TAILIEUCHUNG - Ebook Intermediate accounting (10th edition): Part 2

(BQ) Part 2 book "Intermediate accounting" has contents: Financial reporting - Valuation of liabilities and investments; financial reporting - Stockholders' equity, financial reporting - special topics. | PA RT Financial Reporting:Valuation of Liabilities and Investments CHAPTER 13 Current Liabilities and Contingencies CHAPTER 14 Long-Term Liabilities and Receivables CHAPTER 15 Investments 3 CHAPTER 13 OBJECTIVES After reading this chapter, you will be able to: 1 Explain the characteristics of a liability. Current Liabilities and Contingencies All I Want for Christmas What do you get the person who has everything? For more and more consumers, the answer to this question is a gift card. According to a survey conducted by the National Retail Federation, consumers spent approximately $ billion on gift 2 Define current liabilities. cards during the 2004 holiday season. What does this mean for 3 Account for compensated absences. retailers? Many view the gift card as having significant benefits 4 Understand and record payroll taxes and deductions. 5 Record property taxes. 6 Account for warranty costs. for the bottom line. Research shows that when gift cards are redeemed, as many as 60% of consumers will spend considerably more than the card’s face value. In addition, gift card advocates claim benefits in the form of reduced returns, lower processing and administrative costs relative to paper gift certificates, and 7 Explain the terms “probable,”“reasonably possible,” and “remote” related to contingencies. increased value due to unredeemed gift cards (termed breakage 8 Record and report a loss contingency. However, gift cards also present a hidden danger. While com- 9 Disclose a gain contingency. 586 revenue, the average consumer is estimated to leave as much as 15% of a gift card’s value unredeemed). panies receive cash when the gift card is sold, the company must record a current liability, and delay the recognition of revenue, Credit: Getty Images until the card is redeemed. Therefore,“holiday” sales may not actually appear until months later. As reported in a January 11, 2005 press release, Williams-Sonoma FOR FURTHER I N V E S T I G AT I O

• Kế toán - Kiểm toán
• The psychology of persuasion
• Special topics
• Stockholders equity
• Financial reporting
• Valuation of liabilities
• Accounting for leases
• Income recognition
• Lecture Social Psychology
• Bài giảng Tâm lý xã hội
• Social Psychology
• Central route
• Peripheral route
• Persuasion elements
• Weapons of influence
• The old give
• Social proof
• Commitment and consistency
• The friendly thief
• Directed deference
• The rule of the few
• Instant influence
• Primitive consent
• Scarcity Epilogue Instant Influenc
• The Rule Is Overpowering
• Intro to social psychology
• Social Psychology R
• Social perception
• Folk wisdom
• Elaboration likelihood model
• Essentials of social psychology
• Social thinking
• Attitudes and persuasion
• Social change
• People in groups
• Understanding social behavior
• The social self
• Attitude change
• Social perception understanding other people
• Persuasion and attitude change
• Fundamentals of taxation
• Lecture Fundamentals of taxation 2014
• Gross income
• Social security benefits
• Financial information
• Financial statement analysis
• Accrual accounting
• Income determination
• Revenue recognition recap
• Revenue recognition
• Long term construction contracts
• Intermediate accounting
• The revenue receivables cash cycle
• The income statement
• The accounting cycle
• Liability valuation
• Income flows versus cash flows
• Profitability analysis
• Theoretical structure
• Money concepts
• Comprehensive income
• Financial disclosures
• Lecture Intermediate accounting
• Financial Accounting
• Income measurement
• Statement of cash flows
• Accounting for income taxes
• risk analysis
• Financing activities
• The balance sheet
• The financial statements
• Financial statement
• Adversarial nature
• Corporate financial reporting
• Corporate financial reporting and analysis
• The statement of cash flows
• Income statement