TAILIEUCHUNG - Lecture Intermediate accounting (IFRS 2nd edition): Chapter 7 - Kieso, Weygandt, Warfield

Chapter 7 - Cash and receivables. After studying this chapter, you should be able to: Identify items considered cash, indicate how to report cash and related items, define receivables and identify the different types of receivables, explain accounting issues related to recognition of accounts receivable, explain accounting issues related to valuation of accounts receivable,. | PREVIEW OF CHAPTER Intermediate Accounting IFRS 2nd Edition Kieso, Weygandt, and Warfield 7 Identify items considered cash. Indicate how to report cash and related items. Define receivables and identify the different types of receivables. Explain accounting issues related to recognition of accounts receivable. Explain accounting issues related to valuation of accounts receivable. Explain accounting issues related to recognition of notes receivable. Explain accounting issues related to valuation of notes receivable. Understand special topics related to receivables. Describe how to report and analyze receivables. After studying this chapter, you should be able to: Cash and Receivables 7 LEARNING OBJECTIVES A financial asset—also a financial instrument. Financial Instrument - Any contract that gives rise to a financial asset of one entity and a financial liability or equity interest of another entity. ILLUSTRATION 7-1 Types of Assets What is Cash? CASH LO 1 What is Cash? Most liquid asset. Standard medium of exchange. Basis for measuring and accounting for all other items. Current asset. Examples: Coin, currency, available funds on deposit at the bank, money orders, certified checks, cashier’s checks, personal checks, bank drafts and savings accounts. CASH LO 1 Identify items considered cash. Indicate how to report cash and related items. Define receivables and identify the different types of receivables. Explain accounting issues related to recognition of accounts receivable. Explain accounting issues related to valuation of accounts receivable. Explain accounting issues related to recognition of notes receivable. Explain accounting issues related to valuation of notes receivable. Understand special topics related to receivables. Describe how to report and analyze receivables. After studying this chapter, you should be able to: Cash and Receivables 7 LEARNING OBJECTIVES Cash Equivalents Short-term, highly liquid investments that are both readily convertible to cash,

• Kế toán - Kiểm toán
• Intermediate accounting
• Lecture Intermediate accounting
• Accounts receivable
• Notes receivable
• Special issues
• Accounts receivable
• 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