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标题: 请问胡老师 [打印本页]

作者: xieyingzi    时间: 2008-11-28 13:25     标题: 请问胡老师

Question:At the beginning of the year, two companies issue debt with the same market rate, maturity date and total face value. One issue coupon-bearing bond, other issue zero-coupon bond, all other factors are equal, for the the zero-coupon bond overstate the CFO, does it overstate the interest expense?

Thanks!!
作者: 胡老师    时间: 2008-12-1 10:25

利息费用没有高估,因为会计上利息费用不是票面利息,而是按照利息费用=期初本金余额×债券到期收益率计提的。当然,如果与有票面利率的债券相比,零息债券的利息费用会少一些,因为发行的折价发行的。




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