This is completed downloadable of Instructor Manual For Intermediate Accounting, 11th Edition by Loren A. Nikolai, John D. Bazley, Jefferson P. Jones
Product Details:
- ISBN-10 : 032465913X
- ISBN-13 : 978-0324659139
- Author: Loren A. Nikolai, John D. Bazley, Jefferson P. Jones
- INTERMEDIATE ACCOUNTING, Eleventh Edition, provides the perfect combination of professional language and vibrant pedagogy to facilitate the transition from financial principles to the larger environment of financial reporting. To prepare students for professional accounting careers, the text’s comprehensive coverage of GAAP and discussion of IFRS is clearly and consistently presented throughout the text. This coverage complements the authors’ insight, which is in both the in-text commentary and the fully coordinated, author-written end-of-chapter material.
Table of Content:
- Section 1: The Role of Accounting as an Information System
- Chapter 1: Environment and Theoretical Structure of Financial Accounting
- Part A: Financial Accounting Environment
- The Economic Environment and Financial Reporting
- The Investment-Credit Decision—A Cash Flow Perspective
- Cash versus Accrual Accounting
- The Development of Financial Accounting and Reporting Standards
- Historical Perspective and Standards
- The Standard-Setting Process
- Encouraging High-Quality Financial Reporting
- The Role of the Auditor
- Financial Reporting Reform
- A Move Away from Rules-Based Standards?
- Ethics in Accounting
- Part B: The Conceptual Framework
- Objective of Financial Reporting
- Qualitative Characteristics of Financial Reporting Information
- Fundamental Qualitative Characteristics
- Enhancing Qualitative Characteristics
- Key Constraint: Cost Effectiveness
- Elements of Financial Statements
- Underlying Assumptions
- Economic Entity Assumption
- Going Concern Assumption
- Periodicity Assumption
- Monetary Unit Assumption
- Recognition, Measurement, and Disclosure Concepts
- Recognition
- Measurement
- Disclosure
- Evolving GAAP
- Chapter 2: Review of the Accounting Process
- The Basic Model
- The Accounting Equation
- Account Relationships
- The Accounting Processing Cycle
- Brief Overview of Accounting Processing Cycle
- Illustration of Accounting Processing Cycle
- Journal, Ledger, and Trial Balance
- Concept Review Exercise: Journal Entries for External Transactions
- Adjusting Entries
- Prepayments
- Accruals
- Estimates
- Concept Review Exercise: Adjusting Entries
- Preparing the Financial Statements
- The Income Statement and the Statement of Comprehensive Income
- The Balance Sheet
- The Statement of Cash Flows
- The Statement of Shareholders’ Equity
- The Closing Process
- Concept Review Exercise: Financial Statement Preparation and Closing
- Conversion from Cash Basis to Accrual Basis
- Appendix 2A: Using a Worksheet
- Appendix 2B: Reversing Entries
- Appendix 2C: Subsidiary Ledgers and Special Journals
- Chapter 3: The Balance Sheet and Financial Disclosures
- Part A: The Balance Sheet
- Usefulness
- Limitations
- Classification of Elements
- Assets
- Liabilities
- Shareholders’ Equity
- Concept Review Exercise: Balance Sheet Classification
- Part B: Annual Report Disclosures
- Disclosure Notes
- Summary of Significant Accounting Policies
- Subsequent Events
- Noteworthy Events and Transactions
- Management’s Discussion and Analysis
- Management’s Responsibilities
- Compensation of Directors and Top Executives
- Sustainability Disclosures
- Auditor’s Report
- Part C: Risk Analysis
- Using Financial Statement Information
- Liquidity Ratios
- Solvency Ratios
- Appendix 3: Reporting Segment Information
- Chapter 4: The Income Statement, Comprehensive Income, and the Statement of Cash Flows
- Part A: The Income Statement and Comprehensive Income
- Income from Continuing Operations
- Revenues, Expenses, Gains, and Losses
- Operating Income versus Nonoperating Income
- Income Tax Expense
- Income Statement Formats
- Earnings Quality
- Income Smoothing and Classification Shifting
- Operating Income and Earnings Quality
- Nonoperating Income and Earnings Quality
- Non-GAAP Earnings
- Discontinued Operations
- What Constitutes a Discontinued Operation?
- Reporting Discontinued Operations
- Accounting Changes
- Change in Accounting Principle
- Change in Accounting Estimate
- Change in Depreciation, Amortization, or Depletion Method
- Correction of Accounting Errors
- Prior Period Adjustments
- Earnings per Share
- Comprehensive Income
- Statement of Comprehensive Income
- Balance Sheet—Accumulated Other Comprehensive Income
- Concept Review Exercise: Income Statement Presentation; Comprehensive Income
- Part B: The Statement of Cash Flows
- Usefulness of the Statement of Cash Flows
- Classifying Cash Flows
- Operating Activities
- Investing Activities
- Financing Activities
- Noncash Investing and Financing Activities
- Concept Review Exercise: Statement of Cash Flows
- Part C: Profitability Analysis
- Activity Ratios
- Profitability Ratios
- Profitability Analysis—An Illustration
- Appendix 4: Interim Reporting
- Chapter 5: Time Value of Money Concepts
- Part A: Basic Concepts
- Time Value of Money
- Simple versus Compound Interest
- Future Value of a Single Amount
- Present Value of a Single Amount
- Solving for Other Values When FV and PV Are Known
- Concept Review Exercise: Valuing a Single Cash Flow Amount
- Preview of Accounting Applications of Present Value Techniques—Single Cash Amount
- Part B: Basic Annuities
- Future Value of an Annuity
- Future Value of an Ordinary Annuity
- Future Value of an Annuity Due
- Present Value of an Annuity
- Present Value of an Ordinary Annuity
- Present Value of an Annuity Due
- Present Value of a Deferred Annuity
- Solving for Unknown Values in Present Value Situations
- Determining the Annuity Amount When Other Variables Are Known
- Determining the Periods When Other Variables Are Known
- Determining the Rate When Other Variables Are Known
- Determining When Other Variables Are Known—Unequal Cash Flows
- Concept Review Exercise: Annuities
- Preview of Accounting Applications of Present Value Techniques—Annuities
- Valuation of Long-Term Bonds
- Valuation of Long-Term Leases
- Valuation of Installment Notes
- Valuation of Pension Obligations
- Summary of Time Value of Money with Excel
- Chapter 6: Revenue Recognition
- Part A Introduction to Revenue Recognition
- Recognizing Revenue at a Single Point in Time
- Recognizing Revenue over a Period of Time
- Criteria for Recognizing Revenue over Time
- Determining Progress toward Completion
- Recognizing Revenue for Contracts That Contain Multiple Performance Obligations
- Step 2: Identify the Performance Obligation(s)
- Step 3: Determine the Transaction Price
- Step 4: Allocate the Transaction Price to Each Performance Obligation
- Step 5: Recognize Revenue When (or as) Each Performance Obligation Is Satisfied
- Concept Review Exercise: Revenue Recognition for Contracts with Multiple Performance Obligations
- Part B: Special Issues in Revenue Recognition
- Special Issues for Step 1: Identify the Contract
- Special Issues for Step 2: Identify the Performance Obligation(s)
- Special Issues for Step 3: Determine the Transaction Price
- Special Issues for Step 4: Allocate the Transaction Price to the Performance Obligations
- Special Issues for Step 5: Recognize Revenue When (or as) Each Performance Obligation Is Satisfied
- Disclosures
- Part C: Accounting for Long-Term Contracts
- Accounting for a Profitable Long-Term Contract
- A Comparison of Revenue Recognized over the Term of the Contract and at the Completion of Contract
- Long-Term Contract Losses
- Concept Review Exercise: Long-Term Construction Contracts
- Section 2: Assets
- Chapter 7: Cash and Receivables
- Part A: Cash and Cash Equivalents
- Internal Control
- Internal Control Procedures—Cash Receipts
- Internal Control Procedures—Cash Disbursements
- Restricted Cash and Compensating Balances
- Part B: Current Receivables
- Accounts Receivable
- Initial Valuation of Accounts Receivable
- Subsequent Valuation of Accounts Receivable
- Concept Review Exercise: Uncollectible Accounts Receivable
- Notes Receivable
- Short-Term Interest-Bearing Notes
- Short-Term Noninterest-Bearing Notes
- Long-Term Notes Receivable
- Subsequent Valuation of Notes Receivable
- Financing with Receivables
- Secured Borrowing
- Sale of Receivables
- Transfers of Notes Receivable
- Deciding Whether to Account for a Transfer as a Sale or a Secured Borrowing
- Disclosures
- Concept Review Exercise: Financing with Receivables
- Appendix 7A: Cash Controls
- Appendix 7B: Accounting for a Troubled Debt Restructuring
- Chapter 8: Inventories: Measurement
- Part A: Recording and Measuring Inventory
- Types of Inventory
- Merchandising Inventory
- Manufacturing Inventories
- Types of Inventory Systems
- Perpetual Inventory System
- Periodic Inventory System
- A Comparison of the Perpetual and Periodic Inventory Systems
- What Is Included in Inventory?
- Physical Units Included in Inventory
- Transactions Affecting Net Purchases
- Inventory Cost Flow Assumptions
- Specific Identification
- Average Cost
- First-In, First-Out (FIFO)
- Last-In, First-Out (LIFO)
- Comparison of Cost Flow Methods
- Factors Influencing Method Choice
- LIFO Reserves and LIFO Liquidation
- Concept Review Exercise: Inventory Cost Flow Methods
- Part B: Methods of Simplifying LIFO
- LIFO Inventory Pools
- Dollar-Value LIFO
- Cost Indexes
- The DVL Inventory Estimation Technique
- Concept Review Exercise: Dollar-Value LIFO
- Advantages of DVL
- Chapter 9: Inventories: Additional Issues
- Part A: Subsequent Measurement of Inventory
- Lower of Cost or Net Realizable Value (LCNRV)
- Applying Lower of Cost or Net Realizable Value
- Adjusting Cost to Net Realizable Value
- Concept Review Exercise: Lower of Cost or Net Realizable Value
- Lower of Cost or Market (LCM)
- Part B: Inventory Estimation Techniques
- The Gross Profit Method
- A Word of Caution
- The Retail Inventory Method
- Retail Terminology
- Cost Flow Methods
- Other Issues Pertaining to the Retail Method
- Concept Review Exercise: Retail Inventory Method
- Part C: Dollar-Value LIFO Retail
- Concept Review Exercise: Dollar-Value LIFO Retail Method
- Part D: Change in Inventory Method and Inventory Errors
- Change in Inventory Method
- Most Inventory Changes
- Change to the LIFO Method
- Inventory Errors
- When the Inventory Error Is Discovered the Following Year
- When the Inventory Error Is Discovered Two Years Later
- Concept Review Exercise: Inventory Errors
- Earnings Quality
- Appendix 9: Purchase Commitments
- Chapter 10: Property, Plant, and Equipment and Intangible Assets: Acquisition
- Part A: Valuation at Acquisition
- Types of Assets
- Costs to Be Capitalized
- Property, Plant, and Equipment
- Intangible Assets
- Lump-Sum Purchases
- Part B: Noncash Acquisitions
- Deferred Payments
- Issuance of Equity Securities
- Donated Assets
- Exchanges
- Fair Value Not Determinable
- Lack of Commercial Substance
- Concept Review Exercise: Exchanges
- Part C: Self-Constructed Assets and Research and Development
- Self-Constructed Assets
- Overhead Allocation
- Interest Capitalization
- Research and Development (R&D)
- Determining R&D Costs
- Software Development Costs
- R&D Performed for Others
- R&D Purchased in Business Acquisitions
- Start-Up Costs
- Appendix 10: Oil and Gas Accounting
- Chapter 11: Property, Plant, and Equipment and Intangible Assets: Utilization and Disposition
- Part A: Depreciation, Depletion, and Amortization
- Cost Allocation—An Overview
- Measuring Cost Allocation
- Service Life
- Allocation Base
- Allocation Method
- Depreciation
- Time-Based Depreciation Methods
- Activity-Based Depreciation Methods
- Concept Review Exercise: Depreciation Methods
- Partial Period Depreciation
- Dispositions
- Group and Composite Depreciation Methods
- Depletion of Natural Resources
- Amortization of Intangible Assets
- Intangible Assets Subject to Amortization
- Intangible Assets Not Subject to Amortization
- Concept Review Exercise: Depletion and Amortization
- Part B: Additional Issues
- Change in Estimates
- Change in Depreciation, Amortization, or Depletion Method
- Error Correction
- Impairment of Value
- Assets Held and Used
- Assets Held for Sale
- Impairment Losses and Earnings Quality
- Concept Review Exercise: Impairment
- Part C: Subsequent Expenditures
- Expenditures Subsequent to Acquisition
- Repairs and Maintenance
- Additions
- Improvements
- Rearrangements
- Costs of Defending Intangible Rights
- Appendix 11A: Comparison with MACRS (Tax Depreciation)
- Appendix 11B: Retirement and Replacement Methods of Depreciation
- Chapter 12: Investments
- Part A: Accounting for Debt Investments
- Example of a Debt Investment
- Recording the Purchase of a Debt Investment
- Recording Interest Revenue
- Three Classifications of Debt Investments
- Debt Investments to Be Held-to-Maturity (HTM)
- Unrealized Holding Gains and Losses Are Not Recognized for HTM Investments
- Sale of HTM Investments
- Impairment of HTM Investments
- Financial Statement Presentation
- Debt Investments Classified as Trading Securities
- Adjust Trading Security Investments to Fair Value (2024)
- Sale of Trading Security Investments
- Financial Statement Presentation
- Debt Investments Classified as Available-for-Sale Securities
- Comprehensive Income
- Rationale for AFS Treatment of Unrealized Holding Gains and Losses
- Adjust AFS Investments to Fair Value (2024)
- Sale of AFS Investments
- Impairment of AFS Investments
- Financial Statement Presentation
- Comparison of HTM, TS, and AFS Approaches
- Transfers between Reporting Categories
- Fair Value Option
- Concept Review Exercise: Debt Investment Securities
- Financial Statement Presentation and Disclosure
- Part B: Accounting for Equity Investments
- When the Investor Does Not Have Significant Influence: Fair Value through Net Income
- Purchase Investments
- Recognize Investment Revenue
- Adjust Equity Investments to Fair Value (2024)
- Sell the Equity Investment
- Adjust Remaining Equity Investments to Fair Value (2025)
- Financial Statement Presentation
- When the Investor Has Significant Influence: The Equity Method
- Control and Significant Influence
- Purchase of Investment
- Recording Investment Revenue
- Receiving Dividends
- Further Adjustments
- Adjustments for Additional Depreciation
- No Adjustments for Land or Goodwill
- Adjustments for Other Assets and Liabilities
- Reporting the Investment
- When the Investment Is Acquired in Mid-Year
- When the Investee Reports a Net Loss
- Impairment of Equity Method Investments
- What if Conditions Change?
- Fair Value Option
- Concept Review Exercise: The Equity Method
- Appendix 12A: Other Investments (Special Purpose Funds, Investments in Life Insurance Policies)
- Appendix 12B: Impairment of Debt Investments
- Section 3: Liabilities and Shareholders’ Equity
- Chapter 13: Current Liabilities and Contingencies
- Part A: Current Liabilities
- Characteristics of Liabilities
- What Is a Current Liability?
- Open Accounts and Notes
- Accounts Payable and Trade Notes Payable
- Short-Term Notes Payable
- Commercial Paper
- Accrued Liabilities
- Accrued Interest Payable
- Salaries, Commissions, and Bonuses
- Liabilities from Advance Collections
- Deposits and Advances from Customers
- Gift Cards
- Collections for Third Parties
- A Closer Look at the Current and Noncurrent Classification
- Current Maturities of Long-Term Debt
- Obligations Callable by the Creditor
- When Short-Term Obligations Are Expected to Be Refinanced
- Concept Review Exercise: Current Liabilities
- Part B: Contingencies
- Loss Contingencies
- Product Warranties and Guarantees
- Litigation Claims
- Subsequent Events
- Unasserted Claims and Assessments
- Gain Contingencies
- Concept Review Exercise: Contingencies
- Appendix 13: Payroll-Related Liabilities
- Chapter 14: Bonds and Long-Term Notes
- The Nature of Long-Term Debt
- Part A: Bonds
- The Bond Indenture
- Recording Bonds at Issuance
- Determining the Selling Price
- Bonds Issued at a Discount
- Determining Interest—Effective Interest Method
- Amortization Schedule
- Zero-Coupon Bonds
- Bonds Issued at a Premium
- When Financial Statements Are Prepared between Interest Dates
- The Straight-Line Method—A Practical Expediency
- Concept Review Exercise: Issuing Bonds and Recording Interest
- Debt Issue Costs
- Part B: Long-Term Notes
- Note Issued for Cash
- Note Exchanged for Assets or Services
- Installment Notes
- Concept Review Exercise: Note with an Unrealistic Interest Rate
- Financial Statement Disclosures
- Part C: Debt Retired Early, Convertible into Stock, or Providing an Option to Buy Stock
- Early Extinguishment of Debt
- Convertible Bonds
- When the Conversion Option Is Exercised
- Induced Conversion
- Bonds with Detachable Warrants
- Concept Review Exercise: Debt Disclosures and Early Extinguishment of Debt
- Part D: Option to Report Liabilities at Fair Value
- Determining Fair Value
- Reporting Changes in Fair Value
- Mix and Match
- Appendix 14A: Bonds Issued between Interest Dates
- Appendix 14B: Troubled Debt Restructuring
- Chapter 15: Leases
- Part A: Accounting by the Lessor and Lessee
- Why Lease?
- Lease Classification
- Finance Leases and Installment Notes Compared
- Finance/Sales-Type Leases
- Recording Interest Expense/Interest Revenue
- Recording Amortization of the Right-of-Use Asset
- Concept Review Exercise: Finance Lease/Sales-Type Lease: No Selling Profit
- Sales-Type Leases with Selling Profit
- Operating Leases
- Recording Lease Expense/Lease Revenue
- Reporting Lease Expense and Lease Revenue
- Discount Rate
- Concept Review Exercise: Operating Lease
- Short-Term Leases—A Shortcut Method
- Part B: Uncertainty in Lease Transactions
- What if the Lease Term Is Uncertain?
- What if the Lease Payments Are Uncertain?
- What if Lease Terms Are Modified?
- Residual Value
- Purchase Option
- Summary of the Lease Uncertainties
- Remeasurement of the Lease Liability
- Part C: Other Lease Accounting Issues and Reporting Requirements
- Is It a Lease?
- Nonlease Components of Lease Payments
- Concept Review Exercise: Various Lease Accounting Issues: Finance/Sales-Type Lease
- Statement of Cash Flow Impact
- Operating Leases
- Finance Leases—Lessee
- Sales-Type Leases—Lessor
- Lease Disclosures
- Qualitative Disclosures
- Quantitative Disclosures
- Appendix 15: Sale-Leaseback Arrangements
- Chapter 16: Accounting for Income Taxes
- Part A: Temporary Differences
- Conceptual Underpinnings
- The 4-Step Process
- Types of Temporary Differences
- Deferred Tax Liabilities
- Expense-Related Deferred Tax Liabilities
- Balance Sheet and Income Statement Perspectives
- Revenue-Related Deferred Tax Liabilities
- Deferred Tax Assets
- Expense-Related Deferred Tax Assets
- Revenue-Related Deferred Tax Assets
- Valuation Allowance
- Disclosures Linking Tax Expense with Changes in Deferred Tax Assets and Liabilities
- Part B: Permanent Differences
- Concept Review Exercise: Temporary and Permanent Differences
- Part C: Other Tax Accounting Issues
- Tax Rate Considerations
- When Enacted Tax Rates Differ between Years
- Changes in Enacted Tax Laws or Rates
- Multiple Temporary Differences
- Net Operating Losses
- Net Operating Loss Carryforward
- Financial Statement Presentation
- Balance Sheet Classification
- Disclosure Notes
- Part D: Coping with Uncertainty in Income Taxes
- Intraperiod Tax Allocation
- Concept Review Exercise: Multiple Differences and Net Operating Loss
- Chapter 17: Pensions and Other Postretirement Benefits
- Part A: The Nature of Pension Plans
- Defined Contribution Pension Plans
- Defined Benefit Pension Plans
- Pension Expense—An Overview
- Part B: The Pension Obligation and Plan Assets
- The Pension Obligation
- Accumulated Benefit Obligation
- Vested Benefit Obligation
- Projected Benefit Obligation
- Illustration Expanded to Consider the Entire Employee Pool
- Pension Plan Assets
- Reporting the Funded Status in the Balance Sheet
- Part C: Determining Pension Expense
- The Relationship between Pension Expense and Changes in the PBO and Plan Assets
- Components of Pension Expense
- Income Smoothing
- Part D: Reporting Issues
- Recording Gains and Losses
- Recording the Pension Expense
- Reporting Pension Expense in the Income Statement
- Recording the Funding of Plan Assets
- Comprehensive Income
- Income Tax Considerations
- Putting the Pieces Together
- Settlement or Curtailment of Pension Plans
- Concept Review Exercise: Pension Plans
- Part E: Postretirement Benefits Other Than Pensions
- What Is a Postretirement Benefit Plan?
- Postretirement Health Benefits and Pension Benefits Compared
- Determining the Net Cost of Benefits
- Postretirement Benefit Obligation
- Measuring the Obligation
- Attribution
- Accounting for Postretirement Benefit Plans Other Than Pensions
- A Comprehensive Illustration
- Concept Review Exercise: Other Postretirement Benefits
- Appendix 17: Service Method of Allocating Prior Service Cost
- Chapter 18: Shareholders’ Equity
- Part A: The Nature of Shareholders’ Equity
- Financial Reporting Overview
- Paid-in Capital
- Retained Earnings
- Treasury Stock
- Accumulated Other Comprehensive Income
- Reporting Shareholders’ Equity on the Balance Sheet
- Statement of Shareholders’ Equity
- The Corporate Organization
- Limited Liability
- Ease of Raising Capital
- Disadvantages
- Types of Corporations
- Hybrid Organizations
- The Model Business Corporation Act
- Part B: Paid-in Capital
- Fundamental Share Rights
- Distinguishing Classes of Shares
- Typical Rights of Preferred Shares
- Is It Equity or Is It Debt?
- The Concept of Par Value
- Accounting for the Issuance of Shares
- Par Value Shares Issued for Cash
- No-Par Shares Issued for Cash
- Shares Issued for Noncash Consideration
- More Than One Security Issued for a Single Price
- Share Issue Costs
- Concept Review Exercise: Expansion of Corporate Capital
- Share Repurchases
- Shares Formally Retired or Viewed as Treasury Stock
- Accounting for Retired Shares
- Accounting for Treasury Stock
- Resale of Shares
- Concept Review Exercise: Treasury Stock
- Part C: Retained Earnings
- Characteristics of Retained Earnings
- Dividends
- Liquidating Dividend
- Retained Earnings Restrictions
- Cash Dividends
- Property Dividends
- Stock Dividends and Splits
- Stock Dividends
- Stock Splits
- Stock Splits Effected in the Form of Stock Dividends (Large Stock Dividends)
- Concept Review Exercise: Changes in Retained Earnings
- Appendix 18: Quasi Reorganizations
- Section 4: Additional Financial Reporting Issues
- Chapter 19: Share-Based Compensation and Earnings per Share
- Part A: Share-Based Compensation
- Restricted Stock Plans
- Restricted Stock Awards
- Restricted Stock Units
- Stock Option Plans
- Recognizing the Fair Value of Options
- Forfeitures
- When Options Are Exercised
- When Unexercised Options Expire
- Plans with Graded Vesting
- Plans with Performance or Market Conditions
- Employee Share Purchase Plans
- Concept Review Exercise: Share-Based Compensation Plans
- Part B: Earnings per Share
- Basic Earnings per Share
- Issuance of New Shares
- Stock Dividends and Stock Splits
- Reacquired Shares
- Earnings Available to Common Shareholders
- Diluted Earnings per Share
- Potential Common Shares
- Options, Rights, and Warrants
- Convertible Securities
- Convertible Bonds
- Convertible Preferred Stock
- Antidilutive Securities
- Options, Warrants, Rights
- Convertible Securities
- Order of Entry for Multiple Convertible Securities
- Concept Review Exercise: Basic and Diluted EPS
- Additional EPS Issues
- Components of the “Proceeds” in the Treasury Stock Method
- Restricted Stock Awards in EPS Calculations
- Contingently Issuable Shares
- Summary of the Effect of Potential Common Shares on Earnings per Share
- Actual Conversions
- Financial Statement Presentation of Earnings per Share Data
- Concept Review Exercise: Additional EPS Issues
- Appendix 19A: Option-Pricing Theory
- Appendix 19B: Stock Appreciation Rights
- Chapter 20: Accounting Changes and Error Corrections
- Part A: Accounting Changes
- Change in Accounting Principle
- The Retrospective Approach: Most Changes in Accounting Principle
- The Modified Retrospective Approach
- The Prospective Approach
- Change in Accounting Estimate
- Changing Depreciation, Amortization, and Depletion Methods
- Change in Reporting Entity
- Errors
- Concept Review Exercise: Accounting Changes
- Part B: Correction of Accounting Errors
- Prior Period Adjustments
- Error Correction Illustrated
- Error Discovered in the Same Reporting Period That It Occurred
- Error Affecting Previous Financial Statements, but Not Net Income
- Error Affecting a Prior Year’s Net Income
- Concept Review Exercise: Correction of Errors
- Chapter 21: The Statement of Cash Flows Revisited
- Part A: The Content and Value of the Statement of Cash Flows
- Cash Inflows and Outflows
- Structure of the Statement of Cash Flows
- Cash, Cash Equivalents, and Restricted Cash
- Primary Elements of the Statement of Cash Flows
- Cash Flows from Operating Activities
- Cash Flows from Investing Activities
- Cash Flows from Financing Activities
- Reconciliation with Change in Cash Balance
- NonCash Investing and Financing Activities
- Preparation of the Statement of Cash Flows
- Part B: Preparing the SCF: Direct Method of Reporting Cash Flows from Operating Activities
- Using a Spreadsheet
- Income Statement Accounts
- Balance Sheet Accounts
- Concept Review Exercise: Comprehensive Review
- Part C: Preparing the SCF: Indirect Method of Reporting Cash Flows from Operating Activities
- Getting There through the Back Door
- Components of Net Income That Do Not Increase or Decrease Cash
- Components of Net Income That Do Increase or Decrease Cash
- Comparison with the Direct Method
- Reconciliation of Net Income to Cash Flows from Operating Activities
- Appendix 21A: Spreadsheet for the Indirect Method
- Appendix 21B: The T-Account Method of Preparing the Statement of Cash Flows
- Appendix A: Derivatives
- Appendix B: GAAP Comprehensive Case
- Appendix C: IFRS Comprehensive Case
- Glossary
- Index
- Present and Future Value Tables
