TAILIEUCHUNG - Ebook Intermediate accounting (9th Edition): Part 2

(BQ) Part 2 book “Intermediate accounting” has contents: Accounting for income taxes, share-based compensation and earnings per share, accounting changes and error corrections, the statement of cash flows revisited, accounting for income taxes, and other contents. | CHAPTER 13 OVERVIEW Current Liabilities and Contingencies Chapter 13 is the first of five chapters devoted to liabilities. In Part A of this chapter, we discuss liabilities that are classified appropriately as current. In Part B we turn our attention to situations in which there is uncertainty as to whether an obligation really exists. These are designated as loss contingencies. Some loss contingencies are accrued as liabilities, but others only are disclosed in the notes. LEARNING OBJECTIVES After studying this chapter, you should be able to: ● LO13–1 Define liabilities and distinguish between current and long-term liabilities. (p. 716) ● LO13–2 Account for the issuance and payment of various forms of notes and record the interest on the notes. (p. 718) ● LO13–3 Characterize accrued liabilities and liabilities from advance collection and describe when and how they should be recorded. (p. 721) ● LO13–4 Determine when a liability can be classified as a noncurrent obligation. (p. 727) ● LO13–5 Identify situations that constitute contingencies and the circumstances under which they should be accrued. (p. 730) ● LO13–6 Demonstrate the appropriate accounting treatment for contingencies, including unasserted claims and assessments. (p. 731) ● LO13–7 Discuss the primary differences between . GAAP and IFRS with respect to current liabilities and contingencies. (pp. 729, 739, and 740) 714 FINANCIAL REPORTING CASE Debbie’s Dad “My dad is confused,” your friend Debbie Hirst proclaimed at the office one morning. “You see, we’re competing against each other in that investment game I told you about, and one of his hot investments is Syntel Microsystems. When he got their annual report yesterday afternoon, he started analyzing it, you know, really studying it closely. Then he asked me about this part here.” Debbie pointed to the current liability section of the balance sheet and related disclosure note: © Rob Daly / .

• Kế toán - Kiểm toán
• Intermediate accounting
• Income taxes
• Share based compensation
• Cash flows revisited
• Accounting for income taxes
• A ccounting changes
• Lecture Intermediate accounting
• 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
• Deferred tax liabilities
• Error analysis
• Accounting policy
• Accounting estimate
• Accounting policies
• Financial reporting
• Accounting information system
• Measurement issues
• Characteristics of accounting
• Capital allocation process