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Everything You Must Know About Long-Term Liabilities in 12 Minutes! Today, we continue going over liabilities and will look into long-term or non-current liabilities. Recommended videos: Current Liabilities • Mastering Current Liabilities in 15 Minutes! Accounting for Notes Receivable • Master Accounting for Notes Receivable lik... The Accounting Cycle: Reporting Financial Results • Understand The Accounting Cycle & Reportin... The textbook used in this video: Financial Accounting, Jan R. Williams. Publisher: McGraw-Hill. Chapter 10. Additional resources: https://www.amsa-online.com/free-reso... Timeline: 00:00 Introduction 00:37 The Nature of Liabilities 01:16 Long-Term Liabilities 01:59 Liabilities Bearing Interest 02:29 Maturing Obligations Intended to be Refinanced 02:56 Examples of Long-term Liabilities 03:16 Installment Notes Payable 03:48 Bonds Payable Overview and Interest Calculation 05:07 Types of Bonds 05:43 Loss Contingencies 06:38 Example: Prepare the Long-Term Liability Section of the Balance Sheet American Modern School of Accounting is a nonprofit online vocational school that offers several programs to help adult learners to start or advance their careers in bookkeeping and accounting. We offer the following programs: • Certificate in Computerized Accounting with QuickBooks • Certificate in Computerized Bookkeeping with QuickBooks • Certificate in Computerized Bookkeeping with QuickBooks (Budget Plan) For more information, visit our website: https://www.amsa-online.com/ #FinancialAccounting, #GAAP, #Liabilities, #TheNatureOfLiabilities, #LongTermLiabilities, #LongTermDebt, #PrincipalPayment, #InterestPayment, #MonthlyInstallments, #QuarterlyInstallments, #NoncurrentLiabilities, #RefinancingOfObligations, #InstallmentPayments, #Bonds, #BondsPayable, #StatedRate, #ContractRate, #InterestCalculation, #Intermediary, #Underwriter, #SecuritiesExchange, #BondPrice, #MortgageBonds, #DebentureBonds, #ConvertibleBonds, #JunkBonds, #LossContingencies, #Chapter10, #cpa, #cpaexam