Description
Intermediate Accounting, 10th Canadian Edition, Volume 1
Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Nicola M. Young, Irene M. Wiecek, Bruce J. McConomy EBOOK PDF Instant Download
Table of Content
• Title Page
• Copyright Page
• Dedication
• About the Authors
• Preface
• Acknowledgements
• Brief Contents
• Contents
• CHAPTER 1 The Canadian Financial Reporting Environment
• FINANCIAL STATEMENTS AND FINANCIAL REPORTING
• Accounting and Capital Allocation
• Stakeholders
• Objective of Financial Reporting
• Information Asymmetry
• STANDARD SETTING
• Need for Standards
• Parties Involved in Standard Setting
• GENERALLY ACCEPTED ACCOUNTING PRINCIPLES
• GAAP Hierarchy
• Professional Judgement
• CHALLENGES AND OPPORTUNITIES FOR THE ACCOUNTING PROFESSION
• Oversight in the Capital Marketplace
• Centrality of Ethics
• Standard Setting in a Political Environment
• Principles versus Rules
• Impact of Technology
• Integrated Reporting
• Conclusion
• CHAPTER 2 Conceptual Framework Underlying Financial Reporting
• CONCEPTUAL FRAMEWORK
• Rationale for Conceptual Framework
• Development of the Conceptual Framework
• Information Asymmetry Revisited
• OBJECTIVE OF FINANCIAL REPORTING
• Qualitative Characteristics of Useful Information
• Elements of Financial Statements
• FOUNDATIONAL PRINCIPLES
• Recognition/Derecognition
• Measurement
• Presentation and Disclosure
• FINANCIAL REPORTING ISSUES
• Principles-Based Approach
• Financial Engineering
• Fraudulent Financial Reporting
• IFRS/ASPE COMPARISON
• Looking Ahead
• CHAPTER 3 The Accounting Information System and Measurement Issues
• ACCOUNTING INFORMATION SYSTEM
• Basic Terminology and Double-Entry Rules
• Accounting Equation
• THE ACCOUNTING CYCLE AND THE RECORDING PROCESS
• Identifying and Recording Transactions and Other Events
• Journalizing
• Posting
• Trial Balance
• Adjusting Entries
• FINANCIAL STATEMENTS AND OWNERSHIP STRUCTURE
• THE CLOSING PROCESS
• Preparing Closing Entries
• Reversing Entries
• MEASURING FINANCIAL STATEMENT ELEMENTS
• Valuation Techniques
• Value in Use Measurements
• Measuring Fair Value Using IFRS 13
• IFRS/ASPE COMPARISON
• A Comparison of IFRS and ASPE
• Looking Ahead
• APPENDIX 3A—USING A WORK SHEET
• Adjustments Entered on the Work Sheet
• Work Sheet Columns
• Completing the Work Sheet
• Preparing Financial Statements from a Work Sheet
• APPENDIX 3B—PRESENT VALUE CONCEPTS
• The Nature of Interest
• Fundamental Variables in Present Value Calculations
• Different Ways to Perform the Calculations
• Some Additional Calculations
• CHAPTER 4 Reporting Financial Performance
• PERFORMANCE
• Business Models and Industries
• Communicating Information about Performance
• Quality of Earnings/Information
• THE STATEMENT OF INCOME AND THE STATEMENT OF COMPREHENSIVE INCOME
• Measurement
• Discontinued Operations
• Presentation
• THE STATEMENT OF RETAINED EARNINGS AND THE STATEMENT OF CHANGES IN EQUITY
• Presentation of the Statement of Retained Earnings
• Presentation of the Statement of Changes in Equity
• DISCLOSURE AND ANALYSIS
• Disclosures
• Analysis
• Non-GAAP Measures
• Other Key Measures
• IFRS/ASPE COMPARISON
• A Comparison of IFRS and ASPE
• Looking Ahead
• APPENDIX 4A—CASH BASIS VERSUS ACCRUAL BASIS EARNINGS
• Differences Between Cash and Accrual Bases
• Conversion from Cash Basis to Accrual Basis
• Theoretical Weaknesses of the Cash Basis
• CHAPTER 5 Financial Position and Cash Flows
• USEFULNESS OF THE STATEMENTS OF FINANCIAL POSITION AND CASH FLOWS FROM A BUSINESS PERSPECTIVE
• Analyzing a Statement of Financial Position
• Assessing Earnings Quality
• Assessing the Creditworthiness of Companies
• STATEMENT OF FINANCIAL POSITION
• Usefulness and Limitations of the Statement of Financial Position
• Classification in the Statement of Financial Position
• Preparation of the Classified Statement of Financial Position (Balance Sheet)
• Additional Information Reported
• Techniques of Disclosure
• STATEMENT OF CASH FLOWS
• Purpose, Content, and Format of a Statement of Cash Flows
• Preparation of the Statement of Cash Flows
• Usefulness of the Statement of Cash Flows
• Perspectives
• IFRS/ASPE COMPARISON
• A Comparison of IFRS and ASPE
• Looking Ahead
• APPENDIX 5A—RATIO ANALYSIS: A REFERENCE
• Business Risks
• Financial Ratios
• Cumulative Coverage and Task-Based Simulation: Chapters 3 to 5
• CHAPTER 6 Revenue Recognition
• UNDERSTANDING THE NATURE OF SALES TRANSACTIONS FROM A BUSINESS PERSPECTIVE
• Economics of Sales Transactions
• Legalities of Sales Transactions
• Information for Decision-Making
• RECOGNITION AND MEASUREMENT
• Asset-Liability Approach
• Five-Step Revenue Recognition Process—Example
• Identifying the Contract with Customers—Step 1
• Identifying Separate Performance Obligations—Step 2
• Determining the Transaction Price—Step 3
• Allocating the Transaction Price to Separate Performance Obligations—Step 4
• Recognizing Revenue When (or as) Each Performance Obligation is Satisfied—Step 5
• Summary of the Five-Step Revenue Recognition Process
• Earnings Approach
• OTHER REVENUE RECOGNITION ISSUES
• Right of Return
• Repurchase Agreements
• Bill-and-Hold Arrangements
• Principal-Agent Relationships
• Consignments
• Warranties
• Non-refundable Upfront Fees
• Summary of Other Revenue Recognition Issues
• PRESENTATION AND DISCLOSURE
• Presentation
• Disclosure
• IFRS/ASPE COMPARISON
• A Comparison of IFRS and ASPE
• Looking Ahead
• APPENDIX 6A—LONG-TERM CONTRACTS
• Percentage-of-Completion Method
• Completed-Contract Method
• CHAPTER 7 Cash and Receivables
• UNDERSTANDING CASH AND ACCOUNTS RECEIVABLE
• How Do Companies Manage and Control Cash?
• What Types of Companies Have Extensive Accounts Receivable?
• What Are the Types of Accounts Receivable?
• How Do Companies Manage Accounts Receivable?
• CASH RECOGNITION AND MEASUREMENT
• What Is Cash?
• Reporting Cash
• Summary of Cash-Related Items
• RECEIVABLES—RECOGNITION AND MEASUREMENT
• Definition and Types
• Recognition and Measurement of Accounts Receivable
• Impairment of Accounts Receivable
• Recognition and Measurement of Short-Term Notes and Loans Receivable
• Recognition and Measurement of Long-Term Notes and Loans Receivable
• Derecognition of Receivables
• PRESENTATION, DISCLOSURE, AND ANALYSIS OF RECEIVABLES
• Presentation and Disclosure
• Analysis
• IFRS/ASPE COMPARISON
• A Comparison of IFRS and ASPE
• Looking Ahead
• APPENDIX 7A—CASH CONTROLS
• Management and Control of Cash
• Using Bank Accounts
• The Imprest Petty Cash System
• Physical Protection of Cash Balances
• Reconciliation of Bank Balances
• CHAPTER 8 Inventory
• UNDERSTANDING INVENTORY
• What Types of Companies Have Inventory?
• Inventory Categories
• Inventory Planning and Control
• Information for Decision-Making
• RECOGNITION
• Accounting Definition of Inventory
• Physical Goods Included in Inventory
• Inventory Errors
• MEASUREMENT
• Costs Included in Inventory
• Inventory Accounting Systems
• Cost Formulas
• Lower of Cost and Net Realizable Value
• Exceptions to Lower of Cost and Net Realizable Value Model
• Estimating Inventory
• PRESENTATION, DISCLOSURE, AND ANALYSIS
• Presentation and Disclosure of Inventories
• Analysis
• IFRS/ASPE COMPARISON
• A Comparison of IFRS and ASPE
• Looking Ahead
• APPENDIX 8A—THE RETAIL INVENTORY METHOD OF ESTIMATING INVENTORY COST
• Retail Method Terminology
• Retail Inventory Method with Markups and Markdowns—Conventional Method
• Special Items
• Evaluation of Retail Inventory Method
• APPENDIX 8B—ACCOUNTING GUIDANCE FOR SPECIFIC INVENTORY
• CHAPTER 9 Investments
• UNDERSTANDING INVESTMENTS
• Types of Investments
• Types of Companies That Have Investments
• Information for Decision-Making
• MEASUREMENT
• Cost/Amortized Cost Model
• Fair Value through Net Income (FV-NI) Model
• Fair Value through Other Comprehensive Income (FV-OCI) Model
• Impairment Models
• STRATEGIC INVESTMENTS
• Investments in Associates
• Investments in Subsidiaries
• PRESENTATION, DISCLOSURE, AND ANALYSIS
• Presentation and Disclosure
• Analysis
• IFRS/ASPE COMPARISON
• A Comparison of IFRS and ASPE
• Looking Ahead
• Cumulative Coverage and Task-Based Simulation: Chapters 6 to 9
• CHAPTER 10 Property, Plant, and Equipment: Accounting Model Basics
• DEFINITION AND RECOGNITION OF PROPERTY, PLANT, AND EQUIPMENT
• Property, Plant, and Equipment—Business Perspective
• Property, Plant, and Equipment— Characteristics
• COST ELEMENTS
• Self-Constructed Assets
• Borrowing Costs
• Dismantling and Restoration Costs
• MEASUREMENT OF COST
• Determining Asset Cost when Cash is Not Exchanged at Acquisition
• Costs Associated with Specific Assets
• MEASUREMENT AFTER ACQUISITION
• Cost and Revaluation Models
• Fair Value Model
• Costs Incurred after Acquisition
• IFRS/ASPE COMPARISON
• A Comparison of IFRS and ASPE
• Looking Ahead
• APPENDIX 10A—CAPITALIZATION OF BORROWING COSTS
• Qualifying Assets
• Capitalization Period
• Avoidable Borrowing Costs
• Disclosures
• APPENDIX 10B—REVALUATION: THE PROPORTIONATE METHOD
• CHAPTER 11 Depreciation, Impairment, and Disposition
• THE IMPORTANCE OF DEPRECIATION, IMPAIRMENT, AND DISPOSITION FROM A BUSINESS PERSPECTIVE
• DEPRECIATION—A METHOD OF ALLOCATION
• Factors Considered in the Depreciation Process
• Depreciation—Methods of Allocation and Calculation
• Depletion of Mineral Resources
• Other Depreciation Issues
• IMPAIRMENT
• Indicators of Impairment
• Impairment—Recognition and Measurement Models
• Asset Groups and Cash-Generating Units
• HELD FOR SALE AND DERECOGNITION
• Long-Lived Assets to Be Disposed of by Sale
• Derecognition
• PRESENTATION, DISCLOSURE, AND ANALYSIS
• Presentation and Disclosure
• Analysis
• IFRS/ASPE COMPARISON
• A Comparison of IFRS and ASPE
• Looking Ahead
• APPENDIX 11A—DEPRECIATION AND INCOME TAX
• Capital Cost Allowance Method
• CHAPTER 12 Intangible Assets and Goodwill
• THE BUSINESS IMPORTANCE AND CHARACTERISTICS OF GOODWILL AND INTANGIBLE ASSETS
• Characteristics of Goodwill
• Characteristics of Intangible Assets
• RECOGNITION AND MEASUREMENT OF INTANGIBLE ASSETS
• Recognition and Measurement at Acquisition
• Recognition and Measurement of Internally Developed Intangible Assets
• Recognition and Measurement after Acquisition
• Specific Intangibles
• IMPAIRMENT AND DERECOGNITION
• Impairment of Limited-Life Intangibles
• Impairment of Indefinite-Life Intangibles
• Derecognition
• GOODWILL
• Recognition and Measurement of Goodwill
• Bargain Purchase
• Valuation after Acquisition
• Impairment of Goodwill
• PRESENTATION, DISCLOSURE, AND ANALYSIS
• Presentation and Disclosure
• Analysis
• IFRS/ASPE COMPARISON
• A Comparison of IFRS and ASPE
• Looking Ahead
• APPENDIX 12A—VALUING GOODWILL
• Excess-Earnings Approach
• Total-Earnings Approach
• Other Valuation Methods
• Cumulative Coverage and Task-Based Simulation: Chapters 3 to 5
• APPENDIX: SPECIMEN FINANCIAL STATEMENTS
• Brookfield Asset Management
• TABLES
• GLOSSARY
• COMPANY INDEX
• SUBJECT INDEX
• EULA
