TAILIEUCHUNG - Ebook Financial accounting - An introduction to concepts, methods, and uses (14th edition): Part 1

(BQ) Part 1 book "Financial accounting - An introduction to concepts, methods, and uses" has contents: Statement of cash flows, introduction to financial statement analysis; the basics of record keeping and financial statement preparation - income statement; working capital,. and other contents. | Find more at Find more at Differences Between . GA AP and IFRS (Exhibit , p. 670) Chapter Reporting Topic . GAAP IFRS Revenue recognition Must have delivered a product or service in return for net assets capable of sufficiently reliable measurement. Over 200 documents provide industry-specific and transactionspecific guidance. One general standard and a few documents with industry-specific guidance. For long-term contracts, use percentage-of-completion method if amounts are estimable. Otherwise, use cost-recovery method. Completed contract method not permitted. 9 Inventories and cost of goods sold: lower of cost or market Measurement of market value uses a combination of replacement cost and net realizable values. Measurement of market value uses net realizable value. 9 Inventories: cost flow Specific identification, FIFO, weightedaverage, and LIFO cost-flow assumptions permitted. Specific identification, FIFO, and weighted-average cost-flow assumptions permitted. LIFO not permitted. 10 Property, plant, and equipment: revaluations above acquisition cost Not permitted. Permitted under certain conditions. 10 Research and development cost Recognize as an expense in the period incurred, except for certain software development costs. Recognize research costs as an expense in the period incurred. Capitalize certain development costs and amortize them over the expected period of benefit. 10 Property, plant, and equipment: impairment loss If carrying value exceeds undiscounted cash flows value, recognize an impairment loss equal to the excess of carrying value over fair value. Recognize an impairment loss for the excess of carrying value over recoverable amount. Recoverable amount is larger of the fair value less cost to sell and the value in use. Can subsequently reverse the impairment loss but not above acquisition cost. 10 Intangible assets with finite lives: impairment loss If .

• Kế toán - Kiểm toán
• Financial accounting
• Financial statement analysis
• Working capital
• Financial statement preparation
• Record keeping
• Income statement
• Issues in financial accounting
• Kế toán tài chính
• Financial statements
• Accounting standards
• Financial reporting
• Financial Accounting Standards Board
• Fundamental financial accounting
• Lecture Fundamental financial accounting concepts
• Financial statement
• Accounting cycle
• Accounting for accruals
• Lecture Financial accounting
• Accounting system
• Accounting activities
• Financial accounting practice
• Accounting information system
• Accounting terminology
• Reporting financial results
• Evaluating liquidity
• Business firms
• The financial reporting reform
• Accounting information
• Management accounting
• Accounting equation
• Accounting systems
• Decision making
• External financial reporting
• Accounting for business
• Lecture Accounting for business
• Financial accounting reports
• Statement of financial performance
• Accrual accounting systems
• Statement of financial position
• Mastering financial accounting essentials
• Financial accounting essentials
• Accrual accounting
• Accounting conventions
• Internal control
• Accounting for cash
• Accounting for receivables
• Computing uncollectible accounts expense
• Long term debt
• Accounting for long term debt
• Paper F3
• Revision kit 2016
• Accounting Financial
• Accounting Financial Review
• Financial Review accounting exam
• Study text 2016
• Language of business
• Double entry accounting system
• Credit terminology
• Merchandising businesses
• Accounting for merchandising businesses
• Accounting for inventories
• Cash discounts
• The accounting cycle
• International financial reporting standards
• Completing the accounting cycle
• Accounting worksheet
• Classified balance sheet