Level I CFA: Non-current (Long-Term) Liabilities-Lecture 2

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This is Reading 28 for the 2021 exam.
This CFA exam prep video lecture covers:
Issuance costs
Derecognition of debt
Debt covenants
Presentation and disclosure of long-term debt

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Thank you very much. These videos are incredibly clear. Don't know what i would do without you!

matthewparker
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Thanks so much for these videos Sir! The explanation is concise and clear. Helps a lot!

autismo
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Hi IFT team, please note that there is a contradiction in this video. At 0:30 you mentioned that both IFRS and US GAAP have converged and are reporting the amount of the sales proceeds net of issuance costs, but at 13:00 you go back and separate them and deal with them differently. Can you please clarify?

HomsyTeddy
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Hey IFT Support team, in the example at 7:42 you mention that the book value of the bond today is above par, If the current rate that the market demands is 9% and the coupon is 8.5%, how is the bond going to be traded at above par? Why do we consider the effective rate of the bond, present value discounting should happen on the basis of prevalent discount rates right and not the Effective discount rate? and so the solution should be below par, right?
Please clarify
Thanks!

abhishekshetty
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Hi,

shouldn't the Gain from bonds' redemption be = Book value - Redemption price ?

Thanks and keep up the good work

from France

bountchitchi
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hi team are these still updated for the 2020 dec l1

katrick