warrants
- Bonds with warrants to acquire a fixed number of the entity’s own equity instrument for
a fixed amount
...
- Bond Conversion Privilege Outstanding (Equity) (BCPO)
- Retirement of convertible bonds prior to maturity
Retirement Price of CFI
Retirement Price of BP without Equity
Value Assigned to Equity
xx
(xx)
xx
CV of BP retired
Retirement Price of BP without Equity
Gain/(Loss) on Retirement (P/L)
xx
(xx)
xx/(xx)
CV of BCPO
Value Assigned to Equity
Share Premium/(Equity)
xx
(xx)
xx/(xx)
Title: Financial Accounting: Bonds Payable
Description: Summary of accounting for Bonds Payable
Description: Summary of accounting for Bonds Payable