This book is the third of seven books which introduces the basic principles of accounting. This book focuses on investments intended to be held for greater than one year. It introduces accounting for investments (available for sale, trading, and held to maturity), as well as, special accounting for certain long-term investments. Readers will learn the accounting for property, plant, and equipment, and depreciation methodology and terminology. Accounting for the disposal of property, plant, and equipment, asset exchanges, impairments, natural resource accounting and depletion concepts are also presented in this book.
Descrizione
Contenuto
Recensioni
- Part 1. Long-Term Investments
- Intent-Based Accounting
- The Fair Value Measurement Option
- Available for Sale Securities
- Other Comprehensive Income
- An Illustration
- Alternative: A Valuation Adjustments Account
- Dividends and Interest
- The Balance Sheet Appearance
- Held to Maturity Securities
- The Issue Price
- Recording the Initial Investments
- Illustration of Bonds Purchased at Par
- Illustration of Bonds Purchased at a Premium
- Illustration of Bonds Purchased at a Discount
- The Equity Method of Accounting
- Investments Requiring Consolidation
- Economic Entity Concept and Control
- Accounting Issues
- Goodwill
- The Consolidated Balance Sheet
- The Consolidated Income Statement
- Part 2. Property, Plant and Equipment
- What Costs are Included in Property, Plant and Equipment
- Cost to Assign to Items of Property, Plant and Equipment
- Interest Cost
- Training Costs
- A Distinction Between Land and Land Improvements
- Lump-Sum Acquisitions
- Professional Judgment
- Materiality Considerations
- Equipment Leases
- Service Life and Cost Allocation
- Depreciation Methodology
- Many Methods
- Some Important Terminology
- The Straight-Line Method
- Fractional Period Depreciation
- Spreadsheet Software
- The Units-of-Output Method
- The Double-Declining Balance Method
- Spreadsheet Software
- Fractional Period Depreciation
- Alternatives to DDB
- The Sum-of-the-Years’-Digits Method
- Spreadsheet Software
- Fractional Period Depreciation
- Changes in Estimates
- Tax Laws
- Advanced PP&E Issues/ Natural Resources/Intangibles
- PP&E Costs Subsequent to Asset Acquisition
- Restoration and Improvement
- Disposal of PP&E
- Accounting for Asset Exchanges
- Commercial Substance
- Recording the Initial Investments
- Boot
- Exchanges Lacking Commercial Substance
- Assets Impairment
- Taking a “Big Bath”
- Natural Resources
- Depletion Calculations
- Equipment Used to Extract Natural Resources
- Intangibles
- An Amortization Example
- An Impairment Example
- Some Specific Intangibles
My friend recommended this site and I found very useful books like this one. I use this in school so I was able to save some budget for reference materials.
