TAILIEUCHUNG - Lecture Intermediate accounting: Principles and analysis (2nd edition): Chapter 6 - Warfield, Weygandt, Kieso

Chapter 6 - Statement of cash flows. After studying this chapter, you should be able to: Explain the uses and limitations of a statement of financial position, identify the major classifications of the statement of financial position, prepare a classified statement of financial position using the report and account formats,. | CHAPTER 6 STATEMENT OF CASH FLOWS INTERMEDIATE ACCOUNTING Principles and Analysis 2nd Edition Warfield Weygandt Kieso Indicate the primary purpose of the statement of cash flows. Distinguish among operating, investing, and financing activities. Identify sources of information for preparing the statement of cash flows. Differentiate between net income and net cash provided by operating activities. Determine net cash from investing and financing activities. Prepare a statement of cash flows. Analyze the statement of cash flows. Learning Objectives 1. On the topic, “Challenges Facing Financial Accounting,” what did the AICPA Special Committee on Financial Reporting suggest should be included in future financial statements? Non-financial Measurements (customer satisfaction indexes, backlog information, and reject rates on goods purchases). Forward-looking Information Soft Assets (a company’s know-how, market dominance, marketing setup, well-trained employees, and brand image). Timeliness (no real time financial information) Statement Preparation Using Cash Flows to Evaluate a Company Purpose Classifications Significant noncash activities Format Preparation Indirect and direct methods First year of operations Second year of operations Summary of indirect method Free cash flow Assessing liquidity and solvency Limitations Statement of Cash Flows Purpose and Format Service Cost - Actuaries compute service cost as the present value of the new benefits earned by employees during the year. Future salary levels considered in calculation. Interest on Liability - Interest accrues each year on the PBO just as it does on any discounted debt. Actual Return on Plan Assets - Increase in pension funds from interest, dividends, and realized and unrealized changes in the fair market value of the plan assets. Amortization of Unrecognized Prior Service Cost - The cost of providing retroactive benefits is allocated to pension expense in the future, specifically to the remaining .

• Kế toán - Kiểm toán
• Intermediate accounting
• Lecture Intermediate accounting
• Financial position
• Statement of cash flows
• Scash flows
• Statement of financial position
• Financial Accounting
• Accounting process
• Accounting equation
• Accounting processing cycle
• Stock issuance
• Estimating reserves
• Liquidating dividends
• Accounting changes
• Error corrections
• Accounting choices
• Theoretical structure
• Accrual accounting
• Financial accounting environment
• Accounting for leases
• Leasing environment
• Accounting by lessee
• Special accounting problems
• Cash versus accrual accounting
• International standard setting
• Accounting standards
• Accounting assists
• The challenges facing accounting
• Income taxes
• Accounting for income taxes
• Deferred tax liabilities
• Error analysis
• Accounting policy
• Accounting estimate
• Accounting policies
• Financial reporting
• Accounting information system
• Measurement issues
• Characteristics of accounting
• Capital allocation process