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Intermediate Accounting 17th Revised edition [Loose-leaf]

(Naujas leidimas: 9781119790976)
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(University of Wisconsin, Madison), (University of Wisconsin, Madison), (Northern Illinois University)
  • Formatas: Loose-leaf, 1584 pages, aukštis x plotis x storis: 274x208x51 mm, weight: 2699 g, Contains 1 Loose-leaf
  • Išleidimo metai: 02-Apr-2019
  • Leidėjas: John Wiley & Sons Inc
  • ISBN-10: 1119503663
  • ISBN-13: 9781119503668 (Naujas leidimas: 9781119790976)
Kitos knygos pagal šią temą:
Intermediate Accounting 17th Revised editionDidesnis paveikslėlis
  • Formatas: Loose-leaf, 1584 pages, aukštis x plotis x storis: 274x208x51 mm, weight: 2699 g, Contains 1 Loose-leaf
  • Išleidimo metai: 02-Apr-2019
  • Leidėjas: John Wiley & Sons Inc
  • ISBN-10: 1119503663
  • ISBN-13: 9781119503668 (Naujas leidimas: 9781119790976)
Kitos knygos pagal šią temą:
Pastovi nuoroda: https://www.kriso.lt/db/9781119503668.html

Intermediate Accounting, 17th Edition is written by industry thought leaders, Kieso, Weygandt, and Warfield and is developed around one simple proposition: create great accountants. Upholding industry standards, this edition incorporates new data analytics content and up-to-date coverage of leases, revenue recognition, financial instruments, and US GAAP & IFRS. While maintaining its reputation for accuracy, comprehensiveness, and accessibility, Intermediate Accounting drives results by helping students build professional competencies through reliable problem material.

1 Financial Accounting And Accounting Standards
1(1)
Exciting Times
2(1)
Financial Reporting Environment
3(1)
Accounting and Capital Allocation
4(1)
What Do the Numbers Mean? It's the Accounting
4(1)
Objective of Financial Reporting
4(1)
What Do the Numbers Mean? Don't Forget Stewardship
5(1)
The Need to Develop Standards
6(1)
Parties Involved in Standard-Setting
7(1)
Securities and Exchange Commission (SEC)
7(1)
American Institute of Certified Public Accountants (AICPA)
8(1)
Financial Accounting Standards Board (FASB)
9(3)
Generally Accepted Accounting Principles
12(1)
What Do the Numbers Mean?'You Have to Step Back
12(1)
FASB Codification
13(1)
Major Challenges in Financial Reporting
14(1)
GAAP in a Political Environment
14(1)
Evolving Issue Fair Value, Fair Consequences?
15(1)
The Expectations Gap
16(1)
Financial Reporting Issues
17(1)
International Accounting Standards
18(1)
What Do the Numbers Mean? Can You Do That?
19(1)
Ethics in the Environment of Financial Accounting
19(1)
Conclusion
19(9)
FASB Codification and Exercises
28(1)
IFRS insights
28
2 Conceptual Framework For Financial Reporting
1(1)
What Is it?
1(2)
Conceptual Framework
3(1)
Need for a Conceptual Framework
3(1)
What Do the Numbers Mean? What's Your Principle?
4(1)
Development of a Conceptual Framework
4(1)
Overview of the Conceptual Framework
5(1)
Basic Objective
6(1)
Fundamental Concepts
6(1)
Qualitative Characteristics of Accounting Information
6(3)
What Do the Numbers Mean? Living in a Material World
9(1)
What Do the Numbers Mean? Show Me the Earnings!
10(3)
Basic Elements
13(1)
Assumptions
14(1)
Economic Entity Assumption
14(1)
What Do the Numbers Mean? Whose Company Is It?
15(1)
Going Concern Assumption
15(1)
Monetary Unit Assumption
15(1)
Periodicity Assumption
16(1)
Measurement, Recognition, and Disclosure Concepts
16(1)
Basic Principles of Accounting
16(5)
Cost Constraint
21(1)
Summary of the Structure
22(1)
What Do the Numbers Mean? Don't Count These Please
23(14)
FASB Codification and Exercises
37(1)
IFRS Insights
38
3 The Accounting Information System
1(1)
Needed: A Reliable Information System
2(1)
Accounting Information System
3(1)
What Do the Numbers Mean? Hey, It's Complicated
4(1)
Basic Terminology
4(1)
Debits and Credits
5(1)
The Accounting Equation
5(2)
Financial Statements and Ownership Structure
7(1)
The Accounting Cycle
8(1)
Record and Summarize Basic Transactions
9(1)
Journalizing
10(1)
Posting
10(2)
What Do the Numbers Mean? Working on the Chain Gang
12(1)
Chart of Accounts
12(1)
The Recording Process Illustrated
13(5)
Trial Balance
18(1)
Adjusting Entries
19(1)
Types of Adjusting Entries
20(1)
Adjusting Entries for Deferrals
20(2)
What Do the Numbers Mean? Am I Covered?
22(2)
Adjusting Entries for Accruals
24(6)
Adjusted Trial Balance
30(1)
Preparing Financial Statements
30(1)
Closing
31(3)
Post-Closing Trial Balance
34(1)
Reversing Entries--An Optional Step
34(1)
The Accounting Cycle Summarized
35(1)
Financial Statements for a Merchandising Company
35(1)
Income Statement
35(1)
Retained Earnings Statement
36(1)
Balance Sheet
36(1)
What Do the Numbers Mean? Statements, Please
37(1)
Closing Entries
38(1)
Appendix 3A Cash-Basis Accounting versus Accrual-Basis Accounting
38(2)
Conversion from Cash Basis to Accrual Basis
40(1)
Service Revenue Computation
41(1)
Operating Expense Computation
41(2)
Theoretical Weaknesses of the Cash Basis
43(1)
Appendix 3B: Using Reversing Entries
43(1)
Illustration of Reversing Entries--Accruals
43(1)
Illustration of Reversing Entries--Deferrals
44(1)
Summary of Reversing Entries
45(1)
Appendix 3C Using a Worksheet: The Accounting Cycle Revisited
46(1)
Worksheet Columns
46(1)
Trial Balance Columns
46(1)
Adjustments Columns
46(2)
Adjustments Entered on the Worksheet
48(1)
Adjusted Trial Balance
48(1)
Income Statement and Balance Sheet Columns
49(1)
Preparing Financial Statements from a Worksheet
49(24)
Analytics in Action
73(1)
FASB Codification and Exercises
73(1)
IFRS Insights
73
4 Income Statement And Related Information
1(1)
Financial Statements Are Changing
2(1)
Income Statement
3(1)
Usefulness of the Income Statement
3(1)
Limitations of the Income Statement
4(1)
Quality of Earnings
4(1)
What Do the Numbers Mean? Some Things Never Change
5(1)
Content and Format of the Income Statement
6(1)
Elements of the Income Statement
6(1)
Intermediate Components of the Income Statement
7(2)
What Do the Numbers Mean? Top Line or Bottom Line?
9(1)
Condensed Income Statements
9(1)
Single-Step Income Statements
10(1)
Reporting Various Income Items
11(1)
Unusual and Infrequent Gains and Losses
12(1)
Discontinued Operations
12(3)
Noncontrolling Interest in Income
15(1)
Earnings per Share
16(1)
What Do the Numbers Mean? Four: The Loneliest Number
17(1)
Summary of Various Income Items
18(1)
Accounting Changes and Errors
18(1)
Changes in Accounting Principle
19(1)
Changes in Accounting Estimates
19(1)
Corrections of Errors
20(1)
Summary
20(1)
Related Stockholders' Equity Statements
21(1)
Retained Earnings Statement
21(1)
Comprehensive Income
22(1)
Statement of Stockholders' Equity
23(1)
Balance Sheet Presentation
24(1)
Evolving Issue Income Reporting
24(18)
FASB Codification and Exercises
42(1)
IFRS Insights
43
5 Balance Sheet And Statement Of Cash Flows
1(1)
Hey, It Doesn't Balance!
1(2)
Balance Sheet
3(1)
Usefulness of the Balance Sheet
3(1)
Limitations of the Balance Sheet
4(1)
What Do the Numbers Mean? Grounded
4(1)
Classification in the Balance Sheet
5(6)
What Do the Numbers Mean? "Show Me the Assets!"
11(3)
What Do the Numbers Mean? Warning Signals
14(1)
Preparation of the Balance Sheet
15(1)
Account Form
15(1)
Report Form
15(1)
Statement of Cash Flows
16(1)
What Do the Numbers Mean? Watch That Cash Flow
17(1)
Purpose of the Statement of Cash Flows
17(1)
Content of the Statement of Cash Flows
18(1)
Preparation of the Statement of Cash Flows
19(2)
Usefulness of the Statement of Cash Flows
21(3)
What Do the Numbers Mean? "There Ought to Be a Law"
24(1)
Additional Information
24(1)
Notes to the Financial Statements
25(1)
What Do the Numbers Mean? What About Your Commitments?
26(2)
Techniques of Disclosure
28(2)
Evolving Issue Balance Sheet Reporting: Gross or Net?
30(1)
Appendix 5A Ratio Analysis--A Reference
30(1)
Using Ratios to Analyze Performance
30(27)
Analytics in Action
57(1)
FASB Codification and Exercises
58(1)
IFRS Insights
58
6 Accounting And The Time Value Of Money
1(1)
How Do I Measure That?
1(2)
Basic Time Value Concepts
3(1)
Applications of Time Value Concepts
3(1)
The Nature of Interest
4(1)
Simple Interest
4(1)
Compound Interest
5(1)
What Do the Numbers Mean? A Pretty Good Start
6(2)
Fundamental Variables
8(1)
Single-Sum Problems
8(1)
Future Value of a Single Sum
9(1)
Present Value of a Single Sum
10(2)
Solving for Other Unknowns in Single-Sum Problems
12(1)
Annuities (Future Value)
13(1)
Future Value of an Ordinary Annuity
14(2)
Future Value of an Annuity Due
16(1)
What Do the Numbers Mean? Don't Wait to Make That Contribution!
17(1)
Examples of Future Value of Annuity Problems
18(2)
Annuities (Present Value)
20(1)
Present Value of an Ordinary Annuity
20(1)
What Do the Numbers Mean? Up in Smoke
21(1)
Present Value of an Annuity Due
21(2)
Examples of Present Value of Annuity Problems
23(1)
Other Time Value of Money Issues
24(1)
Deferred Annuities
24(2)
Valuation of Long-Term Bonds
26(1)
Effective-Interest Method of Amortization of Bond Discount or Premium
27(1)
Present Value Measurement
28(2)
What Do the Numbers Mean? How Low Can They Go?
30(15)
Analytics in Action
45(1)
FASB Codification and Exercises
45
7 Cash And Receivables
1(1)
Is Your Cash Trapped?
1(2)
Cash
3(1)
Reporting Cash
4(1)
Summary of Cash-Related Items
5(1)
Evolving Issue What Counts for Cash?
6(1)
Receivables
7(1)
Recognition of Accounts Receivable
8(1)
Measurement of the Transaction Price
8(1)
Variable Consideration
9(2)
Valuation of Accounts Receivable
11(1)
Direct Write-Off Method for Uncollectible Accounts
12(1)
Allowance Method for Uncollectible Accounts
12(4)
What Do the Numbers Mean? Please Release Me?
16(1)
Notes Receivable
17(1)
Recognition of Notes Receivable
17(4)
Valuation of Notes Receivable
21(1)
Other Issues
21(1)
Fair Value Option
22(1)
Disposition of Accounts and Notes Receivable
22(5)
What Do the Numbers Mean? Securitizations--Good or Bad?
27(1)
Presentation and Analysis
27(3)
What Do the Numbers Mean? I'm Still Waiting
30(1)
Appendix 7A Cash Controls
30(1)
Using Bank Accounts
31(1)
The Imprest Petty Cash System
31(1)
Physical Protection of Cash Balances
32(1)
Reconciliation of Bank Balances
33(2)
Appendix 7B Collectibility Assessment Based on Expected Cash Flows
35(1)
Measurement of Collectibility
36(1)
Example
36(1)
Recording Bad Debts
37(25)
Analytics in Action
62(1)
FASB Codification and Exercises
62(1)
IFRS Insights
63
8 Valuation Of Inventories: A Cost-Basis Approach
1(1)
To Switch or Not to Switch
2(1)
Inventory Issues
3(1)
Classification
3(1)
Inventory Cost Flow
4(2)
Inventory Control
6(1)
What Do the Numbers Mean? Staying Lean
7(1)
Determining Cost of Goods Sold
7(1)
Goods and Costs Included in Inventory
7(1)
Goods Included in Inventory
7(3)
What Do the Numbers Mean? No Parking!
10(1)
Costs Included in Inventory
10(2)
What Do the Numbers Mean? You May Need a Map
12(1)
Which Cost Flow Assumption to Adopt?
12(1)
Specific Identification
13(1)
Average-Cost
13(1)
First-In, First-Out (FIFO)
14(1)
Last-In, First-Out (LIFO)
15(1)
Special Issues Related to LIFO
16(1)
LIFO Reserve
16(1)
What Do the Numbers Mean? Comparing Apples to Apples
17(1)
LIFO Liquidation
18(1)
Dollar-Value LIFO
19(4)
What Do the Numbers Mean? Quite a Difference
23(1)
Comparison of LIFO Approaches
24(1)
Major Advantages of LIFO
24(1)
Major Disadvantages of LIFO
25(1)
Basis for Selection of Inventory Method
26(2)
Evolving Issue Repeal LIFO!
28(1)
Effect of Inventory Errors
29(1)
Ending Inventory Misstated
29(1)
Purchases and Inventory Misstated
30(26)
FASB Codification and Exercises
56
9 Inventories: Additional Valuation Issues
1(1)
Not What It Seems to Be
2(1)
Lower-of-Cost-or-Net Realizable Value
3(1)
Definition of Net Realizable Value
3(1)
Illustration of LCNRV
4(1)
Methods of Applying LCNRV
4(1)
Recording NRV Instead of Cost
5(1)
Use of an Allowance
6(1)
Use of an Allowance--Multiple Periods
6(1)
What Do the Numbers Mean? I'll Trade You
7(1)
Lower-of-Cost-or-Market
7(2)
How Lower-of-Cost-or-Market Works
9(1)
Methods of Applying Lower-of-Cost-or-Market
10(1)
Evaluation of the LCNRV and Lower-of-Cost-or-Market Rules
10(1)
What Do the Numbers Mean? "Put It in Reverse"
11(1)
Other Valuation Approaches
11(1)
Valuation at Net Realizable Value
11(1)
Valuation Using Relative Sales Value
12(1)
Purchase Commitments--A Special Problem
13(2)
The Gross Profit Method of Estimating Inventory
15(1)
Computation of Gross Profit Percentage
16(1)
Evaluation of Gross Profit Method
17(1)
What Do the Numbers Mean? The Squeeze
18(1)
Retail Inventory Method
18(1)
Retail-Method Concepts
19(1)
Retail Inventory Method with Markups and Markdowns--Conventional Method
20(2)
Special Items Relating to Retail Method
22(1)
Evaluation of Retail Inventory Method
23(1)
What Do the Numbers Mean? Mark Me
24(1)
Presentation and Analysis
24(1)
Presentation of Inventories
24(1)
Analysis of Inventories
25(1)
Appendix 9A LIFO Retail Methods
26(1)
Stable Prices-LIFO Retail Method
26(1)
Fluctuating Prices--Dollar-Value LIFO Retail Method
27(2)
Subsequent Adjustments Under Dollar-Value LIFO Retail
29(1)
Changing from Conventional Retail to LIFO
29(24)
Analytics in Action
53(1)
FASB Codification and Exercises
53(1)
IFRS Insights
54
10 Acquisition And Disposition Of Property, Plant, And Equipment
1(1)
Watch Your Spending
2(1)
Property, Plant, and Equipment
3(1)
Acquisition of Property, Plant, and Equipment
4(1)
Cost of Land
4(1)
Cost of Buildings
5(1)
Cost of Equipment
5(1)
What Do the Numbers Mean? Robbing Peter to Pay Paul
5(1)
Self-Constructed Assets
6(1)
Interest Costs During Construction
6(1)
Qualifying Assets
7(1)
Capitalization Period
8(1)
Amount to Capitalize
8(1)
Comprehensive Example of interest Capitalization
9(2)
What Do the Numbers Mean? What's in Your Interest?
11(1)
Special Interests Related to Interest Capitalization
11(1)
Observations
12(1)
Valuation of Property, Plant, and Equipment
12(1)
Cash Discounts
12(1)
Deferred-Payment Contracts
13(1)
Lump-Sum Purchases
14(1)
Issuance of Stock
14(1)
Exchanges of Nonmonetary Assets
15(4)
Other Asset Valuation Methods
19(1)
Costs Subsequent to Acquisition
20(1)
What Do the Numbers Mean? Disconnected
20(1)
Additions
21(1)
Improvements and Replacements
21(1)
Rearrangement and Reinstallation
22(1)
Repairs
23(1)
Summary of Costs Subsequent to Acquisition
23(1)
Disposition of Property, Plant, and Equipment
24(1)
Sale of Plant Assets
24(1)
Involuntary Conversion
24(1)
Miscellaneous Problems
25(1)
Appendix 10A Accounting for Contributions
25(1)
Conditional Contribution
26(1)
Unconditional Contribution
27(1)
Exchange Transactions
27(25)
FASB Codification and Exercises
52
11 Depreciation, Impairments, And Depletion
1(1)
Here Come the Write-offs
2(1)
Depreciation--A Method of Cost Allocation
3(1)
Factors Involved in the Depreciation Process
4(1)
What Do the Numbers Mean? Alphabet Dupe
5(1)
Methods of Depreciation
6(3)
Special Depreciation Methods and Other Issues
9(1)
Special Depreciation Methods
9(2)
What Do the Numbers Mean? Decelerating Depreciation
11(1)
Other Depreciation Issues
11(3)
What Do the Numbers Mean? Depreciation Choices
14(1)
Impairments
14(1)
Recognizing Impairments
14(1)
Measuring Impairments
15(1)
Restoration of Impairment Loss
16(1)
Impairment of Assets to Be Disposed Of
16(1)
Depletion
17(1)
Establishing a Depletion Base
17(1)
Write-Off of Resource Cost
18(1)
Estimating Recoverable Reserves
19(1)
What Do the Numbers Mean? Reserve Surprise
20(1)
Liquidating Dividends
20(1)
Continuing Controversy
20(1)
Evolving Issue Full-Cost or Successful-Efforts?
21(1)
Presentation and Analysis
22(1)
Presentation of Property, Plant, Equipment, and Natural Resources
22(1)
Analysis of Property, Plant, and Equipment
23(2)
Appendix 11A Income Tax Depreciation
25(1)
Modified Accelerated Cost Recovery System
25(1)
Tax Lives (Recovery Periods)
25(1)
Tax Depreciation Methods
26(1)
Example of MACRS
26(1)
Optional Straight-Line Method
27(1)
Tax versus Book Depreciation
27(1)
What Do the Numbers Mean? In the Bonus (Boomerang?)
28(21)
Analytics in Action
49(1)
FASB Codification and Exercises
49(1)
IFRS Insights
50
12 Intangible Assets
1(1)
Is This Sustainable?
1(2)
Intangible Asset Issues
3(1)
Characteristics
3(1)
Valuation
4(1)
Amortization of Intangibles
4(2)
What Do the Numbers Mean? Are All Brands the Same?
6(1)
Types of Intangible Assets
6(1)
Marketing-Related Intangible Assets
6(1)
What Do the Numbers Mean? Keep Your Hands Off My Intangible!
7(1)
Customer-Related Intangible Assets
7(1)
Artistic-Related Intangible Assets
8(1)
Contract-Related Intangible Assets
8(1)
Technology-Related Intangible Assets
9(1)
What Do the Numbers Mean? Patent Battles
10(1)
What Do the Numbers Mean? The Value of a Secret Formula
11(1)
Goodwill
11(3)
Impairment and Presentation of Intangible Assets
14(1)
Impairment of Limited-Life Intangibles
14(1)
Impairment of Indefinite-Life Intangibles Other Than Goodwill
15(1)
Impairment of Goodwill
16(1)
Impairment Summary
17(1)
What Do the Numbers Mean? Impairment Ups and Downs
17(1)
Presentation of Intangible Assets
18(1)
Research and Development Costs
19(1)
Identifying R&D Activities
19(1)
Accounting for R&D Activities
20(1)
Costs Similar to R&D Costs
21(2)
What Do the Numbers Mean? Branded
23(1)
Presentation of Research and Development Costs
23(1)
Evolving Issue Recognition of R&D and Internally Generated Intangibles
24(18)
Analytics in Action
42(1)
FASB Codification and Exercises
42(1)
IFRS Insights
43
13 Current Liabilities And Contingencies
1(1)
Now You See It, Now You Don't
2(1)
Current Liabilities
3(1)
Accounts Payable
4(1)
Notes Payable
4(2)
Dividends Payable
6(1)
Customer Advances and Deposits
6(1)
Unearned Revenues
6(1)
What Do the Numbers Mean? Microsoft's Liabilities--Good or Bad?
7(1)
Sales Taxes Payable
8(1)
Income Taxes Payable
8(1)
Employee-Related Liabilities
9(4)
What Do the Numbers Mean? How Do You Want That?
13(1)
Current Maturities of Long-Term Debt
14(1)
Short-Term Obligations Expected to Be Refinanced
15(1)
What Do the Numbers Mean? Going, Going, Gone
15(1)
Refinancing Illustration
15(1)
What Do the Numbers Mean? What About That Short-Term Debt?
16(1)
Contingencies
17(1)
Gain Contingencies
17(1)
Loss Contingencies
18(6)
What Do the Numbers Mean? Frequent Flyers
24(2)
Evolving Issue Greenhouse Gases: Let's Be Standard-Setters
26(1)
What Do the Numbers Mean? More Disclosure, Please
27(1)
Presentation and Analysis
28(1)
Presentation of Current Liabilities
28(1)
Presentation of Contingencies
29(1)
Analysis of Current Liabilities
30(2)
What Do the Numbers Mean? I'll Pay You Later
32(21)
Analytics in Action
53(1)
FASB Codification and Exercises
53(1)
IFRS Insights
54
14 Long-Term Liabilities
1(1)
Going Long
1(2)
Bonds Payable
3(1)
Issuing Bonds
3(1)
Types of Bonds
4(1)
What Do the Numbers Mean? All About Bonds
4(1)
Valuation and Accounting for Bonds Payable
5(3)
What Do the Numbers Mean? How's My Rating?
8(1)
Effective-Interest Method
9(4)
Extinguishment of Debt
13(1)
Economic Substance
13(1)
Illustration
13(1)
What Do the Numbers Mean? Your Debt Is Killing My Equity
14(1)
Long-Term Notes Payable
14(1)
Notes Issued at Face Value
15(1)
Notes Not Issued at Face Value
15(2)
Special Notes Payable Situations
17(3)
Mortgage Notes Payable
20(1)
Reporting and Analyzing Liabilities
20(1)
Fair Value Option
20(1)
What Do the Numbers Mean? Fair Value Fun House
21(1)
Off-Balance-Sheet Financing
22(1)
What Do the Numbers Mean? Obligated
23(1)
Presentation and Analysis of Long-Term Debt
24(2)
What Do the Numbers Mean? How About a 100-Year Bond?
26(1)
Appendix 14A Troubled-Debt Restructuring
26(1)
Settlement of Debt
27(1)
Transfer of Assets
27(1)
Granting of Equity Interest
28(1)
Modification of Terms
28(1)
Example 1 No Gain for Debtor
29(2)
Example 2 Gain for Debtor
31(2)
Concluding Remarks
33(18)
FASB Codification and Exercises
51(1)
IFRS Insights
52
15 Stockholders' Equity
1(1)
It's a Global Market
1(2)
Corporate Capital
3(1)
Corporate Form
3
What Do the Numbers Mean?
1209
North Orange Street
3(2)
Components of Stockholders' Equity
5(1)
Issuance of Stock
6(3)
What Do the Numbers Mean? The Case of the Disappearing Receivable
9(1)
Preferred Stock
10(2)
What Do the Numbers Mean? A Class (B) Act
12(1)
Reacquisition of Shares
12(2)
Purchase of Treasury Stock
14(1)
Sale of Treasury Stock
15(1)
Retiring Treasury Stock
16(1)
What Do the Numbers Mean? Buybacks--Good or Bad?
16(1)
Dividend Policy
17(1)
Financial Condition and Dividend Distributions
17(1)
Types of Dividends
18(3)
Stock Dividends and Stock Splits
21(2)
What Do the Numbers Mean? Splitsville
23(2)
Presentation and Analysis of Stockholders' Equity
25(1)
Presentation
25(2)
Analysis
27(2)
Appendix 15A Dividend Preferences and Book Value per Share
29(1)
Dividend Preferences
29(1)
Book Value per Share
30(21)
Analytics in Action
51(1)
FASB Codification and Exercises
52(1)
IFRS Insights
52
16 Dilutive Securities And Earnings Per Share
1(1)
Kicking the Habit
1(2)
Dilutive Securities
3(1)
Debt and Equity
3(1)
Accounting for Convertible Debt
3(2)
Convertible Preferred Stock
5(1)
What Do the Numbers Mean? How Low Can You Go?
6(1)
Stock Warrants
6(1)
Stock Warrants Issued with Other Securities
7(2)
Rights to Subscribe to Additional Shares
9(1)
Evolving Issue Is That All Debt?
9(1)
Stock Compensation Plans
10(1)
Measurement--Stock Compensation
11(1)
What Do the Numbers Mean? What's the Debate About?
12(1)
Recognition--Stock Compensation
13(1)
Restricted Stock
14(2)
Employee Stock-Purchase Plans
16(1)
Disclosure of Compensation Plans
16(2)
Basic Earnings per Share
18(1)
Earnings per Share--Simple Capital Structure
19(2)
Comprehensive Example
21(1)
Diluted Earnings per Share
22(1)
Diluted EPS--Convertible Securities
23(2)
Diluted EPS--Options and Warrants
25(1)
Contingent Issue Agreement
26(1)
Antidilution Revisited
26(1)
EPS Presentation and Disclosure
27(2)
Summary of EPS Computation
29(1)
What Do the Numbers Mean? Pro Forma EPS Confusion
30(1)
Appendix 16A Accounting for Stock-Appreciation Rights
30(1)
SARs--Share-Based Equity Awards
31(1)
SARs--Share-Based Liability Awards
31(1)
Stock-Appreciation Rights Example
32(1)
Appendix 16B Comprehensive Earnings per Share Example
33(1)
Diluted Earnings per Share
34(23)
FASB Codification and Exercises
57(1)
IFRS Insights
58
17 Investments
1(1)
Winners and Losers
1(1)
Investments in Debt Securities
2(1)
Debt Investment Classifications
3(1)
Held-to-Maturity Securities (Amortized Cost)
4(2)
Available-for-Sale Securities (Fair Value Through Other Comprehensive Income)
6(4)
Trading Securities (Fair Value Through Net Income)
10(1)
What Do the Numbers Mean? To Have and to Hold
11(1)
Investments in Equity Securities
11(1)
Holdings of Less Than 20%
12(2)
Holdings Between 20% and 50% (Equity Method)
14(2)
Holdings of More Than 50% (Consolidation)
16(1)
What Do the Numbers Mean? Who's in Control Here?
16(1)
Other Financial Reporting Issues
17(1)
Fair Value Option
17(1)
Evolving Issue Fair Value Controversy
18(1)
Impairment of Value
18(3)
Reclassification Adjustments
21(3)
Transfers Related to Debt Securities
24(1)
Summary of Reporting Treatment of Securities
25(1)
What Do The Numbers Mean? So You Think It Is Easy?
26(1)
Appendix 17A Accounting for Derivative Instruments
26(1)
Defining Derivatives
27(1)
Who Uses Derivatives, and Why?
27(1)
Producers and Consumers
27(1)
Speculators and Arbitrageurs
28(1)
Basic Principles in Accounting for Derivatives
29(1)
Example of Derivative Financial Instrument-Speculation
29(2)
Differences Between Traditional and Derivative Financial Instruments
31(1)
Derivatives Used for Hedging
32(1)
What Do the Numbers Mean? Risky Business
33(1)
Fair Value Hedge
33(2)
Cash Flow Hedge
35(2)
Other Reporting Issues
37(1)
Embedded Derivatives
37(1)
Qualifying Hedge Criteria
38(1)
Summary of Derivatives Accounting
39(1)
Comprehensive Hedge Accounting Example
40(1)
Fair Value Hedge
40(2)
Financial Statement Presentation of an Interest Rate Swap
42(1)
Controversy and Concluding Remarks
43(1)
Appendix 17B Fair Value Disclosures
43(1)
Disclosure of Fair Value Information: Financial Instruments
44(2)
Disclosure of Fair Values: Impaired Assets or Liabilities
46(1)
Conclusion
47(23)
FASB Codification and Exercises
70(1)
IFRS Insights
71
18 Revenue Recognition
1(1)
It's Back
1(2)
Fundamentals of Revenue Recognition
3(1)
Background
3(1)
New Revenue Recognition Standard
4(1)
Overview of the Five-Step Process: Boeing Example
4(1)
Extended Example of the Five-Step Process: BEAN
5(4)
The Five-Step Process Revisited
9(1)
Identifying the Contract with Customers--Step 1
9(1)
Identifying Separate Performance Obligations-Step 2
10(1)
Determining the Transaction Price--Step 3
11(4)
Allocating the Transaction Price to Separate Performance Obligations--Step 4
15(2)
Recognizing Revenue When (or as) Each Performance Obligation Is Satisfied-Step 5
17(1)
Summary
18(1)
Accounting for Revenue Recognition Issues
19(1)
Sales Returns and Allowances
19(3)
Repurchase Agreements
22(2)
Bill-and-Hold Arrangements
24(1)
Principal-Agent Relationships
24(1)
Consignments
25(2)
What Do the Numbers Mean? Grossed Out
27(1)
Warranties
27(2)
Nonrefundable Upfront Fees
29(1)
Summary
29(1)
Presentation and Disclosure
30(1)
Presentation
30(4)
Disclosure
34(1)
Evolving Issue Revenue: "It's Like An Octopus"
35(1)
Appendix 18A Long-Term Construction Contracts
36(1)
Revenue Recognition over Time
36(1)
Percentage-of-Completion Method
37(5)
Completed-Contract Method
42(1)
Long-Term Contract Losses
43(3)
Appendix 18B Revenue Recognition for Franchises
46(1)
Franchise Accounting
47(2)
Recognition of Franchise Rights Revenue over Time
49(27)
FASB Codification and Exercises
76
19 Accounting For Income Taxes
1(1)
Taxes Are A-Changing
1(2)
Fundamentals of Accounting for Income Taxes
3(1)
Future Taxable Amounts and Deferred Taxes
4(4)
What Do the Numbers Mean? "Real Liabilities"
8(1)
Future Deductible Amounts and Deferred Taxes
8(3)
What Do the Numbers Mean? "Real Assets"
11(1)
Deferred Tax Asset--Valuation Allowance
11(1)
Additional Considerations
12(1)
Income Statement Presentation
12(1)
Specific Differences
13(3)
Tax Rate Considerations
16(1)
What Do the Numbers Mean? Global Tax Rates
17(1)
What Do the Numbers Mean? Lower Tax Rate--Good or Bad?
18(1)
Accounting for Net Operating Losses
18(1)
Loss Carryforward
19(1)
Loss Carryforward Example
19(4)
What Do the Numbers Mean? NOLs: Good News or Bad?
23(1)
Financial Statement Presentation
23(1)
Balance Sheet
23(1)
Note Disclosure
24(1)
What Do the Numbers Mean? Imagination at Work
25(1)
Income Statement
26(2)
Evolving Issue Uncertain Tax Positions
28(1)
The Asset-Liability Method
28(2)
Appendix 19A Comprehensive Example of Interperiod Tax Allocation
30(1)
First Year-2019
30(1)
Taxablejncome and Income Taxes Payable--2019
31(1)
Computing Deferred Income Taxes--End of 2019
31(1)
Deferred Tax Expense (Benefit) and the Journal Entry to Record Income Taxes--2019
32(1)
Financial Statement Presentation--2019
33(1)
Second Year-2020
34(1)
Taxable Income and Income Taxes Payable--2020
34(1)
Computing Deferred Income Taxes--End of 2020
35(1)
Deferred Tax Expense (Benefit) and the Journal Entry to Record Income Taxes--2020
35(1)
Financial Statement Presentation--2020
36(1)
Appendix 19B Accounting for Net Operating Loss Carrybacks
36(1)
Loss Carryback
37(1)
Loss Carryback Example
37(1)
Loss Carryback with Carryforward
38(21)
FASB Codification and Exercises
59(1)
IFRS Insights
60
20 Accounting For Pensions And Postretirement Benefits
1(1)
Where Have All the Pensions Gone?
2(1)
Fundamentals of Pension Plan Accounting
3(1)
Defined Contribution Plan
4(1)
Defined Benefit Plan
5(1)
What Do the Numbers Mean? Which Plan Is Right for You?
6(1)
The Role of Actuaries in Pension Accounting
6(1)
Measures of the Liability
7(1)
What Do the Numbers Mean? Roller Coaster
8(1)
Components of Pension Expense
9(2)
Using a Pension Worksheet
11(1)
2020 Entries and Worksheet
12(1)
Funded Status
13(1)
Prior Service Cost (PSC)
13(1)
Amortization
14(1)
2021 Entries and Worksheet
15(2)
Gains and Losses
17(1)
Smoothing Unexpected Gains and Losses on Plan Assets
17(1)
What Do the Numbers Mean? Pension Costs Ups and Downs
18(1)
Smoothing Unexpected Gains and Losses on the Pension Liability
18(1)
Corridor Amortization
18(3)
Evolving Issue Bye Bye Corridor
21(1)
2022 Entries and Worksheet
21(2)
2023 Entries and Worksheet--A Comprehensive Example
23(2)
Reporting Pension Plans in Financial Statements
25(1)
Assets and Liabilities
25(1)
Net Income
26(1)
Comprehensive Income
27(1)
Within the Notes to the Financial Statements
28(3)
Special Issues
31(1)
What Do the Numbers Mean? Who Guarantees the Guarantor?
32(2)
Concluding Observations
34(1)
Appendix 20A Accounting for Postretirement Benefits
34(1)
Accounting Guidance
34(1)
Differences Between Pension Benefits and Healthcare Benefits
35(1)
What Do the Numbers Mean? OPEBs--How Big Are They?
36(1)
Postretirement Benefits Accounting Provisions
36(1)
Obligations Under Postretirement Benefits
36(1)
Postretirement Expense
37(1)
Illustrative Accounting Entries
38(1)
2020 Entries and Worksheet
38(1)
Recognition of Gains and Losses
39(1)
2021 Entries and Worksheet
40(1)
Amortization of Net Gain or Loss in 2022
41(1)
Disclosures in Notes to the Financial Statements
41(2)
Actuarial Assumptions and Conceptual Issues
43(1)
What Do the Numbers Mean? Want Some Bad News?
43(24)
FASB Codification and Exercises
67(1)
IFRS Insights
68
21 Accounting For Leases
1(1)
Times Are A-Changing
1(2)
The Leasing Environment
3(1)
A Look at the Lessee
3(1)
Advantages of Leasing--Lessees
4(1)
A Look at the Lessor
4(1)
Advantages of Leasing--Lessors
5(1)
What Do the Numbers Mean? Residual Value Regret
6(1)
Conceptual Nature of a Lease
6(1)
Finance and Operating Leases (Lessee)
7(1)
Lease Classification
7(4)
Accounting for Finance Leases
11(1)
Lessee Accounting for Finance Leases: An Example
11(3)
Lessor Accounting for Sales-Type Leases
14(1)
What Do the Numbers Mean? Not So Fast
15(1)
Sales-Type Lease Example
16(2)
Accounting for Operating Leases
18(1)
Lessee Accounting for Operating Leases
18(3)
Lessor Accounting for Operating Leases
21(1)
Special Lease Accounting Problems
22(1)
Residual Values
23(4)
Other Lease Adjustments
27(2)
Bargain Purchase Options
29(1)
Short-Term Leases
30(1)
Presentation, Disclosure, and Analysis
30(4)
Evolving Issue Bring It On!
34(1)
Appendix 21A Sale-Leasebacks
35(1)
Accounting Issues in Sale-Leaseback Transactions
35(1)
Sale Transaction
36(1)
Financing Transaction (Failed Sale)
36(1)
Sale-Leaseback Example
37(2)
Appendix 21B Direct Financing Lease (Lessor)
39(1)
Direct Finance Lease Accounting
39(1)
Direct Financing Lease Example
40(4)
Appendix 21C Comprehensive Examples
44(1)
Lease Terms: Scenario 1
44(1)
Lease Classification
44(1)
Accounting for Finance Lease
45(1)
Lease Terms: Scenario 2
46(1)
Lease Classification
47(1)
Lessee Accounting--Operating Lease
47(3)
Lessor Accounting--Operating Lease
50(29)
FASB Codification and Exercises
79(1)
IFRS Insights
80
22 Accounting Changes And Error Analysis
1(1)
In the Dark
2(1)
Accounting Changes
3(1)
Background
3(1)
Changes in Accounting Principle
4(1)
What Do the Numbers Mean? Quite a Change
5(2)
What Do the Numbers Mean? Change Management
7(7)
Impracticability
14(1)
Other Accounting Changes
15(1)
Changes in Accounting Estimates
16(2)
What Do the Numbers Mean? Why Now?
18(1)
Changes in Reporting Entity
18(1)
Accounting Errors
19(1)
What Do the Numbers Mean? Can I Get My Money Back?
20(1)
Example of Error Correction
20(2)
Summary of Accounting Changes and Correction of Errors
22(2)
What Do the Numbers Mean? What's Your Motivation?
24(1)
Error Analysis
24(1)
Balance Sheet Errors
25(1)
Income Statement Errors
25(1)
Balance Sheet and Income Statement Errors
25(3)
Comprehensive Example: Numerous Errors
28(2)
What Do the Numbers Mean? Guard the Financial Statements!
30(1)
Preparation of Financial Statements with Error Corrections
31(2)
Appendix 22A: Changing from or to the Equity Method
33(1)
Change from the Equity Method
33(1)
Dividends in Excess of Earnings
33(1)
Change to the Equity Method
34(26)
FASB Codification and Exercises
60(1)
IFRS Insights
61
23 Statement Of Cash Flows
1(1)
Show Me the Money!
1(2)
Statement of Cash Flows
3(1)
Usefulness of the Statement of Cash Flows
3(1)
Classification of Cash Flows
4(1)
What Do the Numbers Mean? How's My Cash Flow?
5(1)
Format of the Statement of Cash Flows
6(1)
Preparing the Statement of Cash Flows
6(1)
Illustrations--Tax Consultants Inc.
7(2)
What Do the Numbers Mean? Earnings and Cash Flow Management?
9(8)
Sources of Information for the Statement of Cash Flows
17(1)
Net Cash Flow from Operating Activities--Direct Method
17(5)
Evolving Issue Direct versus Indirect
22(2)
Special Problems in Statement Preparation
24(1)
Adjustments to Net Income
24(3)
Accounts Receivable (Net)
27(2)
What Do the Numbers Mean? Not What It Seems
29(1)
Other Working Capital Changes
29(1)
Net Losses
30(1)
Significant Noncash Transactions
31(1)
What Do the Numbers Mean? Better Than ROA?
32(1)
Use of a Worksheet
32(2)
Preparation of the Worksheet
34(3)
Analysis of Transactions
37(3)
Preparation of Final Statement
40(29)
FASB Codification and Exercises
69(1)
IFRS Insights
70
24 Full Disclosure In Financial Reporting
1(1)
High-Quality Financial Reporting--Always in Fashion
2(1)
Full Disclosure Principle
3(1)
Increase in Reporting Requirements
4(1)
Differential Disclosure
5(1)
Evolving Issue Disclosure--Quantity and Quality
6(1)
Notes to the Financial Statements
6(2)
What Do the Numbers Mean? Footnote Secrets
8(1)
Disclosure Issues
8(1)
Related Parties
8(1)
Post-Balance-Sheet Events (Subsequent Events)
9(2)
Reporting for Diversified (Conglomerate) Companies
11(4)
Interim Reports
15(5)
Evolving Issue It's Faster but Is It Better?
20(1)
Auditor's and Management's Reports
21(1)
Auditor's Report
21(3)
What Do the Numbers Mean? Heart of the Matter
24(1)
Management's Reports
24(2)
Current Reporting Issues
26(1)
Fraudulent Financial Reporting
26(3)
Internet Financial Reporting
29(1)
Reporting on Financial Forecasts and Projections
30(1)
What Do the Numbers Mean? Global Forecasts
31(1)
Criteria for Making Accounting and Reporting Choices
31(1)
Appendix 24A Basic Financial Statement Analysis
32(1)
Perspective on Financial Statement Analysis
32(1)
Ratio Analysis
33(2)
Limitations of Ratio Analysis
35(1)
Comparative Analysis
36(1)
Percentage (Common-Size) Analysis
37(21)
FASB Codification and Exercises
58(1)
IFRS Insights
59
Appendix A Private Company Accounting 1(1)
The Private Company Council (PCC) 1(1)
Background on the PCC 1(1)
Private Company Decision-Making Framework 1(1)
PCC Accomplishments 2(1)
Private Company Alternatives for Intangible Assets and Goodwill 2(1)
Accounting for Identifiable Intangible Assets 2(2)
Accounting for Goodwill 4(2)
Summary 6
Appendix B Specimen Financial Statements: The Procter & Gamble Company 1(1)
Appendix C Specimen Financial Statements: The Coca-Cola Company 1(1)
Appendix D Specimen Financial Statements: PepsiCo, Inc. 1(1)
Appendix E Specimen Financial Statements: Marks and Spencer plc 1(1)
Index 1