MARC record from Internet Archive

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008 120307t20122012njua b 001 0 eng
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050 00 $aHF5635$b.K5 2012
082 00 $a657/.044$222
100 1 $aKieso, Donald E.,$eauthor.
245 10 $aIntermediate accounting /$cDonald E. Kieso, Jerry J. Weygandt, Terry D. Warfield.
250 $a14th edition.
264 1 $aHoboken, NJ :$bWiley,$c[2012]
264 4 $c©2012
300 $axxxiii, 1581, I-23 pages :$billustrations (chiefly color) ;$c29 cm
336 $atext$btxt$2rdacontent
337 $aunmediated$bn$2rdamedia
338 $avolume$bnc$2rdacarrier
500 $aAlso issued in 2 vol. set : v. 1. Chapters 1-14 -- v. 2. Chapters 15-24.
504 $aIncludes bibliographical references and index.
505 2 $aFinancial accounting and accounting standards -- Conceptual framework for financial accounting -- The Accounting information system -- Income statement and related information -- Balance sheet and statement of cash flows -- Accounting and the time value of money -- Cash and receivables -- Valuation of inventories: a cost-basis approach -- Inventories: additional valuation issues -- Acquisition and disposition of property, plant, and equipment -- Depreciation, impairments, and depletion -- Intangible assets -- Current liabilities and contingencies -- Long-term liabilities -- Stockholders' equity -- Dilutive securities and earnings per share -- Investments -- Revenue recognition -- Accounting for income taxes -- Accounting for pensions and postretirement benefits -- Accounting for leases -- Accounting changes and error analysis -- Statement of cash flows -- Full disclosure in financial reporting.
505 0 $aFinancial Accounting And Accounting Standards: -- Thinking outside the box -- Financial statements and financial reporting -- Accounting and capital allocation -- What do the number mean? It's the accounting -- Objective of financial reporting -- What do the numbers mean? Don't forget stewardship -- Need to develop standards -- Parties involved in standard-setting -- Securities And Exchange Commission (SEC) -- American Institute Of Certified Public Accountants (AICPA) -- Financial Accounting Standards Board (FASB) -- Changing Role Of The AICPA -- Generally accepted accounting principles -- FASB codification -- What do the numbers mean? You have to step back -- Issues in financial reporting -- GAAP in a political environment -- What do the numbers mean? Fair consequences? -- Expectations gap -- Financial reporting challenges -- International accounting standards -- Ethics in the environment of financial accounting -- Conclusion -- FASB codification -- IFRS insights -- Conceptual Framework For Financial Accounting: -- What is it? -- Conceptual framework -- Need for a conceptual framework -- What do the numbers mean? -- What's your principle? -- Development of a conceptual framework -- Overview of the conceptual framework -- First level: Basic objective -- Second level: Fundamental concepts -- Qualitative characteristics of accounting information -- What do the numbers mean? Living in a material world -- What do the numbers mean? Show me the earnings! -- Basic elements -- Third level: Recognition and measurement concepts -- Basic assumptions -- What do the numbers mean? Whose company is it? -- Basic principles of accounting constraints -- What do the numbers mean? You may need a map -- Summary of the structure -- FASB codification -- IFRS insights -- Accounting Information System: -- Needed: a reliable information system -- Accounting information system -- Basic terminology -- Debits and credits -- Accounting equation -- Financial statements and ownership structure -- Accounting cycle -- Identifying and recording transactions and other events -- Journalizing -- Posting -- Trial balance -- Adjusting entries -- What do the numbers mean? Am I covered? -- Adjusted trial balance -- Preparing financial statements -- What do the number mean? 24/7 accounting -- Closing -- Post-closing trial balance -- Reversing entries -- Accounting cycle summarized -- What do the numbers mean? Statements, please -- Financial statements for a merchandising company -- Income statement -- Statement of retained earnings -- Balance sheet -- Closing entries -- Appendix 3 A: Cash-basis accounting versus accrual-basis accounting -- Conversion from cash basis to accrual basis -- Service revenue computation -- Operating expense computation -- Theoretical weaknesses of the cash basis -- Appendix 3 B: Using reversing entries -- Illustration of reversing entries-accruals -- Illustration of reversing entries-deferrals -- Summary of reversing entries -- Appendix 3 C: Using a worksheet: the accounting cycle revisited -- Worksheet columns -- Trial balance columns -- Adjustments columns -- Adjustments entered on the worksheet -- Adjusted trial balance -- Income statement and balance -- Sheet columns -- Preparing financial statements from a worksheet -- IFRS insights -- Income Statement And Related Information: -- Watch out for pro forma -- Income statement -- Usefulness of the income statement -- Limitations of the income statement -- Quality of earnings -- What do the numbers mean? Four: the loneliest number -- Format of the income statement -- Elements of the income statement -- Single-step income statements -- Multiple-step income statements -- Condensed income statements -- Reporting irregular items -- What do the numbers mean? Are one-time charges bugging you? -- Discontinued operations -- Extraordinary items -- What do the numbers mean? Extraordinary times -- Unusual gains and losses -- Changes in accounting principle -- Changes in estimates -- Corrections of errors -- Summary of irregular items -- Special reporting issues -- Intraperiod tax allocation -- Earnings per share -- Retained earnings statement -- What do the numbers mean? Different income concepts -- Comprehensive income -- FASB codification -- IFRS insights -- Balance Sheet And Statement Of Cash Flows: -- Hey, it doesn't balance! -- Section 1: Balance sheet -- Usefulness of the balance sheet -- What do the numbers mean? Grounded -- Limitations of the balance sheet -- Classification in the balance sheet -- Current assets -- Noncurrent assets -- Liabilities -- What do the numbers mean? Show me the assets! -- Owners' equity -- Balance sheet format -- What do the numbers mean? Warning signals -- Section 2: Statement of cash flows purpose of the statement of cash flows -- What do the numbers mean? Watch that cash flow -- Content and format of the statement of cash flows -- Overview of the preparation of the statement of cash flows -- Sources of information -- Preparing the statement of cash flows -- Significant noncash activities -- Usefulness of the statement of cash flows -- Financial liquidity -- Financial flexibility -- Free cash flow -- What do the numbers mean? There ought to be a law -- Section 3: Additional information supplemental disclosures -- Contingencies -- Accounting policies -- Contractual situations -- What do the numbers mean? What about your commitments? -- Fair values -- Techniques of disclosure -- Parenthetical explanations -- Notes -- Cross-reference and contra items -- Supporting schedules -- Terminology -- Appendix 5 A: Ratio analysis-a reference using ratios to analyze performance -- Appendix 5 B: Specimen Financial Statements: the Procter & Gamble Company -- FASB codification -- IFRS insights -- Accounting And The Time Value Of Money: -- Magic of interest -- Basic time value concepts -- Applications of time value -- Concepts -- Nature of interest -- Simple interest -- Compound interest -- What do the numbers mean? A pretty good start -- Fundamental variables -- Single-sum problems -- Future value of a single sum -- Present value of a single sum -- Solving for other unknowns in single-sum problems -- Annuities -- Future value of an ordinary annuity -- Future value of an annuity due -- Examples of future value of annuity problems -- Present value of an ordinary annuity -- What do the numbers mean? Up in smoke -- Present value of an annuity due -- Examples of present value of annuity problems -- More complex situations -- Deferred annuities -- Valuation of long-term bonds -- Effective-interest methods of amortization of bond discount or premium -- Present value measurement -- What do the numbers mean? How low can they go? -- Choosing an appropriate interest rate -- Example of expected cash flow -- FASB codification.
505 0 $aCash And Receivables: -- No-tell Nortel -- Cash -- What is cash? -- Reporting cash -- Summary of cash-related items -- What do the numbers mean? Deep pockets -- Accounts receivable -- Recognition of accounts receivable -- Valuation of accounts receivable -- What do the numbers mean? Too generous -- Notes receivable -- Recognition of notes receivable -- Valuation of notes receivable -- What do the numbers mean? Economic consequences and write-offs -- Special issues -- Fair value option -- Disposition of accounts and notes receivable -- What do the numbers mean? Return to lender -- Presentation and analysis -- Appendix 7 A: Cash controls -- Using bank accounts -- Imprest petty cash system -- Physical protection of cash balances -- Reconciliation of bank balances -- Appendix 7 B: Impairments of receivables -- Impairment measurement and reporting -- Impairment loss example -- What do the numbers mean? Lost in translation -- Recording impairment losses -- FASB codification -- IFRS insights -- Valuation of inventories: a cost-basis approach -- Inventories in the crystal ball -- Inventory issues -- Classification -- Inventory cost flow -- Inventory control -- What do the numbers mean? Staying lean -- Basic issues inventory valuation -- Physical goods included in inventory -- Goods in transit -- Consigned goods -- Special sales agreements -- What do the numbers mean? No parking! -- Effect of inventory errors -- Cost included in inventory -- Product costs -- Period costs -- Treatment of purchase discounts -- What do the numbers mean? You may need a map -- Which cost flow assumption to adopt? -- Specific identification -- Average cost -- First-in, first-out (FIFO) -- Last-in, first-out (LIFO) -- Special issues related to LIFO -- LIFO reserve -- What do the numbers mean? Comparing apples to apples -- LIFO liquidation -- Dollar-value LIFO -- What do the numbers mean? Quite a difference -- Comparison of LIFO approaches -- Major advantages of LIFO -- Major disadvantages of LIFO -- Basis for selection of inventory method -- What do the numbers mean? Repeal LIFO! -- Inventory valuation methods-summary analysis -- FASB codification -- Inventories: Additional Valuation Issues: -- What do inventory changes tell us? -- Lower-of cost-or-market -- Ceiling and floor -- How lower-of-cost-or-market works -- Methods of applying lower-of-cost-or-market -- Recording market instead of cost use of an allowance -- Use of an allowance-multiple periods -- What do the numbers mean? Put it in reverse -- Evaluation of the lower-of-cost-or-market rule -- Valuation bases -- Valuation at net realizable value -- Valuation using relative sales value -- Purchase commitments-a special problem -- Gross profit method of estimating inventory -- Computation of gross profit percentage -- Evaluation of gross profit method -- What do the numbers mean? Squeeze -- Retail inventory method -- Retail-method concepts -- Retail inventory method with markups and markdowns-conventional method -- Special items relating to retail method -- Evaluation of retail inventory method -- Presentation and analysis -- Presentation of inventories -- Analysis of inventories -- Appendix 9 A: LIFO retail methods -- Stable prices-LIFO retail method -- Fluctuating prices-dollar-value LIFO retail method -- Subsequent adjustments under dollar-value LIFO retail -- Changing from conventional retail to LIFO -- FASB codification -- IFRS insights -- Acquisition And Disposition Of Property, Plant, And Equipment: -- Where have all the assets gone? -- Property, plant, and equipment -- Acquisition of property, plant, and equipment -- Cost of land -- Cost of buildings -- Cost of equipment -- Self-constructed assets -- Interest costs during construction -- What do the numbers mean? What's in your interest? -- Observations -- Valuation of property, plant, and equipment -- Cash discounts -- Deferred-payment contracts -- Lump-sum purchases -- Issuance of stock -- Exchanges of nonmonetary assets -- What do the numbers mean? About those swaps -- Accounting for contributions -- Other asset valuation methods -- Costs subsequent to acquisition -- What do the numbers mean? Disconnected -- Additions -- Improvements and replacements -- Rearrangement and reinstallation -- Repairs -- Summary of costs subsequent to acquisition -- Disposition of property, plant, and equipment -- Sale of plant assets -- Involuntary conversion -- Miscellaneous problems -- FASB codification -- Depreciation, Impairment, And Depletion: -- Here come the write-offs -- Depreciation-a method of cost allocation -- Factors involved in the depreciation process -- What do the numbers mean? Alphabet dupe -- Methods of depreciation -- Special depreciation methods -- What do the numbers mean? Decelerating depreciation -- Special depreciation issues -- What do the number mean? Depreciation choices -- Impairments -- Recognizing impairments -- Measuring impairments -- Restoration of impairment loss -- Impairment of assets to be disposed of -- Depletion -- Establishing a depletion base -- Write-off of resource cost -- Estimating recoverable reserves -- Liquidating dividends -- Continuing controversy -- What do the numbers mean? Rah-Rah surprise -- Presentation and analysis -- Presentation of property, plant, equipment, and natural resources -- Analysis of property, plant, and equipment -- Appendix 11A Income tax -- Depreciation -- Modified accelerated cost recovery system -- Tax lives (recovery periods) -- Tax Depreciation methods -- Example of MACRS system -- Optional straight-line method -- Tax versus book depreciation -- FASB codification -- IFRS insights -- Intangible Assets: -- Are we there yet? -- Intangible asset issues -- Characteristics -- Valuation -- Amortization of intangibles -- What do the number mean? Definitely indefinite -- Types of intangible assets -- Marketing-related intangible assets -- Customer-related intangible assets -- Artistic-related intangible assets -- Contract-related intangible assets -- Technology-related intangible assets -- What do the numbers mean? Patent battles -- What do the number mean? Value of a secret formula -- Goodwill -- Impairment of intangible assets -- Impairment of limited-life intangibles -- Impairment of indefinite-life intangibles other than goodwill -- Impairment of goodwill -- Impairment summary -- What do the numbers mean? Impairment risk -- Research and development costs -- Identifying R & D activities -- Accounting for R & D activities -- Costs similar to R & D costs -- What do the numbers mean? Branded conceptual questions -- Presentation of intangibles and related items -- Presentation of intangible assets -- Presentation of research and development costs -- Appendix 12 A: Accounting for computer software costs: -- Diversity in practice -- Profession's position -- Accounting for capitalized software costs -- Reporting software costs -- Setting standards for software accounting -- FASB codification -- IFRS insights.
505 0 $aCurrent Liabilities And Contingencies: -- Now you see it, now you don't -- Section 1: Current liabilities -- What is a liability? -- What is a current liability? -- Account payable -- Notes payable -- Current maturities of long-term debt -- Short-term obligations expected to be refinanced -- What do the numbers mean? What about that short-term debt? -- Dividends payable -- Customer advances and deposits -- Unearned revenues -- What do the number mean? Microsoft's liabilities-good or bad? -- Sales taxes payable -- Income taxes payable -- Employee-related liabilities -- Compensated absences -- Section 2: Contingencies: -- Gain contingencies -- Loss contingencies -- Likelihood of loss -- Litigation, claims, and assessments -- Guarantee and warranty costs -- Premiums and coupons -- What do the number mean? Frequent flyers -- Environmental liabilities -- What do the numbers mean? More disclosure please -- Self-insurance -- Section 3: Presentation and analysis: -- Presentation of current liabilities -- Presentation of contingencies -- Analysis of current liabilities -- Current ratio -- Acid-test ratio -- FASB codification -- IFRS insights -- Long-Term Liabilities: -- Bonds versus notes? -- Section 1: Bonds payable -- Issuing bonds -- Types and ratings of bonds -- What do the numbers mean? All about bonds -- Valuation of bonds payable-discount and premium -- What do the number mean? How's my rating? -- Bonds issued at par on interest date -- Bonds issued at discount or premium on interest date -- Bonds issued between interest dates -- Effective-interest method -- Bonds issued at a discount -- Bonds issued at a premium -- Accruing interest -- Classification of discount and premium -- Cost of issuing bonds -- Extinguishment of debt -- What do the numbers mean? Your debt is killing my equity -- Section 2: Long-term notes payable -- Notes issued at face value -- Notes not issued at face value -- Zero-interest-bearing notes -- Interest-bearing notes -- Special notes payable situations -- Notes issued for property, goods, or services -- Choice of interest rate -- Mortgage notes payable -- Fair value option -- Fair value measurement -- Fair value controversy -- Section 3: Reporting and analyzing long-term debt -- Off-balance-sheet financing -- Different forms -- Rationale -- What do the numbers mean? Obligated -- Presentation and analysis of long-term debt -- Presentation of long-term debt -- Analysis of long-term debt -- Appendix 14 A: Troubled-debt restructurings -- Settlement of debt -- Transfer of assets -- Granting of equity interest -- Modification of terms -- Example 1: No gain for debtor -- Example 2: Gain for debtor -- Concluding remarks -- FASB codification -- IFRS insights -- Stockholders' Equity: -- It's a global market -- Corporate form of organization -- State corporate law -- Capital stock or share system -- Variety of ownership interests -- What do the numbers mean? Class (B) act -- Corporate capital -- Issuance of stock -- What do the number mean? Case of the disappearing receivable -- Reacquisition of shares -- What do the numbers mean? Signals to buy? -- What do the numbers mean? Not so good anymore -- Preferred stock -- Features of preferred stock -- Accounting for and reporting preferred stock -- Dividend policy -- Financial condition and dividend distributions -- Types of dividends -- Stock split -- What do the numbers mean? Splitsville -- What do the number mean? Dividends up, dividends down -- Disclosure of restrictions on retained earnings -- Presentation and analysis of stockholders' equity -- Presentation -- Analysis -- Appendix 15 A: Dividend preferences and book value per share -- Dividend preferences -- Book value per share -- FASB codification -- IFRS insights -- Dilutive Securities And Earnings Per Share: -- Kicking the habit -- Section 1: Dilutive securities and compensation plans -- Debt and equity -- Accounting for convertible debt -- At time of issuance -- At time of conversion -- Induced conversions -- Retirement of convertible debt -- Convertible preferred stock -- What do the numbers mean? How low can you go? -- Stocks warrants -- Stock warrants issued with other securities -- Rights to subscribe to additional shares -- Stock compensation plans -- Accounting for stock compensation -- Stock-option plans -- Restricted stock -- Employee stock-purchase plans -- Disclosure of compensation plans -- Debate over stock-option accounting -- What do the number mean? Little honesty goes a long way -- Section 2: Computing earnings per share -- Earnings per share-simple capital structure -- Preferred stock dividends -- Weighted-average number of shares outstanding -- Comprehensive example -- Earning per share-complex capital structure -- Diluted EPS-convertible securities -- Diluted EPS-options and warrants -- Contingent issue agreement -- Antidilution revisited -- EPS presentation and disclosure -- What do the numbers mean? Pro forma EPS confusion -- Summary of EPS computation -- Appendix 16 A: Accounting for stock-appreciation rights -- SARS-Share-based equity awards --- SARS-share-based liability awards -- Stock-appreciation rights example -- Appendix 16 B: comprehensive earnings per share example -- Diluted earnings per share -- FASB codification -- IFRS insights -- Investments: -- What to do? -- Investment accounting approaches -- Section 1: Investments in debt securities -- Held-to-maturity securities -- Available-for-sale securities -- Example: Single security -- Example: Portfolio of securities -- Sale of available-for-sale securities -- Financial statement presentation -- What do the number mean? What is fair value? -- Trading securities -- Section 2: Investments in equity securities -- Holdings of less than 20% -- Available-for-sale securities -- Trading securities -- Holdings between 20 % and 50% -- Equity method -- What do the numbers mean? Who's in control here? -- Holding of more than 50% -- Section 3: Other reporting issues fair value option -- Available-for-sale securities -- Equity method of accounting -- Impairment of value -- Reclassification adjustments -- Comprehensive example -- Transfers between categories -- Fair value controversy -- Measurement based on intent -- Gains trading -- Liabilities not fairly valued -- Fair values-final comment -- Summary of reporting treatment of securities -- What do the numbers mean? More disclosure, please -- Appendix 17 A: Accounting for derivative instruments -- Defining derivatives -- Who uses derivatives, and why? -- Producers and consumers -- Speculators and arbitrageurs -- Basic principles in accounting for derivatives -- Example of derivative financial instrument-speculation -- Differences between traditional and derivative financial instruments -- What do the numbers mean? Risky business -- Derivatives used for hedging -- Fair value hedge -- Cash flow hedge -- Other reporting issues -- Embedded derivatives -- Qualifying hedge criteria -- Summary of derivatives accounting -- Comprehensive hedge accounting example -- Fair value hedge -- Financial statement presentation of an interest rate swap -- Controversy and concluding remarks -- Appendix 17 B: Variable-interest entities -- What about GAAP? -- Consolidation of variable-interest entities -- Some examples -- What is happening in practice? -- Appendix 17 C: Fair value measurements and disclosures -- Disclosure of fair value information: financial instruments-no fair value option -- Disclosure of fair value information: financial instruments-fair value option -- Disclosure of fair values: impaired assets or liabilities -- FASB codification -- IFRS insights -- Revenue Recognition: -- It's back -- Current environment -- Guidelines for revenue recognition -- Departures from the sale basis -- What do the numbers mean? Liability or revenue? -- Revenue recognition at point of sale (delivery) -- Sales with discounts -- Sales with right of return -- Sales with buybacks -- Bill and hold sales -- Principal-agent relationships -- What do the numbers mean? Grossed out -- Trade loading and channel stuffing -- What do the numbers mean? No take-backs -- Multiple-deliverable arrangements -- Summary of revenue recognition methods -- Revenue recognition before delivery -- Percentage-of-completion method -- Completed-contract method -- Long-term contract losses -- Disclosures in financial statements -- What do the numbers mean? Less conservative -- Completion-of-production basis -- Revenue recognition after delivery -- Installment-sales method -- Cost-recovery method -- Deposit method -- Summary of product revenue recognition bases -- Concluding remarks -- Appendix 18 A: Revenue recognition for franchises -- Initial franchise fees -- Example of entries for initial franchise fee -- Continuing franchise fees -- Bargain purchases -- Options to purchase -- Franchisor's cost -- Disclosure of franchisors -- FASB codification -- IFRS insights.
505 0 $aAccounting For Income Taxes: -- How much is enough? -- Fundamentals of accounting for income taxes -- Future taxable amounts and deferred taxes -- What do the numbers mean? Real liabilities -- Future deductible amounts and deferred taxes -- What do the numbers mean? Real assets -- Income statement presentation -- Specific differences -- Tax rate considerations -- What do the numbers mean? Global tax rates -- Accounting for net operating losses -- Loss carryback -- Loss carryforward -- Loss carryback example -- Loss carryforward example -- What do the numbers mean? NOLs: Good news or bad? -- Financial statement presentation -- Balance sheet -- Income statement -- Uncertain tax positions -- What do the numbers mean? Sheltered -- Review of the asset-liability method -- Review of the asset-liability method -- Appendix 19 A: Comprehensive example of interperiod tax allocation -- First year- 2011 -- Taxable income and income taxes payable-2011 -- Computing deferred income taxes-end of 2011 -- Deferred tax expense (benefit) and the journal entry to record income taxes-2011 -- Financial statement presentation-2011 -- Second year-2012 -- Taxable income and income taxes payable-2012 -- Computing deferred income taxes-end of 2012 -- Deferred tax expense (benefit) and the journal entry to record income taxes-2012 -- Financial statement presentation-2012 -- FASB codification -- IFRS insights -- Accounting For Pensions And Postretirement Benefits: -- Where have all the pensions gone? -- Nature of pension plans -- Defined contribution plan -- Defined benefit plan -- What do the numbers mean? Which plan is right for you? -- Role of actuaries in pension accounting -- Accounting for pensions -- Alternative measures of the liability -- Recognition of the net funded status of the pension plan -- Components of pension expense -- Using a pension worksheet -- 2012 entries and worksheet -- Amortization of prior services cost (PSC) -- 2013 entries and worksheet -- Gain or loss -- What do the numbers mean? Pension costs ups and downs -- 2014 entries and worksheet -- What do the numbers mean? Roller coaster -- Reporting pension plans in financial statements -- Within the financial statements -- Within the notes to the financial statements -- Example of pension note disclosure -- 2015 entries and worksheet-a comprehensive example -- Special issues -- What do the numbers mean? Bailing out -- Concluding observations -- Appendix 20 A: Accounting for postretirement benefits -- Accounting guidance -- Differences between pension benefits and healthcare benefits -- What do the numbers mean? OPEBs -- How big are they? -- Postretirement benefits accounting provisions -- Obligations under postretirement benefits -- Postretirement expense -- Illustrative accounting entries -- 2012 entries and worksheet -- Recognition of gains and losses -- 2013 entries and worksheet -- Amortization of net gain or loss in 2014 -- Disclosures in notes to the financial statements -- Actuarial assumptions and conceptual issues -- What do the numbers mean? GASB who? -- FASB codification -- IFRS insights -- Accounting For Leases: -- More companies ask, "why buy?" -- Leasing environment -- Who are the players? -- Advantages of leasing -- What do the numbers mean? Off-balance-sheet financing -- Conceptual nature of a lease -- Accounting by the lessee -- Capitalization criteria -- Asset and liability accounted for differently -- Capital lease method (lessee) -- Operating method (lessee) -- What do the numbers mean? Restatements on the menu -- Comparison of capital lease with operating lease -- What do the numbers mean? Are you liable? -- Accounting by the lessor -- Economics of leasing -- Classification of leases by the lessor -- Direct-financing method (lessor) -- Operating method (lessor) -- Special accounting problems -- Residual values -- Sales-type leases (lessor) -- What do the numbers mean? Xerox takes on the SEC -- Bargain-purchase option (lessee) -- Initial direct costs (lessor) -- Current versus noncurrent -- Disclosing lease data -- Lease accounting-unresolved problems -- Appendix 21 A: Examples of lease arrangements -- Example 1: Harmon, Inc -- Example 2: Arden's Oven Co -- Example 3: Appleland Computer -- Appendix 21 B: Sale-leasebacks -- Determining asset use -- Lessee -- Lessor -- Sale-leaseback example -- FASB codification -- IFRS insights -- Accounting Changes And Error Analysis: -- In the dark -- Section 1: Accounting changes -- Changes in accounting principle -- What do the numbers mean? Quite a change -- Retrospective accounting change approach -- What do the numbers mean? Change management -- Impracticability -- Changes in accounting estimate -- Prospective reporting -- Disclosures -- Change in reporting entity -- Correction of errors -- Example of error correction -- Summary of accounting changes and correction of errors -- What do the numbers mean? Can I get my money back? -- Motivations for change of accounting method -- Section 2: Error analysis -- Balance sheet errors -- Income statement errors -- Balance sheet and income statement errors -- Counterbalancing errors -- Noncounter balancing errors -- Comprehensive example: Numerous errors -- What do the numbers mean? Guard the financial statements! -- Preparation of financial statements with error corrections -- Appendix 22 A: Changing from or to the equity method -- Change from the equity method -- Dividends in excess of earnings -- Change to the equity method -- FASB codification -- IFRS insights -- Statement Of Cash Flows: -- Section 1: Preparation of the statement of cash flows -- Usefulness of the statement of cash flows -- Classification of cash flows -- What do the numbers mean? How's my cash flow? -- Format of the statement of cash flows -- Steps in preparation -- First example-2011 -- Step 1: Determine the change in cash -- Step 2: Determine net cash flow from operating activities -- What do the numbers mean? Pumping up cash -- Step 3: Determine net cash flows from investing and financing activities -- Statement of cash flows-2011 -- Second example-2012 -- Step 1: Determine the change in cash -- Step 2: Determine net cash flow from operating activities-indirect method -- Step 3: Determine net cash flows from investing and financing activities -- Statement of cash flows-2012 -- Third example-2013 -- Step 1: Determine the change in cash -- Step 2: Determine net cash flow from operating activities-indirect method -- Step 3: Determine net cash flows from investing and financing activities -- Statement of cash flows-2012 -- Sources of information for the statement of cash flows -- Net cash flow from operating activities-indirect versus direct method -- Indirect method -- Direct method-an example -- Direct versus indirect controversy -- What do the numbers mean? Not what is seems -- Section 2: Special problems in statement preparation -- Adjustments to net income -- Depreciation and amortization -- Postretirement benefits costs -- Change in deferred income taxes -- Equity method of accounting -- Losses and gains -- Stock options -- Extraordinary items -- Accounts receivable (net) -- Indirect method -- Direct method -- Other working capital changes -- Net losses -- Significant noncash transactions -- What do the numbers mean? Cash flow tool -- Section 3: Use of a worksheet -- Preparation of the worksheet -- Analysis of transactions -- Change in retained earnings -- Accounts receivable (net) -- Inventory -- Prepaid expense -- Investment in stock -- Land -- Equipment and accumulated depreciation -- Building depreciation and amortization of trademarks -- Other noncash charges or credits -- Common stock and related accounts -- Final reconciling entry -- Preparation of final statement -- FASB codification -- IFRS insights -- Full Disclosure In Financial Reporting: -- High-quality financial reporting-always in fashion -- Full disclosure principle -- Increase in reporting requirements -- Differential disclosure -- What do the numbers mean? Heart of the matter -- Notes to the financial statements -- Accounting polices -- Common notes -- What do the numbers mean? Footnote secrets -- Disclosure issues -- Disclosure of special transactions or events -- Post-balance-sheet events (subsequent events) -- Reporting for diversified (conglomerate) companies -- Interim reports -- What do the numbers mean? I want it faster -- Auditor's and management's reports -- Auditor's report -- Management's reports -- Current reporting issues -- Reporting on financial forecasts and projections -- Internet financial reporting -- What do the numbers mean? New formats, new disclosure -- Fraudulent financial reporting -- What do the numbers mean? Disclosure overload -- Criteria for making accounting and reporting choices -- Appendix 24 A: Basic financial statement analysis -- Perspective on financial statement analysis -- Ratio analysis -- Limitations of ratio analysis -- Comparative analysis -- Percentage (common-size) analysis -- FASB codification -- IFRS insights -- Index.
520 $aSynopsis: INTERMEDIATE ACCOUNTING by Kieso, Weygandt, and Warfield is, quite simply, the standard by which all other intermediate accounting texts are measured. Through thirty years and twelve best-selling editions, the text has built a reputation for accuracy, comprehensiveness, and student success.
650 0 $aAccounting.
650 7 $aAccounting.$2fast$0(OCoLC)fst00795379
700 1 $aWeygandt, Jerry J.,$eauthor.
700 1 $aWarfield, Terry D.,$eauthor.
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938 $aYBP Library Services$bYANK$n3516250
938 $aBlackwell Book Service$bBBUS$n3516250
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948 $hNO HOLDINGS IN P4A - 132 OTHER HOLDINGS