Intermediate accounting

Tài liệu Incorporating International Financial Reporting Standards (IFRS) into Intermediate Accounting ppt

Tài liệu Incorporating International Financial Reporting Standards (IFRS) into Intermediate Accounting ppt
... authoritativeness Incorporating IFRS into Intermediate Accounting Unit – Introduction Issued by the IASB: • International Financial Reporting Standards (IFRS) • Interpretations originated from the International ... Goes International The Analyst’s Accounting Observer 16 (11) Exercises International Financial Reporting Standards is comprised of which of the following? a International Financial Reporting Standards ... http://www.iasb.org/IFRS+Summaries/IFRS+and+IAS+Summaries+English+2008/IFRS+and+IAS+Summaries+English.htm Incorporating IFRS into Intermediate Accounting Unit – Introduction Unit – Introduction Why learn IFRS? International Financial Reporting Standards, commonly referred...
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UPDATE SUPPLEMENT—1996: INTERMEDIATE ACCOUNTING pptx

UPDATE SUPPLEMENT—1996: INTERMEDIATE ACCOUNTING pptx
... able to: Describe the accounting for the issuance, conversion, and retirement of convertible securities Explain the accounting for convertible preferred stock Contrast the accounting for stock ... sections discuss the accounting for stock otions under both the intrinsic and fair value methods as well as the political debate surrounding stock compensation accounting ACCOUNTING FOR STOCK ... on page 343 as the last paragraph) ‘ Accounting for Transfers and Servicing of Financial Assets and Extinguishments of Liabilities,’’ Statement of Financial Accounting Standards No 125 (Norwalk,...
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Intermediate Accounting - Chap001 docx

Intermediate Accounting - Chap001 docx
... 1-1 1 Cash Versus Accrual Accounting Cash Basis Accounting 1-1 2 Cash Versus Accrual Accounting Cash Basis Accounting Cash flows in any one year may not be a predictor of future cash flows 1-1 3 ... accrual accounting 1-9 Cash Versus Accrual Accounting Cash Basis Accounting Revenue is recognized when cash is received Expenses are recognized when cash is paid 1-1 0 Cash Versus Accrual Accounting ... 1-2 Learning Objectives Describe the function and primary focus of financial accounting 1-3 Financial Accounting Environment Providers of Financial Information Profit-oriented companies Not-for-profit...
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Intermediate Accounting - Chap002 pdf

Intermediate Accounting - Chap002 pdf
... Investments - Owner Withdrawals + Revenue + Gains - Expenses - Losses 2-5 Accounting Equation for a Corporation A = L + SE + Paid-in Capital + Retained Earnings + Revenues - Expenses - Dividends ... Close Temporary Accounts Post-Closing Trial Balance The Accounting Processing Cycle 2-9 Learning Objectives Record transactions using the general journal format 2-1 0 Accounting Processing Cycle ... the entry to the Cash ledger account 2-1 4 Posting Journal Entries 2-1 5 Posting Journal Entries 2-1 6 Posting Journal Entries 2-1 7 Posting Journal Entries 2-1 8 Posting Journal Entries Post the credit...
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Intermediate Accounting - Chap003 ppt

Intermediate Accounting - Chap003 ppt
... Accrued Liabilities Current Maturities Current Maturities of Long-Term Debt of Long-Term Debt 3-1 5 Long-term Liabilities Long-Term Long-Term Liabilities Liabilities Obligations that Obligations that ... market funds, and U.S treasury bills 3-8 Current Assets Current Current Assets Assets Cash Cash Cash Equivalents Cash Equivalents Short-term Investments Short-term Investments Receivables Receivables ... 31-May (In milions) Liabilities: Current liabilities: Current portion of long-term debt Accrued salaries & employee benefits Accounts payable Accrued expenses Total current liabilities Long-term...
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Intermediate Accounting - Chap004 pptx

Intermediate Accounting - Chap004 pptx
... in accounting estimate 4-3 6 Learning Objectives Explain the accounting treatments of changes in estimates and correction of errors 4-3 7 Change in Accounting Estimate Revision of a previous accounting ... continuing operations 4-3 3 Accounting Changes Type of Accounting Change Definition Change in Accounting Principle Change from one GAAP method to another GAAP method Change in Accounting Estimate ... accounting principle 4-3 5 Change in Accounting Principle  Occurs when changing from one GAAP method to another GAAP method  For example, a change from LIFO to FIFO  Voluntary changes in accounting...
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Intermediate Accounting - Chap006 pot

Intermediate Accounting - Chap006 pot
... determinable 6-2 4 6-2 5 No Explicit Interest Some notes not include a stated interest rate We call these notes noninterest-bearing notes Even though the agreement states it is a noninterest-bearing ... 6-6 Compound Interest Assume we will save $1,000 for three years and earn 6% interest compounded annually What is the balance in our account at the end of three years? 6-7 Compound Interest 6-8 ... type to use as the interest rate 6-2 6 Expected Cash Flow Approach Statement of Financial Accounting Concepts No “Using Cash Flow Information and Present Value in Accounting Measurements” The objective...
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Intermediate Accounting - Chap007 pot

Intermediate Accounting - Chap007 pot
... amounts received Close supervision of cash-handling and Close supervision of cash-handling and cash-recording activities cash-recording activities 7-7 Control of Cash Disbursements Separate ... method (b) the net method (b) the net method 7-2 1 Cash Discounts 7-2 2 Learning Objectives Describe the accounting treatment for merchandise returns 7-2 3 Sales Returns and Allowances Sales Returns ... merchandise 7-2 5 Sales Returns and Allowances Sales Returns and Allowances is a contra account that reduces Sales Revenue in the current accounting period 7-2 6 Learning Objectives Describe the accounting...
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Intermediate Accounting - Chap008 doc

Intermediate Accounting - Chap008 doc
... 11,200.00 8-3 1 Moving-Average Perpetual System 8-3 2 Moving-Average Perpetual System $11,600.00 ÷ (80 0-6 00+300) = $23.200 8-3 3 Moving-Average Perpetual System $27,490.00 ÷ (80 0-6 00+30 0-3 00+250+200+400) ... sold 8-2 2 Inventory Cost Flow Methods Specific cost identification Specific cost identification Average cost Average cost First-in, first-out (FIFO) First-in, first-out (FIFO) Last-in, ... Goods acquired for resale resale ••RawMaterials Raw Materials ••Work-in-Process Work-in-Process ••Finished Goods Finished Goods 8-4 Inventory Cost Flows Raw Materials (1) $XX Work in Process $XX...
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Intermediate Accounting - Chap009 potx

Intermediate Accounting - Chap009 potx
... markdowns in the computation markdowns in the computation of the Cost-to-Retail % of the Cost-to-Retail % 9-3 0 Retail Inventory Method - Average Cost Matrix, Inc uses the average cost retail method ... 9-3 1 Retail Inventory Method - Average Cost 9-3 2 Retail Inventory Method - Average Cost x 9-3 3 Learning Objective Explain how the retail inventory method can be made to approximate the lower-of-cost-or-market ... excluded in the excluded in the computation of the computation of the Cost-to-Retail % Cost-to-Retail % 9-3 5 Retail Inventory Method - Average LCM Matrix, Inc uses the average cost retail method Matrix,...
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Intermediate Accounting - Chap011 potx

Intermediate Accounting - Chap011 potx
... years using the first two years using double-declining-balance? double-declining-balance? 1 1-2 5 Double-Declining-Balance (DDB) 1 1-2 6 Double-Declining-Balance (DDB) Year Year 1 2 3 4 5 Depreciation ... Units-of-Production Units-of-Production Depreciation is not taken for Depreciation is not taken for idle assets idle assets This approach looks different 1 1-2 9 Units-of-Production 1 1-3 0 Units-of-Production ... Straightsame as the Straightline Method line Method 1 1-1 6 Sum-of-the-Years’ Digits (SYD) SYD depreciation is computed as follows: 1 1-1 7 Sum-of-the-Years’-Digits (SYD) On January 1, we purchase equipment...
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Intermediate Accounting - Chap012 pot

Intermediate Accounting - Chap012 pot
... reported at cost 1 2-9 Learning Objectives Demonstrate how to identify and account for investments classified for reporting purposes as available-for-sale 1 2-1 0 Securities Available-for-Sale Adjustments ... reporting purposes as held to maturity 1 2-5 Reporting Categories for Investments Held-to-maturity Held-to-maturity (HTM) securities (HTM) securities Securities available Securities available ... transferred 1 2-2 3 Disclosures 1 2-2 4 Learning Objectives Explain what constitutes significant influence by the investor over the operating and financial policies of the investee 1 2-2 5 1 2-2 6 The cost...
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intermediate accounting key

intermediate accounting key
... discussed in an Appendix to the chapter 9-2 Copyright © 2010 John Wiley & Sons, Inc Kieso, Intermediate Accounting, 13/e, Solutions Manual (For Instructor Use Only) ASSIGNMENT CHARACTERISTICS TABLE ... 20–30 40–45 20–30 20–30 P9-4 P9-5 P9-6 P9-7 Copyright © 2010 John Wiley & Sons, Inc Kieso, Intermediate Accounting, 13/e, Solutions Manual Time (minutes) (For Instructor Use Only) 9-3 ASSIGNMENT ... 20–25 10–15 Item P9-8 P9-9 9-4 Description Copyright © 2010 John Wiley & Sons, Inc Kieso, Intermediate Accounting, 13/e, Solutions Manual (For Instructor Use Only) SOLUTIONS TO CODIFICATION EXERCISES...
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