One of the updates the AICPA made to the January 2016 CPA Exam was to adjust testing around the simplification of bond issue costs, as set out in ASU 2015-03. This free Wiley CPAexcel video lecture introduces you to Bond Accounting Principles.
In this bite-sized lecture, Professor Ervin Black of the University of Oklahoma provides a brisk overview of the basics of bond accounting, which is similar to notes payable accounting.
This lesson will provide you with a general structure for bond complications and walk you through the essential elements for solving bond problems on the CPA Exam.
In our next free lesson, we’ll go even further into the realm of bond accounting with the Deep Dive video lecture on this same topic.