CPAnet Forum: Help! Long-Term Liabilities/Bonds Payable

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Topic: Help! Long-Term Liabilities/Bonds Payable (

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OnRoad2FLCPA
Major Contributor

Joined: 18 Sep 2009
Online Status: Offline
Posts: 406

Posted: 12 Oct 2009 at 20:17 \| IP Logged

Hi all,

I am currently studying with Becker (F5 / Long-Term Liabilities & Bonds Payable) and I am having such a hard time grasping the material. I am not understanding it at ALL. I need help. Are there any suggestions as to how to approach this topic. Thanks!

__________________
BEC: 08/24/09 - 75 | AUD: 02/26/10 - 79 | FAR: 11/23/09 - 67, 05/28/10 - 81 | REG: 08/27/10 - 75

wildgirl1979
Major Contributor

Joined: 10 Aug 2009
Location: United States
Online Status: Offline
Posts: 1506

Posted: 13 Oct 2009 at 11:26 \| IP Logged

Becker did the SAME exact thing to me... I was so confused. Yaeger than broke it down by journal entries, and it makes it seem SO LESS confusing. Try to look at the problems, and consider the journal entries that would be made by the seller/buyer for the question being asked. If you break it down by the journal entry, you can usually get your answer. Also T-accounts. Does Becker teach that?!?

__________________
AUD 60,69,72,68,88
FAR 59,68,70, 82
REG 68,72,79
BEC 56,69,70,76

Trying to figure out life after exam...

Winks1139
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Joined: 15 Oct 2009
Location: United States
Online Status: Offline
Posts: 14

Posted: 15 Oct 2009 at 14:17 \| IP Logged

OnRoad2FLCPA,

Maybe I will be able to help out. What exactly is hanging you up? I am currently studying for FAR but between the 2 of us, we might beable to help each other out. I will definitely try my best.

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"Be Strong and Courageous.....For the Lord your God will be with you Wherever you go." Joshua 1:9

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