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hello and welcome to the session in which you would look at long-term notes what is the big idea with long-term notes simply put we are looking at long-term debt long-term loans why is that important well Iamp;#39;m sure you know that all companies at some point they have to borrow money from the banks whatever company you work for youamp;#39;re gonna have to deal with borrowing of money interest cost how to compute it how to present loans on the balance sheet how to prepare amortization schedule also companies might buy assets by issuing a note for example they could buy a truck a warehouse a machine issuing a note so itamp;#39;s very important to understand the different type of notes now we do have different types of notes one we have whatamp;#39;s called interest bearing notes interest bearing notes means the interest is stated or interest bearing or stated now we also have non-interest bearing or sometimes itamp;#39;s called zero interest bearing node there is no such thing a