Chapter 2 Premium Liabilities 2
Chapter 2 Premium Liabilities 2
(INTERMEDIATE
ACCOUNTING 2)
Sharon Faith P. Serra-Sumbrana, CPA, CTT, LPT
Glan Institute of Technology | Academic Year 2024-2025
ATTENDANCE - 10% QUIZ - 20% EXAM - 30 %
PRESENT, NOT LATE- 10 PTS
PRESENT, BUT LATE- 9 PTS
ABSENT, BUT W/ VALID REASON - 7 PTS
ABSENT, W/O VALID REASON - 0
PERFORMANCE TASK - 40 %
GROUP QUIZ - 20%
RECITATION - 20 %
VOLUNTARY, CORRECT - 10 PTS
VOLUNTARY, INCORRECT - 9 PTS
CALLED, CORRECT - 8 PTS
CALLED, INCORRECT - 7 PTS
PRESENT, BUT NO PARTICIPATION - 5 PTS
2
OVERVIEW
Chapter 1. Liabilities Chapter 13. Direct Financing Lease - Lessor
Chapter 2. Premium Liability Chapter 14. Sales Type Lease - Lessor
Chapter 3. Warranty Liability Chapter 15. Sale and Leaseback
Chapter 4. Provision Chapter 16. Accounting for Income Tax
Chapter 5. Bonds Payable Chapter 17. Post Employment Benefits
Chapter 6. Effective Interest Method Chapter 18. Defined Benefit Plan
Chapter 7. Compound Financial Instrument Chapter 19. Other Employee Benefits
Chapter 8. Note Payable Chapter 20-21. Shareholders’ Equity
Chapter 9. Debt Restructure Chapter 22-23. Retained Earnings
Chapter 10-11. Lessee Accounting Chapter 24-25. Share-Based Compensation
Chapter 12. Operating Lease - Lessor
SSS | A.Y 2024- 2025
3
CHAPTER 2
PREMIUM LIABILITY