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Loose Leaf Intermediate Accounting 10th ed. [Loose-leaf]

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(Univ of Memphis), (Univ of Oklahoma Norman), (Cornell University Ithaca), (Santa Clara University)
  • Formatas: Loose-leaf, 1408 pages, aukštis x plotis x storis: 284x211x46 mm, weight: 2350 g
  • Išleidimo metai: 02-Jan-2019
  • Leidėjas: McGraw-Hill Education
  • ISBN-10: 1260481956
  • ISBN-13: 9781260481952
Kitos knygos pagal šią temą:
Loose Leaf Intermediate Accounting 10th ed.Didesnis paveikslėlis
  • Formatas: Loose-leaf, 1408 pages, aukštis x plotis x storis: 284x211x46 mm, weight: 2350 g
  • Išleidimo metai: 02-Jan-2019
  • Leidėjas: McGraw-Hill Education
  • ISBN-10: 1260481956
  • ISBN-13: 9781260481952
Kitos knygos pagal šią temą:
Pastovi nuoroda: https://www.kriso.lt/db/9781260481952.html

The Spiceland/Nelson/Thomas author team has created the new standard in Intermediate Accounting by providing students the most accessible, comprehensive, and current Intermediate Accounting learning system. The rigorous yet readable approach has won over instructors across the country while the coherent, consistent voice of this highly dedicated, deeply engaged author team has significantly improved student understanding. The Spiceland team is committed to providing current, comprehensive, and clear coverage of Intermediate Accounting, and the tenth edition continues to leverage Connect as the premier digital teaching and learning tool on the market.

Spiceland/Nelson/Thomas’s Intermediate Accounting excels in fully preparing students for the CPA exam and their future careers through the materials highly acclaimed conversational writing style, carefully tuned pedagogy, and wealth of online tools. The authors help students develop a better understanding of both theoretical and practical concepts, guiding them to a more complete mastery of accounting principles.

The new tenth edition has produced the most cleanly streamlined, thoroughly market-tested, and fully integrated coverage for the latest GAAP and Accounting Standards Updates, as well as tax reforms from the 2017 Tax Cuts and Jobs Act, including:

  • Income Taxes (ch. 16)
  • Leases (ch. 15)
  • Revenue recognition (ch. 5)

An extensive collection of NEW and updated technology assets highlight further enhancements in this edition, such as:

  • Tableau Data Analytics Cases
  • Auto-Graded Decision Makers’ Perspective cases
  • General Ledger Problems
  • Concept Overview Videos
  • Excel Simulations
  • Guided Example Hint Videos
  • ALEKS Accounting Cycle Review

Section 1 The Role of Accounting as an Information System
Chapter 1 Environment and Theoretical Structure of Financial Accounting
2(44)
Part A: Financial Accounting Environment
3(15)
The Economic Environment and Financial Reporting
5(3)
The Investment-Credit Decision-A Cash Flow Perspective
6(1)
Cash versus Accrual Accounting
7(1)
The Development of Financial Accounting and Reporting Standards
8(6)
Historical Perspective and Standards
9(3)
The Standard-Setting Process
12(2)
Encouraging High-Quality Financial Reporting
14(2)
The Role of the Auditor
14(1)
Financial Reporting Reform
15(1)
A Move Away from Rules-Based Standards?
16(2)
Ethics in Accounting
17(1)
Part B: The Conceptual Framework
18(28)
Objective of Financial Reporting
20(1)
Qualitative Characteristics of Financial Reporting Information
20(3)
Fundamental Qualitative Characteristics
20(2)
Enhancing Qualitative Characteristics
22(1)
Key Constraint: Cost Effectiveness
23(1)
Elements of Financial Statements
23(1)
Underlying Assumptions
23(2)
Economic Entity Assumption
23(1)
Going Concern Assumption
24(1)
Periodicity Assumption
25(1)
Monetary Unit Assumption
25(1)
Recognition, Measurement, and Disclosure Concepts
25(6)
Recognition
26(1)
Measurement
27(3)
Disclosure
30(1)
Evolving GAAP
31(15)
Chapter 2 Review of the Accounting Process
46(64)
The Basic Model
48(3)
The Accounting Equation
48(2)
Account Relationships
50(1)
The Accounting Processing Cycle
51(12)
Brief Overview of Accounting Processing Cycle
52(3)
Illustration of Accounting Processing Cycle
55(1)
Journal, Ledger, and Trial Balance
55(6)
Concept Review Exercise: Journal Entries for External Transactions
61(2)
Adjusting Entries
63(9)
Prepayments
64(3)
Accruals
67(2)
Estimates
69(2)
Concept Review Exercise: Adjusting Entries
71(1)
Preparing the Financial Statements
72(4)
The Income Statement and the Statement of Comprehensive Income
72(1)
The Balance Sheet
73(2)
The Statement of Cash Flows
75(1)
The Statement of Shareholders' Equity
76(1)
The Closing Process
76(4)
Concept Review Exercise: Financial Statement Preparation and Closing
78(2)
Conversion from Cash Basis to Accrual Basis
80(4)
Appendix 2A: Using A Worksheet
84(1)
Appendix 2B: Reversing Entries
85(2)
Appendix 2C: Subsidiary Ledgers And Special Journals
87(23)
Chapter 3 The Balance Sheet and Financial Disclosures
110(56)
Part A: The Balance Sheet
112(10)
Usefulness
112(1)
Limitations
113(1)
Classification of Elements
113(8)
Assets
114(4)
Liabilities
118(1)
Shareholders' Equity
119(2)
Concept Review Exercise: Balance Sheet Classification
121(1)
Part B: Annual Report Disclosures
122(8)
Disclosure Notes
122(3)
Summary of Significant Accounting Policies
123(1)
Subsequent Events
123(1)
Noteworthy Events and Transactions
124(1)
Management's Discussion and Analysis
125(1)
Management's Responsibilities
125(1)
Compensation of Directors and Top Executives
126(2)
Auditor's Report
128(2)
Part C: Risk Analysis
130(8)
Using Financial Statement Information
130(38)
Liquidity Ratios
131(2)
Solvency Ratios
133(5)
Appendix 3: Reporting Segment Information
138(28)
Chapter 4 The Income Statement, Comprehensive Income, and the Statement of Cash Flows
166(72)
Part A: The Income Statement and Comprehensive Income
168(21)
Income from Continuing Operations
168(5)
Revenues, Expenses, Gains, and Losses
168(2)
Operating Income versus Nonoperating Income
170(1)
Income Tax Expense
170(1)
Income Statement Formats
171(2)
Earnings Quality
173(4)
Income Smoothing and Classification Shifting
173(1)
Operating Income and Earnings Quality
173(2)
Nonoperating Income and Earnings Quality
175(1)
Non-GAAP Earnings
176(1)
Discontinued Operations
177(5)
What Constitutes a Discontinued Operation?
177(1)
Reporting Discontinued Operations
178(4)
Accounting Changes
182(1)
Change in Accounting Principle
182(1)
Change in Depreciation, Amortization, or Depletion Method
183(1)
Change in Accounting Estimate
183(1)
Correction of Accounting Errors
183(1)
Prior Period Adjustments
183(1)
Earnings per Share
184(1)
Comprehensive Income
185(3)
Flexibility in Reporting
185(2)
Accumulated Other Comprehensive Income
187(1)
Concept Review Exercise: Income Statement Presentation; Comprehensive Income
188(1)
Part B: The Statement of Cash Flows
189(8)
Usefulness of the Statement of Cash Flows
190(1)
Classifying Cash Flows
190(6)
Operating Activities
190(3)
Investing Activities
193(1)
Financing Activities
194(1)
Noncash Investing and Financing Activities
195(1)
Concept Review Exercise: Statement of Cash Flows
196(1)
Part C: Profitability Analysis
197(7)
Activity Ratios
197(42)
Profitability Ratios
199(2)
Profitability Analysis-An Illustration
201(3)
Appendix 4: Interim Reporting
204(34)
Chapter 5 Time Value of Money Concepts
238(38)
Part A: Basic Concepts
239(9)
Time Value of Money
239(1)
Simple versus Compound Interest
240(1)
Future Value of a Single Amount
241(1)
Present Value of a Single Amount
242(3)
Solving for Other Values When FV and PV are Known
243(2)
Concept Review Exercise: Valuing A Single Cash Flow Amount
245(1)
Preview of Accounting Applications of Present Value Techniques-Single Cash Amount
246(2)
Part B: Basic Annuities
248(14)
Future Value of an Annuity
248(2)
Future Value of an Ordinary Annuity
248(2)
Future Value of an Annuity Due
250(1)
Present Value of an Annuity
250(5)
Present Value of an Ordinary Annuity
250(2)
Present Value of an Annuity Due
252(1)
Present Value of a Deferred Annuity
253(2)
Financial Calculators and Excel
255(1)
Solving for Unknown Values in Present Value Situations
255(2)
Concept Review Exercise: Annuities
257(2)
Preview of Accounting Applications of Present Value Techniques-Annuities
259(2)
Valuation of Long-Term Bonds
259(1)
Valuation of Long-Term Leases
260(1)
Valuation of Installment Notes
260(1)
Valuation of Pension Obligations
261(1)
Summary of Time Value of Money Concepts
262(14)
Chapter 6 Revenue Recognition
276(62)
Part A Introduction to Revenue Recognition
278(9)
Recognizing Revenue at a Single Point in Time
280(1)
Recognizing Revenue over a Period of Time
281(2)
Criteria for Recognizing Revenue over Time
281(1)
Determining Progress toward Completion
282(1)
Recognizing Revenue for Contracts that Contain Multiple Performance Obligations
283(3)
Step 2: Identify the Performance Obligation(s)
283(1)
Step 3: Determine the Transaction Price
284(1)
Step 4: Allocate the Transaction Price to Each Performance Obligation
284(1)
Step 5: Recognize Revenue When (Or As) Each Performance Obligation Is Satisfied
284(2)
Concept Review Exercise: Revenue Recognition for Contracts with Multiple Performance Obligations
286(1)
Part B: Special Issues in Revenue Recognition
287(17)
Special Issues for Step 1: Identify the Contract
287(2)
Special Issues for Step 2: Identify the Performance Obligation(s)
289(1)
Special Issues for Step 3: Determine the Transaction Price
290(7)
Special Issues for Step 4: Allocate the Transaction Price to the Performance Obligations
297(1)
Special Issues for Step 5: Recognize Revenue When (Or As) Each Performance Obligation Is Satisfied
298(4)
Disclosures
302(2)
Part C: Accounting for Long-Term Contracts
304(34)
Accounting for a Profitable Long-Term Contract
305(5)
A Comparison of Revenue Recognized Over the Term of the Contract and at the Completion of Contract
310(1)
Long-Term Contract Losses
311(3)
Concept Review Exercise: Long-Term Construction Contracts
314(24)
Section 2 Assets
Chapter 7 Cash and Receivables
338(64)
Part A: Cash and Cash Equivalents
339(4)
Internal Control
340(1)
Internal Control Procedures-Cash Receipts
341(1)
Internal Control Procedures-Cash Disbursements
341(1)
Restricted Cash and Compensating Balances
341(2)
Part B: Current Receivables
343(30)
Accounts Receivable
344(11)
Initial Valuation of Accounts Receivable
344(6)
Subsequent Valuation of Accounts Receivable
350(5)
Concept Review Exercise: Uncollectible Accounts Receivable
355(1)
Notes Receivable
356(6)
Short-Term Interest-Bearing Notes
357(1)
Short-Term Noninterest-Bearing Notes
357(2)
Long-Term Notes Receivable
359(1)
Subsequent Valuation of Notes Receivable
360(2)
Financing with Receivables
362(7)
Secured Borrowing
362(1)
Sale of Receivables
363(2)
Transfers of Notes Receivable
365(1)
Deciding Whether to Account for a Transfer as a Sale or a Secured Borrowing
366(1)
Disclosures
367(2)
Concept Review Exercise: Financing with Receivables
369(4)
Appendix 7A: Cash Controls
373(4)
Appendix 7B: Accounting for a Troubled Debt Restructuring
377(25)
Chapter 8 Inventories: Measurement
402(56)
Part A: Recording and Measuring Inventory
403(26)
Types of Inventory
404(1)
Merchandising Inventory
404(1)
Manufacturing Inventories
404(1)
Types of Inventory Systems
405(3)
Perpetual Inventory System
405(2)
Periodic Inventory System
407(1)
A Comparison of the Perpetual and Periodic Inventory Systems
408(1)
What is Included in Inventory?
408(4)
Physical units Included in Inventory
408(1)
Transactions Affecting Net Purchases
409(3)
Inventory Cost Flow Assumptions
412(12)
Specific Identification
414(1)
Average Cost
414(2)
First-In, First-Out (FIFO)
416(1)
Last-In, First-Out (LIFO)
417(2)
Comparison of Cost Flow Methods
419(1)
Factors Influencing Method Choice
420(2)
LIFO Reserves and LIFO Liquidation
422(2)
Concept Review Exercise: Inventory Cost Flow Methods
424(5)
Part B: Methods of Simplifying LIFO
429(29)
LIFO Inventory Pools
429(1)
Dollar-Value LIFO
430(2)
Cost Indexes
431(1)
The DVL Inventory Estimation Technique
431(1)
Concept Review Exercise: Dollar-Value Lifo
432(27)
Advantages of DVL
433(25)
Chapter 9 Inventories: Additional Issues
458(54)
Part A: Subsequent Measurement of Inventory
459(7)
Lower of Cost or Net Realizable Value (LCNRV)
460(3)
Applying Lower of Cost or Net Realizable Value
461(1)
Adjusting Cost to Net Realizable Value
462(1)
Concept Review Exercise: Lower of Cost or Net Realizable Value
463(2)
Lower of Cost or Market (LCM)
465(1)
Part B: Inventory Estimation Techniques
466(11)
The Gross Profit Method
467(2)
A Word of Caution
467(2)
The Retail Inventory Method
469(6)
Retail Terminology
470(1)
Cost Flow Methods
471(2)
Other Issues Pertaining to the Retail Method
473(2)
Concept Review Exercise: Retail Inventory Method
475(2)
Part C: Dollar-Value LIFO Retail
477(3)
Concept Review Exercise: Dollar-Value LIFO Retail Method
479(1)
Part D: Change in Inventory Method and Inventory Errors
480(7)
Change in Inventory Method
480(2)
Most Inventory Changes
480(1)
Change to the LIFO Method
481(1)
Inventory Errors
482(2)
When the Inventory Error Is Discovered the Following Year
483(1)
When the Inventory Error Is Discovered Two Years Later
484(1)
Concept Review Exercise: Inventory Errors
484(1)
Earnings Quality
485(2)
Appendix 9: Purchase Commitments
487(25)
Chapter 10 Property, Plant, and Equipment and Intangible Assets: Acquisition
512(58)
Part A: Valuation at Acquisition
514(12)
Types of Assets
514(2)
Costs to be Capitalized
516(9)
Property, Plant, and Equipment
516(5)
Intangible Assets
521(4)
Lump-Sum Purchases
525(1)
Part B: Noncash Acquisitions
526(9)
Deferred Payments
526(2)
Issuance of Equity Securities
528(1)
Donated Assets
528(3)
Exchanges
531(3)
Fair Value Not Determinable
532(1)
Lack of Commercial Substance
532(2)
Concept Review Exercise: Exchanges
534(1)
Part C: Self-Constructed Assets and Research and Development
535(13)
Self-Constructed Assets
535(6)
Overhead Allocation
535(1)
Interest Capitalization
536(5)
Research and Development (R&D)
541(30)
Determining R&D Costs
541(3)
Software Development Costs
544(1)
R&D Performed for Others
545(1)
R&D Purchased in Business Acquisitions
546(1)
Start-Up Costs
546(2)
Appendix 10: Oil And Gas Accounting
548(22)
Chapter 11 Property, Plant, and Equipment and Intangible Assets: Utilization and Disposition
570(74)
Part A: Depreciation, Depletion, and Amortization
571(25)
Cost Allocation-an Overview
571(1)
Measuring Cost Allocation
572(2)
Service Life
573(1)
Allocation Base
573(1)
Allocation Method
574(1)
Depreciation
574(6)
Time-Based Depreciation Methods
574(3)
Activity-Based Depreciation Methods
577(3)
Concept Review Exercise: Depreciation Methods
580(9)
Partial Period Depreciation
581(2)
Dispositions
583(2)
Group and Composite Depreciation Methods
585(4)
Depletion of Natural Resources
589(2)
Amortization of Intangible Assets
591(4)
Intangible Assets Subject to Amortization
591(2)
Intangible Assets Not Subject to Amortization
593(2)
Concept Review Exercise: Depletion and Amortization
595(1)
Part B: Additional Issues
596(15)
Change in Estimates
596(1)
Change in Depreciation, Amortization, or Depletion Method
597(1)
Error Correction
598(2)
Impairment of Value
600(10)
Assets Held and Used
600(8)
Assets Held for Sale
608(1)
Impairment Losses and Earnings Quality
609(1)
Concept Review Exercise: Impairment
610(1)
Part C: Subsequent Expenditures
611(33)
Expenditures Subsequent to Acquisition
611(4)
Repairs and Maintenance
611(1)
Additions
612(1)
Improvements
612(1)
Rearrangements
613(1)
Costs of Defending Intangible Rights
613(2)
Appendix 11A: Comparison with MACRS (Tax Depreciation)
615(1)
Appendix 11B: Retirement and Replacement Methods of Depreciation
616(28)
Chapter 12 Investments
644(72)
Part A: Accounting for Debt Investments
646(23)
Example of a Debt Investment
646(3)
Recording the Purchase of a Debt Investment
647(1)
Recording Interest Revenue
647(2)
Three Classifications of Debt Investments
649(1)
Debt Investments to Be Held to Maturity (HTM)
650(2)
Unrealized Holding Gains and Losses Are Not Recognized For HTM Investments
650(1)
Sale of HTM Investments
650(1)
Impairment of HTM Investments
651(1)
Financial Statement Presentation
651(1)
Debt Investments Classified as Trading Securities
652(4)
Adjust Trading Security Investments to Fair Value (2021)
653(1)
Sale of Trading Security Investments
654(2)
Financial Statement Presentation
656(1)
Debt Investments Classified as Available-for-Sale Securities
656(9)
Comprehensive Income
656(1)
Rationale for AFS Treatment of Unrealized Holding Gains and Losses
657(1)
Adjust AFS Investments to Fair Value (2021)
657(1)
Sale of AFS Investments
658(2)
Impairment of AFS Investments
660(1)
Financial Statement Presentation
661(1)
Comparison of HTM, TS, and AFS Approaches
662(1)
Transfers between Reporting Categories
663(1)
Fair Value Option
664(1)
Concept Review Exercise: Debt Investment Securities
665(4)
Financial Statement Presentation and Disclosure
668(1)
Part B: Accounting for Equity Investments
669(47)
When the Investor Does not have Significant Influence: Fair Value through Net Income
669(5)
Purchase Investments
670(1)
Recognize Investment Revenue
670(1)
Adjust Equity Investments to Fair Value (2021)
670(1)
Sell the Equity Investment
671(1)
Adjust Remaining Equity Investments to Fair Value (2022)
672(1)
Financial Statement Presentation
673(1)
When the Investor Has Significant Influence: The Equity Method
674(2)
Control and Significant Influence
674(2)
Purchase of Investment
676(1)
Recording Investment Revenue
676(1)
Receiving Dividends
676(1)
Further Adjustments
676(7)
Adjustments for Additional Depreciation
677(1)
No Adjustments for Land or Goodwill
678(1)
Adjustments for Other Assets and Liabilities
678(1)
Reporting the Investment
678(1)
When the Investment is Acquired in Mid-Year
679(1)
When the Investee Reports a Net Loss
679(1)
Impairment of Equity Method Investments
679(1)
What If Conditions Change?
680(2)
Fair Value Option
682(1)
Concept Review Exercise: The Equity Method
683(4)
Appendix 12A: Other Investments (Special Purpose Funds, Investments in Life Insurance Policies)
687(1)
Appendix 12B: Impairment of Debt Investments
688(28)
Section 3 Liabilities and Shareholders' Equity
Chapter 13 Current Liabilities and Contingencies
716(56)
Part A: Current Liabilities
718(14)
Characteristics of Liabilities
718(1)
What is a Current Liability?
719(1)
Open Accounts and Notes
719(4)
Accounts Payable and Trade Notes Payable
719(1)
Short-Term Notes Payable
720(3)
Commercial Paper
723(1)
Accrued Liabilities
723(3)
Accrued Interest Payable
724(1)
Salaries, Commissions, and Bonuses
724(2)
Liabilities from Advance Collections
726(3)
Deposits and Advances from Customers
726(2)
Gift Cards
728(1)
Collections for Third Parties
728(1)
A Closer Look at the Current and Noncurrent Classification
729(2)
Current Maturities of Long-Term Debt
729(1)
Obligations Callable by the Creditor
729(1)
When Short-Term Obligations Are Expected to Be Refinanced
730(1)
Concept Review Exercise: Current Liabilities
731(1)
Part B: Contingencies
732(15)
Loss Contingencies
732(10)
Product Warranties and Guarantees
735(3)
Litigation Claims
738(1)
Subsequent Events
739(1)
Unasserted Claims and Assessments
740(2)
Gain Contingencies
742(1)
Concept Review Exercise: Contingencies
743(4)
Appendix 13: Payroll-Related Liabilities
747(25)
Chapter 14 Bonds and Long-Term Notes
772(62)
The Nature of Long-Term Debt
773(1)
Part A: Bonds
774(12)
The Bond Indenture
774(1)
Recording Bonds at Issuance
775(3)
Determining the Selling Price
775(2)
Bonds Issued at a Discount
777(1)
Determining Interest-Effective Interest Method
778(6)
Zero-Coupon Bonds
780(1)
Bonds Issued at a Premium
780(2)
When Financial Statements are Prepared between Interest Dates
782(1)
The Straight-Line Method-A Practical Expediency
783(1)
Concept Review Exercise: Issuing Bonds and Recording Interest
784(1)
Debt Issue Costs
785(1)
Part B: Long-Term Notes
786(9)
Note Issued for Cash
786(1)
Note Exchanged for Assets or Services
786(3)
Installment Notes
789(1)
Concept Review Exercise: Note with an Unrealistic Interest Rate
790(1)
Financial Statement Disclosures
791(4)
Part C: Debt Retired Early, Convertible Into Stock, or Providing an Option to Buy Stock
795(6)
Early Extinguishment of Debt
795(1)
Convertible Bonds
795(3)
When the Conversion Option Is Exercised
797(1)
Induced Conversion
798(1)
Bonds with Detachable Warrants
798(2)
Concept Review Exercise: Debt Disclosures and Early Extinguishment of Debt
800(1)
Part D: Option to Report Liabilities at Fair Value
801(4)
Determining Fair Value
801(1)
Reporting Changes in Fair Value
802(1)
Mix and Match
803(2)
Appendix 14A: Bonds Issued Between Interest Dates
805(2)
Appendix 14B: Troubled Debt Restructuring
807(27)
Chapter 15 Leases
834(74)
Part A: Accounting by the Lessor and Lessee
835(20)
Why Lease?
835(1)
Lease Classification
836(3)
Finance Leases and Installment Notes Compared
839(2)
Finance/Sales-Type Leases
841(3)
Recording Interest Expense/Interest Revenue
843(1)
Recording Amortization of the Right-of-Use Asset
843(1)
Concept Review Exercise: Finance Lease/Sales-Type Lease: No Selling Profit
844(2)
Sales-Type Leases with Selling Profit
846(1)
Operating Leases
847(6)
Recording lease Expense/Lease Revenue
848(2)
Reporting Lease Expense and Lease Revenue
850(3)
Discount Rate
853(1)
Concept Review Exercise: Operating Lease
853(2)
Short-Term Leases-A ShortCut Method
855(1)
Part B: Uncertainty in Lease Transactions
855(14)
What if the Lease Term is Uncertain?
856(1)
What if the Lease Payments are Uncertain?
857(1)
What if Lease Terms are Modified?
858(1)
Residual Value
858(7)
Purchase Option
865(3)
Summary of the Lease Uncertainties
868(1)
Remeasurement of the Lease Liability
868(1)
Part C: Other Lease Accounting Issues and Reporting Requirements
869(39)
Is It a Lease?
869(2)
Nonlease Components of Lease Payments
871(3)
Concept Review Exercise: Various Lease Accounting Issues: Finance/Sales-Type Lease
874(2)
Statement of Cash Flow Impact
876(1)
Operating Leases
876(1)
Finance Leases-Lessee
876(1)
Sales-Type Leases-Lessor
876(1)
Lease Disclosures
877(2)
Qualitative Disclosures
877(1)
Quantitative Disclosures
877(2)
Appendix 15: Sale-Leaseback Arrangements
879(29)
Chapter 16 Accounting for Income Taxes
908(68)
Part A: Temporary Differences
909(20)
Conceptual Underpinnings
910(2)
The 4-Step Process
911(1)
Types of Temporary Differences
911(1)
Deferred Tax Liabilities
912(7)
Expense-Related Deferred Tax Liabilities
912(3)
Balance Sheet and Income Statement Perspectives
915(1)
Revenue-Related Deferred Tax Liabilities
916(3)
Deferred Tax Assets
919(6)
Expense-Related Deferred Tax Assets
919(3)
Revenue-Related Deferred Tax Assets
922(3)
Valuation Allowance
925(2)
Disclosures Linking Tax Expense with Changes in Deferred Tax Assets and Liabilities
927(2)
Part B: Permanent Differences
929(4)
Concept Review Exercise: Temporary and Permanent Differences
932(1)
Part C: Other Tax Accounting Issues
933(9)
Tax Rate Considerations
933(2)
When Enacted Tax Rates Differ Between Years
933(1)
Changes in Enacted Tax Laws or Rates
933(2)
Multiple Temporary Differences
935(2)
Net Operating Losses
937(4)
Net Operating Loss Carryforward
937(4)
Financial Statement Presentation
941(1)
Balance Sheet Classification
941(1)
Disclosure Notes
941(1)
Part D: Coping with Uncertainty in Income Taxes
942(34)
Intraperiod Tax Allocation
946(2)
Concept Review Exercise: Multiple Differences and Net Operating Loss
948(28)
Chapter 17 Pensions and Other Postretirement Benefits
976(70)
Part A: The Nature of Pension Plans
978(5)
Defined Contribution Pension Plans
980(1)
Defined Benefit Pension Plans
981(1)
Pension Expense-An Overview
982(1)
Part B: The Pension Obligation and Plan Assets
983(9)
The Pension Obligation
983(7)
Accumulated Benefit Obligation
984(1)
Vested Benefit Obligation
984(1)
Projected Benefit Obligation
984(5)
Illustration Expanded to Consider the Entire Employee Pool
989(1)
Pension Plan Assets
990(2)
Reporting the Funded Status of the Pension Plan
992(1)
Part C: Determining Pension Expense
992(6)
The Relationship between Pension Expense and Changes in the PBO and Plan Assets
992(6)
Components of Pension Expense
992(4)
Income Smoothing
996(2)
Part D: Reporting Issues
998(11)
Recording Gains and Losses
998(2)
Recording the Pension Expense
1000(1)
Reporting Pension Expense in the Income Statement
1000(1)
Recording the Funding of Plan Assets
1001(2)
Comprehensive Income
1003(1)
Income Tax Considerations
1004(1)
Putting the Pieces Together
1004(2)
Settlement or Curtailment of Pension Plans
1006(1)
Concept Review Exercise: Pension Plans
1006(3)
Part E: Postretirement Benefits Other Than Pensions
1009(10)
What Is a Postretirement Benefit Plan?
1010(1)
Postretirement Health Benefits and Pension Benefits Compared
1010(1)
Determining the Net Cost of Benefits
1010(1)
Postretirement Benefit Obligation
1011(1)
Measuring the Obligation
1011(1)
Attribution
1012(1)
Accounting for Postretirement Benefit Plans Other Than Pensions
1012(4)
A Comprehensive Illustration
1014(2)
Concept Review Exercise: Other Postretirement Benefits
1016(3)
Appendix 17: Service Method of Allocating Prior Service Cost
1019(27)
Chapter 18 Shareholders' Equity
1046(58)
Part A: The Nature of Shareholders' Equity
1047(8)
Financial Reporting Overview
1048(3)
Paid-in Capital
1048(1)
Retained Earnings
1049(1)
Treasury Stock
1050(1)
Accumulated Other Comprehensive Income
1050(1)
Reporting Shareholders' Equity
1051(1)
The Corporate Organization
1051(4)
Limited Liability
1053(1)
Ease of Raising Capital
1053(1)
Disadvantages
1054(1)
Types of Corporations
1054(1)
Hybrid Organizations
1054(1)
The Model Business Corporation Act
1055(1)
Part B: Paid-in Capital
1055(13)
Fundamental Share Rights
1055(1)
Distinguishing Classes of Shares
1056(1)
Typical Rights of Preferred Shares
1056(1)
Is It Equity or Is It Debt?
1057(1)
The Concept of Par Value
1057(1)
Accounting for the Issuance of Shares
1058(2)
Par value Shares Issued For Cash
1058(1)
No-Par Shares Issued for Cash
1059(1)
Shares Issued for Noncash Consideration
1059(1)
More Than One Security Issued for a Single Price
1059(1)
Share Issue Costs
1060(1)
Concept Review Exercise: Expansion of Corporate Capital
1060(7)
Share Repurchases
1062(1)
Shares Formally Retired or Viewed as Treasury Stock
1063(1)
Accounting for Retired Shares
1063(2)
Accounting for Treasury Stock
1065(1)
Resale of Shares
1065(2)
Concept Review Exercise: Treasury Stock
1067(1)
Part C: Retained Earnings
1068(11)
Characteristics of Retained Earnings
1068(1)
Dividends
1068(2)
Liquidating Dividend
1069(1)
Retained Earnings Restrictions
1069(1)
Cash Dividends
1069(1)
Property Dividends
1070(1)
Stock Dividends and Splits
1070(6)
Stock Dividends
1070(2)
Stock Splits
1072(1)
Stock Splits Effected in the Form of Stock Dividends (Large Stock Dividends)
1073(3)
Concept Review Exercise: Changes in Retained Earnings
1076(3)
Appendix 18: Quasi Reorganizations
1079(25)
Section 4 Additional Financial Reporting Issues
Chapter 19 Share-Based Compensation and Earnings Per Share
1104(66)
Part A: Share-Based Compensation
1105(14)
Restricted Stock Plans
1106(2)
Restricted Stock Awards
1106(1)
Restricted Stock Units
1106(2)
Stock Option Plans
1108(9)
Expense-The Great Debate
1108(1)
Recognizing the Fair Value of Options
1109(3)
When Options are Exercised
1112(1)
When Unexercised Options Expire
1112(2)
Plans with Graded Vesting
1114(1)
Plans with Performance or Market Conditions
1115(2)
Employee Share Purchase Plans
1117(1)
Concept Review Exercise: Share-Based Compensation Plans
1118(1)
Part B: Earnings Per Share
1119(23)
Basic Earnings Per Share
1119(4)
Issuance of New Shares
1120(1)
Stock Dividends and Stock Splits
1120(2)
Reacquired Shares
1122(1)
Earnings Available to Common Shareholders
1122(1)
Diluted Earnings Per Share
1123(5)
Potential Common Shares
1123(1)
Options, Rights, and Warrants
1123(3)
Convertible Securities
1126(2)
Antidilutive Securities
1128(3)
Options, Warrants, Rights
1128(2)
Convertible Securities
1130(1)
Order of Entry for Multiple Convertible Securities
1130(1)
Concept Review Exercise: Basic and Diluted EPS
1131(2)
Additional EPS Issues
1133(6)
Components of the "Proceeds" in the Treasury Stock Method
1133(1)
Restricted Stock Awards in EPS Calculations
1133(1)
Contingently Issuable Shares
1134(1)
Summary of the Effect of Potential Common Shares on Earnings Per Share
1135(1)
Actual Conversions
1136(1)
Financial Statement Presentation of Earnings Per Share Data
1136(3)
Concept Review Exercise: Additional Eps Issues
1139(3)
Appendix 19A: Option-Pricing Theory
1142(1)
Appendix 19B: Stock Appreciation Rights
1143(27)
Chapter 20 Accounting Changes and Error Corrections
1170(44)
Part A: Accounting Changes
1171(15)
Change in Accounting Principle
1173(7)
The Retrospective Approach: Most Changes in Accounting Principle
1174(4)
The Modified Retrospective Approach
1178(1)
The Prospective Approach
1178(2)
Change in Accounting Estimate
1180(2)
Changing Depreciation, Amortization, and Depletion Methods
1181(1)
Change in Reporting Entity
1182(1)
Errors
1183(1)
Concept Review Exercise: Accounting Changes
1184(2)
Part B: Correction of Accounting Errors
1186(28)
Prior Period Adjustments
1186(1)
Error Correction Illustrated
1187(5)
Error Discovered in the Same Reporting Period That It Occurred
1187(1)
Error Affecting Previous Financial Statements, but Not Net Income
1187(1)
Error Affecting a Prior Year's Net Income
1188(4)
Concept Review Exercise: Correction of Errors
1192(22)
Chapter 21 The Statement of Cash Flows Revisited
1214
Part A: The Content and Value of the Statement of Cash Flows
1215(13)
Cash Inflows and Outflows
1216(1)
Structure of the Statement of Cash Flows
1217(8)
Cash, Cash Equivalents, and Restricted Cash
1219(1)
Primary Elements of the Statement of Cash Flows
1219(6)
Preparation of the Statement of Cash Flows
1225(3)
Part B: Preparing the SCF: Direct Method of Reporting Cash Flows from Operating Activities
1228(22)
Using a Spreadsheet
1228(19)
Income Statement Accounts
1230(8)
Balance Sheet Accounts
1238(9)
Concept Review Exercise: Comprehensive Review
1247(3)
Part C: Preparing the SCF: Indirect Method of Reporting Cash Flows from Operating Activities
1250(8)
Getting There through the Back Door
1250(1)
Components of Net Income that do not Increase or Decrease Cash
1251(1)
Components of Net Income That Do Increase or Decrease Cash
1251(1)
Comparison with the Direct Method
1252(2)
Reconciliation of Net Income to Cash Flows from Operating Activities
1254(4)
Appendix 21A: Spreadsheet for the Indirect Method
1258(4)
Appendix 21B: The T-Account Method of Preparing the Statement of Cash Flows
1262
Appendix A: Derivatives A-2
Appendix B: GAAP Comprehensive Case B-0
Appendix C: IFRS Comprehensive Case C-0
Glossary G-1
Index I-1
Present and Future Value Tables P-1