WESEL JANGKA PANJANG - MAPEL AKUNTANSI KEUANGAN KELAS XII SMK AKUNTANSI

Summary

This video from the Mas'ud channel provides an in-depth explanation of long-term debt in accounting, distinguishing it from short-term debt based on repayment periods. It covers the three main types: long-term notes payable, bonds payable, and mortgage debt, detailing their definitions, characteristics, and practical examples. The video also guides viewers through the accounting processes for issuing notes, calculating interest expenses, discount amortization, and recording installment payments. Using clear examples, including equal and unequal installment methods and present value calculations, the video equips students with the skills to understand, calculate, and journalize long-term debt transactions effectively.

Takeaways

• 😀 Long-term debt is debt expected to be repaid in more than one year or one operating cycle of a company.
• 😀 Short-term debt has a repayment period of less than one year and is used for routine transactions like trade debt, interest, and salaries.
• 😀 Long-term debt is typically used for investment purposes, such as expanding company branches or building new factories.
• 😀 There are three main types of long-term debt: long-term notes payable, bonds payable, and mortgage debt.
• 😀 Long-term notes payable can be interest-bearing or non-interest-bearing, and may involve special notes or secured notes backed by assets.
• 😀 Bonds payable are acknowledgments of debt issued by a company, promising interest payments without pledging assets.
• 😀 Mortgage debt involves loans secured by immovable assets like land or buildings, which can be sold by the lender if the borrower defaults.
• 😀 Risks of long-term debt include increasing debt over time, limited funds, corporate responsibility, and potential negative impact on stock value.
• 😀 Accounting for long-term notes includes issuance at par value or discount, calculating interest expense, amortizing discounts, and recording payments.
• 😀 Installments for notes payable can be structured as equal or unequal payments, with interest calculated based on remaining principal and present value tables used for equal installments.
• 😀 Journal entries for long-term debt involve debiting notes payable for principal, debiting interest expense, and crediting cash for payments made.