TAILIEUCHUNG - Lecture Accounting principles – Chapter 14: Corporations: Additional topics and IFRS

In this chapter students will be able to: Account for stock dividends and splits and compare their financial impact; account for the reacquisition of shares; prepare an income statement showing continuing and discontinued operations, and prepare a statement of comprehensive income;. | Corporations: Additional Topics and IFRS Additional Share Transactions Stock dividends and splits Reacquisition of shares Comprehensive Income Continuing and discontinued operations Other comprehensive income Accounting Changes Changes in accounting policies and estimates Correction of prior period errors Reporting Changes in Shareholders’ Equity Summary of transactions Statement of changes in shareholders’ equity Analyzing Shareholders’ Equity Earnings performance; Dividend record Copyright John Wiley & Sons Canada, Ltd. 2 CHAPTER 14: Corporations: Additional Topics and IFRS Account for stock dividends and splits and compare their financial impact. Account for the reacquisition of shares. Prepare an income statement showing continuing and discontinued operations, and prepare a statement of comprehensive income. Explain the accounting for different types of accounting changes and account for corrections of prior period errors. Prepare a statement of changes in shareholders’ equity. Evaluate earnings and dividend performance. Copyright John Wiley & Sons Canada, Ltd. 3 Stock Dividends Distribution of corporation’s own shares to its shareholders Paid in shares instead of cash Does not change assets or shareholders’ equity Decreases retained earnings and increases share capital by the same amount Total amount is therefore the same Copyright John Wiley & Sons Canada, Ltd. 4 Stock Dividends: Purpose and Benefits Satisfies shareholders' dividend expectations without spending cash Increases marketability of corporation’s shares Increasing number of shares will cause market price to decrease and make shares more affordable Emphasizes that a portion of shareholders’ equity has been permanently retained in the business Therefore unavailable for cash dividends Copyright John Wiley & Sons Canada, Ltd. 5 Entries for Stock Dividends Declaration date: Record date: no entry required Distribution date: Copyright John Wiley & Sons Canada, Ltd. 6 Stock Splits Involves the issue of .

• Kế toán - Kiểm toán
• Accounting principles
• Lecture Accounting principles
• Financial reporting
• Additional share transactions
• Comprehensive income
• Accounting changes
• Fundamental accounting principles
• Lecture Fundamental accounting principles
• Accounting information systems
• Fundamental system principles
• Technology based accounting systems
• Accounting information
• Financial accounting
• Managerial accounting
• Managerial cost
• Reporting manufacturing activities
• Merchandising operations
• Accounting cycle
• Completing the accounting cycle
• Classified balance sheet
• Accounting for partnerships
• Partnership form of organization
• Basic partnership accounting