1 Financial Reporting and Accounting Standards |
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1-1 | (1) |
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Revolution In International Financial Reporting |
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1-2 | (1) |
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1-3 | (1) |
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Financial Statements and Financial Reporting |
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1-4 | (1) |
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Accounting and Capital Allocation |
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1-4 | (1) |
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1-5 | (1) |
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Objective of Financial Reporting |
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1-6 | (1) |
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General-Purpose Financial Statements |
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1-6 | (1) |
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Equity Investors and Creditors |
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1-6 | (1) |
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What Do The Numbers Mean? Don't Forget Stewardship |
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1-6 | (1) |
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1-6 | (1) |
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1-7 | (1) |
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Standard-Setting Organizations |
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1-7 | (1) |
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International Organization of Securities Commissions (10SCO) |
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1-8 | (1) |
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What Do The Numbers Mean? How Is It Going? |
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1-8 | (1) |
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International Accounting Standards Board (IASB) |
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1-9 | (1) |
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1-11 | (1) |
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Financial Reporting Challenges |
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1-12 | (1) |
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IFRS in a Political Environment |
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1-12 | (1) |
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What Do The Numbers Mean? Fair Consequences? |
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1-13 | (1) |
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1-13 | (1) |
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Significant Financial Reporting Issues |
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1-14 | (1) |
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Ethics in the Environment of Financial Accounting |
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1-14 | (1) |
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International Convergence |
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1-15 | (1) |
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What Do The Numbers Mean? Can You Do That? |
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1-15 | (1) |
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1-16 | (1) |
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Global Accounting Insights |
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1-24 | (1) |
2 Conceptual Framework for Financial Reporting |
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2-1 | (1) |
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2-2 | (1) |
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2-3 | (1) |
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Need for a Conceptual Framework |
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2-3 | (1) |
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What Do The Numbers Mean? What's Your Principle? |
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2-4 | (1) |
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Development of a Conceptual Framework |
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2-4 | (1) |
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Overview of the Conceptual Framework |
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2-5 | (1) |
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2-6 | (1) |
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2-6 | (1) |
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Qualitative Characteristics of Accounting Information |
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2-6 | (1) |
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What Do The Numbers Mean? Unfaithful-For 20 Years |
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2-10 | (1) |
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What Do The Numbers Mean? Show Me the Earnings! |
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2-12 | (1) |
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2-12 | (1) |
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2-13 | (1) |
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Economic Entity Assumption |
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2-13 | (1) |
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2-14 | (1) |
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2-14 | (1) |
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2-15 | (1) |
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Accrual Basis of Accounting |
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2-15 | (1) |
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Measurement, Recognition, and Disclosure Concepts |
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2-16 | (1) |
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Basic Principles of Accounting |
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2-16 | (1) |
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2-20 | (1) |
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What Do The Numbers Mean? Let's Be Prudent |
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2-21 | (1) |
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2-21 | (1) |
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Evolving Issue A Revised Conceptual Framework |
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2-22 | (1) |
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Global Accounting Insights |
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2-37 | (1) |
3 The Accounting Information System |
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3-1 | (1) |
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Needed: A Reliable Information System |
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3-2 | (1) |
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Accounting Information System |
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3-3 | (1) |
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3-4 | (1) |
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3-4 | (1) |
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3-5 | (1) |
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Financial Statements and Ownership Structure |
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3-7 | (1) |
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3-8 | (1) |
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Record and Summarize Basic Transactions |
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3-10 | (1) |
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3-10 | (1) |
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3-11 | (1) |
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3-12 | (1) |
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The Recording Process Illustrated |
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3-13 | (1) |
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3-18 | (1) |
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What Do The Numbers Mean? Change Management |
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3-19 | (1) |
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Identify and Prepare Adjusting Entries |
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3-19 | (1) |
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Types of Adjusting Entries |
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3-20 | (1) |
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Adjusting Entries for Deferrals |
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3-20 | (1) |
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Adjusting Entries for Accruals |
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3-25 | (1) |
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3-29 | (1) |
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Preparing Financial Statements |
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3-30 | (1) |
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What Do The Numbers Mean? 24/7 Accounting |
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3-31 | (1) |
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3-32 | (1) |
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Post-Closing Trial Balance |
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3-33 | (1) |
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Reversing Entries-An Optional Step |
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3-34 | (1) |
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What Do The Numbers Mean? Hey, It's Complicated |
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3-35 | (1) |
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The Accounting Cycle Summarized |
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3-35 | (1) |
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Financial Statements for a Merchandising Company |
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3-36 | (1) |
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3-36 | (1) |
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Retained Earnings Statement |
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3-36 | (1) |
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Statement of Financial Position |
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3-37 | (1) |
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3-38 | (1) |
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Appendix 3A Cash-Basis Accounting versus Accrual-Basis Accounting |
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3-38 | (1) |
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Conversion from Cash Basis to Accrual Basis |
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3-40 Service Revenue Computation 3-41 | (1) |
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Operating Expense Computation |
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3-41 | (1) |
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Theoretical Weaknesses of the Cash Basis |
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3-43 | (1) |
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Appendix 3B Using Reversing Entries |
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3-43 | (1) |
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Illustration of Reversing Entries-Accruals |
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3-43 | (1) |
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Illustration of Reversing Entries-Deferrals |
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3-44 | (1) |
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Summary of Reversing Entries |
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3-45 | (1) |
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Appendix 3C Using A Worksheet: The Accounting Cycle Revisited |
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3-46 | (1) |
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3-46 | (1) |
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3-46 | (1) |
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3-46 | (1) |
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Adjustments Entered on the Worksheet |
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3-46 | (1) |
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3-48 | (1) |
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Income Statement and Statement of Financial Position Columns |
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3-48 | (1) |
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Preparing Financial Statements from a Worksheet |
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3-49 | (1) |
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Global Accounting Insights |
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3-72 | (1) |
4 Income Statement and Related Information |
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4-1 | (1) |
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Financial Statements Are Changing |
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4-2 | (1) |
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4-3 | (1) |
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Usefulness of the Income Statement |
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4-3 | (1) |
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Limitations of the Income Statement |
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4-4 | (1) |
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4-4 | (1) |
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What Do The Numbers Mean? Four: The Loneliest Number |
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4-5 | (1) |
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Content and Format of the Income Statement |
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4-5 | (1) |
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Elements of the Income Statement |
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4-5 | (1) |
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Intermediate Components of the Income Statement |
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4-6 | (1) |
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Condensed Income Statements |
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4-8 | (1) |
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What Do The Numbers Mean? You May Need a Map |
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4-8 | (1) |
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Reporting Various Income Items |
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4-9 | (1) |
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4-9 | (1) |
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4-9 | (1) |
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What Do The Numbers Mean? Are One-Time Charges Bugging You? |
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4-12 | (1) |
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4-12 | (1) |
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4-13 | (1) |
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4-13 | (1) |
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4-14 | (1) |
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Allocation to Non-Controlling Interest |
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4-17 | (1) |
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4-17 | (1) |
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What Do The Numbers Mean? Different Income Concepts |
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4-18 | (1) |
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Accounting Changes and Errors |
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4-19 | (1) |
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Changes in Accounting Principle |
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4-19 | (1) |
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Changes in Accounting Estimates |
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4-20 | (1) |
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4-20 | (1) |
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4-20 | (1) |
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Related Equity Statements |
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4-21 | (1) |
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Retained Earnings Statement |
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4-21 | (1) |
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Comprehensive Income Statement |
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4-22 | (1) |
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Evolving Issue Income Reporting |
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4-23 | (1) |
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Statement of Changes in Equity |
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4-24 | (1) |
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Global Accounting Insights |
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4-43 | (1) |
5 Statement of Financial Position and Statement of Cash Flows |
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5-1 | (1) |
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5-1 | (1) |
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Statement of Financial Position |
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5-3 | (1) |
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Usefulness of the Statement of Financial Position |
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5-3 | (1) |
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Limitations of the Statement of Financial Position |
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5-4 | (1) |
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Classification in the Statement of Financial Position |
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5-5 | (1) |
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What Do The Numbers Mean? What Comes First? |
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5-6 | (1) |
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Preparation of the Statement of Financial Position |
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5-14 | (1) |
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What Do The Numbers Mean? Warning Signals |
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5-14 | (1) |
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5-16 | (1) |
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Purpose of the Statement of Cash Flows |
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5-16 | (1) |
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Content of the Statement of Cash Flows |
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5-16 | (1) |
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What Do The Numbers Mean? Watch That Cash Flow |
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5-17 | (1) |
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Preparation of the Statement of Cash Flows |
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5-18 | (1) |
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Usefulness of the Statement of Cash Flows |
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5-21 | (1) |
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5-24 | (1) |
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Notes to the Financial Statements |
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5-24 | (1) |
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5-27 | (1) |
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5-28 | (1) |
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Evolving Issue Statement of Financial Position Reporting: Gross or Net? |
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5-29 | (1) |
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Appendix 5A Ratio Analysis-A Reference |
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5-30 | (1) |
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Using Ratios to Analyze Performance |
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5-30 | (1) |
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Global Accounting Insights |
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5-56 | (1) |
6 Accounting and the Time Value of Money |
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6-1 | (1) |
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6-2 | (1) |
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Basic Time Value Concepts |
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6-3 | (1) |
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Applications of Time Value Concepts |
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6-3 | (1) |
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6-4 | (1) |
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6-5 | (1) |
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6-5 | (1) |
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What Do The Numbers Mean? A Pretty Good Start |
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6-6 | (1) |
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6-8 | (1) |
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6-9 | (1) |
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Future Value of a Single Sum |
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6-9 | (1) |
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Present Value of a Single Sum |
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6-11 | (1) |
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Solving for Other Unknowns in Single-Sum Problems |
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6-12 | (1) |
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6-14 | (1) |
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Future Value of an Ordinary Annuity |
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6-14 | (1) |
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Future Value of an Annuity Due |
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6-16 | (1) |
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Examples of Future Value of Annuity Problems |
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6-18 | (1) |
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Annuities (Present Value) |
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6-19 | (1) |
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Present Value of an Ordinary Annuity |
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6-19 | (1) |
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What Do The Numbers Mean? Up in Smoke |
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6-21 | (1) |
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Present Value of an Annuity Due |
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6-21 | (1) |
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Examples of Present Value of Annuity Problems |
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6-22 | (1) |
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Other Time Value of Money Issues |
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6-24 | (1) |
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6-24 | (1) |
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Valuation of Long-Term Bonds |
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6-26 | (1) |
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Effective-Interest Method of Amortization of Bond Discount or Premium |
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6-27 | (1) |
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Present Value Measurement |
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6-28 | (1) |
7 Cash and Receivables |
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7-1 | (1) |
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7-1 | (1) |
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7-2 | (1) |
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7-3 | (1) |
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Summary of Cash-Related Items |
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7-4 | (1) |
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What Do The Numbers Mean? Deep Pockets |
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7-5 | (1) |
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7-6 | (1) |
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Recognition of Accounts Receivable |
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7-6 | (1) |
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Measurement of the Transaction Price |
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7-7 | (1) |
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7-7 | (1) |
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Valuation of Accounts Receivable |
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7-10 | (1) |
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Direct Write-Off Method for Uncollectible Accounts |
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7-10 | (1) |
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Allowance Method for Uncollectible Accounts |
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7-11 | (1) |
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7-14 | (1) |
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Recognition of Notes Receivable |
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7-14 | (1) |
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Valuation of Notes Receivable |
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7-18 | (1) |
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What Do The Numbers Mean? Economic Consequences and Write-Offs |
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7-18 | (1) |
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Other Issues Related to Receivables |
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7-19 | (1) |
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Derecognition of Receivables |
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7-19 | (1) |
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Presentation and Analysis |
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7-23 | (1) |
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What Do The Numbers Mean? I'm Still Waiting |
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7-25 | (1) |
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Appendix 7A Cash Controls |
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7-26 | (1) |
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7-26 | (1) |
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The Imprest Petty Cash System |
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7-27 | (1) |
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Physical Protection of Cash Balances |
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7-28 | (1) |
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Reconciliation of Bank Balances |
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7-28 | (1) |
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Global Accounting Insights |
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7-56 | (1) |
8 Valuation of Inventories: A Cost-Basis Approach |
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8-1 | (1) |
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It Should Be Easy, But It Isn't! |
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8-1 | (1) |
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8-3 | (1) |
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8-3 | (1) |
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8-4 | (1) |
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8-6 | (1) |
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Determining Cost of Goods Sold |
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8-7 | (1) |
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What Do The Numbers Mean? Staying Lean |
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8-7 | (1) |
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Goods and Costs Included in Inventory |
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8-7 | (1) |
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Goods Included in Inventory |
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8-7 | (1) |
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What Do The Numbers Mean? No Parking! |
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8-10 | (1) |
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Costs Included in Inventory |
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8-10 | (1) |
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Which Cost Flow Assumption to Adopt? |
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8-12 | (1) |
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8-12 | (1) |
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8-13 | (1) |
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First-In, First-Out (FIFO) |
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8-14 | (1) |
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Inventory Valuation Methods-Summary Analysis |
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8-16 | (1) |
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Effect of Inventory Errors |
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8-17 | (1) |
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Ending Inventory Misstated |
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8-17 | (1) |
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Purchases and Inventory Misstated |
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8-18 | (1) |
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Appendix 8A LIFO Cost Flow Assumption |
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8-19 | (1) |
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Last-In, First-Out (LIFO) |
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8-19 | (1) |
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Inventory Valuation Methods-Summary Analysis |
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8-20 | (1) |
9 Inventories: Additional Valuation Issues |
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9-1 | (1) |
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9-2 | (1) |
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Lower-of-Cost-or-Net Realizable Value (LCNRV) |
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9-3 | (1) |
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9-3 | (1) |
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9-3 | (1) |
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Methods of Applying LCNRV |
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9-4 | (1) |
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Recording Net Realizable Value Instead of Cost |
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9-5 | (1) |
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9-6 | (1) |
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Recovery of Inventory Loss |
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9-6 | (1) |
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Evaluation of the LCNRV Rule |
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9-7 | (1) |
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9-7 | (1) |
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9-7 | (1) |
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Relative Standalone Sales Value |
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9-10 | (1) |
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Purchase Commitments-A Special Problem |
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9-11 | (1) |
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The Gross Profit Method of Estimating Inventory |
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9-12 | (1) |
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Computation of Gross Profit Percentage |
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9-13 | (1) |
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Evaluation of Gross Profit Method |
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9-15 | (1) |
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What Do The Numbers Mean? The Squeeze |
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9-15 | (1) |
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9-15 | (1) |
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9-16 | (1) |
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Retail Inventory Method with Markups and Markdowns-Conventional Method |
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9-17 | (1) |
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Special Items Relating to Retail Method |
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9-19 | (1) |
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Evaluation of Retail Inventory Method |
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9-20 | (1) |
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Presentation and Analysis |
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9-20 | (1) |
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Presentation of Inventories |
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9-21 | (1) |
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9-22 | (1) |
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Global Accounting Insights |
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9-42 | (1) |
10 Acquisition and Disposition of Property, Plant, and Equipment |
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10-1 | (1) |
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10-1 | (1) |
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Property, Plant, and Equipment |
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10-3 | (1) |
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Acquisition of Property, Plant, and Equipment |
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10-3 | (1) |
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10-4 | (1) |
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10-5 | (1) |
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10-5 | (1) |
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10-5 | (1) |
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Interest Costs During Construction |
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10-6 | (1) |
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10-7 | (1) |
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10-7 | (1) |
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10-7 | (1) |
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Comprehensive Example of Interest Capitalization |
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10-9 | (1) |
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Special Issues Related to Interest Capitalization |
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10-11 | (1) |
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10-11 | (1) |
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What Do The Numbers Mean? What's in Your Interest? |
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10-11 | (1) |
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Valuation of Property, Plant, and Equipment |
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10-12 | (1) |
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10-12 | (1) |
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Deferred-Payment Contracts |
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10-12 | (1) |
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10-13 | (1) |
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10-14 | (1) |
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Exchanges of Non-Monetary Assets |
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10-14 | (1) |
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10-17 | (1) |
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Costs Subsequent to Acquisition |
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10-21 | (1) |
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10-21 | (1) |
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Improvements and Replacements |
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10-21 | (1) |
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Rearrangement and Reorganization |
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10-22 | (1) |
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10-22 | (1) |
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What Do The Numbers Mean? Disconnected |
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10-23 | (1) |
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Summary of Costs Subsequent to Acquisition |
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10-23 | (1) |
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Disposition of Property, Plant, and Equipment |
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10-24 | (1) |
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10-24 | (1) |
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10-24 | (1) |
11 Depreciation, Impairments, and Depletion |
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11-1 | (1) |
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11-2 | (1) |
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Depreciation-A Method of Cost Allocation |
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11-3 | (1) |
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Factors Involved in the Depreciation Process |
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11-4 | (1) |
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11-5 | (1) |
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Other Depreciation Issues |
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11-8 | (1) |
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11-8 | (1) |
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Depreciation and Partial Periods |
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11-9 | (1) |
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Depreciation and Replacement of Property, Plant, and Equipment |
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11-10 | (1) |
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Revision of Depreciation Rates |
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11-10 | (1) |
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What Do The Numbers Mean? Depreciation Choices |
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11-11 | (1) |
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11-12 | (1) |
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11-12 | (1) |
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11-13 | (1) |
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Reversal of Impairment Loss |
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11-14 | (1) |
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11-15 | (1) |
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Impairment of Assets to Be Disposed Of |
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11-15 | (1) |
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11-16 | (1) |
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Establishing a Depletion Base |
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11-17 | (1) |
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Write-Off of Resource Cost |
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11-18 | (1) |
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Estimating Recoverable Reserves |
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11-19 | (1) |
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11-19 | (1) |
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Presentation on the Financial Statements |
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11-20 | (1) |
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11-21 | (1) |
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11-21 | (1) |
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11-22 | (1) |
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What Do The Numbers Mean? To Revalue or Not |
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11-23 | (1) |
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Presentation and Analysis |
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11-23 | (1) |
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Presentation of Property, Plant, Equipment, and Mineral Resources |
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11-23 | (1) |
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Analysis of Property, Plant, and Equipment |
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11-25 | (1) |
|
Appendix 11A Revaluation of Property, Plant, and Equipment |
|
|
11-26 | (1) |
|
|
11-27 | (1) |
|
Revaluation-2019: Valuation Increase |
|
|
11-27 | (1) |
|
Revaluation-2020: Decrease below Historical Cost |
|
|
11-27 | (1) |
|
Revaluation-2021: Recovery of Impairment Loss |
|
|
11-28 | (1) |
|
Revaluation of Depreciable Assets |
|
|
11-29 | (1) |
|
Revaluation-2019: Valuation Increase |
|
|
11-29 | (1) |
|
Revaluation-2020: Decrease below Historical Cost |
|
|
11-30 | (1) |
|
Revaluation-2021: Recovery of Impairment Loss |
|
|
11-31 | (1) |
|
Global Accounting Insights |
|
|
11-55 | (1) |
12 Intangible Assets |
|
12-1 | (1) |
|
|
12-1 | (1) |
|
|
12-2 | (1) |
|
|
12-2 | (1) |
|
|
12-3 | (1) |
|
Amortization of Intangibles |
|
|
12-4 | (1) |
|
Types of Intangible Assets |
|
|
12-5 | (1) |
|
Marketing-Related Intangible Assets |
|
|
12-6 | (1) |
|
What Do The Numbers Mean? Keep Your Hands Off My Intangible! |
|
|
12-6 | (1) |
|
Customer-Related Intangible Assets |
|
|
12-6 | (1) |
|
Artistic-Related Intangible Assets |
|
|
12-7 | (1) |
|
Contract-Related Intangible Assets |
|
|
12-8 | (1) |
|
Technology-Related Intangible Assets |
|
|
12-8 | (1) |
|
What Do The Numbers Mean? Patent Battles |
|
|
12-9 | (1) |
|
What Do The Numbers Mean? Patents-Strategic Lifeblood |
|
|
12-10 | (1) |
|
|
12-10 | (1) |
|
Impairment and Presentation of Intangible Assets |
|
|
12-13 | (1) |
|
Impairment of Limited-Life Intangibles |
|
|
12-14 | (1) |
|
Reversal of Impairment Loss |
|
|
12-14 | (1) |
|
Impairment of Indefinite-Life Intangibles Other Than Goodwill |
|
|
12-15 | (1) |
|
|
12-15 | (1) |
|
Presentation of Intangible Assets |
|
|
12-16 | (1) |
|
Research and Development Costs |
|
|
12-18 | (1) |
|
What Do The Numbers Mean? Global R&D Incentives |
|
|
12-18 | (1) |
|
Identifying R&D Activities |
|
|
12-19 | (1) |
|
Accounting for R&D Activities |
|
|
12-20 | (1) |
|
Evolving Issue Recognition of R&D and Internally Generated Intangibles |
|
|
12-21 | (1) |
|
Costs Similar to R&D Costs |
|
|
12-21 | (1) |
|
What Do The Numbers Mean? Branded |
|
|
12-22 | (1) |
|
Presentation of Research and Development Costs |
|
|
12-23 | (1) |
|
Global Accounting Insights |
|
|
12-42 | (1) |
13 Current Liabilities, Provisions, and Contingencies |
|
13-1 | (1) |
|
Now You See It, Now You Don't |
|
|
13-2 | (1) |
|
|
13-3 | (1) |
|
|
13-4 | (1) |
|
|
13-4 | (1) |
|
Current Maturities of Long-Term Debt |
|
|
13-6 | (1) |
|
Short-Term Obligations Expected to Be Refinanced |
|
|
13-6 | (1) |
|
What Do The Numbers Mean? Going, Going, Gone |
|
|
13-7 | (1) |
|
|
13-8 | (1) |
|
Customer Advances and Deposits |
|
|
13-8 | (1) |
|
|
13-8 | (1) |
|
What Do The Numbers Mean? Microsoft's Liabilities-Good or Bad? |
|
|
13-9 | (1) |
|
Sales and Value-Added Taxes Payable |
|
|
13-9 | (1) |
|
|
13-11 | (1) |
|
Employee-Related Liabilities |
|
|
13-12 | (1) |
|
|
13-15 | (1) |
|
Recognition of a Provision |
|
|
13-15 | (1) |
|
Measurement of Provisions |
|
|
13-16 | (1) |
|
Common Types of Provisions |
|
|
13-17 | (1) |
|
What Do The Numbers Mean? Frequent Flyers |
|
|
13-21 | (1) |
|
Evolving Issue Greenhouse Gases: Let's Be Standard-Setters |
|
|
13-23 | (1) |
|
Disclosures Related to Provisions |
|
|
13-26 | (1) |
|
|
13-27 | (1) |
|
|
13-27 | (1) |
|
|
13-28 | (1) |
|
Presentation and Analysis |
|
|
13-28 | (1) |
|
Presentation of Current Liabilities |
|
|
13-28 | (1) |
|
Analysis of Current Liabilities |
|
|
13-29 | (1) |
|
What Do The Numbers Mean? I'll Pay You Later |
|
|
13-30 | (1) |
14 Non-Current Liabilities |
|
14-1 | (1) |
|
|
14-1 | (1) |
|
|
14-2 | (1) |
|
|
14-3 | (1) |
|
|
14-3 | (1) |
|
What Do The Numbers Mean? All About Bonds |
|
|
14-4 | (1) |
|
Valuation and Accounting for Bonds Payable |
|
|
14-4 | (1) |
|
What Do The Numbers Mean? How About a 100-Year Bond? |
|
|
14-7 | (1) |
|
Effective-Interest Method |
|
|
14-7 | (1) |
|
|
14-12 | (1) |
|
Notes Issued at Face Value |
|
|
14-12 | (1) |
|
Notes Not Issued at Face Value |
|
|
14-12 | (1) |
|
Special Notes Payable Situations |
|
|
14-14 | (1) |
|
|
14-16 | (1) |
|
Extinguishment of Non-Current Liabilities |
|
|
14-17 | (1) |
|
Extinguishment with Cash before Maturity |
|
|
14-17 | (1) |
|
Extinguishment by Exchanging Assets or Securities |
|
|
14-19 | (1) |
|
Extinguishment with Modification of Terms |
|
|
14-19 | (1) |
|
Presentation and Analysis |
|
|
14-21 | (1) |
|
|
14-21 | (1) |
|
Off-Balance-Sheet Financing |
|
|
14-22 | (1) |
|
Evolving Issue Off-and-On Reporting |
|
|
14-24 | (1) |
|
Presentation of Non-Current Liabilities |
|
|
14-24 | (1) |
|
Analysis of Non-Current Liabilities |
|
|
14-26 | (1) |
|
Global Accounting Insights |
|
|
14-44 | (1) |
15 Equity |
|
15-1 | (1) |
|
|
15-1 | (1) |
|
|
15-3 | (1) |
|
|
15-3 | (1) |
|
What Do The Numbers Mean? A Class (B) Act |
|
|
15-4 | (1) |
|
|
15-5 | (1) |
|
|
15-5 | (1) |
|
|
15-9 | (1) |
|
|
15-10 | (1) |
|
What Do The Numbers Mean? Signals to Buy? |
|
|
15-11 | (1) |
|
Purchase of Treasury Shares |
|
|
15-12 | (1) |
|
|
15-13 | (1) |
|
|
15-14 | (1) |
|
What Do The Numbers Mean? Buyback Volatility |
|
|
15-14 | (1) |
|
|
15-14 | (1) |
|
Financial Condition and Dividend Distributions |
|
|
15-15 | (1) |
|
|
15-15 | (1) |
|
Share Dividends and Share Splits |
|
|
15-18 | (1) |
|
What Do The Numbers Mean? Dividends Up, Dividends Down |
|
|
15-20 | (1) |
|
Presentation and Analysis of Equity |
|
|
15-21 | (1) |
|
|
15-21 | (1) |
|
|
15-22 | (1) |
|
Appendix 15A Dividend Preferences and Book Value per Share |
|
|
15-24 | (1) |
|
|
15-24 | (1) |
|
|
15-26 | (1) |
|
Global Accounting Insights |
|
|
15-46 | (1) |
16 Dilutive Securities and Earnings per Share |
|
16-1 | (1) |
|
|
16-2 | (1) |
|
|
16-3 | (1) |
|
|
16-3 | (1) |
|
|
16-3 | (1) |
|
Convertible Preference Shares |
|
|
16-8 | (1) |
|
What Do The Numbers Mean? How Low Can You Go? |
|
|
16-9 | (1) |
|
|
16-9 | (1) |
|
Share Warrants Issued with Other Securities |
|
|
16-10 | (1) |
|
Rights to Subscribe to Additional Shares |
|
|
16-11 | (1) |
|
|
16-12 | (1) |
|
Measurement-Share Compensation |
|
|
16-13 | (1) |
|
Recognition-Share Compensation |
|
|
16-14 | (1) |
|
|
16-16 | (1) |
|
Employee Share-Purchase Plans |
|
|
16-17 | (1) |
|
Disclosure of Compensation Plans |
|
|
16-18 | (1) |
|
Debate over Share-Option Accounting |
|
|
16-18 | (1) |
|
|
16-20 | (1) |
|
Earnings per Share-Simple Capital Structure |
|
|
16-20 | (1) |
|
|
16-23 | (1) |
|
Diluted Earnings per Share |
|
|
16-24 | (1) |
|
Diluted EPS-Convertible Securities |
|
|
16-25 | (1) |
|
Diluted EPS-Options and Warrants |
|
|
16-27 | (1) |
|
Contingently Issuable Shares |
|
|
16-28 | (1) |
|
|
16-28 | (1) |
|
EPS Presentation and Disclosure |
|
|
16-29 | (1) |
|
Summary of EPS Computation |
|
|
16-30 | (1) |
|
Appendix 16A Accounting for Share-Appreciation Rights |
|
|
16-31 | (1) |
|
SARS-Share-Based Equity Awards |
|
|
16-32 | (1) |
|
SARS-Share-Based Liability Awards |
|
|
16-32 | (1) |
|
Share-Appreciation Rights Example |
|
|
16-33 | (1) |
|
Appendix 16B Comprehensive Earnings per Share Example |
|
|
16-34 | (1) |
|
Diluted Earnings Per Share |
|
|
16-35 | (1) |
|
Global Accounting Insights |
|
|
16-57 | (1) |
17 Investments |
|
17-1 | (1) |
|
|
17-1 | (1) |
|
|
17-2 | (1) |
|
Classification and Measurement of Financial Assets |
|
|
17-3 | (1) |
|
A Closer Look at Debt Investments |
|
|
17-4 | (1) |
|
What Do The Numbers Mean? What Is Fair Value? |
|
|
17-12 | (1) |
|
|
17-12 | (1) |
|
Holdings of Less Than 20% |
|
|
17-13 | (1) |
|
What Do The Numbers Mean? The Fair Value Challenge |
|
|
17-17 | (1) |
|
Holdings Between 20% and 50% |
|
|
17-18 | (1) |
|
Holdings of More Than 50% |
|
|
17-20 | (1) |
|
What Do The Numbers Mean? Who's in Control Here? |
|
|
17-20 | (1) |
|
Summary of Reporting Treatment of Investments |
|
|
17-20 | (1) |
|
|
17-21 | (1) |
|
|
17-21 | (1) |
|
What Do The Numbers Mean? Too Little, Too Late |
|
|
17-25 | (1) |
|
|
17-26 | (1) |
|
Transfers Between Categories |
|
|
17-29 | (1) |
|
Evolving Issue Fair Value Controversy |
|
|
17-30 | (1) |
|
Appendix 17A Accounting for Derivative Instruments |
|
|
17-30 | (1) |
|
|
17-31 | (1) |
|
Who Uses Derivatives, and Why? |
|
|
17-31 | (1) |
|
|
17-32 | (1) |
|
Speculators and Arbitrageurs |
|
|
17-32 | (1) |
|
Basic Principles in Accounting for Derivatives |
|
|
17-33 | (1) |
|
Derivative Financial Instrument (Speculation) |
|
|
17-33 | (1) |
|
Differences between Traditional and Derivative Financial Instruments |
|
|
17-36 | (1) |
|
Derivatives Used for Hedging |
|
|
17-36 | (1) |
|
What Do The Numbers Mean? Risky Business |
|
|
17-37 | (1) |
|
|
17-37 | (1) |
|
|
17-39 | (1) |
|
|
17-41 | (1) |
|
|
17-41 | (1) |
|
Qualifying Hedge Criteria |
|
|
17-42 | (1) |
|
Summary of Derivatives Accounting |
|
|
17-43 | (1) |
|
Comprehensive Hedge Accounting Example |
|
|
17-43 | (1) |
|
|
17-44 | (1) |
|
Financial Statement Presentation of an Interest Rate Swap |
|
|
17-45 | (1) |
|
Controversy and Concluding Remarks |
|
|
17-47 | (1) |
|
Appendix 17B Fair Value Disclosures |
|
|
17-47 | (1) |
|
Disclosure of Fair Value Information: Financial Instruments |
|
|
17-47 | (1) |
|
Disclosure of Fair Values: Impaired Assets or Liabilities |
|
|
17-50 | (1) |
|
|
17-51 | (1) |
|
Global Accounting Insights |
|
|
17-75 | (1) |
18 Revenue Recognition |
|
18-1 | (1) |
|
|
18-2 | (1) |
|
Fundamentals of Revenue Recognition |
|
|
18-3 | (1) |
|
|
18-3 | (1) |
|
New Revenue Recognition Standard |
|
|
18-4 | (1) |
|
Overview of the Five-Step Process-Airbus Example |
|
|
18-4 | (1) |
|
Extended Example of the Five-Step Process: BEAN |
|
|
18-5 | (1) |
|
The Five-Step Process Revisited |
|
|
18-9 | (1) |
|
Identifying the Contract with Customers-Step 1 |
|
|
18-9 | (1) |
|
Identifying Separate Performance Obligations-Step 2 |
|
|
18-10 | (1) |
|
Determining the Transaction Price-Step 3 |
|
|
18-11 | (1) |
|
Allocating the Transaction Price to Separate Performance Obligations-Step 4 |
|
|
18-15 | (1) |
|
Recognizing Revenue When (or as) Each Performance Obligation Is Satisfied-Step 5 |
|
|
18-17 | (1) |
|
|
18-18 | (1) |
|
Accounting for Revenue Recognition issues |
|
|
18-19 | (1) |
|
Sales Returns and Allowances |
|
|
18-19 | (1) |
|
|
18-22 | (1) |
|
Bill-and-Hold Arrangements |
|
|
18-24 | (1) |
|
Principal-Agent Relationships |
|
|
18-24 | (1) |
|
|
18-25 | (1) |
|
|
18-26 | (1) |
|
Non-Refundable Upfront Fees |
|
|
18-28 | (1) |
|
|
18-29 | (1) |
|
Presentation and Disclosure |
|
|
18-29 | (1) |
|
|
18-29 | (1) |
|
|
18-33 | (1) |
|
Evolving Issue Revenue: "It's Like an Octopus" |
|
|
18-34 | (1) |
|
Appendix 18A Long-Term Construction Contracts |
|
|
18-34 | (1) |
|
Revenue Recognition Over Time |
|
|
18-34 | (1) |
|
Percentage-of-Completion Method |
|
|
18-35 | (1) |
|
Cost-Recovery (Zero-Profit) Method |
|
|
18-40 | (1) |
|
Long-Term Contract Losses |
|
|
18-42 | (1) |
|
Appendix 18B Revenue Recognition for Franchises |
|
|
18-44 | (1) |
|
|
18-45 | (1) |
|
Recognition of Franchise Rights Revenue over Time |
|
|
18-47 | (1) |
19 Accounting for Income Taxes |
|
19-1 | (1) |
|
|
19-1 | (1) |
|
Fundamentals of Accounting for Income Taxes |
|
|
19-3 | (1) |
|
Future Taxable Amounts and Deferred Taxes |
|
|
19-5 | (1) |
|
What Do The Numbers Mean? "Real Liabilities" |
|
|
19-8 | (1) |
|
Future Deductible Amounts and Deferred Taxes |
|
|
19-8 | (1) |
|
What Do The Numbers Mean? "Real Assets" |
|
|
19-11 | (1) |
|
Deferred Tax Asset (Non-Recognition) |
|
|
19-11 | (1) |
|
|
19-12 | (1) |
|
Income Statement Presentation |
|
|
19-12 | (1) |
|
|
19-13 | (1) |
|
|
19-16 | (1) |
|
What Do The Numbers Mean? Global Tax Rates |
|
|
19-17 | (1) |
|
Accounting for Net Operating Losses |
|
|
19-18 | (1) |
|
|
19-18 | (1) |
|
|
19-19 | (1) |
|
|
19-19 | (1) |
|
Loss Carryforward Example |
|
|
19-20 | (1) |
|
Evolving Issue Uncertain Tax Positions |
|
|
19-23 | (1) |
|
Financial Statement Presentation |
|
|
19-23 | (1) |
|
Statement of Financial Position |
|
|
19-23 | (1) |
|
|
19-24 | (1) |
|
|
19-26 | (1) |
|
What Do The Numbers Mean? The Tax Twist |
|
|
19-27 | (1) |
|
Review of the Asset-Liability Method |
|
|
19-27 | (1) |
|
Appendix 19A Comprehensive Example of Interperiod Tax Allocation |
|
|
19-29 | (1) |
|
|
19-29 | (1) |
|
Taxable Income and Income Taxes Payable-2018 |
|
|
19-30 | (1) |
|
Computing Deferred Income Taxes-End of 2018 |
|
|
19-30 | (1) |
|
Deferred Tax Expense (Benefit) and the Journal Entry to Record Income Taxes-2018 |
|
|
19-31 | (1) |
|
Financial Statement Presentation-2018 |
|
|
19-32 | (1) |
|
|
19-33 | (1) |
|
Taxable Income and Income Taxes Payable-2019 |
|
|
19-33 | (1) |
|
Computing Deferred Income Taxes-End of 2019 |
|
|
19-34 | (1) |
|
Deferred Tax Expense (Benefit) and the Journal Entry to Record Income Taxes-2019 |
|
|
19-34 | (1) |
|
Financial Statement Presentation-2019 |
|
|
19-35 | (1) |
|
Global Accounting Insights |
|
|
19-56 | (1) |
20 Accounting for Pensions and Postretirement Benefits |
|
20-1 | (1) |
|
|
20-2 | (1) |
|
Fundamentals of Pension Plan Accounting |
|
|
20-3 | (1) |
|
Defined Contribution Plan |
|
|
20-4 | (1) |
|
|
20-4 | (1) |
|
What Do The Numbers Mean? Which Plan Is Right for You? |
|
|
20-5 | (1) |
|
The Role of Actuaries in Pension Accounting |
|
|
20-6 | (1) |
|
Measures of the Liability |
|
|
20-6 | (1) |
|
Reporting Changes in the Defined Benefit Obligation (Asset) |
|
|
20-8 | (1) |
|
Plan Assets and Actual Return |
|
|
20-10 | (1) |
|
Using a Pension Worksheet |
|
|
20-11 | (1) |
|
2019 Entries and Worksheet |
|
|
20-12 | (1) |
|
|
20-13 | (1) |
|
|
20-13 | (1) |
|
2020 Entries and Worksheet |
|
|
20-14 | (1) |
|
|
20-15 | (1) |
|
|
20-16 | (1) |
|
Liability Gains and Losses |
|
|
20-16 | (1) |
|
|
|
|
20-16 | (1) |
|
What Do The Numbers Mean? Roller Coaster |
|
|
20-19 | (1) |
|
Reporting Pension Plans in Financial Statements |
|
|
20-19 | (1) |
|
Within the Financial Statements |
|
|
20-20 | (1) |
|
Within the Notes to the Financial Statements |
|
|
20-22 | (1) |
|
Other Postretirement Benefits |
|
|
20-23 | (1) |
|
|
20-24 | (1) |
|
What Do The Numbers Mean? How's Your Volatility? |
|
|
20-24 | (1) |
|
Global Accounting Insights |
|
|
20-45 | (1) |
21 Accounting for Leases |
|
21-1 | (1) |
|
|
21-1 | (1) |
|
|
21-3 | (1) |
|
|
21-3 | (1) |
|
Advantages of Leasing-Lessees |
|
|
21-4 | (1) |
|
|
21-4 | (1) |
|
Advantages of Leasing-Lessors |
|
|
21-5 | (1) |
|
What Do The Numbers Mean? Residual Value Regret |
|
|
21-6 | (1) |
|
|
21-6 | (1) |
|
Measurement of the Lease Liability and Lease Asset |
|
|
21-7 | (1) |
|
Subsequent Lessee Accounting |
|
|
21-9 | (1) |
|
What Do The Numbers Mean? Your Lease Is Killing My Income |
|
|
21-17 | (1) |
|
Summary of Lessee Accounting |
|
|
21-18 | (1) |
|
|
21-18 | (1) |
|
|
21-18 | (1) |
|
Classification of Leases by the Lessor |
|
|
21-19 | (1) |
|
What Do The Numbers Mean? Not so Fast |
|
|
21-21 | (1) |
|
Accounting Measurement and Presentation |
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21-21 | (1) |
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Lessor Accounting for Operating Leases |
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21-26 | (1) |
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Special Lease Accounting Problems |
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21-28 | (1) |
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21-28 | (1) |
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Presentation, Disclosure, and Analysis |
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21-30 | (1) |
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Evolving Issue Bring It On! |
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21-34 | (1) |
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Appendix 21A Sale-Leasebacks |
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21-34 | (1) |
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Accounting Issues in Sale-Leaseback Transactions |
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21-35 | (1) |
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21-36 | (1) |
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Financing Transaction (Failed Sale) |
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21-36 | (1) |
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21-37 | (1) |
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Appendix 21B Comprehensive Example |
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21-38 | (1) |
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21-38 | (1) |
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21-39 | (1) |
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21-39 | (1) |
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21-41 | (1) |
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21-42 | (1) |
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21-42 | (1) |
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Lessor Accounting-Operating Lease |
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21-44 | (1) |
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Global Accounting Insights |
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21-68 | (1) |
22 Accounting Changes and Error Analysis |
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22-1 | (1) |
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Needed: Valid Comparisons |
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22-2 | (1) |
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22-3 | (1) |
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22-3 | (1) |
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Changes in Accounting Policy |
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22-3 | (1) |
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What Do The Numbers Mean? Comparison Challenges-Squared |
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22-5 | (1) |
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22-14 | (1) |
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Changes in Accounting Estimates |
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22-14 | (1) |
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22-15 | (1) |
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What Do The Numbers Mean? A Change for the Better? |
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22-16 | (1) |
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22-17 | (1) |
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22-17 | (1) |
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Example of Error Correction |
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22-18 | (1) |
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What Do The Numbers Mean? Guard the Financial Statements! |
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22-20 | (1) |
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Summary of Accounting Changes and Correction of Errors |
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22-21 | (1) |
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What Do The Numbers Mean? What's Your Motivation? |
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22-22 | (1) |
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22-23 | (1) |
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Statement of Financial Position Errors |
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22-23 | (1) |
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22-23 | (1) |
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Statement of Financial Position and Income Statement Errors |
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22-23 | (1) |
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Comprehensive Example: Numerous Errors |
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22-27 | (1) |
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Preparation of Financial Statements with Error Corrections |
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22-29 | (1) |
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Global Accounting Insights |
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22-53 | (1) |
23 Statement of Cash Flows |
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23-1 | (1) |
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23-1 | (1) |
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The Statement of Cash Flows |
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23-2 | (1) |
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Usefulness of the Statement of Cash Flows |
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23-3 | (1) |
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Classification of Cash Flows |
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23-3 | (1) |
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Cash and Cash Equivalents |
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23-5 | (1) |
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What Do The Numbers Mean? How's My Cash Flow? |
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23-5 | (1) |
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Format of the Statement of Cash Flows |
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23-6 | (1) |
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Preparing the Statement of Cash Flows |
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23-6 | (1) |
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Illustrations-Tax Consultants Inc. |
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23-7 | (1) |
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Sources of Information for the Statement of Cash Flows |
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23-16 | (1) |
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Net Cash Flow from Operating Activities- Direct Method |
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23-16 | (1) |
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Evolving Issue Direct versus Indirect |
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23-21 | (1) |
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Special Problems in Statement Preparation |
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23-22 | (1) |
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Adjustments to Net Income |
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23-22 | (1) |
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Accounts Receivable (Net) |
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23-25 | (1) |
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Other Working Capital Changes |
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23-27 | (1) |
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23-27 | (1) |
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23-28 | (1) |
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What Do The Numbers Mean? Better than ROA? |
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23-29 | (1) |
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23-30 Preparation of the Worksheet 23-31 | (1) |
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23-31 | (1) |
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Preparation of Final Statement |
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23-38 | (1) |
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Global Accounting Insights |
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23-65 | (1) |
24 Presentation and Disclosure in Financial Reporting |
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24-1 | |
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24-1 | (1) |
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Full Disclosure Principle |
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24-3 | (1) |
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Increase in Reporting Requirements |
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24-4 | (1) |
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24-4 | (1) |
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Notes to the Financial Statements |
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24-5 | (1) |
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What Do The Numbers Mean? Footnote Secrets |
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24-8 | (1) |
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24-8 | (1) |
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Disclosure of Special Transactions or Events |
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24-8 | (1) |
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Events after the Reporting Period (Subsequent Events) |
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24-10 | (1) |
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Reporting for Diversified (Conglomerate) Companies |
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24-12 | (1) |
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24-16 | (1) |
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Evolving Issue It's Faster But Is It Better? |
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24-20 | (1) |
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Auditor's And Management's Reports |
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24-20 | (1) |
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24-20 | (1) |
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What Do The Numbers Mean? Heart of the Matter |
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24-23 | (1) |
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24-24 | (1) |
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24-27 | (1) |
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Reporting on Financial Forecasts and Projections |
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24-27 | (1) |
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What Do The Numbers Mean? Global Forecasts |
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24-28 | (1) |
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Internet Financial Reporting |
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24-29 | (1) |
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Fraudulent Financial Reporting |
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24-29 | (1) |
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Criteria for Making Accounting and Reporting Choices |
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24-31 | (1) |
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Evolving Issue Disclosure Overload? |
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24-32 | (1) |
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Appendix 24A Basic Financial Statement Analysis |
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24-32 | (1) |
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Perspective on Financial Statement Analysis |
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24-33 | (1) |
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24-33 | (1) |
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Limitations of Ratio Analysis |
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24-35 | (1) |
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24-36 | (1) |
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Percentage (Common-Size) Analysis |
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24-37 | (1) |
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Appendix 24B First-Time Adoption of IFRS |
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24-38 | (1) |
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24-38 | (1) |
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24-39 | (1) |
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24-39 | (1) |
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Opening IFRS Statement of Financial Position |
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24-39 | (1) |
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Exemptions from Retrospective Treatment |
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24-41 | (1) |
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Presentation and Disclosure |
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24-42 | (1) |
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24-43 | (1) |
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Global Accounting Insights |
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24-64 | |
Appendix A Specimen Financial Statements: Marks and Spencer Group plc |
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A-1 | |
Appendix B Specimen Financial Statements: adidas AG |
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B-1 | |
Appendix C Specimen Financial Statements: Puma Group |
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C-1 | |
Index |
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