TAILIEUCHUNG - Lecture Intermediate accounting (IFRS 2nd edition): Chapter 10 - Kieso, Weygandt, Warfield

Chapter 10 - Acquisition and disposition of property, plant, and equipment. After completing this chapter you should be able to: Describe property, plant, and equipment, identify the costs to include in initial valuation of property, plant, and equipment, describe the accounting problems associated with self-constructed assets, describe the accounting problems associated with interest capitalization. | PREVIEW OF CHAPTER Intermediate Accounting IFRS 2nd Edition Kieso, Weygandt, and Warfield 10 Understand accounting issues related to acquiring and valuing plant assets. Describe the accounting treatment for costs subsequent to acquisition. Describe the accounting treatment for the disposal of property, plant, and equipment. After studying this chapter, you should be able to: Acquisition and Disposition of Property, Plant, and Equipment 10 LEARNING OBJECTIVES Describe property, plant, and equipment. Identify the costs to include in initial valuation of property, plant, and equipment. Describe the accounting problems associated with self-constructed assets. Describe the accounting problems associated with interest capitalization. “Used in operations” and not for resale. Long-term in nature and usually depreciated. Possess physical substance. Property, plant, and equipment are assets of a durable nature. Other terms commonly used are plant assets and fixed assets. PROPERTY, PLANT, AND EQUIPMENT Includes: Land, Building structures (offices, factories, warehouses), and Equipment (machinery, furniture, tools). LO 1 Understand accounting issues related to acquiring and valuing plant assets. Describe the accounting treatment for costs subsequent to acquisition. Describe the accounting treatment for the disposal of property, plant, and equipment. After studying this chapter, you should be able to: Acquisition and Disposition of Property, Plant, and Equipment 10 LEARNING OBJECTIVES Describe property, plant, and equipment. Identify the costs to include in initial valuation of property, plant, and equipment. Describe the accounting problems associated with self-constructed assets. Describe the accounting problems associated with interest capitalization. Historical cost measures the cash or cash equivalent price of obtaining the asset and bringing it to the location and condition necessary for its intended use. ACQUISITION OF PROPERTY, PLANT, AND EQUIPMENT (PP&E) In general, .

• Kế toán - Kiểm toán
• Cost subsequent
• Cash discounts
• Involuntary conversion
• Stock issuance
• Intermediate accounting
• Lecture Intermediate accounting
• Disposition of property
• Estimating reserves
• Liquidating dividends
• Financial Accounting
• Accounting process
• Accounting equation
• Accounting processing cycle
• 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