TAILIEUCHUNG - Lecture Financial reporting and analysis (6/e) - Chapter 10: Long-lived assets

In this chapter you will learn: What measurement base is used for long-lived assets? What kinds of costs are capitalized and how joint costs are allocated among assets? How GAAP measurement rules complicate trend analysis and comparisons across companies? Why the carrying values of internally developed intangibles often differ from their real values?. | Long-Lived Assets Revsine/Collins/Johnson/Mittelstaedt/Soffer: Chapter 10 Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education Learning objectives What measurement base is used for long-lived assets. What kinds of costs are capitalized and how joint costs are allocated among assets. How GAAP measurement rules complicate trend analysis and comparisons across companies. Why the carrying values of internally developed intangibles often differ from their real values. When long-lived asset impairment exists and how it is recorded. 10- Learning objectives How to account for asset retirement obligations and assets held for sale. How different depreciation methods are computed. How analysts can adjust for different depreciation assumptions and improve comparisons across companies. How to account for exchanges of long-lived assets. The key differences between GAAP and IFRS requirements for long-lived asset accounting. 10- Long-lived operating assets An asset generates future economic benefits and is under the exclusive control of a single entity. This chapter concentrates on operating assets expected to yield their economic benefits (service potential) over a period longer than one year. 10- Measuring the carrying amount There are two ways that long-lived assets could be measured on balance sheets: Expected benefit approach: $$ Discounted present value Net realizable value Estimated value in an output market where the asset is sold Economic sacrifice approach: $$ Historical cost Replacement cost Estimated value in an input market where the asset is purchased 10- Measuring the carrying amount: Illustration of four approaches Assume a truck originally costing $100,000, is two years old, has a remaining life of 8 years, is being depreciated on a straight-line basis, and is expected to have no salvage value. 10- Initial asset measurement rules The initial .

• Tài chính doanh nghiệp
• Financial reporting
• Financial information
• Financial statement analysis
• Long lived assets
• Long lived operating assets
• Capitalization criteria
• Framework of financial reporting
• Lecture Framework of financial reporting
• Regulatory system
• Financial statements
• Reporting financial performance
• Reporting financial performance
• Financial accounting
• International financial reporting standards
• Financial reporting standards
• Merchandising operations
• Internal control
• Stockholders’ equity
• Economics of accounting information
• Computer associates international
• Financial reporting for leases
• Lease contracts
• Lessee accounting
• International financial reporting
• Conceptual framework
• Financial position
• Interpreting financial statements
• Consolidated financial statements
• Financial statements comprises
• Corporate financial reporting
• Group financial statements
• Sustainability reporting
• Reporting through XBRL
• Government accounting in india
• Regulatory framework
• Contingent liabilities