Long-Term Asset s © 2009 Larry M Walt her, under nonexclusive license t o Christ opher J Skousen & Vent us Publishing ApS All m at erial in t his publicat ion is copyright ed, and t he exclusive propert y of Larry M Walt her or his licensors ( all right s reserved) I SBN 978- 87- 7681- 488- Download free eBooks at bookboon.com Contents Long-Term Assets Cont ent s Part Long-Term Investments 1.1 Intent-Based Accounting The Fair Value Measurement Option 2.1 2.2 2.3 2.4 2.5 Available for Sale Securities Other Comprehensive Income An Illustration Alternative: A Valuation Adjustments Account Dividends and Interest The Balance Sheet Appearance 10 10 11 12 12 12 3.1 3.2 3.3 3.4 3.5 Held to Maturity Securities The Issue Price Recording the Initial Investments Illustration of Bonds Purchased at Par Illustration of Bonds Purchased at a Premium Illustration of Bonds Purchased at a Discount 15 15 15 16 17 20 The Equity Method of Accounting 22 5.1 5.2 5.3 Investments Requiring Consolidation Economic Entity Concept and Control Accounting Issues Goodwill 24 24 24 26 www.sylvania.com We not reinvent the wheel we reinvent light Fascinating lighting offers an ininite spectrum of possibilities: Innovative technologies and new markets provide both opportunities and challenges An environment in which your expertise is in high demand Enjoy the supportive working atmosphere within our global group and beneit from international career paths Implement sustainable ideas in close cooperation with other specialists and contribute to inluencing our future Come and join us in reinventing light every day Light is OSRAM Click on the ad to read more Download free eBooks at bookboon.com Contents Long-Term Assets 5.4 5.5 The Consolidated Balance Sheet The Consolidated Income Statement 26 27 Part Property, Plant and Equipment 28 6.1 6.2 6.3 6.4 6.5 6.6 6.7 What Costs are Included in Property, Plant and Equipment Cost to Assign to Items of Property, Plant and Equipment Interest Cost Training Costs A Distinction Between Land and Land Improvements Lump-Sum Acquisitions Professional Judgment Materiality Considerations 29 29 30 30 30 31 32 32 Equipment Leases 33 Service Life and Cost Allocation 34 9.1 9.2 Depreciation Methodology Many Methods Some Important Terminology 36 37 37 10 10.1 10.2 The Straight-Line Method Fractional Period Depreciation Spreadsheet Software 40 40 41 360° thinking Discover the truth at www.deloitte.ca/careers © Deloitte & Touche LLP and affiliated entities Click on the ad to read more Download free eBooks at bookboon.com ... reserved) I SBN 978- 87- 7681- 488- Download free eBooks at bookboon.com Contents Long- Term Assets Cont ent s Part Long- Term Investments 1.1 Intent-Based Accounting The Fair Value Measurement Option... Light is OSRAM Click on the ad to read more Download free eBooks at bookboon.com Contents Long- Term Assets 5.4 5.5 The Consolidated Balance Sheet The Consolidated Income Statement 26 27 Part.. .Long- Term Asset s © 2009 Larry M Walt her, under nonexclusive license t o Christ opher J Skousen &