TAILIEUCHUNG - Lecture Financial accounting (10th edition): Chapter 9 - Pratt, Peters

Chapter 9 - Long-lived assets. This chapter explain the difference between capitalizing costs and expensing costs, and compare how these two accounting treatments affect net income across time. | 2 Chapter 9: Long-Lived Assets 2 3 Learning Objective 1 Explain the difference between capitalizing costs and expensing costs, and compare how these two accounting treatments affect net income across time. 4 Long – Lived Assets Land The cost of real estate used in operation Fixed Assets Buildings, machinery, and equipment which are often located on the ‘land’ real estate Natural Resource Costs The costs of acquiring the rights to extract natural resources Intangible Assets Rights, privileges, and benefits of possession rather than physical existence Deferred Costs Intangible assets often including prepaid expenses that provide benefits for a length of time extending beyond the current period 5 Long – Lived Assets Categorizations are firm specific Land is inventory for a real estate firm, but is a long-lived asset for a retailer Long-lived assets represent the company’s capacity to produce and sell goods and/or services in the future Planning and executing major capital expenditures .

• Kế toán - Kiểm toán
• Financial accounting
• Lecture Financial accounting
• Kế toán tài chính
• Financial statements
• Long lived assets
• Expensing costs
• Issues in financial accounting
• Accounting standards
• Financial reporting
• Financial Accounting Standards Board
• Fundamental financial accounting
• Lecture Fundamental financial accounting concepts
• Financial statement
• Accounting cycle
• Accounting for accruals
• 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
• Income statement
• 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