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】
: 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 |
