Tài liệu miễn phí Kế toán - Kiểm toán
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Lecture Intermediate accounting - Chapter 16: Accounting for income taxes
In this chapter we explore the financial accounting and reporting standards for the effect of income taxes. The discussion defines and illustrates temporary differences, which are the basis for recognizing deferred tax assets and deferred tax liabilities, as well as permanent differences, which have no deferred tax consequences. You will learn how to adjust deferred tax assets and deferred tax liabilities when tax laws or rates change. We also discuss accounting for operating loss carrybacks and carrryforwards and intraperiod tax allocation.
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Lecture Intermediate accounting - Chapter 17: Pensions and other postretirement benefits
We discuss pension benefits and other postretirement benefits in this chapter. Accounting for pension benefits recognizes that they represent deferred compensation for current service. Accordingly, the cost of these benefits is recognized on an accrual basis during the years that employees earn the benefits.
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Lecture Intermediate accounting - Chapter 18: Shareholders' equity
The chapter focuses on the expansion of corporate capital through the issuance of shares and the contraction caused by the retirement of shares or the purchase of treasury shares and concludes with a discussion of cash dividends, property dividends, stock dividends, and stock splits.
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Lecture Intermediate accounting - Chapter 19: Share-based compensation and earnings per share
In this chapter we look at some common forms of compensation in which the amount of the compensation employees receive is tied to the market price of company stock. We will see that these share-based compensation plans-stock awards, stock options, and stock appreciation rights-create shareholders’ equity. The nature of this compensation will impact the way we calculate earnings per share, the topic of the second part of this chapter.
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Lecture Intermediate accounting - Chapter 20: Accounting changes and error corrections
In this chapter we examine the way accounting changes and error corrections are handled in a variety of situations that might be encountered in practice. We see that most changes in accounting principle are reported retrospectively. Changes in estimates are accounted for prospectively. A change in depreciation methods is considered a change in estimate resulting from a change in principle. Both changes in reporting entities and the correction of errors are reported retrospectively.
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Lecture Advanced accounting (11/e): Chapter 1 - Hoyle, Schaefer, Doupnik
Chapter 1 - The equity method of accounting for investments. After studying this chapter, you should be able to: Describe in general the various methods of accounting for an investment in equity shares of another company, identify the sole criterion for applying the equity method of accounting and guidance in assessing whether the criterion is met, prepare basic equity method journal entries for an investor and describe the financial reporting for equity method investments,...
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Lecture Advanced accounting (11/e): Chapter 2 - Hoyle, Schaefer, Doupnik
Chapter 2 - Consolidation of financial information. After studying this chapter, you should be able to: Discuss the motives for business combinations, recognize when consolidation of financial information into a single set of statements is necessary, define the term business combination and differentiate across various forms of business combinations, describe the valuation principles of the acquisition method.
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Lecture Advanced accounting (11/e): Chapter 3 - Hoyle, Schaefer, Doupnik
Chapter 3 Consolidations - Subsequent to the date of acquisition, after studying this chapter, you should be able to: Recognize the complexities in preparing consolidated financial reports that emerge from the passage of time, identify and describe the various methods available to a parent company in order to maintain its investment in subsidiary account in its internal records, understand that a parent’s internal accounting method for its subsidiary investments has no effect on the resulting consolidated financial statements.
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Lecture Advanced accounting (11/e): Chapter 4 - Hoyle, Schaefer, Doupnik
Chapter 4 - Consolidated financial statements and outside ownership. After studying this chapter, you should be able to: Understand that complete ownership is not a prerequisite for the formation of a business combination; describe the valuation principles underlying the acquisition method of accounting for the noncontrolling interest; allocate goodwill acquired in a business combination across the controlling and noncontrolling interests;...
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Lecture Advanced accounting (11/e): Chapter 5 - Hoyle, Schaefer, Doupnik
Chapter 5 Consolidated financial statements - intra-entity asset transactions, after studying this chapter, you should be able to: Understand why intra-entity asset transfers create accounting effects within the financial records of affiliated companies that must be eliminated or adjusted in preparing consolidated financial statements; understand that when companies affiliated through common control engage in intra-entity inventory transfers, consolidation procedures are required to eliminate sales and purchases balances;...
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Lecture Advanced accounting (11/e): Chapter 6 - Hoyle, Schaefer, Doupnik
Chapter 6 - Variable interest entities, intra-entity debt, consolidated cash flows, and other issues. After studying this chapter, you should be able to: Describe a variable interest entity, a primary beneficiary, and the factors used to decide when a variable interest entity is subject to consolidation; understand the consolidation procedures to eliminate all intra-entity debt accounts and recognize any associated gain or loss created whenever one company acquires an affiliate’s debt instrument from an outside party.
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Lecture Advanced accounting (11/e): Chapter 7 - Hoyle, Schaefer, Doupnik
Chapter 7 - Consolidated financial statements - ownership patterns and income taxes. This chapter concludes coverage of the accounting for business combinations by analyzing two additional aspects of consolidated financial statements.
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Lecture Advanced accounting (11/e): Chapter 8 - Hoyle, Schaefer, Doupnik
Chapter 8 - Segment and interim reporting. After studying this chapter, you should be able to: Understand how an enterprise determines its operating segments and the factors that influence this determination, apply the three tests that are used to determine which operating segments are of significant size to warrant separate disclosure, list the basic disclosure requirements for operating segments,...
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Lecture Advanced accounting (11/e): Chapter 9 - Hoyle, Schaefer, Doupnik
Chapter 9 - Foreign currency transactions and hedging foreign exchange risk. This chapter covers accounting issues related to foreign currency transactions and foreign currency hedging activities. To provide background for subsequent discussions of the accounting issues, the chapter begins by describing foreign exchange markets. The chapter then discusses accounting for import and export transactions, followed by coverage of various hedging techniques.
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Lecture Advanced accounting (11/e): Chapter 10 - Hoyle, Schaefer, Doupnik
Chapter 10 - Translation of foreign currency financial statements. In this chapter, these two issues are examined first from a conceptual perspective and second by the manner in which the FASB in the United States has resolved these issues. The chapter concludes with a discussion of IFRS on this topic.
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Lecture Advanced accounting (11/e): Chapter 11 - Hoyle, Schaefer, Doupnik
Chapter 11 - Worldwide accounting diversity and international standards. After studying this chapter, you should be able to: Explain the major factors influencing the international development of accounting systems, understand the problems created by differences in accounting standards across countries and the reasons to develop a set of internationally accepted accounting standards, list the authoritative pronouncements that constitute International Financial Reporting Standards (IFRS),...
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Lecture Advanced accounting (11/e): Chapter 12 - Hoyle, Schaefer, Doupnik
Chapter 12 - Financial reporting and the securities and exchange commission. After studying this chapter, you should be able to: Understand the origin and expansive role of the Securities and Exchange Commission, describe the purpose(s) of various federal securities laws, understand the congressional rationale for enacting the Sarbanes-Oxley Act and the responsibilities of the Public Accounting Oversight Board,...
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Lecture Advanced accounting (11/e): Chapter 13 - Hoyle, Schaefer, Doupnik
Chapter 13 - Accounting for legal reorganizations and liquidations. In this chapter you will learn: Describe the history and current status of bankruptcy and bankruptcy laws; explain the difference between a voluntary and involuntary bankruptcy; identify the various types of creditors as they are labeled during a bankruptcy.
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Lecture Advanced accounting (11/e): Chapter 14 - Hoyle, Schaefer, Doupnik
Chapter 14 - Partnerships: Formation and operation. After completing this unit, you should be able to: Discuss the advantages and disadvantages of the partnership versus the corporate form of business; describe the purpose of the articles of partnership and list specific items that should be included in this agreement; prepare the journal entry to record the initial capital investment made by a partner.
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Lecture Advanced accounting (11/e): Chapter 15 - Hoyle, Schaefer, Doupnik
Chapter 15 - Partnerships: Termination and liquidation. When you finish this chapter, you should: Determine amounts to be paid to partners in a liquidation; prepare journal entries to record the transactions incurred in the liquidation of a partnership; determine the distribution of available cash when one or more partners have a deficit capital balance or become personally insolvent.
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Lecture Advanced accounting (11/e): Chapter 16 - Hoyle, Schaefer, Doupnik
Chapter 16 - Accounting for state and local governments (part I). This chapter and the next introduce the principles and practices that underlie state and local government accounting and explain the logic behind their application.
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Lecture Advanced accounting (11/e): Chapter 17 - Hoyle, Schaefer, Doupnik
Chapter 17 - Accounting for state and local governments (Part II). After studying this chapter, you should be able to: Account for lease contracts where the state or local government finds itself as either lessor or lessee; recognize the liability caused by the eventual closure and postclosure costs of operating a solid waste landfill as well as for the compensated absences earned by government employeesr; record the donation and acquisition of works of art and historical treasures;...
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Lecture Advanced accounting (11/e): Chapter 18 - Hoyle, Schaefer, Doupnik
Chapter 18 - Accounting and reporting for private not-for-profit entities. In this chapter, you will learn: Understand the basic composition of the financial statements produced for a private not-for-profit organization; determine the proper classification for assets that are unrestricted, temporarily restricted, or permanently restricted and explain the method of reporting these categories; explain the purpose and the construction of a statement of functional expenses.
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Lecture Advanced accounting (11/e): Chapter 19 - Hoyle, Schaefer, Doupnik
Chapter 19 - Accounting for estates and trusts. After studying this chapter, you should be able to: Understand the proper methods of accounting for and administering an estate and the corresponding legal terminology; describe the types of estate distributions and identify the process of asset allocations and distributions from an estate; understand the federal estate tax and state inheritance tax systems, the corresponding exemptions, and tax planning opportunities.
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Lecture College accounting (13/e): Chapter 1 - Price, Haddock, Farina
Chapter 1 - Accounting: The language of business. After reading this chapter, you should be able to: Define accounting, identify and discuss career opportunities in accounting, identify the users of financial information, compare and contrast the three types of business entities, describe the process used to develop generally accepted accounting principles, define the accounting terms new to this chapter.
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Lecture College accounting (13/e): Chapter 2 - Price, Haddock, Farina
Chapter 2 - Analyzing business transactions. After reading this chapter, you should be able to: Record in equation form the financial effects of a business transaction; define, identify, and understand the relationship between asset, liability, and owner’s equity accounts; analyze the effects of business transactions on a firm’s assets, liabilities, and owner’s equity and record these effects in accounting equation form; prepare an income statement.
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Lecture College accounting (13/e): Chapter 3 - Price, Haddock, Farina
Chapter 3 - Analyzing business transactions using T accounts. After reading this chapter, you should be able to: Set up T accounts for assets, liabilities, and owner's equity; analyze business transactions and enter them in the accounts; determine the balance of an account; set up T accounts for revenue and expenses;....
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Lecture College accounting (13/e): Chapter 4 - Price, Haddock, Farina
Chapter 4 - The general journal and the general ledger. After reading this chapter, you should be able to: Record transactions in the general journal, prepare compound journal entries, post journal entries to general ledger accounts, correct errors made in the journal or ledger, define the accounting terms new to this chapter.
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Lecture College accounting (13/e): Chapter 5 - Price, Haddock, Farina
Chapter 5 - Adjustments and the worksheet. After reading this chapter, you should be able to: Complete a trial balance on a worksheet; prepare adjustments for unrecorded business transactions; complete the worksheet; prepare an income statement, statement of owner's equity, and balance sheet from the completed worksheet; journalize and post the adjusting entries; define the accounting terms new to this chapter.
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Lecture College accounting (13/e): Chapter 6 - Price, Haddock, Farina
Chapter 6: Closing entries and the postclosing trial balance. After reading this chapter, you should be able to: Journalize and post closing entries, prepare a postclosing trial balance, interpret financial statements, review the steps in the accounting cycle, define the accounting terms new to this chapter.
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