Advanced Accounting

ISBN-13: 9781119586913 / Angielski / Miękka / 2019 / 832 str.

Debra C. Jeter

Spis treści

About the AuthorsPrefaceChapter 1: Introduction to Business Combinations and the Conceptual FrameworkLearning Objectives1.1 Growth Through Mergers1.2 Nature of the Combination1.3 Business Combinations: Why? Why not?1.4 Business Combinations: Historical Perspective1.5 Terminology and Types of Combinations1.6 Takeover Premiums1.7 Avoiding the Pitfalls before the Deal1.8 Determining Price and Method of Payment in Business Combinations1.9 Alternative Concepts of Consolidated Financial Statements1.10 FASB's Conceptual Framework1.11 FASB Codification (Source of GAAP)SummaryQuestionAnalyzing Financial StatementsExercisesASC ExercisesChapter 2: Accounting for Business CombinationsLearning Objectives2.1 Accounting Standards on Business Combinations: Background2.2 Illustration of Acquisition Accounting2.3 Bargain Purchase Accounting2.4 Measurement Period and Measurement Period Adjustments2.5 Goodwill Impairment Test2.6 Contingent Consideration (Earnouts)2.7 Proforma Statements and Disclousre Requirements2.8 Leveraged Buyouts2.9 IFRS versus U.S. GAAPSummaryQuestionAnalyzing Financial StatementsExercisesASC ExercisesChapter 3: Consolidated Financial Statements-Date of AcquisitionLearning Objectives3.1 Definitions of Subsidiary and Control3.2 Requirements for the Inclusion of Subsidiaries in the Consolidated Financial Statements3.3 Reasons for Subsidiary Companies3.4 Consolidated Financial Statements3.5 Investments at the Date of Acquisition3.6 Consolidated Balance Sheets: The Use of Workpapers3.7 A Comprehensive Illustration-More than One Subsidiary Company3.8 Limitations of Consolidated StatementsSummaryQuestionAnalyzing Financial StatementsExercisesASC ExercisesChapter 4: Consolidated Financial Statements After AcquisitionLearning Objectives4.1 Accounting for Investments By the Cost, Partial Equity, and Complete Equity Methods4.2 Consolidated Statements After Acquisition--Cost Method4.3 Recording Investments in Subsidiaries--Equity Method (Partial Or Complete)4.4 Elimination of Intercompany Revenue and Expense Items4.5 Interim Acquisitions of Subsidiary Stock4.6 Consolidated Statement of Cash Flows4.7 Illustration of Preparation of a Consolidated Statement of Cash Flows--Year of Acquisition4.8 Compare U.S. GAAP and IFRS Regarding Equity MethodSummaryQuestionAnalyzing Financial StatementsExercisesASC ExercisesChapter 5: Allocation and Depreciation of Differences Between Implied and Book ValuesLearning Objectives5.1 Computation and Allocation of the Difference Between Implied and Book Values to Assets and Liabilities of Subsidiary-Acquisition Date5.2 Effect of Differences Between Implied and Book Values on Consolidated Net Income--Year Subsequent to Acquisition5.3 Consolidated Statements Workpaper--Using the Cost Method5.4 Controlling and Noncontrolling Interests in Consolidated Net Income and Retained Earnings--Using the Cost Method5.5 Consolidated Statements Workpaper--Using Partial Equity Method5.6 Controlling and Noncontrolling Interests in Consolidated Net Income and Retained Earnings--Using Partial Equity Method5.7 Consolidated Statements Workpaper--Using Complete Equity Method5.8 Controlling Interest in Consolidated Net Income and Retained Earnings--Using Complete Equity Method5.9 Additional Considerations Relating to Treatment of Difference Between Implied and Book Values5.10 Push Down Accounting5.11 IFRS Vs U.S. GAAP on Research & Development CostsSummaryQuestionAnalyzing Financial StatementsExercisesASC ExercisesChapter 6: Elimination of Unrealized Profit on Intercompany Sales of InventoryLearning Objectives6.1 Effects of Intercompany Sales of Merchandise on the Determination of Consolidated Balances6.2 Cost Method: Consolidated Statements Workpaper--Upstream Sales6.3 Cost Method--Analysis of Consolidated Net Income and Consolidated Retained Earnings6.4 Consolidated Statements Workpaper--Partial Equity Method6.5 Partial Equity Method--Analysis of Consolidated Net Income and Consolidated Retained Earnings6.6 Consolidated Statements Workpaper--Complete Equity Method6.7 Complete Equity Method--Analysis of Consolidated Net Income and Consolidated Retained Earnings6.8 Summary of Workpaper Entries Relating to Intercompany Sales of Inventory6.9 Intercompany Profit Prior to Parent-Subsidiary AffiliationSummaryQuestionAnalyzing Financial StatementsExercisesASC ExercisesChapter 7: Elimination of Unrealized Gains Or Losses on Intercompany Sales of Property and EquipmentLearning Objectives7.1 Intercompany Sales of Land (Nondepreciable Property)7.2 Intercompany Sales of Depreciable Property (Machinery, Equipment, and Buildings)7.3 Consolidated Statements Workpaper--Cost and Partial Equity Methods7.4 Calculation of Consolidated Net Income and Consolidated Retained Earnings7.5 Consolidated Statements Workpaper--Complete Equity Method7.6 Calculation and Allocation of Consolidated Net Income; Consolidated Retained Earnings: Complete Equity Method7.7 Summary of Workpaper Entries Relating to Intercompany Sales of Equipment7.8 Intercompany Interest, Rents, and Service FeesSummaryQuestionAnalyzing Financial StatementsExercisesASC ExercisesChapter 8: Changes in Ownership InterestLearning Objectives8.1 Changes in Ownership8.2 Parent Acquires Subsidiary Stock Through Several Open-Market Purchases--Cost Method8.3 Parent Sells Subsidiary Stock Investment on the Open Market--Cost Method8.4 Equity Method--Purchases and Sales of Subsidiary Stock By the Parent8.5 Parent Sells Subsidiary Stock Investment on the Open Market--Cost Method8.6 Subsidiary Issues StockSummaryQuestionAnalyzing Financial StatementsExercisesASC ExercisesChapter 9: Intercompany Bond Holdings and Miscellaneous Topics--Consolidated Financial StatementsLearning Objectives9.1 Intercompany Bond Holdings9.2 Accounting for Bonds--A Review9.3 Constructive Gain Or Loss on Intercompany Bond Holdings9.4 Accounting for Intercompany Bonds Illustrated9.5 Book Entry Related to Bond Investment9.6 Interim Purchase of Intercompany Bonds9.7 Notes Receivable Discounted9.8 Stock Dividends Issued By a Subsidiary Company9.9 Dividends From Preacquisition Earnings9.10 Subsidiary With Both Preferred and Common Stock Outstanding9.11 Consolidating a Subsidiary With Preferred Stock OutstandingSummaryQuestionAnalyzing Financial StatementsExercisesASC ExercisesChapter 10: Insolvency--Liquidation and ReorganizationLearning Objectives10.1 Contractual Agreements10.2 Bankruptcy10.3 Liquidation (Chapter 7)10.4 Reorganization Under the Reform Act (Chapter 11)10.5 Trustee Accounting and Reporting10.6 Realization and Liquidation AccountSummaryQuestionAnalyzing Financial StatementsExercisesASC ExercisesChapter 11: International Financial Reporting StandardsLearning Objectives11.1 the Increasing Importance of International Accounting Standards11.2 Historical Perspective11.3 GAAP Hierarchy--U.S. Versus IFRS11.4 Similarities and Differences Between U.S. GAAP and IFRS11.5 Business Combinations and Consolidations11.6 International Convergence Issues11.7 American Depository Receipts: An OverviewSummaryQuestionAnalyzing Financial StatementsExercisesASC ExercisesChapter 12: Accounting for Foreign Currency Transactions and Hedging Foreign Exchange RiskLearning Objectives12.1 Exchange Rates--Means of Translation12.2 Measured versus Denominated12.3 Foreign Currency Transactions12.4 Using Forward Contracts As a HedgeSummaryQuestionAnalyzing Financial StatementsExercisesASC ExercisesChapter 13: Translation of Financial Statements of Foreign AffiliatesLearning Objectives13.1 Accounting for Operations in Foreign Countries13.2 Translating Financial Statements of Foreign Affiliates13.3 Objectives of Translation13.4 Translation Methods13.5 Identifying the Functional Currency13.6 Translation of Foreign Currency Financial Statements13.7 Translation of Foreign Financial Statements Illustrated13.8 Financial Statement Disclosure13.9 Historical Developments of Accounting StandardsSummaryQuestionAnalyzing Financial StatementsExercisesASC ExercisesChapter 14: Reporting for Segments and for Interim Financial PeriodsLearning Objectives14.1 Need for Disaggregated Financial Data14.2 Standards of Financial Accounting and Reporting14.3 International Accounting Standards Board (IASB) Position on Segment Reporting14.4 Interim Financial ReportingSummaryQuestionAnalyzing Financial StatementsExercisesASC ExercisesChapter 15: Partnerships: Formation, Operation, and Ownership ChangesLearning Objectives15.1 Partnership Defined15.2 Reasons for Forming a Partnership15.3 Characteristics of a Partnership15.4 Partnership Agreement15.5 Accounting for a Partnership15.6 Special Problems in Allocation of Income and Loss15.7 Financial Statement Presentation15.8 Changes in the Ownership of the Partnership15.9 Section A: Admission of a New Partner15.10 Section B: Withdrawal of a PartnerSummaryQuestionAnalyzing Financial StatementsExercisesASC ExercisesChapter 16: Partnerships: Formation, Operation, and Ownership ChangesLearning Objectives16.1 Steps in the Liquidation Process16.2 Priorities of Partnership and Personal Creditors16.3 Simple Liquidation Illustrated16.4 Installment Liquidation16.5 Incorporation of a PartnershipSummaryQuestionAnalyzing Financial StatementsExercisesASC ExercisesChapter 17: Introduction to Fund AccountingLearning Objectives17.1 Classifications of Nonbusiness Organizations17.2 Distinctions Between Nonbusiness Organizations and Profit-Oriented Enterprises17.3 Financial Accounting and Reporting Standards for Nonbusiness Organizations17.4 Fund Accounting17.5 Comprehensive Illustration--General Fund17.6 Reporting Inventory and Prepayments in the Financial StatementsSummaryQuestionAnalyzing Financial StatementsExercisesASC ExercisesChapter 18: Introduction to Accounting for State and Local Governmental UnitsLearning Objectives18.1 the History of Generally Accepted Governmental Accounting Standards18.2 the Structure of Governmental Accounting18.3 Governmental Fund Entities18.4 Proprietary Funds18.5 Fiduciary Funds18.6 Capital Assets and Long-Term Debt18.7 External Reporting Requirements18.8 Government Fund-Based Reporting18.9 Government-Wide Reporting18.10 Management's Discussion and Analysis (Md&A)18.11 Interfund ActivitySummaryQuestionAnalyzing Financial StatementsExercisesASC ExercisesChapter 19: Accounting for Nongovernment Nonbusiness Organizations: Colleges and Universities, Hospitals and Other Health Care OrganizationsLearning Objectives19.1 Sources of Generally Accepted Accounting Standards for Nongovernment-Nonbusiness Organizations19.2 Financial Reporting for Not-For-Profit Entities19.3 Accrual Basis of Accounting19.4 Contributions19.5 Accounting for Current Funds19.6 Accounting for Plant Funds19.7 Accounting for Endowment Funds19.8 Accounting for Investments19.9 Accounting for Loan Funds19.10 Accounting for Agency (Custodial) Funds19.11 Accounting for Annuity and Life Income Funds19.12 Issues Relating to Colleges, Universities, and HospitalsSummaryQuestionAnalyzing Financial StatementsExercisesASC ExercisesGlossaryAppendix PV: Tables of Present ValuesIndex