[the LAST Coffee]

It’s easy to account for one bond.

How do you account for multiple bonds at different maturity dates (some premiums, some discounts)?

I thought the easy way would be to group them by maturity date (1 years, 5 years) and net the premiums and discounts and what that is, gets amortized. That’d be the easy thing to do if all the rates were the same…

Any ideas? Do corporations really just account each bond separately? Seems tedious.

FAR 84 (AUG '15)
BEC 83 (AUG '15)
AUD 79 (OCT '15)
REG 71, 78! (NOV '15, FEB '16)

[greg2015]

You have to keep track of them separately by individual bond series. All bonds within a series were issued on a particular date, have the same maturity and the same interest rate. At most, Companies may have a couple dozen bond series outstanding, so tracking them individually isn't really a difficult thing to do. Bonds and other long-term debt don't have as much turnover as shorter term borrowings, so it's not like there are thousands of bonds to keep track of. You can set up a schedule for the bonds once in Excel and then it will be done.

AUD: 99
FAR: 95
BEC: 89
REG: 87

AICPA Ethics: 91

Licensed Illinois CPA

[mw798]

You have to account for each separately and it's not difficult at all. Not to mention, you would surely fail an audit by your external auditors if you were to group all the bonds into one

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