m********9 发帖数: 116 | 1 FSA要看不完了。。。。这个discount bond哪位大侠给说说?书上明确说,公司发行折
扣债券是有利于CFO的,因为CFO会比发行par value债券高。
公司发行折扣债券,导致CFO提高,并且interest expense小了,是因为coupon paymen
t小于发行par value bond的公司的interest expense???
请问会计分录是怎么做的?
发行时:
Dr proceeds
bond discount
Cr bond at par
每一期付息时的分录到底是如何的?是这样吗?
Dr interest expense
Cr bond discount amortization
coupon payment
那么实际利息费用应该大于coupon payment呀?这样的话Net income应该小吧? CFO应
该小吧? 有点糊涂了? 请问究竟应该如何看? |
OE 发帖数: 369 | 2 compared with par bond, discount bond has lower coupon rate ---> lower
coupon payment ---> all coupon payment is in CFO as interest expense --->
overstate CFO.
in this case, coupon payment = the interest expense in income statement (
this is accurate interest expense) - amortized discount |
m********9 发帖数: 116 | 3 我明白coupon payment = the interest expense on Income Statement - amortized
discount,那么这样岂不是Net income用interest expense 算的,所以NI低估了?CFO
是从NI着手算的,那么也应该是低估了?想不通啊。。。。。
【在 OE 的大作中提到】![](/moin_static193/solenoid/img/up.png) : compared with par bond, discount bond has lower coupon rate ---> lower : coupon payment ---> all coupon payment is in CFO as interest expense ---> : overstate CFO. : in this case, coupon payment = the interest expense in income statement ( : this is accurate interest expense) - amortized discount
|
f*****e 发帖数: 7 | 4 现金流只与coupon有关,coupon相对于interest expense被understate了,cfo就over
了吧
有现金之间的关系,你就不用从NI去推了吧 |