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  • IFA CMA Exam Question Solutions on Non-Current Liabilities

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    Kamrul Hassan
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    The document discusses solutions to exam questions about non-current liabilities related to bonds and notes payable, including the differences and similarities between traditional bonds and Sukuk bonds, accounting treatments for bond issuance costs and premiums/discounts, and classification of current and non-current portions of bonds payable. Sample questions and answers are provided on topics like accounting for bond transactions, bond valuation, and financial statement presentation of bonds payable.

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    Non-Current Liabilities (Bond)

    Original Title

    Non-Current Liabilities (Bond & Notes Payable)(Ch-14) CMA Questions & Solutions

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    The document discusses solutions to exam questions about non-current liabilities related to bonds and notes payable, including the differences and similarities between traditional bonds and Sukuk bonds, accounting treatments for bond issuance costs and premiums/discounts, and classification of current and non-current portions of bonds payable. Sample questions and answers are provided on topics like accounting for bond transactions, bond valuation, and financial statement presentation of bonds payable.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    19 views15 pages

    IFA CMA Exam Question Solutions on Non-Current Liabilities

    Uploaded by

    Kamrul Hassan
    The document discusses solutions to exam questions about non-current liabilities related to bonds and notes payable, including the differences and similarities between traditional bonds and Sukuk bonds, accounting treatments for bond issuance costs and premiums/discounts, and classification of current and non-current portions of bonds payable. Sample questions and answers are provided on topics like accounting for bond transactions, bond valuation, and financial statement presentation of bonds payable.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 15

    IFA CMA Exam Question Solution

    Topics: Ch-14: Non-Current Liabilities (Bond & Notes Payable)

    CMA MAY-2022, 5(a)

    Solution-5(a):

    A Sukuk Bond is a sharia-compliant bond like instruments used in Islamic finance.


    Sukuk bonds distribute periodic coupon payments (either at a fixed or floating rate).
    At the end of this period, known as maturity date, issuers pay back the money raised
    from investors, known as the principal.

    Similarities:

     Both provide investors with payment streams.


     Both are issued to investors and may be used to raise capital for a firm.
     Both are considered to be safer investments than equities.
     Sukuk Bond investors receive profit generated by the underlying asset on a
    periodic basis while Traditional Bond investors receive periodic interest
    payments.

    Dissimilarities:

     Sukuk Bond involves asset ownership while Traditional Bonds are debt
    obligations.
     If the asset backing a Sukuk Bond appreciates then the sukuk bond can
    appreciate whereas Traditional Bond yield is strictly due to its interest rate.
     Assets that back sukuk bond are halal whereas traditional bonds are often riba
    and may finance non sharia compliant businesses or fuel speculation.
     Sukuk Bond valuation is based on the value of the assets backing them while a
    Traditional Bonds price is largely determined by its credit rating.
    CMA MAY-2022, 5(b)/JUNE-2018, 5(b)/Keiso E14-9
    IFA CMA Exam Question Solution
    Topics: Ch-14: Non-Current Liabilities (Bond & Notes Payable)

    Solution-5(b)/E14-9:

    CMA JANUARY-2022, 7(a)/Keiso E14-15


    IFA CMA Exam Question Solution
    Topics: Ch-14: Non-Current Liabilities (Bond & Notes Payable)

    Solution-7(a)/E14-15:

    CMA JANUARY-2022, 7(b)

    Solution-7(b):
    IFA CMA Exam Question Solution
    Topics: Ch-14: Non-Current Liabilities (Bond & Notes Payable)

    CMA NOVEMBER-2021, 5(b)/Keiso P14-7

    Solution-5(b)/P14-7:
    IFA CMA Exam Question Solution
    Topics: Ch-14: Non-Current Liabilities (Bond & Notes Payable)

    CMA JUNE-2020, 5(b)/ CMA JUNE-2017, 5(a)/Keiso P14-5


    IFA CMA Exam Question Solution
    Topics: Ch-14: Non-Current Liabilities (Bond & Notes Payable)

    Solution-5(b)/5(a)/P14-5:

    CMA DECEMBER-2019, 4(c)


    IFA CMA Exam Question Solution
    Topics: Ch-14: Non-Current Liabilities (Bond & Notes Payable)

    Solution-4(c):
    IFA CMA Exam Question Solution
    Topics: Ch-14: Non-Current Liabilities (Bond & Notes Payable)

    CMA APRIL-2019, 3(b)

    Solution-3(b):
    IFA CMA Exam Question Solution
    Topics: Ch-14: Non-Current Liabilities (Bond & Notes Payable)

    CMA DECEMBER-2018, 5(c)

    Solution-5(c):
    IFA CMA Exam Question Solution
    Topics: Ch-14: Non-Current Liabilities (Bond & Notes Payable)
    IFA CMA Exam Question Solution
    Topics: Ch-14: Non-Current Liabilities (Bond & Notes Payable)

    CMA DECEMBER-2017, 5(c)

    Solution-5(c):
    IFA CMA Exam Question Solution
    Topics: Ch-14: Non-Current Liabilities (Bond & Notes Payable)

    CMA JUNE-2017, 5(a)/JUNE-2020, 5(b)/Keiso P14-5

    Solution-5(a)/5(b)/P14-5:
    IFA CMA Exam Question Solution
    Topics: Ch-14: Non-Current Liabilities (Bond & Notes Payable)

    CMA JUNE-2017, 5(b)

    Solution-5(b):
    IFA CMA Exam Question Solution
    Topics: Ch-14: Non-Current Liabilities (Bond & Notes Payable)
    IFA CMA Exam Question Solution
    Topics: Ch-14: Non-Current Liabilities (Bond & Notes Payable)

    CMA DECEMBER-2016, 5(a)

    Solution-5(a):

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