Harford Community College Library

Displaying 1 of 1

2014

Format:	Book
Author:	Kieso, Donald E., author.
Title:	Intermediate accounting / Donald E. Kieso, PhD, CPA, Northern Illinois University, DeKalb, Illinois, Jerry J. Weygandt, PhD, CPA, University of Wisconsin--Madison, Madison, Wisconsin, Terry D. Warfield, PhD, University of Wisconsin--Madison, Madison, Wisconsin.
Edition:	Fifteenth edition, 2014 FASB update.
Publisher, Date:	Hoboken, NJ : John Wiley & Sons, Inc., [2014] ©2013
Description:	xxii, 1557, I-23 pages : color illustrations ; 29 cm
Subjects:	Accounting. Accounting.
Other Author:	Weygandt, Jerry J., author. Warfield, Terry D., author.
Notes:	"2014 FASB update, chapter 18. revenue recognition." Includes bibliographical references and index.
Contents:	Chapter 1 Financial Accounting and Accounting Standards - Ch. 2 Conceptual Framework for Financial Reporting - Ch. 3 The Accounting Information System - Ch. 4 Income Statement and Related Information - Ch. 5 Balance Sheet and Statement of Cash Flows - Ch. 6 Accounting and the Time Value of Money - Ch. 7 Cash and Receivables - Ch. 8 Valuation of Inventories: A Cost-Basis Approach - Ch. 9 Inventories: Additional Valuation Issues - Ch. 10 Acquisition and Disposition of Property, Plant, and Equipment - Ch. 11 Depreciation, Impairments, and Depletion - Ch. 12 Intangible Assets - Ch. 13 Current Liabilities and Contingencies - Ch. 14 Long-Term Liabilities - Ch. 15 Stockholders' Equity - Ch. 16 Dilutive Securities and Earnings per Share - Ch. 17 Investments - Ch. 18 Revenue Recognition - Ch. 19 Accounting for Income Taxes - Ch. 20 Accounting for Pensions and Postretirement Benefits - Ch. 21 Accounting for Leases - Ch. 22 Accounting Changes and Error Analysis - Ch. 23 Statement of Cash Flows - Ch. 24 Full Disclosure in Financial Reporting.
ISBN:	9781118985311 1118985311 9781118938782 111893878X
Other Number:	882530630
System Availability:	1
Current Holds:	0
# Local items:	1
Control Number:	731407
Call Number:	HF5635 .K5 2014
Course Reserves:	0
# Local items in:	0
# System items in:	0

Request It

Please select and request a specific volume by clicking one of the icons in the 'Find It' section below.

Expand All | Collapse All

Find It

Suggestions and more

Annotations

Note: This is a stand alone book. WileyPLUS is sold seperately from this text.

Intermediate Accounting 15^th Edition builds student readiness for success in the course, for the CPA exam and for accounting careers. The 2014 FASB Update incorporates the recently issued standard on Revenue from Contracts with Customers in a new Revenue Recognition chapter. Recognized globally for its quality problem-solving material, accuracy and comprehensiveness, Intermediate Accounting 15^th Edition Chapters 1-24 helps prepare the next generation of accounting and finance students for the global economy.

Students using WileyPLUS do real accounting and get real results. Automatically graded homework assignments and over 2 hours of video based resources per chapter help students come prepared for quizzes and exams. With access to 1,000 practice CPA exam review questions powered by Wiley CPAexcel, students can check their accounting knowledge against CPA exam standards. Students have a two-week head start on applying to accounting internships with internship listings powered by AccountingFly. WileyPLUS for Intermediate Accounting 15^th Edition prepares students for success in the course and in the profession.

- (WILEY)

Large Cover Image

Table of Contents

Chapter 1 Financial Accounting and Accounting Standards: We Can Do Better

(38)

Financial Statements and Financial Reporting

(3)

Accounting and Capital Allocation

(1)

What Do the Numbers Mean? It's the Accounting

(1)

Objective of Financial Reporting

(1)

What Do the Numbers Mean? Don't Forget Stewardship

(1)

The Need to Develop Standards

(1)

Parties Involved in Standard-Setting

(6)

Securities and Exchange Commission (SEC)

(2)

American Institute of Certified Public Accountants (AICPA)

(1)

Financial Accounting Standards Board (FASB)

(3)

Generally Accepted Accounting Principles

(3)

What Do the Numbers Mean? You Have to Step Back

(1)

FASB Codification

(2)

Issues in Financial Reporting

(7)

GAAP in a Political Environment

(1)

Evolving Issue Fair Value, Fair Consequences?

(1)

The Expectations Gap

(1)

Financial Reporting Challenges

(2)

International Accounting Standards

(1)

What Do the Numbers Mean? Can You Do That?

(1)

Ethics in the Environment of Financial Accounting

(1)

Conclusion

(2)

FASB Codification

(8)

IFRS Insights

(9)

Chapter 2 Conceptual Framework for Financial Reporting: What Is It?

(42)

Conceptual Framework

(3)

Need for a Conceptual Framework

(1)

What Do the Numbers Mean? What's Your Principle?

(1)

Development of a Conceptual Framework

(1)

Overview of the Conceptual Framework

(1)

First Level: Basic Objective

(1)

Second Level: Fundamental Concepts

(8)

Qualitative Characteristics of Accounting Information

(3)

What Do the Numbers Mean? Living in a Material World

(2)

What Do the Numbers Mean? Show Me the Earnings!

(2)

Basic Elements

(1)

Third Level: Recognition and Measurement Concepts

(12)

Basic Assumptions

(1)

What Do the Numbers Mean? Whose Company Is It?

(2)

Basic Principles of Accounting

(5)

What Do the Numbers Mean? You May Need a Map

(1)

Cost Constraint

(2)

Summary of the Structure

(2)

FASB Codification

(13)

IFRS Insights

(4)

Chapter 3 The Accounting Information System: Needed: A Reliable information System

(76)

Accounting Information System

(2)

Basic Terminology

(1)

Debits and Credits

(1)

The Accounting Equation

(28)

Financial Statements and Ownership Structure

(1)

The Accounting Cycle

(1)

Identifying and Recording Transactions and Other Events

(2)

Journalizing

(1)

Posting

(4)

Trial Balance

(1)

Adjusting Entries

(11)

What Do the Numbers Mean? Am I Covered?

107

(1)

Adjusted Trial Balance

108

(1)

Preparing Financial Statements

108

(2)

What Do the Numbers Mean? 24/7 Accounting

110

(1)

Closing

110

(3)

Post-Closing Trial Balance

113

(1)

Reversing Entries-An Optional Step

113

(1)

The Accounting Cycle Summarized

114

(1)

What Do the Numbers Mean? Hey, It's Complicated

114

(1)

Financial Statements for a Merchandising Company

114

(4)

Income Statement

114

(1)

Statement of Retained Earnings

115

(1)

Balance Sheet

115

(2)

What Do the Numbers Mean? Statements, Please

117

(1)

Closing Entries

117

(1)

Appendix 3A Cash-Basis Accounting versus Accrual-Basis Accounting

118

(6)

Conversion from Cash Basis to Accrual Basis

120

(3)

Service Revenue Computation

121

(1)

Operating Expense Computation

122

(1)

Theoretical Weaknesses of the Cash Basis

123

(1)

Appendix 3B Using Reversing Entries

124

(3)

Illustration of Reversing Entries-Accruals

124

(1)

Illustration of Reversing Entries-Deferrals

125

(1)

Summary of Reversing Entries

126

(1)

Appendix 3C Using a Worksheet: The Accounting Cycle Revisited

127

(26)

Worksheet Columns

127

(1)

Trial Balance Columns

127

(1)

Adjustments Columns

127

(1)

Adjustments Entered on the Worksheet

127

(3)

Adjusted Trial Balance

129

(1)

Income Statement and Balance Sheet Columns

129

(1)

Preparing Financial Statements from a Worksheet

130

(23)

IFRS Insights

153

(5)

Chapter 4 Income Statement and Related Information: Financial Statements Are Changing

158

(54)

Income Statement

160

(2)

Usefulness of the Income Statement

160

(1)

Limitations of the Income Statement

160

(1)

Quality of Earnings

161

(1)

What Do the Numbers Mean? Four: The Loneliest Number

162

(1)

Format of the Income Statement

162

(6)

Elements of the Income Statement

162

(2)

Intermediate Components of the Income Statement

164

(2)

What Do the Numbers Mean? Top Line or Bottom Line?

166

(1)

Condensed Income Statements

166

(1)

Single-Step Income Statements

167

(1)

Reporting Various Income Items

168

(11)

What Do the Numbers Mean? Are One-Time Charges Bugging You?

169

(1)

Unusual Gains and Losses

169

(1)

Discontinued Operations

170

(3)

Extraordinary Items

173

(2)

What Do the Numbers Mean? Extraordinary Times

175

(1)

Noncontrolling Interest

176

(1)

Summary of Various Income Items

176

(1)

Earnings per Share

177

(2)

What Do the Numbers Mean? Different Income Concepts

179

(1)

Other Reporting Issues

179

(9)

Accounting Changes and Errors

179

(2)

Retained Earnings Statement

181

(1)

Comprehensive Income

182

(3)

Evolving Issue Income Reporting

185

(3)

FASB Codification

188

(17)

IFRS Insights

205

(7)

Chapter 5 Balance Sheet and Statement of Cash Flows: Hey, It Doesn't Balance!

212

(74)

Balance Sheet

214

(14)

Usefulness of the Balance Sheet

214

(1)

Limitations of the Balance Sheet

215

(1)

What Do the Numbers Mean? Grounded

215

(1)

Classification in the Balance Sheet

215

(8)

What Do the Numbers Mean? "Show Me the Assets!"

223

(3)

What Do the Numbers Mean? Warning Signals

226

(1)

Balance Sheet Format

226

(2)

Statement of Cash Flows

228

(8)

What Do the Numbers Mean? Watch That Cash Flow

228

(1)

Purpose of the Statement of Cash Flows

228

(1)

Content and Format of the Statement of Cash Flows

229

(1)

Overview of the Preparation of the Statement of Cash Flows

230

(2)

Usefulness of the Statement of Cash Flows

232

(3)

What Do the Numbers Mean? "There Ought to Be a Law"

235

(1)

Additional Information

236

(9)

Supplemental Disclosures

236

(2)

What Do the Numbers Mean? What About Your Commitments?

238

(1)

Techniques of Disclosure

239

(4)

Evolving Issue Balance Sheet Reporting: Gross or Net?

243

(2)

Appendix 5A Ratio Analysis-A Reference

245

(1)

Using Ratios to Analyze Performance

245

(1)

Appendix 5B Specimen Financial Statements: The Procter & Gamble Company

246

(9)

FASB Codification

255

(22)

IFRS Insights

277

(9)

Chapter 6 Accounting and the Time Value of Money: How Do I Measure That?

286

(58)

Basic Time Value Concepts

288

(6)

Applications of Time Value Concepts

288

(1)

The Nature of Interest

289

(1)

Simple Interest

290

(1)

Compound Interest

290

(1)

What Do the Numbers Mean? A Pretty Good Start

291

(3)

Fundamental Variables

294

(1)

Single-Sum Problems

294

(5)

Future Value of a Single Sum

295

(1)

Present Value of a Single Sum

296

(2)

Solving for Other Unknowns in Single-Sum Problems

298

(1)

Annuities

299

(12)

Future Value of an Ordinary Annuity

300

(2)

What Do the Numbers Mean? Don't Wait to Make That Contribution!

302

(1)

Future Value of an Annuity Due

303

(1)

Examples of Future Value of Annuity Problems

304

(2)

Present Value of an Ordinary Annuity

306

(2)

What Do the Numbers Mean? Up in Smoke

308

(1)

Present Value of an Annuity Due

308

(1)

Examples of Present Value of Annuity Problems

309

(2)

More Complex Situations

311

(4)

Deferred Annuities

311

(2)

Valuation of Long-Term Bonds

313

(1)

Effective-Interest Method of Amortization of Bond Discount or Premium

314

(1)

Present Value Measurement

315

(5)

Choosing an Appropriate Interest Rate

316

(1)

What Do the Numbers Mean? How Low Can They Go?

316

(1)

Example of Expected Cash Flow

316

(4)

FASB Codification

320

(24)

Chapter 7 Cash and Receivables: Please Release Me?

344

(70)

Cash

346

(3)

What Is Cash?

346

(1)

Reporting Cash

346

(2)

Summary of Cash-Related Items

348

(1)

What Do the Numbers Mean? Luck of the Irish

349

(1)

Accounts Receivable

349

(10)

Recognition of Accounts Receivable

351

(1)

Valuation of Accounts Receivable

352

(6)

What Do the Numbers Mean? I'm Still Waiting

358

(1)

Notes Receivable

359

(5)

Recognition of Notes Receivable

359

(4)

Valuation of Notes Receivable

363

(1)

What Do the Numbers Mean? Economic Consequences and Write-Offs

364

(1)

Special Issues

364

(12)

Fair Value Option

365

(1)

Disposition of Accounts and Notes Receivable

365

(6)

What Do the Numbers Mean? Return to Lender

371

(1)

Presentation and Analysis

372

(2)

Evolving Issue A Cure for "Too Little, Too Late"?

374

(2)

Appendix 7A Cash Controls

376

(5)

Using Bank Accounts

376

(1)

The Imprest Petty Cash System

377

(1)

Physical Protection of Cash Balances

378

(1)

Reconciliation of Bank Balances

378

(3)

Appendix 7B Impairments of Receivables

381

(4)

Impairment Measurement and Reporting

382

(1)

Impairment Loss Example

382

(1)

Recording Impairment Losses

383

(1)

What Do the Numbers Mean? Lost in Translation

383

(2)

FASB Codification

385

(23)

IFRS Insights

408

(6)

Chapter 8 Valuation of Inventories: A Cost-Basis Approach: To Switch or Not to Switch

414

(58)

Inventory Issues

416

(5)

Classification

416

(1)

Inventory Cost Flow

417

(2)

Inventory Control

419

(1)

What Do the Numbers Mean? Staying Lean

420

(1)

Basic Issues in Inventory Valuation

420

(1)

Physical Goods Included in Inventory

421

(4)

Goods in Transit

421

(1)

Consigned Goods

422

(1)

Special Sales Agreements

422

(1)

What Do the Numbers Mean? No Parking!

423

(1)

Effect of Inventory Errors

423

(2)

Costs Included in Inventory

425

(3)

Product Costs

426

(1)

Period Costs

426

(1)

Treatment of Purchase Discounts

426

(1)

What Do the Numbers Mean? You May Need a Map

427

(1)

Which Cost Flow Assumption to Adopt?

428

(4)

Specific Identification

428

(1)

Average-Cost

429

(1)

First-In, First-Out (FIFO)

430

(1)

Last-In, First-Out (LIFO)

431

(1)

Special Issues Related to LIFO

432

(11)

LIFO Reserve

432

(1)

What Do the Numbers Mean? Comparing Apples to Apples

433

(1)

LIFO Liquidation

434

(1)

Dollar-Value LIFO

435

(5)

What Do the Numbers Mean? Quite a Difference

440

(1)

Comparison of LIFO Approaches

440

(1)

Major Advantages of LIFO

441

(1)

Major Disadvantages of LIFO

442

(1)

Basis for Selection of Inventory Method

443

(6)

Evolving Issue Repeat LIFO!

445

(1)

Inventory Valuation Methods-Summary Analysis

445

(4)

FASB Codification

449

(23)

Chapter 9 Inventories: Additional Valuation Issues: Not What It Seems to Be

472

(64)

Lower-of-Cost-or-Market

474

(7)

Ceiling and Floor

475

(1)

How Lower-of-Cost-or-Market Works

476

(1)

Methods of Applying Lower-of-Cost-or- Market

477

(1)

Recording "Market" Instead of Cost

478

(1)

Use of an Allowance

479

(1)

Use of an Allowance-Multiple Periods

480

(1)

What Do the Numbers Mean? "Put It in Reverse"

480

(1)

Evaluation of the Lower-of-Cost-or-Market Rule

481

(1)

Valuation Bases

481

(4)

Valuation at Net Realizable Value

481

(1)

Valuation Using Relative Sales Value

482

(1)

Purchase Commitments-A Special Problem

483

(2)

The Gross Profit Method of Estimating Inventory

485

(3)

Computation of Gross Profit Percentage

486

(2)

Evaluation of Gross Profit Method

488

(1)

What Do the Numbers Mean? The Squeeze

488

(1)

Retail Inventory Method

488

(6)

Retail-Method Concepts

489

(1)

Retail Inventory Method with Markups and Markdowns-Conventional Method

490

(3)

Special Items Relating to Retail Method

493

(1)

Evaluation of Retail Inventory Method

493

(1)

Presentation and Analysis

494

(3)

Presentation of Inventories

494

(1)

Analysis of Inventories

495

(2)

Appendix 9A LIFO Retail Methods

497

(7)

Stable Prices-LIFO Retail Method

497

(1)

Fluctuating Prices-Dollar-Value LIFO Retail Method

498

(2)

Subsequent Adjustments Under Dollar-Value LIFO Retail

500

(1)

Changing from Conventional Retail to LIFO

501

(3)

FASB Codification

504

(21)

IFRS Insights

525

(11)

Chapter 10 Acquisition and Disposition of Property, Plant, and Equipment: Watch Your Spending

536

(52)

Property, Plant, and Equipment

538

(9)

Acquisition of Property, Plant, and Equipment

538

(1)

Cost of Land

539

(1)

Cost of Buildings

539

(1)

Cost of Equipment

540

(1)

Self-Constructed Assets

540

(1)

Interest Costs During Construction

541

(5)

What Do the Numbers Mean? What's in Your Interest?

546

(1)

Observations

547

(1)

Valuation of Property, Plant, and Equipment

547

(9)

Cash Discounts

547

(1)

Deferred-Payment Contracts

547

(1)

Lump-Sum Purchases

548

(1)

Issuance of Stock

549

(1)

Exchanges of Nonmonetary Assets

550

(5)

What Do the Numbers Mean? About Those Swaps

555

(1)

Accounting for Contributions

555

(1)

Other Asset Valuation Methods

556

(1)

Costs Subsequent to Acquisition

556

(4)

What Do the Numbers Mean? Disconnected

557

(1)

Additions

558

(1)

Improvements and Replacements

558

(1)

Rearrangement and Reinstallation

559

(1)

Repairs

559

(1)

Summary of Costs Subsequent to Acquisition

560

(1)

Disposition of Property, Plant, and Equipment

560

(4)

Sale of Plant Assets

560

(1)

Involuntary Conversion

561

(1)

Miscellaneous Problems

561

(3)

FASB Codification

564

(24)

Chapter 11 Depreciation, Impairments, and Depletion: Here Come the Write-Offs

588

(60)

Depreciation-A Method of Cost Allocation

590

(11)

Factors Involved in the Depreciation Process

590

(2)

What Do the Numbers Mean? Alphabet Dupe

592

(1)

Methods of Depreciation

592

(3)

Special Depreciation Methods

595

(2)

What Do the Numbers Mean? Decelerating Depreciation

597

(1)

Special Depreciation Issues

598

(3)

What Do the Numbers Mean? Depreciation Choices

601

(1)

Impairments

601

(3)

Recognizing Impairments

601

(1)

Measuring Impairments

602

(1)

Restoration of Impairment Loss

603

(1)

Impairment of Assets to Be Disposed Of

603

(1)

Depletion

604

(5)

Establishing a Depletion Base

605

(1)

Write-Off of Resource Cost

606

(1)

Estimating Recoverable Reserves

607

(1)

What Do the Numbers Mean? Reserve Surprise

607

(1)

Liquidating Dividends

607

(1)

Continuing Controversy

608

(1)

Evolving Issue Full-Cost or Successful-Efforts?

609

(1)

Presentation and Analysis

609

(5)

Presentation of Property, Plant, Equipment, and Natural Resources

609

(2)

Analysis of Property, Plant, and Equipment

611

(3)

Appendix 11A Income Tax Depreciation

614

(1)

Modified Accelerated Cost Recovery System

614

(2)

Tax Lives (Recovery Periods)

614

(1)

Tax Depreciation Methods

615

(1)

Example of MACRS

615

(1)

Optional Straight-Line Method

616

(1)

Tax versus Book Depreciation

617

(1)

FASB Codification

618

(19)

IFRS Insights

637

(11)

Chapter 12 Intangible Assets: Is This Sustainable?

648

(52)

Intangible Asset Issues

650

(3)

Characteristics

650

(1)

Valuation

650

(1)

Amortization of Intangibles

651

(2)

What Do the Numbers Mean? Definitely Indefinite

653

(1)

Types of Intangible Assets

653

(9)

Marketing-Related Intangible Assets

653

(1)

What Do the Numbers Mean? Keep Your Hands Off My Intangible!

654

(1)

Customer-Related Intangible Assets

654

(1)

Artistic-Related Intangible Assets

655

(1)

Contract-Related Intangible Assets

655

(1)

Technology-Related Intangible Assets

656

(1)

What Do the Numbers Mean? Patent Battles

657

(1)

What Do the Numbers Mean? The Value of a Secret Formula

658

(1)

Goodwill

658

(4)

Impairment of Intangible Assets

662

(3)

Impairment of Limited-Life Intangibles

662

(1)

Impairment of Indefinite-Life Intangibles Other Than Goodwill

662

(1)

Impairment of Goodwill

663

(1)

Impairment Summary

664

(1)

What Do the Numbers Mean? Impairment Risk

665

(1)

Research and Development Costs

665

(5)

Identifying R&D Activities

666

(1)

Accounting for R&D Activities

667

(1)

Costs Similar to R&D Costs

667

(3)

What Do the Numbers Mean? Branded

670

(1)

Presentation of Intangibles and Related Items

670

(6)

Presentation of Intangible Assets

670

(2)

Presentation of Research and Development Costs

672

(1)

Evolving Issue Recognition of R&D and Internally Generated Intangibles

673

(3)

FASB Codification

676

(17)

IFRS Insights

693

(7)

Chapter 13 Current Liabilities and Contingencies: Now You See It, Now You Don't

700

(62)

Current Liabilities

702

(13)

Accounts Payable

703

(1)

Notes Payable

703

(2)

Current Maturities of Long-Term Debt

705

(1)

Short-Term Obligations Expected to Be Refinanced

705

(2)

What Do the Numbers Mean? What About That Short-Term Debt?

707

(1)

Dividends Payable

707

(1)

Customer Advances and Deposits

707

(1)

Unearned Revenues

708

(1)

What Do the Numbers Mean? Microsoft's Liabilities-Good or Bad?

708

(1)

Sales Taxes Payable

709

(1)

Income Taxes Payable

709

(1)

Employee-Related Liabilities

710

(5)

Contingencies

715

(11)

Gain Contingencies

715

(1)

Loss Contingencies

716

(6)

What Do the Numbers Mean? Frequent Flyers

722

(4)

What Do the Numbers Mean? More Disclosure, Please

726

(1)

Presentation and Analysis

726

(7)

Presentation of Current Liabilities

726

(2)

Presentation of Contingencies

728

(1)

Analysis of Current Liabilities

729

(1)

Evolving Issue Greenhouse Gases: Let's Be Standard-Setters

730

(3)

FASB Codification

733

(20)

IFRS Insights

753

(9)

Chapter 14 Long-Term Liabilities: Going Long

762

(58)

Bonds Payable

764

(12)

Issuing Bonds

764

(1)

Types of Bonds

764

(1)

What Do the Numbers Mean? All About Bonds

765

(1)

Valuation of Bonds Payable-Discount and Premium

766

(2)

What Do the Numbers Mean? How's My Rating?

768

(1)

Bonds Issued at Par on Interest Date

768

(1)

Bonds Issued at Discount or Premium on Interest Date

768

(2)

Bonds Issued Between Interest Dates

770

(1)

Effective-Interest Method

770

(4)

Costs of Issuing Bonds

774

(1)

Extinguishment of Debt

775

(1)

What Do the Numbers Mean? Your Debt Is Killing My Equity

776

(1)

Long-Term Notes Payable

776

(7)

Notes Issued at Face Value

777

(1)

Notes Not Issued at Face Value

777

(2)

Special Notes Payable Situations

779

(3)

Mortgage Notes Payable

782

(1)

Fair Value Option

782

(1)

Reporting and Analyzing Liabilities

783

(7)

Off-Balance-Sheet Financing

783

(2)

What Do the Numbers Mean? Obligated

785

(1)

Presentation and Analysis of Long-Term Debt

786

(2)

Evolving Issue Fair Value of Liabilities: Pick a Number, Any Number

788

(2)

Appendix 14A Troubled-Debt Restructurings

790

(1)

Settlement of Debt

791

(1)

Transfer of Assets

791

(1)

Granting of Equity Interest

791

(1)

Modification of Terms

792

(4)

Example 1-No Gain for Debtor

792

(3)

Example 2-Gain for Debtor

795

(1)

Concluding Remarks

796

(2)

FASB Codification

798

(17)

IFRS Insights

815

(5)

Chapter 15 Stockholders' Equity: It's a Global Market

820

(62)

The Corporate Form of Organization

822

(2)

State Corporate Law

822

(1)

What Do the Numbers Mean? 1209 North Orange Street

822

(1)

Capital Stock or Share System

823

(1)

Variety of Ownership Interests

824

(1)

Corporate Capital

824

(10)

Issuance of Stock

825

(4)

What Do the Numbers Mean? The Case of the Disappearing Receivable

829

(1)

Reacquisition of Shares

829

(1)

What Do the Numbers Mean? Buybacks-Good or Bad?

830

(4)

Preferred Stock

834

(3)

Features of Preferred Stock

834

(2)

What Do the Numbers Mean? A Class (B) Act

836

(1)

Accounting for and Reporting Preferred Stock

836

(1)

Dividend Policy

837

(10)

Financial Condition and Dividend Distributions

837

(1)

Types of Dividends

838

(3)

Stock Dividends and Stock Splits

841

(3)

What Do the Numbers Mean? Splitsville

844

(2)

What Do the Numbers Mean? Dividends Up, Dividends Down

846

(1)

Disclosure of Restrictions on Retained Earnings

846

(1)

Presentation and Analysis of Stockholders' Equity

847

(5)

Presentation

847

(2)

Analysis

849

(3)

Appendix 15A Dividend Preferences and Book Value per Share

852

(1)

Dividend Preferences

852

(1)

Book Value per Share

853

(3)

FASB Codification

856

(18)

IFRS Insights

874

(8)

Chapter 16 Dilutive Securities and Earnings per Share: Kicking the Habit

882

(68)

Dilutive Securities

884

(9)

Debt and Equity

884

(1)

Accounting for Convertible Debt

884

(2)

Convertible Preferred Stock

886

(1)

What Do the Numbers Mean? How Low Can You Go?

887

(1)

Stock Warrants

887

(3)

Evolving Issue Is That All Debt?

890

(3)

Accounting for Stock Compensation

893

(6)

Stock-Option Plans

893

(1)

Restricted Stock

894

(2)

Employee Stock-Purchase Plans

896

(1)

Disclosure of Compensation Plans

897

(1)

Debate over Stock-Option Accounting

897

(2)

What Do the Numbers Mean? A Little Honesty Goes a Long Way

899

(1)

Computing Earnings per Share

899

(14)

Earnings per Share-Simple Capital Structure

900

(4)

Earnings per Share-Complex Capital Structure

904

(7)

What Do the Numbers Mean? Pro Forma EPS Confusion

911

(2)

Appendix 16A Accounting for Stock-Appreciation Rights

913

(3)

SARS-Share-Based Equity Awards

914

(1)

SARS-Share-Based Liability Awards

914

(1)

Stock-Appreciation Rights Example

915

(1)

Appendix 16B Comprehensive Earnings per Share Example

916

(7)

Diluted Earnings per Share

918

(5)

FASB Codification

923

(18)

IFRS Insights

941

(9)

Chapter 17 Investments: What to Do?

950

(90)

Investments in Debt Securities

952

(8)

Debt Investment Classifications

952

(1)

Held-to-Maturity Securities

953

(2)

Available-for-Sale Securities

955

(4)

What Do the Numbers Mean? What Is Fair Value?

959

(1)

Trading Securities

959

(1)

Investments in Equity Securities

960

(7)

Holdings of Less Than 20%

961

(3)

What Do the Numbers Mean? More Disclosure, Please

964

(1)

Holdings Between 20% and 50%

964

(2)

Holdings of More Than 50%

966

(1)

What Do the Numbers Mean? Who's in Control Here?

967

(1)

Additional Measurement Issues

967

(3)

Fair Value Option

967

(1)

Evolving Issue Fair Value Controversy

968

(1)

Impairment of Value

969

(1)

Reclassifications and Transfers

970

(7)

Reclassification Adjustments

970

(4)

Transfers Between Categories

974

(1)

Summary of Reporting Treatment of Securities

975

(1)

Evolving Issue Classification and Measurement-The Long Road

975

(2)

Appendix 17A Accounting for Derivative Instruments

977

(19)

Defining Derivatives

977

(1)

Who Uses Derivatives, and Why?

978

(2)

Producers and Consumers

978

(1)

Speculators and Arbitrageurs

979

(1)

Basic Principles in Accounting for Derivatives

980

(3)

Example of Derivative Financial Instrument- Speculation

980

(3)

Differences Between Traditional and Derivative Financial Instruments

983

(1)

Derivatives Used for Hedging

983

(6)

What Do the Numbers Mean? Risky Business

984

(1)

Fair Value Hedge

984

(3)

Cash Flow Hedge

987

(2)

Other Reporting Issues

989

(2)

Embedded Derivatives

989

(1)

Qualifying Hedge Criteria 989. Summary of Derivatives Accounting

990

(1)

Comprehensive Hedge Accounting Example

991

(4)

Fair Value Hedge

992

(2)

Financial Statement Presentation of an Interest Rate Swap

994

(1)

Controversy and Concluding Remarks

995

(1)

Appendix 17B Variable-Interest Entities

996

(3)

What About GAAP?

997

(1)

Consolidation of Variable-Interest Entities

997

(2)

Some Examples

998

(1)

What Is Happening in Practice?

999

(1)

Appendix 17C Fair Value Disclosures

999

(4)

Disclosure of Fair Value Information: Financial Instruments

1000

(3)

Disclosure of Fair Values: Impaired Assets or Liabilities

1003

(1)

Conclusion

1003

(2)

FASB Codification

1005

(21)

IFRS Insights

1026

(14)

Chapter 18 Revenue Recognition: It's Back

1040

(76)

Overview of Revenue Recognition

1042

(3)

Guidelines for Revenue Recognition

1043

(1)

Departures from the Sale Basis

1044

(1)

What Do the Numbers Mean? Liability or Revenue?

1045

(1)

Revenue Recognition at Point of Sale (Delivery)

1045

(12)

Sales with Discounts

1046

(1)

Sales with Right of Return

1047

(2)

Sales with Buybacks

1049

(1)

Bill and Hold Sales

1050

(1)

Principal-Agent Relationships

1050

(1)

What Do the Numbers Mean? Grossed Out

1051

(2)

Trade Loading and Channel Stuffing

1053

(1)

What Do the Numbers Mean? No Take-Backs

1053

(1)

Multiple-Deliverable Arrangements

1054

(2)

Summary

1056

(1)

Revenue Recognition before Delivery

1057

(11)

Percentage-of-Completion Method

1058

(5)

Completed-Contract Method

1063

(1)

Long-Term Contract Losses

1064

(3)

What Do the Numbers Mean? Less Conservative

1067

(1)

Disclosures in Financial Statements

1068

(1)

Completion-of-Production Basis

1068

(1)

Revenue Recognition after Delivery

1068

(13)

Installment-Sales Method

1068

(9)

Cost-Recovery Method

1077

(1)

Deposit Method

1078

(1)

Summary and Concluding Remarks

1079

(2)

Appendix 18A Revenue Recognition for Franchises

1081

(2)

Initial Franchise Fees

1082

(36)

Example of Entries for Initial Franchise Fee

1082

(1)

Continuing Franchise Fees

1083

(1)

Bargain Purchases

1083

(1)

Options to Purchase

1084

(1)

Franchisor's Cost

1084

(1)

Disclosures of Franchisors

1084

(2)

FASB Codification

1086

(23)

IFRS Insights

1109

(7)

Chapter 19 Accounting for Income Taxes: How Much Is Enough?

1116

(66)

Fundamentals of Accounting for Income Taxes

1118

(14)

Future Taxable Amounts and Deferred Taxes

1119

(3)

What Do the Numbers Mean? "Real Liabilities"

1122

(1)

Future Deductible Amounts and Deferred Taxes

1123

(2)

What Do the Numbers Mean? "Real Assets"

1125

(1)

Deferred Tax Asset-Valuation Allowance

1125

(1)

Income Statement Presentation

1126

(1)

Specific Differences

1127

(3)

Tax Rate Considerations

1130

(1)

What Do the Numbers Mean? Global Tax Rates

1131

(1)

Accounting for Net Operating Losses

1132

(6)

Loss Carryback

1132

(1)

Loss Carryforward

1132

(1)

Loss Carryback Example

1133

(1)

Loss Carryforward Example

1134

(4)

What Do the Numbers Mean? NOLs: Good News or Bad?

1138

(1)

Financial Statement Presentation

1138

(6)

Balance Sheet

1138

(2)

What Do the Numbers Mean? Imagination at Work

1140

(1)

Income Statement

1141

(2)

Evolving Issue Uncertain Tax Positions

1143

(1)

Review of the Asset-Liability Method

1144

(3)

Appendix 19A Comprehensive Example of Interperiod Tax Allocation

1147

(9)

First Year-2013

1147

(4)

Taxable Income and Income Taxes Payable-2013

1148

(1)

Computing Deferred Income Taxes- End of 2013

1148

(1)

Deferred Tax Expense (Benefit) and the Journal Entry to Record Income Taxes-2013

1149

(1)

Financial Statement Presentation-2013

1150

(1)

Second Year-2014

1151

(33)

Taxable Income and Income Taxes Payable-2014

1152

(1)

Computing Deferred Income Taxes-End of 2014

1152

(1)

Deferred Tax Expense (Benefit) and the Journal Entry to Record Income Taxes-2014

1153

(1)

Financial Statement Presentation-2014

1153

(3)

FASB Codification

1156

(19)

IFRS Insights

1175

(7)

Chapter 20 Accounting for Pensions and Postretirement Benefits: Where Have All the Pensions Gone?

1182

(86)

Nature of Pension Plans

1184

(3)

Defined Contribution Plan

1185

(1)

Defined Benefit Plan

1185

(1)

What Do the Numbers Mean? Which Plan Is Right for You?

1186

(1)

The Role of Actuaries in Pension Accounting

1187

(1)

Accounting for Pensions

1187

(5)

Alternative Measures of the Liability

1187

(2)

Recognition of the Net Funded Status of the Pension Plan

1189

(1)

Components of Pension Expense

1189

(3)

Using a Pension Worksheet

1192

(12)

2014 Entries and Worksheet

1192

(2)

Amortization of Prior Service Cost (PSC)

1194

(1)

2015 Entries and Worksheet

1195

(2)

Gain or Loss

1197

(1)

What Do the Numbers Mean? Pension Costs Ups and Downs

1198

(1)

Corridor Amortization

1199

(3)

Evolving Issue Bye Bye Corridor

1202

(1)

2016 Entries and Worksheet

1202

(2)

What Do the Numbers Mean? Roller Coaster

1204

(1)

Reporting Pension Plans in Financial Statements

1204

(13)

Within the Financial Statements

1205

(2)

Within the Notes to the Financial Statements

1207

(1)

Example of Pension Note Disclosure

1208

(2)

2017 Entries and Worksheet-A Comprehensive Example

1210

(1)

Special Issues

1211

(2)

What Do the Numbers Mean? Who Guarantees the Guarantor?

1213

(2)

Concluding Observations

1215

(2)

Appendix 20A Accounting for Postretirement Benefits

1217

(12)

Accounting Guidance

1217

(1)

Differences Between Pension Benefits and Healthcare Benefits

1218

(1)

What Do the Numbers Mean? OPEBs-How Big Are They?

1219

(1)

Postretirement Benefits Accounting Provisions

1219

(2)

Obligations Under Postretirement Benefits

1220

(1)

Postretirement Expense

1220

(1)

Illustrative Accounting Entries

1221

(4)

2014 Entries and Worksheet

1221

(2)

Recognition of Gains and Losses

1223

(1)

2015 Entries and Worksheet

1223

(1)

Amortization of Net Gain or Loss in 2016

1224

(1)

Disclosures in Notes to the Financial Statements

1225

(1)

Actuarial Assumptions and Conceptual Issues

1225

(45)

What Do the Numbers Mean? Want Some Bad News?

1227

(2)

FASB Codification

1229

(21)

IFRS Insights

1250

(18)

Chapter 21 Accounting for Leases: More Companies Ask, "Why Buy?"

1268

(74)

The Leasing Environment

1270

(4)

Who Are the Players?

1270

(2)

Advantages of Leasing

1272

(1)

What Do the Numbers Mean? Off-Balance-Sheet Financing

1273

(1)

Conceptual Nature of a Lease

1273

(1)

Accounting by the Lessee

1274

(10)

Capitalization Criteria

1275

(3)

Asset and Liability Accounted for Differently

1278

(1)

Capital Lease Method (Lessee)

1278

(3)

Operating Method (Lessee)

1281

(1)

What Do the Numbers Mean? Restatements on the Menu

1281

(1)

Comparison of Capital Lease with Operating Lease

1282

(1)

Evolving Issue Are You Liable?

1283

(1)

Accounting by the Lessor

1284

(5)

Economics of Leasing

1284

(1)

Classification of Leases by the Lessor

1285

(1)

Direct-Financing Method (Lessor)

1286

(3)

Operating Method (Lessor)

1289

(1)

Special Lease Accounting Problems

1289

(17)

Residual Values

1290

(6)

Sales-Type Leases (Lessor)

1296

(2)

What Do the Numbers Mean? Xerox Takes on the SEC

1298

(1)

Bargain-Purchase Option (Lessee)

1298

(1)

Initial Direct Costs (Lessor)

1298

(1)

Current versus Noncurrent

1299

(1)

Disclosing Lease Data

1300

(2)

Unresolved Lease Accounting Problems

1302

(1)

Evolving Issue Lease Accounting-If It Quacks Like a Duck

1303

(3)

Appendix 21A Sale-Leasebacks

1306

(7)

Determining Asset Use

1307

(1)

Lessee

1307

(1)

Lessor

1308

(1)

Sale-Leaseback Example

1308

(5)

FASB Codification

1313

(18)

IFRS Insights

1331

(11)

Chapter 22 Accounting Changes and Error Analysis: In the Dark

1342

(68)

Accounting Changes

1344

(1)

Changes in Accounting Principle

1344

(13)

What Do the Numbers Mean? Quite a Change

1346

(1)

Retrospective Accounting Change Approach

1346

(2)

What Do the Numbers Mean? Change Management

1348

(7)

Direct and Indirect Effects of Changes

1355

(1)

Impracticability

1356

(1)

Changes in Accounting Estimates

1357

(2)

Prospective Reporting

1357

(1)

Disclosures

1358

(1)

Changes in Reporting Entity

1359

(1)

Accounting Errors

1359

(7)

Example of Error Correction

1361

(2)

Summary of Accounting Changes and Correction of Errors

1363

(1)

What Do the Numbers Mean? Can I Get My Money Back?

1364

(1)

Motivations for Change of Accounting Method

1365

(1)

Error Analysis

1366

(11)

Balance Sheet Errors

1366

(1)

Income Statement Errors

1367

(1)

Balance Sheet and Income Statement Errors

1367

(3)

Comprehensive Example: Numerous Errors

1370

(2)

What Do the Numbers Mean? Guard the Financial Statements!

1372

(1)

Preparation of Financial Statements with Error Corrections

1373

(4)

Appendix 22A Changing from or to the Equity Method

1377

(4)

Change from the Equity Method

1377

(1)

Dividends in Excess of Earnings

1377

(1)

Change to the Equity Method

1378

(3)

FASB Codification

1381

(23)

IFRS Insights

1404

(6)

Chapter 23 Statement of Cash Flows: Show Me the Money!

1410

(76)

Preparation of the Statement of Cash Flows

1412

(4)

Usefulness of the Statement of Cash Flows

1412

(1)

Classification of Cash Flows

1413

(1)

What Do the Numbers Mean? How's My Cash Flow?

1414

(1)

Format of the Statement of Cash Flows

1415

(1)

Steps in Preparation

1415

(1)

Illustrations-Tax Consultants Inc.

1416

(18)

Step 1: Determine the Change in Cash

1417

(1)

Step 2: Determine Net Cash Flow from Operating Activities

1417

(2)

What Do the Numbers Mean? Earnings and Cash Flow Management?

1419

(1)

Step 3: Determine Net Cash Flows from Investing and Financing Activities

1419

(1)

Statement of Cash Flows-2013

1419

(1)

Illustration-2014

1420

(3)

Illustration-2015

1423

(3)

Sources of Information for the Statement of Cash Flows

1426

(2)

Net Cash Flow from Operating Activities- Direct Method

1428

(5)

Evolving Issue Direct versus Indirect

1433

(1)

Special Problems in Statement Preparation

1434

(9)

Adjustments to Net Income

1434

(4)

Accounts Receivable (Net)

1438

(1)

What Do the Numbers Mean? Not What It Seems

1439

(1)

Other Working Capital Changes

1440

(1)

Net Losses

1440

(1)

Significant Noncash Transactions

1441

(1)

What Do the Numbers Mean? Cash Flow Tool

1442

(1)

Use of a Worksheet

1443

(11)

Preparation of the Worksheet

1444

(1)

Analysis of Transactions

1444

(7)

Preparation of Final Statement

1451

(3)

FASB Codification

1454

(26)

IFRS Insights

1480

(6)

Chapter 24 Full Disclosure in Financial Reporting: High-Quality Financial Reporting-Always in Fashion

1486

Full Disclosure Principle

1488

(3)

Increase in Reporting Requirements

1489

(1)

Differential Disclosure

1489

(1)

Evolving Issue Disclosure-Quantity and Quality

1490

(1)

Notes to the Financial Statements

1491

(2)

Accounting Policies

1491

(1)

Common Notes

1491

(2)

What Do the Numbers Mean? Footnote Secrets

1493

(1)

Disclosure Issues

1493

(15)

Disclosure of Special Transactions or Events

1493

(2)

Post-Balance-Sheet Events (Subsequent Events)

1495

(2)

Reporting for Diversified (Conglomerate) Companies

1497

(4)

Interim Reports

1501

(6)

Evolving Issue It's Faster but Is It Better?

1507

(1)

Auditor's and Management's Reports

1508

(5)

Auditor's Report

1508

(3)

What Do the Numbers Mean? Heart of the Matter

1511

(1)

Management's Reports

1511

(2)

Current Reporting Issues

1513

(9)

Reporting on Financial Forecasts and Projections

1513

(2)

What Do the Numbers Mean? Global Forecasts

1515

(1)

Internet Financial Reporting

1516

(1)

What Do the Numbers Mean? New Formats, New Disclosure

1517

(1)

Fraudulent Financial Reporting

1517

(2)

What Do the Numbers Mean? Disclosure Overload

1519

(1)

Criteria for Making Accounting and Reporting Choices

1520

(2)

Appendix 24A Basic Financial Statement Analysis

1522

(8)

Perspective on Financial Statement Analysis

1522

(1)

Ratio Analysis

1523

(3)

Limitations of Ratio Analysis

1524

(2)

Comparative Analysis

1526

(1)

Percentage (Common-Size) Analysis

1527

(3)

FASB Codification

1530

(18)

IFRS Insights

1548

Index

I-1

Librarian's View

Displaying 1 of 1