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• Table of Contents and Preface
  • Title Page
  • Copyright
  • Dedication
  • The real purpose of books
  • About the Authors
  • Advanced Accounting, 15e, Stays Current as the Accounting Profession Changes
  • Students Solve the Accounting Puzzle with 9th Edition Features
  • Connect Accounting for Advanced Accounting, 15e
  • Acknowledgments
  • Connect
    • Instructors
    • Students
  • Brief Contents
  • Contents
• Chapter 1: The Equity Method of Accounting for Investments
  • Introduction
  • Why Do Business Firms Invest in the Equity Shares of Other Business Firms?
  • The Reporting of Investments in Corporate Equity Securities
    • Fair-Value Method
    • Cost Method (Investments in Equity Securities without Readily Determinable Fair Values)
    • Consolidation of Financial Statements
    • Equity Method
  • Application of the Equity Method
    • Criterion for Utilizing the Equity Method
    • Accounting for an Investment—The Equity Method
  • Equity Method Accounting Procedures
    • Excess of Investment Cost over Book Value Acquired
    • The Amortization Process
  • International Accounting Standard 28—Investments in Associates
  • Equity Method—Additional Issues
    • Reporting a Change to the Equity Method
    • Reporting Investee’s Other Comprehensive Income and Irregular Items
    • Reporting Investee Losses
    • Reporting the Sale of an Equity Investment
  • Deferral of Intra-Entity Gross Profits in Inventory
    • Downstream Sales of Inventory
    • Upstream Sales of Inventory
  • Financial Reporting Effects and Equity Method Criticisms
    • Equity Method Reporting Effects
    • Criticisms of the Equity Method
  • Fair-Value Reporting for Equity Method Investments
  • Summary
  • Comprehensive Illustration
    • Problem
    • Solution
  • Questions
  • Problems
  • Develop Your Skills
    • DATA ANALYSIS CASE 1: DETERMINE MAXIMUM INVESTMENT PRICE
    • DATA ANALYSIS CASE 2: COMPUTE EQUITABLE TRANSFER PRICE
    • RESEARCH AND DISCUSSION CASE
    • RESEARCH AND ANALYSIS CASE—IMPAIRMENT
    • RESEARCH CASE—NONCONTROLLING SHAREHOLDER RIGHTS
• Chapter 2: Consolidation of Financial Information
  • Introduction
  • Expansion through Corporate Takeovers
    • Reasons for Firms to Combine
    • Goodyear Tire & Rubber and Cooper Tire & Rubber
    • Google and Fitbit
    • Uber and Postmates
  • Business Combinations, Control, and Consolidated Financial Reporting
    • Business Combinations—Creating a Single Economic Entity
    • Control—An Elusive Quality
    • Consolidation of Financial Information
  • Financial Reporting for Business Combinations
    • The Acquisition Method
    • Consideration Transferred for the Acquired Business
    • Contingent Consideration: An Additional Element of Consideration Transferred
    • Assets Acquired and Liabilities Assumed
    • Goodwill, and Gains on Bargain Purchases
  • Procedures for Consolidating Financial Information
    • Acquisition Method When Dissolution Takes Place
    • Related Costs of Business Combinations
    • The Acquisition Method When Separate Incorporation Is Maintained
  • Acquisition-Date Fair-Value Allocations—Additional Issues
    • Intangibles
    • Preexisting Goodwill on Acquired Firm’s Books
    • Acquired In-Process Research and Development
  • Convergence between U.S. and International Accounting Standards
  • Summary
  • Comprehensive Illustration
    • Problem
    • Solution
  • Appendix A: Legacy Methods of Accounting for Business Combinations
    • Legacy Methods of Accounting for Business Combinations
    • The Purchase Method: An Application of the Cost Principle
    • The Pooling of Interests Method: Continuity of Previous Ownership
    • Comparisons across the Pooling of Interests, Purchase, and Acquisition Methods
  • Appendix B: Pushdown Accounting
    • Pushdown Accounting
  • Questions
  • Problems
    • Appendix 2A Problems
    • Appendix 2B Problems
  • Develop Your Skills
    • FASB ASC RESEARCH AND ANALYSIS CASE—CONSIDERATION OR COMPENSATION?
    • ASC RESEARCH CASE—DEFENSIVE INTANGIBLE ASSET
    • RESEARCH CASE—PELOTON'S ACQUISITION OF PRECOR
    • RESEARCH CASE—ANALOG DEVICES'S ACQUISITION OF MAXIM INTEGRATED PRODUCTS
    • RESEARCH CASE—ANIKA THERAPEUTIC'S ACQUISITIONS OFPARCUS MEDICAL AND ARTHROSURFACE
• Chapter 3: Consolidations—Subsequent to the Date of Acquisition
  • Introduction
  • Consolidation—The Effects Created by the Passage of Time
    • Consolidated Net Income Determination
    • The Parent’s Choice of Investment Accounting
  • Investment Accounting by the Acquiring Company
    • Internal Investment Accounting Alternatives—The Equity Method, Initial Value Method, and Partial Equity Method
  • Subsequent Consolidation—Investment Recorded by the Equity Method
    • Acquisition Made during the Current Year
    • Determination of Consolidated Totals
    • Consolidation Worksheet
    • Consolidation Subsequent to Year of Acquisition—Equity Method
  • Subsequent Consolidations—Investment Recorded Using Initial Value or Partial Equity Method
    • Acquisition Made during the Current Year
    • Consolidation Subsequent to Year of Acquisition—Initial Value and Partial Equity Methods
  • Excess Fair Value Attributable to Subsidiary Long-Term Debt: Postacquisition Procedures
  • Goodwill Impairment
    • Assigning Goodwill to Reporting Units
    • Qualitative Assessment Option
    • Testing Goodwill for Impairment
    • Illustration—Accounting and Reporting for a Goodwill Impairment Loss
    • Comparisons with International Accounting Standards
  • Amortization and Impairment of Other Intangibles
  • Contingent Consideration—Postcombination
    • Accounting for Contingent Consideration in Periods Subsequent to a Business Combination
  • Summary
  • Comprehensive Illustration
    • Problem
    • Solution
  • Appendix: Private Company Accounting for Business Combinations
  • Questions
  • Problems
    • Appendix Problems
  • Develop Your Skills
    • RESEARCH CASE
    • TAPESTRY, INC., IMPAIRMENT ANALYSIS CASE
    • FASB ASC AND IASB RESEARCH CASE
    • EXCEL CASE 1
    • EXCEL CASE 2
  • Excel Spreadsheet Project
    • Alternative Investment Methods, Goodwill Impairment, and Consolidated Financial Statements
• Chapter 4: Consolidated Financial Statements and Outside Ownership
  • Introduction
  • Consolidated Financial Reporting in the Presence of a Noncontrolling Interest
    • Subsidiary Acquisition-Date Fair Value in the Presence of a Noncontrolling Interest
    • Control Premiums, Noncontrolling Interest Valuation, and Goodwill
    • Allocating Consolidated Net Income to the Parent and Noncontrolling Interest
  • Partial Ownership Consolidations (Acquisition Method)
    • Illustration—Partial Acquisition with No Control Premium
    • Illustration—Partial Acquisition with Control Premium
    • Effects Created by Alternative Investment Methods
  • Revenue and Expense Reporting for Midyear Acquisitions
    • Consolidating Postacquisition Subsidiary Revenue and Expenses
    • Acquisition Following an Equity Method Investment
  • Step Acquisitions
    • Control Achieved in Steps—Acquisition Method
    • Example: Step Acquisition Resulting in Control—Acquisition Method
    • Worksheet Consolidation for a Step Acquisition (Acquisition Method)
    • Example: Step Acquisition Resulting after Control Is Obtained
  • Parent Company Sales of Subsidiary Stock—Acquisition Method
    • Sale of Subsidiary Shares with Control Maintained
    • Sale of Subsidiary Shares with Control Lost
    • Cost-Flow Assumptions
    • Accounting for Shares That Remain
  • Comparisons with International Accounting Standards
  • Summary
  • Comprehensive Illustration
    • Problem
    • Solution
  • Questions
  • Problems
  • Develop Your Skills
    • RESEARCH CASE: U.S. STEEL'S STEP ACQUISITION OF BIG RIVER STEEL
    • RESEARCH CASE: COSTCO’S NONCONTROLLING INTERESTS
    • BARDEEN ELECTRIC: FASB ASC AND IFRS RESEARCH CASE
• Chapter 5: Consolidated Financial Statements—Intra-Entity Asset Transactions
  • Introduction
  • Intra-Entity Inventory Transfers
    • The Sales and Purchases Accounts
    • Intra-Entity Gross Profit—Year of Transfer (Year 1)
    • Intra-Entity Gross Profit—Year Following Transfer (Year 2)
    • Intra-Entity Gross Profit—Effect on Noncontrolling Interest
    • Intra-Entity Inventory Transfers Summarized
    • Intra-Entity Inventory Transfers Illustrated: Parent Uses Equity Method
    • Effects of Alternative Investment Methods on Consolidation
  • Intra-Entity Land Transfers
    • Accounting for Land Transactions
    • Eliminating Intra-Entity Gains—Land Transfers
    • Recognizing the Effect on Noncontrolling Interest—Land Transfers
  • Intra-Entity Transfer of Depreciable Assets
    • Deferral and Subsequent Recognition of Intra-Entity Gains
    • Depreciable Asset Intra-Entity Transfers Illustrated
    • Years Following Downstream Intra-Entity Depreciable Asset Transfers—Parent Uses Equity Method
    • Effect on Noncontrolling Interest—Depreciable Asset Transfers
  • Summary
  • Comprehensive Illustration
    • Problem
    • Solution
  • Questions
  • Problems
  • Develop Your Skills
    • EXCEL CASE
    • ANALYSIS AND RESEARCH CASE: ACCOUNTING INFORMATION AND SALARY NEGOTIATIONS
• Chapter 6: Variable Interest Entities, Intra-Entity Debt, Consolidated Cash Flows, and Other Issues
  • Introduction
  • Consolidation of Variable Interest Entities
    • What Is a VIE?
    • Consolidation of Variable Interest Entities
    • Procedures to Consolidate Variable Interest Entities
    • Consolidation of a Primary Beneficiary and VIE Illustrated
  • Comparisons with International Accounting Standards
  • Intra-Entity Debt Transactions
    • Acquisition of Affiliate’s Debt from an Outside Party
    • Accounting for Intra-Entity Debt Transactions—Individual Financial Records
    • Effects on Consolidation Process
    • Assignment of Retirement Gain or Loss
    • Intra-Entity Debt Transactions—Years Subsequent to Effective Retirement
  • Subsidiary Preferred Stock
  • Consolidated Statement of Cash Flows
    • Acquisition Period Statement of Cash Flows
    • Statement of Cash Flows in Periods Subsequent to Acquisition
  • Consolidated Earnings per Share
  • Subsidiary Stock Transactions
    • Changes in Subsidiary Value—Stock Transactions
    • Subsidiary Stock Transactions—Illustrated
  • Summary
  • Comprehensive Illustration
    • Problem: Consolidated Statement of Cash Flows and Earnings per Share
    • Solution
  • Questions
  • Problems
  • Develop Your Skills
    • EXCEL CASE: INTRA-ENTITY BONDS—ANALYSIS OF ALTERNATIVE YIELD RATES AND PRICES
    • RESEARCH CASE: STATEMENT OF CASH FLOWS
    • FINANCIAL REPORTING RESEARCH AND ANALYSIS CASE
• Chapter 7: Consolidated Financial Statements—Ownership Patterns and Income Taxes
  • Introduction
  • Indirect Subsidiary Control
    • The Consolidation Process When Indirect Control Is Present
    • Consolidation Procedures—Indirect Control
  • Indirect Subsidiary Control—Connecting Affiliation
  • Mutual Ownership
    • Treasury Stock Approach
    • Mutual Ownership Illustrated
  • Income Tax Accounting for a Consolidated Entity
    • Affiliated Groups
    • Deferred Income Taxes
    • Consolidated Tax Returns—Illustration
    • Income Tax Expense Assignment
    • Filing of Separate Tax Returns
    • Deferred Tax on Undistributed Earnings—Illustrated
    • Separate Tax Returns Illustrated
    • Temporary Differences Generated by Business Combinations
    • Consolidated Entities and Operating Loss Carryforwards
  • Income Taxes and Consolidated Entities—Comparisons with International Accounting Standards
    • Intra-Entity Inventory Tax Effects
    • Intra-Entity Tax Effects Other than Inventory
  • Summary
  • Comprehensive Illustration
    • Problem
    • Solution
  • Questions
  • Problems
  • Develop Your Skills
    • EXCEL CASE: INDIRECT SUBSIDIARY CONTROL
    • RESEARCH CASE: CONSOLIDATED TAX EXPENSE
• Chapter 8: Segment and Interim Reporting
  • Introduction
  • Segment Reporting
    • The Management Approach
  • Determination of Reportable Operating Segments
    • Quantitative Thresholds
  • Testing Procedures—Complete Illustration
    • The Revenue Test
    • The Profit or Loss Test
    • The Asset Test
    • Summary of Test Results
  • Other Guidelines
  • Information to Be Disclosed by Reportable Operating Segments
    • Reconciliations to Consolidated Totals
    • Explanation of Measurement
  • Examples of Operating Segment Disclosures
  • Entitywide Information
    • Information about Products and Services
    • Information about Geographic Areas
    • Information about Major Customers
  • International Financial Reporting Standard 8—Operating Segments
  • On the Horizon-- FASB Project on Segment Reporting
  • Interim Reporting
    • Revenues
    • Inventory and Cost of Goods Sold
    • Other Costs and Expenses
    • Income Taxes
    • Change in Accounting Principle
    • Seasonal Items
  • Minimum Disclosures in Interim Reports
  • Segment Information in Interim Reports
  • International Accounting Standard 34—Interim Financial Reporting
  • On the Horizon-FASB Project on Interim Reporting
  • Summary
  • Comprehensive Illustration
    • Problem
    • Solution
  • Questions
  • Problems
  • Develop Your Skills
    • RESEARCH CASE 1—SEGMENT REPORTING
    • RESEARCH CASE 2—INTERIM REPORTING
    • RESEARCH CASE 3—COMPARABILITY OF GEOGRAPHIC AREA INFORMATION
    • EVALUATION CASE—OPERATING SEGMENT DISCLOSURES
    • ACCOUNTING STANDARDS CASE 1—SEGMENT REPORTING
    • ACCOUNTING STANDARDS CASE 2—INTERIM REPORTING
    • ANALYSIS CASE 1—WALMART INTERIM AND SEGMENT REPORTING
    • ANALYSIS CASE 2—APPLE INC., OPERATING SEGMENT INFORMATION
• Chapter 9: Foreign Currency Transactions and Hedging Foreign Exchange Risk
  • Introduction
  • Foreign Exchange Markets
    • Exchange Rate Mechanisms
    • Foreign Exchange Rates
    • Foreign Currency Forward Contracts
    • Foreign Currency Options
  • Foreign Currency Transactions
    • Accounting Issue
    • Balance Sheet Date before Date of Payment
  • International Accounting Standard 21—The Effects of Changes in Foreign Exchange Rates
  • Foreign Currency Borrowing
    • Foreign Currency Loan
  • Hedges of Foreign Exchange Risk
  • Derivatives Accounting
    • Fundamental Requirement of Derivatives Accounting
    • Determination of Fair Value of Derivatives
    • Accounting for Changes in the Fair Value of Derivatives
  • Hedge Accounting
    • Nature of the Hedged Risk
    • Hedge Effectiveness
    • Hedge Documentation
    • Hedging Combinations
  • Hedges of Foreign Currency–Denominated Assets and Liabilities
    • Cash Flow Hedge
    • Fair Value Hedge
  • Forward Contract Hedge of a Foreign Currency–Denominated Asset
    • Forward Contract Designated as Cash Flow Hedge
    • Forward Contract Designated as Fair Value Hedge
  • Option Hedge of a Foreign Currency–Denominated Asset
    • Option Designated as Cash Flow Hedge
    • Option Designated as Fair Value Hedge
  • Hedge of Unrecognized Foreign Currency Firm Commitment
    • Forward Contract Fair Value Hedge of a Firm Commitment
    • Option Fair Value Hedge of Firm Commitment
  • Hedge of Forecasted Foreign Currency Transaction
    • Forward Contract Cash Flow Hedge of a Forecasted Transaction
    • Option Cash Flow Hedge of a Forecasted Transaction
  • Use of Hedging Instruments
  • International Financial Reporting Standard 9—Financial Instruments
  • Summary
  • Comprehensive Illustration
    • Problem
    • Solution
  • Questions
  • Problems
  • Develop Your Skills
    • RESEARCH CASE—INTERNATIONAL FLAVORS AND FRAGRANCES
    • ACCOUNTING STANDARDS CASE—FORECASTED TRANSACTIONS
    • ANALYSIS CASE—CASH FLOW HEDGE
    • INTERNET CASE—HISTORICAL EXCHANGE RATES
    • COMMUNICATION CASE—FORWARD CONTRACTS AND OPTIONS
• Chapter 10: Translation of Foreign Currency Financial Statements
  • Introduction
  • Exchange Rates Used in Translation
    • Translation Adjustments
  • Balance Sheet Exposure
  • Translation Methods
    • Current Rate Method
    • Temporal Method
    • Translation of Retained Earnings
  • Complicating Aspects of the Temporal Method
    • Calculation of Cost of Goods Sold
    • Application of the Lower-of-Cost-or-Net-Realizable-Value Rule
    • Property, Plant, and Equipment, Depreciation, and Accumulated Depreciation
    • Gain or Loss on the Sale of an Asset
  • Treatment of Translation Adjustment
  • Authoritative Guidance
    • Determining the Appropriate Translation Method
    • Highly Inflationary Economies
    • Appropriate Exchange Rate
  • International Accounting Standard 21—The Effects of Changes in Foreign Exchange Rates
  • The Translation Process Illustrated
  • Translation of Financial Statements—Current Rate Method
    • Translation of the Balance Sheet
    • Translation of the Statement of Cash Flows
  • Remeasurement of Financial Statements—Temporal Method
    • Remeasurement of the Income Statement
    • Remeasurement of the Statement of Cash Flows
    • Nonlocal Currency Balances
  • Comparison of the Results from Applying the Two Different Methods
    • Underlying Valuation Method
    • Underlying Relationships
  • Hedging Balance Sheet Exposure
    • Accounting for Hedges of Remeasurement-Related Balance Sheet Exposure
    • Accounting for Hedges of Translation-Related Balance Sheet Exposure
  • International Financial Reporting Standard 9–Financial Instruments
  • Disclosures Related to Translation
  • Consolidation of a Foreign Subsidiary
    • Translation of Foreign Subsidiary Trial Balance
    • Determination of Balance in Investment Account—Equity Method
    • Consolidation Worksheet
  • Summary
  • Comprehensive Illustration
    • Solution
  • Questions
  • Problems
  • Develop Your Skills
    • RESEARCH CASE 1—FOREIGN CURRENCY TRANSLATION AND HEDGING DISCLOSURES
    • RESEARCH CASE 2—FOREIGN CURRENCY TRANSLATION AND HEDGING DISCLOSURES
    • ACCOUNTING STANDARDS CASE 1—MORE THAN ONE FUNCTIONAL CURRENCY
    • ACCOUNTING STANDARDS CASE 2—CHANGE IN FUNCTIONAL CURRENCY
    • EXCEL CASE—TRANSLATING FOREIGN CURRENCY FINANCIAL STATEMENTS
    • COMMUNICATION CASE—FUNCTIONAL CURRENCY OF A FOREIGN SUBSIDIARY
    • EXCEL AND ANALYSIS CASE—CONSOLIDATION OF A FOREIGN SUBSIDIARY
• Chapter 11: Worldwide Accounting Diversity and International Standards
  • Introduction
  • Evidence of Accounting Diversity
  • Reasons for Accounting Diversity
    • Legal System
    • Taxation
    • Financing System
    • Inflation
    • Political and Economic Ties
  • Problems Caused by Diverse Accounting Practices
  • International Accounting Standards Committee
    • The IOSCO Agreement
  • International Accounting Standards Board and IFRS
    • International Financial Reporting Standards (IFRS)
    • Use of IFRS Standards
    • IFRS for SMEs
  • First-Time Adoption of IFRS
    • IFRS Accounting Policy Hierarchy
  • FASB–IASB Convergence
  • SEC Recognition of IFRS
    • IFRS Roadmap
    • A Possible Framework for Incorporating IFRS into U.S. Financial Reporting
    • Relevance of IFRS for U.S. Accountants
  • Differences between IFRS and U.S. GAAP
    • Recognition Differences
    • Measurement Differences
    • Classification, Presentation, and Disclosure Differences
    • IAS 1, “Presentation of Financial Statements”
  • Conversion of IFRS Financial Statements to U.S. GAAP
    • Illustrative Example—Loss Contingency (First Year)
    • Illustrative Example—Loss Contingency (Second Year)
  • On the Horizon—IASB Project on General Presentation and Disclosure
  • Obstacles to Worldwide Comparability of Financial Statements
    • Translation of IFRS into Other Languages
    • The Impact of Culture on Financial Reporting
  • Summary
  • Comprehensive Illustration
    • Problem
    • Solution
  • Questions
  • Problems
  • Develop Your Skills
    • ANALYSIS CASE 1—APPLICATION OF IAS 16
    • ANALYSIS CASE 2—RECONCILIATION OF IFRS TO U.S. GAAP
    • RESEARCH CASE—DIFFERENCES BETWEEN IFRS AND U.S. GAAP
    • INTERNET CASE 1—FOREIGN COMPANY ANNUAL REPORT
    • INTERNET CASE 2—IFRS WEBSITE
• Chapter 12: Financial Reporting and the Securities and Exchange Commission
  • Introduction
  • The Work of the Securities and Exchange Commission
    • Purpose of the Federal Securities Laws
    • Full and Fair Disclosure
  • Corporate Accounting Scandals and the Sarbanes–Oxley Act
    • Creation of the Public Company Accounting Oversight Board
    • Registration of Public Accounting Firms
  • The SEC’s Authority and SEC Filings
    • The SEC’s Authority over Generally Accepted Accounting Principles
    • Filings with the SEC
    • Electronic Data Gathering, Analysis, and Retrieval System (EDGAR)
  • Summary
  • Questions
  • Problems
  • Develop Your Skills
    • RESEARCH CASE 1
    • RESEARCH CASE 2
    • ANALYSIS CASE 1
    • COMMUNICATION CASE 1
• Chapter 13: Accounting for Legal Reorganizations and Liquidations
  • Introduction
  • Overview of Bankruptcy in the United States
    • U.S. Bankruptcy Laws
    • Statement of Financial Affairs Illustrated
  • Liquidation—Chapter 7 Bankruptcy
    • Role of the Trustee
    • Statement of Realization and Liquidation Illustrated
    • The Liquidation Basis of Accounting
  • Reorganization—Chapter 11 Bankruptcy
    • The Plan for Reorganization
    • Acceptance and Confirmation of Reorganization Plan
    • Financial Reporting during Reorganization
    • Financial Reporting for Companies Emerging from Reorganization
    • Fresh Start Accounting Illustrated
  • Summary
  • Comprehensive Illustration
    • Problem
    • Solution
  • Questions
  • Problems
  • Develop Your Skills
    • RESEARCH CASE 1
    • RESEARCH CASE 2
    • ANALYSIS CASE 1
    • ANALYSIS CASE 2
    • COMMUNICATION CASE 1
    • COMMUNICATION CASE 2
• Chapter 14: Partnerships: Formation and Operation
  • Introduction
  • Partnerships—Advantages and Disadvantages
  • Alternative Legal Forms
    • Subchapter S Corporation
    • Limited Partnerships (LPs)
    • Limited Liability Partnerships (LLPs)
    • Limited Liability Companies (LLCs)
  • Partnership Accounting—Capital Accounts
    • Articles of Partnership
    • Accounting for Capital Contributions
    • Additional Capital Contributions and Withdrawals
    • Allocation of Income
  • Accounting for Partnership Dissolution
    • Dissolution—Admission of a New Partner
    • Dissolution—Withdrawal of a Partner
  • Summary
  • Comprehensive Illustration
    • Problem
    • Solution
  • Questions
  • Problems
  • Develop Your Skills
    • RESEARCH CASE
    • ANALYSIS CASE
    • COMMUNICATION CASE 1
    • COMMUNICATION CASE 2
    • EXCEL CASE
• Chapter 15: Partnerships: Termination and Liquidation
  • Introduction
  • Termination and Liquidation—Protecting the Interests of All Parties
  • Partnership Liquidation Procedures
  • Statement of Partnership Liquidation
  • Deficit Capital Balances
    • Partner with Deficit—Contribution to Partnership
    • Partner with Deficit—Loss to Remaining Partners
    • Two Partners with Deficit Capital Balances
  • Safe Payments to Partners
  • Preliminary Distribution of Partnership Assets
    • Preliminary Distribution Illustrated
  • Predistribution Plan
  • Summary
  • Comprehensive Illustration
    • Problem
    • Solution
  • Questions
  • Problems
  • Develop Your Skills
    • ANALYSIS CASE
    • COMMUNICATION CASE 1
    • COMMUNICATION CASE 2
• Chapter 16: Accounting for State and Local Governments (Part 1)
  • Introduction
  • Introduction to the Financial Reporting for State and Local Governments
    • Governmental Accounting—User Needs
    • Two Sets of Financial Statements
    • The Evolution to Reporting Two Sets of Financial Statements
    • Internal Recordkeeping—Fund Accounting
    • Fund Accounting Classifications
  • Overview of State and Local Government Financial Statements
    • Government-Wide Financial Statements
    • Fund Financial Statements
  • Accounting for Governmental Funds
    • The Importance of Budgets and the Recording of Budgetary Entries
    • Encumbrances
  • Recognition of Expenditures and Revenues
    • Recognition of Revenues—Overview
    • Reporting Derived Tax Revenues Such as Income Taxes and Sales Taxes
    • Reporting Imposed Nonexchange Revenues Such as Property Taxes and Fines
    • Reporting Government-Mandated Nonexchange Transactions and Voluntary Nonexchange Transactions
    • Issuance of Bonds
    • Special Assessments
    • Interfund Transactions
  • Summary
  • Comprehensive Illustration
    • Problem
    • Solution
  • Questions
  • Problems
  • Develop Your Skills
    • RESEARCH CASE 1
    • RESEARCH CASE 2
    • ANALYSIS CASE
    • COMMUNICATION CASE 1
    • COMMUNICATION CASE 2
    • COMMUNICATION CASE 3
    • COMMUNICATION CASE 4
    • EXCEL CASE
• Chapter 17: Accounting for State and Local Governments (Part 2)
  • Introduction
  • The Hierarchy of U.S. Generally Accepted Accounting Principles (GAAP) for State and Local Governments
    • Tax Abatement Disclosure
  • Defined Benefit Pension Plans
  • Lease Accounting
  • Solid Waste Landfill
    • Landfills—Government-Wide Financial Statements
    • Landfills—Fund Financial Statements
  • Works of Art and Historical Treasures
  • Infrastructure Assets and Depreciation
  • Comprehensive Annual Financial Report
  • The Primary Government and Component Units
    • Primary Government
    • Identifying Component Units
    • Reporting Component Units
    • Special-Purpose Governments
  • Acquisitions, Mergers, and Transfers of Operations
  • Government-Wide and Fund Financial Statements Illustrated
    • Statement of Net Position—Government-Wide Financial Statements
    • Statement of Activities—Government-Wide Financial Statements
    • Balance Sheet—Governmental Funds—Fund Financial Statements
    • Statement of Revenues, Expenditures, and Other Changes in Fund Balances—Governmental Funds—Fund Financial Statements
    • Statement of Net Position—Proprietary Funds—Fund Financial Statements
    • Statement of Revenues, Expenses, and Other Changes in Net Position—Proprietary Funds—Fund Financial Statements
    • Statement of Cash Flows—Proprietary Funds—Fund Financial Statements
  • Reporting Public Colleges and Universities
  • Summary
  • Comprehensive Illustration
    • Problem
    • Solution
  • Questions
  • Problems
  • Develop Your Skills
    • RESEARCH CASE 1
    • RESEARCH CASE 2
    • ANALYSIS CASE 1
    • ANALYSIS CASE 2
    • COMMUNICATION CASE 1
    • COMMUNICATION CASE 2
    • EXCEL CASE
• Chapter 18: Accounting and Reporting for Private Not-for-Profit Entities
  • Introduction
  • The Structure of Financial Reporting
    • Financial Statements for Private Not-for-Profit Entities
    • Statement of Financial Position
    • Statement of Activities
    • Statement of Functional Expenses
    • Statement of Cash Flows
  • Accounting for Contributions and Exchange Transactions
    • Exchange Transaction or Contribution?
    • Contributions—Unconditional or Conditional?
    • Contributed Services
    • Reporting Works of Art and Historical Treasures
    • Holding Contributions for Others
    • Exchange Transactions
    • Mergers and Acquisitions
    • Tax-Exempt Status
    • Transactions for a Private Not-for-Profit Entity Illustrated
    • Accounting for Health Care Entities—Reporting Revenues
  • Summary
  • Comprehensive Illustration
    • Problem
    • Solutions
  • Questions
  • Problems
  • Develop Your Skills
    • RESEARCH CASE 1
    • RESEARCH CASE 2
    • RESEARCH CASE 3
    • RESEARCH CASE 4
    • ANALYSIS CASE 1
    • ANALYSIS CASE 2
    • COMMUNICATION CASE
• Chapter 19: Accounting for Estates and Trusts
  • Introduction
  • Accounting for an Estate
    • Administration of the Estate
    • Property Included in the Estate
    • Discovery of Claims against the Decedent
    • Protection for Remaining Family Members
    • Estate Distributions
    • Estate and Inheritance Taxes
    • The Distinction between Income and Principal
    • Recording of the Transactions of an Estate
    • Charge and Discharge Statement
  • Accounting for a Trust
    • Recordkeeping for a Trust Fund
    • Accounting for the Activities of a Trust
  • Summary
  • Comprehensive Illustration
    • Problem
    • Solution
  • Questions
  • Problems
  • Develop Your Skills
    • RESEARCH CASE 1
    • RESEARCH CASE 2
    • RESEARCH CASE 3
    • ANALYSIS CASE 1
    • ANALYSIS CASE 2
• Index
  • Index
• Additional Student Resources
  • Additional Student Resources
• Accessibility Content: Text Alternatives for Images
  • Exhibit 1.2 Text Alternative (Chapter 1)
  • Exhibit 3.8 Text Alternative (Chapter 3)
  • Unnumbered Text Alternative (Chapter 5)
  • Exhibit 6.2 Text Alternative (Chapter 6)
  • Unnumbered Text Alternative (Chapter 7)
  • Unnumbered Text Alternative (Chapter 7)
  • Unnumbered Text Alternative (Chapter 7)
  • Exhibit 8.2 Text Alternative (Chapter 8)
  • Unnumbered Text Alternative (Chapter 9)
  • Exhibit 19.1 Text Alternative (Chapter 9)
  • Exhibit 9.3 Text Alternative (Chapter 9)
  • Unnumbered Text Alternative (Chapter 11)

  UM RAFBÆKUR Á HEIMKAUP.IS

  Bókahillan þín er þitt svæði og þar eru bækurnar þínar geymdar. Þú kemst í bókahilluna þína hvar og hvenær sem er í tölvu eða snjalltæki. Einfalt og þægilegt!
  
  Rafbók til eignar
  Rafbók til eignar þarf að hlaða niður á þau tæki sem þú vilt nota innan eins árs frá því bókin er keypt.
  
  Þú kemst í bækurnar hvar sem er
  Þú getur nálgast allar raf(skóla)bækurnar þínar á einu augabragði, hvar og hvenær sem er í bókahillunni þinni. Engin taska, enginn kyndill og ekkert vesen (hvað þá yfirvigt).
  
  Auðvelt að fletta og leita
  Þú getur flakkað milli síðna og kafla eins og þér hentar best og farið beint í ákveðna kafla úr efnisyfirlitinu. Í leitinni finnur þú orð, kafla eða síður í einum smelli.
  
  Glósur og yfirstrikanir
  Þú getur auðkennt textabrot með mismunandi litum og skrifað glósur að vild í rafbókina. Þú getur jafnvel séð glósur og yfirstrikanir hjá bekkjarsystkinum og kennara ef þeir leyfa það. Allt á einum stað.
  
  Hvað viltu sjá? / Þú ræður hvernig síðan lítur út
  Þú lagar síðuna að þínum þörfum. Stækkaðu eða minnkaðu myndir og texta með multi-level zoom til að sjá síðuna eins og þér hentar best í þínu námi.
  
  
  
  Fleiri góðir kostir
  - Þú getur prentað síður úr bókinni (innan þeirra marka sem útgefandinn setur)
  - Möguleiki á tengingu við annað stafrænt og gagnvirkt efni, svo sem myndbönd eða spurningar úr efninu
  - Auðvelt að afrita og líma efni/texta fyrir t.d. heimaverkefni eða ritgerðir
  - Styður tækni sem hjálpar nemendum með sjón- eða heyrnarskerðingu