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Bokkilden Intermediate Accounting - Terry D. Warfield - Løsblad (9780470279731)
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Forlag:
John Wiley and Sons Ltd
Innb:
Løsblad
Språk:
Engelsk
Sider:
1140
Format:
28 x 21 cm
ISBN:
9780470279731
Utgave:
2 Rev ed
Emne:

Intermediate Accounting

Principles and Analysis

av ;

Donald E. Kieso

;

Terry D. Warfield

Leveringstid: Usikker levering
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Vår pris: 1704,-

Intermediate Accounting

Financial Accounting and Accounting Standards
2(32)
The Size of the New York Phone Book, if Necessary
2(2)
Financial Statements and Financial Reporting
4(3)
Accounting and Capital Allocation
4(1)
The Challenges Facing Financial Accounting
5(1)
Objectives of Financial Reporting
6(1)
The Need to Develop Standards
7(1)
Parties Involved in Standard Setting
7(7)
Securities and Exchange Commission (SEC)
7(2)
American Institute of Certified Public Accountants (AICPA)
9(1)
Financial Accounting Standards Board (FASB)
9(3)
Governmental Accounting Standards Board (GASB)
12(1)
Changing Role of the AICPA
13(1)
Generally Accepted Accounting Principles
14(1)
Issues in Financial Reporting
15(5)
Standard Setting in a Political Environment
15(1)
The Expectations Gap
16(2)
International Accounting Standards
18(1)
Ethics in the Environment of Financial Accounting
19(1)
Conclusion
19(1)
Convergence Corner International Financial Reporting
20(14)
Conceptual Framework Underlying Financial Accounting
34(42)
Show Me the Earnings!
34(2)
Conceptual Framework
36(2)
The Need for a Conceptual Framework
36(1)
Development of a Conceptual Framework
37(1)
Basic Objectives
38(1)
Fundamental Concepts
39(5)
Qualitative Characteristics of Accounting Information
39(3)
Basic Elements
42(2)
Recognition and Measurement Concepts
44(13)
Basic Assumptions
45(2)
Basic Principles of Accounting
47(6)
Constraints
53(3)
Summary of the Structure
56(1)
Convergence Corner The Conceptual Framework
57(19)
The Accounting Information System
76(68)
Needed: A Reliable Information System
76(2)
Accounting Information System
78(5)
Basic Terminology
78(1)
Debits and Credits
79(1)
Basic Equation
80(2)
Financial Statements and Ownership Structure
82(1)
The Accounting Cycle
83(30)
Identifying and Recording Transactions and Other Events
84(1)
Journalizing
84(1)
Posting
85(4)
Trial Balance
89(2)
Adjusting Entries
91(10)
Adjusted Trial Balance
101(2)
Preparing Financial Statements
103(1)
Closing
104(2)
Post-Closing Trial Balance
106(1)
Reversing Entries
107(1)
The Accounting Cycle Summarized
107(1)
Financial Statements for a Merchandising Company
107(6)
Convergence Corner Accounting Information Systems
113(2)
Behind the Numbers
115(1)
Using Reversing Entries
115(2)
Example of Reversing Entries---Accruals
115(1)
Example of Reversing Entries---Prepayments
116(1)
Summary of Reversing Entries
117(1)
Behind the Numbers
117(1)
Using a Worksheet: The Accounting Cycle Revisited
117(27)
Worksheet Columns
118(1)
Adjustments Entered on the Worksheet
118(2)
Preparing Financial Statements from a Worksheet
120(24)
Balance Sheet
144(54)
``There Ought to Be a Law''
144(2)
Use and Limitations
146(2)
Usefulness of the Balance Sheet
146(1)
Limitations of the Balance Sheet
147(1)
Classification in the Balance Sheet
148(14)
Current Assets
149(4)
Noncurrent Assets
153(3)
Liabilities
156(2)
Owners' (Stockholders') Equity
158(2)
Balance Sheet Format
160(2)
Additional Information Reported
162(5)
Contingencies
163(1)
Accounting Policies
163(1)
Contractual Situations
163(1)
Post-Balance-Sheet Events (Subsequent Events)
164(2)
Fair Values
166(1)
Techniques of Disclosure
167(4)
Parenthetical Explanations
167(1)
Notes
167(2)
Cross-Refernce and Contra Items
169(1)
Supporting Schedules
169(1)
Terminology
170(1)
Convergence Corner Balance Sheet
171(27)
Income Statement and Related Information
198(52)
Which Income Number?
198(2)
Income Statement
200(2)
Usefulness of the Income Statement
200(1)
Limitations of the Income Statement
200(1)
Quality of Earnings
201(1)
Format of the Income Statement
202(6)
Elements of the Income Statement
202(1)
Single-Step Income Statements
203(1)
Multiple-Step Income Statements
204(3)
Condensed Income Statements
207(1)
Reporting Irregular Items
208(10)
Discontinued Operations
210(1)
Extraordinary Items
211(2)
Unusual Gains and Losses
213(2)
Changes in Accounting Principle
215(1)
Changes in Estimates
215(1)
Corrections of Errors
216(1)
Summary of Irregular Items
216(2)
Special Reporting Issues
218(7)
Intraperiod Tax Allocation
218(2)
Earnings per Share
220(1)
Retained Earnings Statement
221(1)
Comprehensive Income
222(3)
Convergence Corner Income Statement
225(25)
Statement of Cash Flows
250(52)
Don't Take Cash Flow for Granted
250(2)
The Statement of Cash Flows: Purpose and Format
252(5)
Purpose of the Statement of Cash Flows
252(1)
Classification of Cash Flows
252(2)
Significant Noncash Activities
254(1)
Format of the Statement of Cash Flows
254(2)
Preparing the Statement of Cash Flows
256(1)
Indirect and Direct Methods
256(1)
Preparation of the Statement of Cash Flows
257(12)
First Year of Operations---2008
257(5)
Second Year of Operations---2009
262(4)
Summary of Conversion to Net Cash Provided by Operating Activities---Indirect Method
266(3)
Using Cash Flows to Evaluate a Company
269(4)
Free Cash Flow
269(1)
Assessing Liquidity and Solvency Using Cash Flows
270(2)
Limitations of the Statement of Cash Flows
272(1)
Convergence Corner Statement of Cash Flows
273(3)
Behind the Numbers
276(1)
Ratio Analysis---A Reference
276(26)
Using Ratios to Analyze Financial Performance
276(26)
Revenue Recognition
302(54)
It's Back
302(2)
The Current Environment
304(3)
Guidelines for Revenue Recognition
304(1)
Departures from the Sale Basis
305(2)
Revenue Recognition at Point of Sale (Delivery)
307(3)
Sales with Buyback Agreements
307(1)
Sales When Right of Return Exists
307(1)
Trade Loading and Channel Stuffing
308(2)
Revenue Recognition before Delivery
310(6)
Percentage-of-Completion Method
311(3)
Completed-Contract Method
314(1)
Completion-of-Production Basis
315(1)
Revenue Recognition after Delivery
316(5)
Installment-Sales Method
317(3)
Cost-Recovery Method
320(1)
Deposit Method
320(1)
Summary of Revenue Recognition Bases
321(2)
Observations
322(1)
Convergence Corner Revenue Recognition
323(3)
Behind the Numbers
326(1)
Revenue Recognition Procedures
326(30)
Long-Term Contracts
326(5)
Installment Sales
331(25)
Cash and Receivables
356(62)
No-Tell Nortel
356(2)
Cash
358(1)
What Is Cash?
358(1)
Management and Control of Cash
358(1)
Reporting Cash
359(2)
Restricted Cash
360(1)
Bank Overdrafts
360(1)
Cash Equivalents
361(1)
Summary of Cash-Related Items
361(1)
Receivables
362(2)
Recognition of Accounts Receivable
364(1)
Trade Discounts
364(1)
Cash Discounts (Sales Discounts)
364(1)
Nonrecognition of Interest Element
365(1)
Valuation of Accounts Receivable
365(6)
Uncollectible Accounts Receivable
366(5)
Recognition of Notes Receivable
371(5)
Note Issued at Face Value
372(1)
Note Not Issued at Face Value
373(3)
Choice of Interest Rate
376(1)
Valuation of Notes Receivable
376(1)
Disposition of Accounts and Notes Receivable
377(5)
Secured Borrowing
377(1)
Sales of Receivables
378(3)
Secured Borrowing versus Sale
381(1)
Presentation and Analysis
382(2)
Presentation of Receivables
382(1)
Analysis of Receivables
383(1)
Convergence Corner Cash and Receivables
384(4)
Behind the Numbers
388(1)
Cash Controls
388(30)
Using Bank Accounts
388(1)
The Imprest Petty Cash System
388(1)
Physical Protection of Cash Balances
389(1)
Reconciliation of Bank Balances
390(28)
Accounting For Inventories
418(68)
Inventories in the Crystal Ball
418(2)
Inventory Classification and Systems
420(3)
Classification
420(1)
Inventory Systems
420(3)
Basic Issues in Inventory Valuation
423(9)
Physical Goods Included in Inventory
423(1)
Costs Included in Inventory
424(2)
Which Cost Flow Assumption to Adopt?
426(6)
Special Issues Related to LIFO
432(10)
LIFO Reserve
432(1)
LIFO Liquidation
433(1)
Dollar-Value LIFO
434(3)
Comparison of LIFO Approaches
437(1)
Basis for Selection of Inventory Method
438(4)
Lower-of-Cost-or-Market
442(5)
Lower-of-Cost-or-Market---Ceiling and Floor
442(1)
How Lower-of-Cost-or-Market Works
443(2)
Methods of Applying Lower-of-Cost-or-Market
445(1)
Evaluation of the Lower-of-Cost-or-Market Rule
446(1)
Presentation and Analysis
447(3)
Presentation of Inventories
447(2)
Analysis of Inventories
449(1)
Convergence Corner Inventories
450(4)
Behind the Numbers
454(1)
Gross Profit Method
454(32)
Computation of Gross Profit Percentage
455(2)
Evaluation of Gross Profit Method
457(29)
Accounting for Property, Plant, and Equipment
486(68)
Where Have All the Assets Gone?
486(2)
Acquisition and Valuation of Property, Plant, and Equipment
488(8)
Cost of Land
488(1)
Cost of Buildings
489(1)
Cost of Equipment
489(1)
Self-Constructed Assets
490(1)
Interest Costs During Construction
490(2)
Other Valuation Issues
492(4)
Costs Subsequent to Acquisition
496(4)
Additions
497(1)
Improvements and Replacements
498(1)
Rearrangement and Reinstallation
499(1)
Repairs
499(1)
Summary of Costs Subsequent to Acquisition
499(1)
Use of Property, Plant, and Equipment: Depreciation
500(9)
Factors Involved in the Depreciation Process
500(2)
Methods of Depreciation
502(4)
Special Depreciation Issues
506(3)
Dispositions of Plant Assets
509(7)
Sale of Plant Assets
510(1)
Involuntary Conversion
510(1)
Exchanges
511(5)
Presentation and Analysis
516(3)
Presentation of Property, Plant, and Equipment
516(1)
Analysis of Property, Plant, and Equipment
517(2)
Convergence Corner Property, Plant, and Equipment
519(3)
Behind the Numbers
522(1)
Interest-Capitalization Procedures
522(32)
Interest Capitalization
522(32)
Intangible Assets
554(50)
Untouchable
554(2)
Intangible Asset Issues
556(2)
Characteristics
556(1)
Valuation
556(1)
Amortization of Intangibles
557(1)
Types of Intangible Assets
558(10)
Marketing-Related Intangible Assets
558(1)
Customer-Related Intangible Assets
559(1)
Artistic-Related Intangible Assets
560(1)
Contract-Related Intangible Assets
560(1)
Technology-Related Intangible Assets
561(3)
Goodwill
564(4)
Impairments
568(6)
Impairment of Property, Plant, and Equipment
568(2)
Impairment of Limited-Life Intangibles
570(1)
Impairment of Indefinite-Life Intangibles Other Than Goodwill
570(1)
Impairment of Goodwill
571(2)
Restoration of Impairment Loss
573(1)
Impairment of Assets to Be Disposed of
573(1)
Research and Development Costs
574(4)
Identifying R&D Activities
574(1)
Accounting for R&D Activities
575(1)
Other Costs Similar to R&D Costs
576(1)
Conceptual Questions
577(1)
Presentation of Intangibles and Related Items
578(4)
Presentation of Intangible Assets
578(1)
Presentation of Research and Development Costs
579(3)
Convergence Corner Intangible Assets
582(22)
Accounting For Liabilities
604(66)
Now You See It, Now You Don't
604(2)
Current Liabilities
606(1)
What Is a Liability?
606(1)
What Is a Current Liability?
606(6)
Accounts Payable
607(1)
Notes Payable
607(2)
Current Maturities of Long-Term Debt
609(1)
Dividends Payable
609(1)
Unearned Revenues
610(2)
Long-Term Debt
612(1)
Issuing Bonds
612(2)
Types of Bonds
613(1)
Valuation of Bonds Payable---Discount and Premium
614(6)
Bonds Issued at Par on Interest Date
617(1)
Bonds Issued at Discount or Premium on Interest Date
617(1)
Classification of Discount and Premium
617(1)
Costs of Issuing Bonds
618(1)
Extinguishment of Debt
618(2)
Special Issues
620(1)
Contingencies
620(9)
Gain Contingencies
620(1)
Loss Contingencies
621(8)
Off-Balance-Sheet Financing
629(2)
Different Forms
630(1)
Rationale
630(1)
Presentation and Analysis
631(5)
Presentation of Current Liabilities
631(1)
Presentation of Long-Term Debt
631(1)
Presentation of Contingencies
631(3)
Analysis of Current Liabilities
634(1)
Analysis of Long-Term Debt
635(1)
Convergence Corner Liabilities
636(4)
Behind the Numbers
640(1)
Effective-Interest Amortization
640(30)
Bonds Issued at a Discount
641(1)
Bonds Issued at a Premium
642(1)
Accruing Interest
643(27)
Stockholders' Equity
670(60)
Everything Else Equal?
670(2)
The Corporate Form of Organization
672(2)
State Corporate Law
672(1)
Capital Stock or Share System
672(1)
Variety of Ownership Interests
673(1)
Corporate Capital
674(10)
Issuance of Stock
675(4)
Reacquisition of Shares
679(5)
Preferred Stock
684(3)
Features of Preferred Stock
685(1)
Accounting for and Reporting Preferred Stock
686(1)
Dividend Policy
687(10)
Financial Condition and Dividend Distributions
687(1)
Types of Dividends
688(5)
Stock Split
693(2)
Disclosure of Restrictions on Retained Earnings
695(2)
Presentation and Analysis of Stockholders' Equity
697(4)
Presentation
697(2)
Analysis
699(2)
Convergence Corner Stockholders' Equity
701(4)
Behind the Numbers
705(1)
Accounting for Financial Instruments with Both Debt and Equity Characteristics
705(25)
Convertible Debt
705(1)
Stock Warrants Issued with Other Securities
706(2)
Conceptual Questions
708(22)
Investments
730(50)
Who's in Control Here?
730(2)
Investments in Debt Securities
732(1)
Held-to-Maturity Securities
733(3)
Available-for-Sale Securities
736(4)
Example: Single Security
736(2)
Example: Portfolio of Securities
738(1)
Sale of Available-for-Sale Securities
738(2)
Financial Statement Presentation
740(1)
Trading Securities
740(2)
Investments in Equity Securities
742(1)
Holdings of Less Than 20%
743(3)
Available-for-Sale Securities
743(3)
Trading Securities
746(1)
Holdings Between 20% and 50%
746(2)
Equity Method
746(2)
Holdings of More Than 50%
748(1)
Other Reporting Issues
749(1)
Financial Statement Presentation of Investments
749(5)
Disclosures Required Under the Equity Method
750(1)
Reclassification Adjustments
751(2)
Comprehensive Example
753(1)
Impairment of Value
754(2)
Transfers Between Categories
756(1)
Fair Value Controversy
756(1)
Measurement Based on Intent
757(1)
Gains Trading
757(1)
Liabilities Not Fairly Valued
757(1)
Subjectivity of Fair Values
757(1)
Summary of Reporting Treatment of Securities
757(3)
Convergence Corner Investments
760(20)
Accounting for Income Taxes
780(60)
Tax Uncertainty
780(2)
Fundamentals of Accounting for Income Taxes
782(14)
Future Taxable Amounts and Deferred Taxes
783(4)
Future Deductible Amounts and Deferred Taxes
787(4)
Income Statement Presentation
791(1)
Specific Differences
792(3)
Tax Rate Considerations
795(1)
Accounting for Net Operating Losses
796(7)
Loss Carryback
797(1)
Loss Carryforward
797(1)
Loss Carryback Example
797(1)
Loss Carryforward Example
798(5)
Financial Statement Presentation
803(6)
Balance Sheet
803(2)
Income Statement
805(4)
Review of the Asset-Liability Method
809(5)
Convergence Corner Income Taxes
814(26)
Accounting For Compensation
840(50)
Where Have All the Pensions Gone?
840(2)
Salary and Bonuses
842(4)
Payroll Deductions
842(2)
Compensated Absences
844(2)
Bonuses
846(1)
Stock Compensation Plans
846(8)
The Major Reporting Issue
848(2)
Accounting for Stock Compensation
850(1)
Employee Stock Purchase Plans
851(1)
Disclosure of Compensation Plans
852(1)
Debate over Stock Option Accounting
853(1)
Postretirement Benefits
854(17)
Defined-Contribution Plan
854(1)
Defined-Benefit Plan
855(1)
Components of Pension Expense
856(2)
Using a Pension Worksheet
858(6)
Reporting Pension Amounts
864(5)
Other Postretirement Expenses
869(2)
Concluding Remarks
871(2)
Convergence Corner Compensation
873(17)
Accounting For Leases
890(50)
More Companies Ask, ``Why Buy?''
890(2)
The Leasing Environment
892(4)
Who Are the Players?
892(1)
Advantages of Leasing
893(2)
Conceptual Nature of a Lease
895(1)
Accounting by the Lessee
896(11)
Capitalization Criteria
897(3)
Asset and Liability Accounted for Differently
900(1)
Capital Lease Method (Lessee)
901(3)
Operating Method (Lessee)
904(1)
Comparison of Capital Lease with Operating Lease
905(2)
Accounting by the Lessor
907(6)
Economics of Leasing
907(1)
Classification of Leases by the Lessor
908(1)
Direct-Financing Method (Lessor)
909(3)
Operating Method (Lessor)
912(1)
Other Accounting Issues
913(3)
Sales-Type Leases (Lessor)
913(1)
Disclosing Lease Data
914(2)
Lease Accounting---Unresolved Problems
916(2)
Convergence Corner Lease Accounting
918(22)
Additional Reporting Issues
940(60)
So Many Changes
940(2)
Accounting Changes
942(1)
Changes in Accounting Principle
942(9)
Retrospective Accounting Change Approach
943(2)
Reporting a Change in Principle
945(1)
Retained Earnings Adjustment
946(1)
Direct and Indirect Effects of Changes
947(1)
Impracticability
948(3)
Changes in Accounting Estimate
951(2)
Disclosures
953(1)
Reporting a Correction of an Error
953(4)
Example
955(2)
Summary of Accounting Changes and Corrections of Errors
957(2)
Reporting Earnings per Share
959(1)
Earnings per Share---Simple Capital Structure
960(4)
Preferred Stock Dividends
960(1)
Weighted-Average Number of Shares Outstanding
961(2)
Comprehensive Example
963(1)
Earnings per Share---Complex Capital Structure
964(10)
Diluted EPS---Convertible Securities
966(1)
Diluted EPS---Options and Warrants
967(2)
Antidilution Revisited
969(1)
EPS Presentation and Disclosure
970(2)
Summary of EPS Computation
972(2)
Convergence Corner Additional Financial Reporting Issues
974(26)
Appendix A ACCOUNTING AND THE TIME VALUE OF MONEY
1000(50)
Applications of Time Value Concepts
1000(7)
The Nature of Interest
1001(1)
Simple Interest
1002(1)
Compound Interest
1003(3)
Fundamental Variables
1006(1)
Single-Sum Problems
1007(5)
Future Value of a Single Sum
1007(2)
Present Value of a Single Sum
1009(2)
Solving for Other Unknowns in Single-Sum Problems
1011(1)
Annuities
1012(11)
Future Value of an Ordinary Annuity
1012(3)
Future Value of an Annuity Due
1015(1)
Examples of Future Value of Annuity Problems
1016(2)
Present Value of an Ordinary Annuity
1018(2)
Present Value of an Annuity Due
1020(1)
Examples of Present Value of Annuity Problems
1021(2)
More Complex Situations
1023(4)
Deferred Annuities
1023(2)
Valuation of Long-Term Bonds
1025(1)
Effective-Interest Method of Amortization of Bond Discount or Premium
1026(1)
Present Value Measurement
1027(23)
Choosing an Appropriate Interest Rate
1028(1)
Example of Expected Cash Flow
1029(21)
Appendix B REPORTING CASH FLOWS
1050(1)
Section 1 Indirect Method
1050(1)
Preparing the Statement of Cash Flows
1051(3)
Step 1: Determining the Net Increase/Decrease in Cash
1052(1)
Step 2: Determining Net Cash Flow Provided/Used by Operating Activities
1052(1)
Step 3: Determining Net Cash Flow Provided/Used by Investing and Financing Activities
1053(1)
Statement of Cash Flows---2008
1054(1)
Special Problems in Statement Preparation
1054(6)
Adjustments Similar to Depreciation
1055(1)
Accounts Receivable (Net)
1055(1)
Other Working Capital Changes
1056(1)
Net Losses
1057(1)
Gains/Losses
1057(1)
Stock Options
1058(1)
Postretirement Benefit Costs
1059(1)
Extraordinary Items
1059(1)
Significant Noncash Transactions
1059(1)
Section 2 Direct Method
1060(1)
Indirect Method
1061(1)
Direct Method---An Example
1061(4)
Summary of Net Cash Flow from Operating Activities---Direct Method
1065
Company Index
1(2)
Subject Index
3
Official Accounting Pronouncements
1(1)
Online Appendices (at www.wiley.com/college/warfield)
Appendix C USING FINANCIAL CALCULATORS
Future Value of a Single Sum
Plus and Minus
Compounding Periods
Rounding
Present Value of a Single Sum
Future Value of an Ordinary Annuity
Future Value of an Annuity Due
Present Value of an Ordinary Annuity
Useful Applications of the Financial Calculator
Auto Loan
Mortgage Loan Amount
Individual Retirement Account (IRA)
Appendix D RETAIL INVENTORY METHOD
Retail Method Concepts
Retail Inventory Method with Markups and Markdowns---Conventional Method
Special Items Relating to Retail Method
Evaluation of Retail Method
Appendix E ACCOUNTING FOR NATURAL RESOURCES
Depletion
Establishing a Depletion Base
Write-Off of Resource Cost
Continuing Controversy
Special Problems in Depletion Accounting
Presentation of Natural Resources
Appendix F ACCOUNTING FOR COMPUTER SOFTWARE COSTS
Diversity in Practice
The Profession's Position
Accounting for Capitalized Software Costs
Reporting Software Costs
Setting Standards for Software Accounting
Appendix G ACCOUNTING FOR TROUBLED DEBT
Impairments
Example of Loss on Impairment
Troubled-Debt Restructurings
Settlement of Debt
Modification of Terms
Concluding Remarks
Appendix H ACCOUNTING FOR DERIVATIVE INSTRUMENTS
Understanding Derivatives
Who Uses Derivatives, and Why?
Basic Principles in Accounting for Derivatives
Example: of Derivative Financial Instrument---Speculation
Differences Between Traditional and Derivative Financial Instruments
Derivatives Used for Hedging
Fair Value Hedge
Cash Flow Hedge
Other Reporting Issues
Embedded Derivatives
Qualifying Hedge Criteria
Disclosure Provisions
Comprehensive Hedge Accounting Example
Fair Value Hedge
Financial Statement Presentation of an Interest Rate Swap
Controversy and Concluding Remarks
Appendix I ERROR ANALYSIS
Balance Sheet Errors
Income Statement Errors
Balance Sheet and Income Statement Errors
Counterbalancing Errors
Noncounterbalancing Errors
Comprehensive Example: Numerous Errors
Preparation of Financial Statements with Error Corrections
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