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Intermediate Accounting 1 - MODULE 4

This module covers intermediate accounting topics related to bonds, including the nature and measurement of bonds. It discusses acquiring bonds held for trading and measuring bonds at amortized cost. It also covers the straight-line and bonds outstanding methods for amortizing bond discounts and premiums. The intended learning outcomes are for students to understand bond nature and measurement, bond investment accounting, and how to apply methods to amortize discounts and premiums. The module suggests assessing students' understanding through theory questions and problem solving exercises from the relevant chapter.

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43 views

Intermediate Accounting 1 - MODULE 4

This module covers intermediate accounting topics related to bonds, including the nature and measurement of bonds. It discusses acquiring bonds held for trading and measuring bonds at amortized cost. It also covers the straight-line and bonds outstanding methods for amortizing bond discounts and premiums. The intended learning outcomes are for students to understand bond nature and measurement, bond investment accounting, and how to apply methods to amortize discounts and premiums. The module suggests assessing students' understanding through theory questions and problem solving exercises from the relevant chapter.

Uploaded by

kakimog738
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Intermediate Accounting 1 - MODULE 4

Content Standards: A comprehensive discussion about the nature of the bond, and it’s initial and subsequent
measurement.
Declarative Knowledge:
 Explanation about the acquisition of bond investment held for trading and the measurement of bond
investment at amortized cost.
 Explanation about the acquisition of bond investment held for trading and the measurement of bond
investment at amortized cost.
 Demonstration of the concept of the straight-line method of amortizing bond discount and premium.
 Application of the concept of bonds outstanding method of amortizing discount and premium.
Functional Knowledge:
 Explaining the nature of the bond and its initial and subsequent measurement.
 Discussing the acquisition of bond investment held for trading and the measurement of bond investment
at amortized cost.
 Understanding the concept of the straight line method of amortizing bond discount and premium.
 Applying the concepts of bonds outstanding method of amortizing discount and premium.
Intended Learning Outcome:
 Understand the nature of the bond and its initial and subsequent measurement.
 Know the acquisition bond investment held for trading and the measurement of bond investment at
amortized cost.
 Apply the concept of the straight-line method in amortizing the bond discount and premium.
 Demonstrate the concepts of bonds outstanding method of amortizing discount and premium.
Suggested Teaching/ Learning Activities:
 Chapter assessment theory questions and problem solving.
Chapter 21: Reclassification of Financial Asset
Instruction: Read Chapter 21 and answer the following questions.
1. True or False. PFRS 19, paragraph 4.4.1, provides that an entity shall reclassify financial assets only when it
changes the business model for managing the financial assets. Reclassification is also applied prospectively
from the reclassification date as per paragraph 5.6.1.
2. What are the three EXEMPTIONS from reclassification?
3. Enumerate the financial assets that can be reclassified.

Reference:
1. Intermediate Accounting 1, 2019 ed. – Conrado T. Valix, Jose F. Peralta and Christian Aris M. Valix

Assessment Quiz after Chapter 21 Discussion.

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