Non-Current Liabilities Unraveled for the CFA Level 1 Exam

Are you ready to decode the mysterious world of non-current liabilities? We’ve got your back! This article will guide you through the key aspects of non-current liabilities and help you sail smoothly toward your CFA Level 1 Exam. Let’s get started!

Bonds I

Step into the fascinating world of bonds and learn how they work! In this lesson, we’ll dive into bond issuance, including the key components of a bond, the financial statement effects when issued at par, discount, or premium, and bond amortization methods. Soon enough, you’ll be able to analyze and interpret bond-related financial statements like a pro!

►Unleash your inner bond expert here.

Bonds II

Ready to bond with bonds even more? In part 2 of our series, we’ll explore issuance costs, how they’re treated under US GAAP and IFRS, the fair value reporting option, and the ins and outs of debt covenants. Plus, we’ll break down the presentation and disclosures required on financial statements.

► Impress everyone with your bond knowledge here.

Leases

Grab your snorkel, we’re diving into the deep waters of lease accounting! This lesson will guide you through the maze of finance and operating leases, why companies prefer leasing over purchasing, and how these leases show up on balance sheets. And because we love a good plot twist, we’ll also tackle the differences in lease accounting under IFRS and US GAAP.

► Take the plunge into lease accounting here.

Pensions Plans

Get ready to explore the pension plan universe! In this lesson, you’ll learn the ins and outs of defined contribution plans and defined benefit plans, as well as the financial reporting requirements for both. It’s like a wild pension party, but without the cake!

► Dive into pension plans and their financial reporting requirements by clicking here.

Solvency Ratios

In this enlightening escapade, we’ll tackle solvency ratios, exploring the wild jungles of debt ratios and the high peaks of coverage ratios. As we trek, we’ll learn how these ratios gauge a firm’s capacity to fulfil its long-term liabilities. You’ll uncover the secrets of debt-to-assets, debt-to-capital, and debt-to-equity ratios, among others. Our journey will then take us through the terrain of coverage ratios, revealing how they reflect a company’s ability to handle its obligations via its income stream.

► Grab your hiking gear and let’s conquer the world of solvency ratios here.