Course Description

Debt is a common aspect of nearly every business in every industry. It allows companies to grow and expand. It also can increase rates of return for investors. For this reason, it is scrutinized very closely by stakeholders, so it is important for practitioners to get it right! In this course, we will be focusing on the basic aspects of dealing with debt. We will be discussing what an amortization table is, how to calculate interest, and various compounding methods. If you are new to accounting or bookkeeping, or stepping out on your own for the first time, this course is for you!

Learning Objectives

  • Recall different compounding methods for debt.

  • Calculate interest and principal portions of a debt payment.

  • Recognize how to tie out debt amortization schedule to the financial statements.

Additional Required Materials

  • Level: Basic

  • Field of Study: Accounting (NASBA)

  • Who Should Attend: Practitioners that are new to the industry, bookkeeping, or preparing financial statements. Also, small business owners looking to do their own bookkeeping.

  • Required Knowledge: None

  • Advanced Prep: None

Instructor

CPA, CPCU, MST, MBA David Peters

David Peters is the Founder and Owner of Peters Tax Preparation & Consulting in Richmond, VA. He has over fourteen years of experience in financial services, including 3 years in the hedge fund industry and six years in the insurance industry. David was the first-ever Chief Financial Officer at Compare.com - a position he held for over three years. He is a national CPE Instructor/Discussion Leader for the AICPA, Surgent, and Kaplan. He regularly teaches courses in accounting, finance, insurance, and ethics throughout the United States. He holds four Masters degrees and contributes regularly to various CPA publications, including NCACPA’s Interim Report, SCACPA’s CPA Report, and VSCPA’s Disclosures. He was also a co-author of the 2018 Virginia CPA Ethics course – a required course for all CPA’s licensed in the Commonwealth of Virginia.