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Course Description
Business accounting in the United States is largely governed by generally accepted accounting principles (GAAP). The source documents for GAAP cover thousands of pages, so their heft alone makes them difficult to research. This course lightens the research chore by presenting the essential elements of GAAP in a single volume, with an emphasis on key accounting requirements and disclosures. These essential elements are closely supported by several hundred examples and tips.
This course also offers answers to many accounting questions that might otherwise require extensive research in the original GAAP source documents:
- What is the proper presentation of a balance sheet?
- What does an indirect method statement of cash flows look like?
- How do I calculate diluted earnings per share?
- What information must be included in interim financial statements?
- How do I use the equity method to account for investments?
- How do I use a cost layering system to account for inventory?
- What is the process for testing intangible assets for impairment?
- How do I account for fixed assets acquired in a business combination?
- What is the correct accounting for a stock split?
- When can I recognize revenue?
- How do I account for a defined benefit pension plan?
- How do I account for a business combination?
Instructor
Learning Objectives
Upon successful completion of this course, participants will be able to:
Chapter 1
- Cite the accounting principles that underlie Generally Accepted Accounting Principles.
Chapter 2
- Note the transactions related to discontinued operations, as well as the disclosures required for certain accounting transactions.
Chapter 3
- Identify the account classifications used in the balance sheet, as well as the structure of the balance sheet.
Chapter 4
- State the transactions included in and excluded from other comprehensive income.
Chapter 5
- Note the different formats in which the income statement can be presented.
Chapter 6
- Cite the contents of the sections of the statement of cash flows, and the differences in presentation for the different types of statements of cash flows.
Chapter 7
- Recognize the disclosures required by the Securities and Exchange Commission.
Chapter 8
- Identify the situations in which accounting changes are allowed, and note the mechanics of retrospective application of changes.
Chapter 9
- State the methods used to derive current cost.
Chapter 10
- Note the calculations for basic earnings per share and diluted earnings per share.
Chapter 11
- Identify the assumptions that underlie the integral view and discrete view of interim reporting.
Chapter 12
- Recognize the situations that can cause reportable risks and uncertainties.
Chapter 13
- State the segment test rules used to determine reportable segments.
Chapter 14
- Note the accounting treatment for lending arrangements and loan origination fees.
Chapter 15
- Identify the accounting for impairment losses on equity and debt securities, as well as the accounting for these investments in the different investment classifications.
Chapter 16
- Recognize how the equity method is formulated and updated.
Chapter 17
- Cite how the periodic and perpetual inventory methods are used to derive the cost of goods sold, and how the gross profit method and retail method are used to estimate ending inventory.
Chapter 18
- Recognize the rules for recognizing and disclosing deferred advertising costs, as well as the accounting for insurance contracts.
Chapter 19
- Identify the situations in which goodwill is associated with reporting units, and note the rules for conducting impairment testing.
Chapter 20
- Note the valuation method used for acquired fixed assets, as well as the calculations for the various depreciation methods.
Chapter 21
- Identify the assessments and surcharges associated with insurance activities.
Chapter 22
- State the accounting rules for deferring and recognizing asset retirement obligations.
Chapter 23
- Note the circumstances under which the cost of employee and other contractual terminations can be recognized.
Chapter 24
- Cite the characteristics of and reporting obligations associated with commitments.
Chapter 25
- State the circumstances under which loss contingencies are recognized, and when they are only disclosed.
Chapter 26
- Identify the methods used to place valuations on guarantees.
Chapter 27
- State the components of debt, as well as the circumstances under which a debt arrangement is considered to be a troubled debt restructuring.
Chapter 28
- Note the circumstances under which a spinoff occurs, and when a dividend is in arrears.
Chapter 29
- Identify the evaluation criteria for a contract, the components of the transaction price, and when a contract modification triggers treatment as a new contract.
Chapter 30
- Recognize the circumstances under which the costs of compensated absences are recognized and disclosed.
Chapter 31
- State the key elements of net periodic pension cost, and the accounting for defined benefit and defined contribution plans.
Chapter 32
- Note how costs are derived for exercised and unexercised stock options.
Chapter 33
- Identify the proper expense recognition for insurance contracts and business process reengineering.
Chapter 34
- State the types of activities classified as research and development, and how research and development costs are to be recognized.
Chapter 35
- Recognize which tax rate to apply to a reporting period.
Chapter 36
- Identify the types of acquisitions, and the types of intangible assets that can be recognized as part of an acquisition.
Chapter 37
- Identify the situations in which a controlling financial interest cannot be determined, as well as the types of eliminations used when conducting a consolidation.
Chapter 38
- Note the accounting for derivative speculation, and the classifications for hedges and investments. Recognize the methods used to measure hedge effectiveness.
Chapter 39
- State the concepts upon which fair value measurements are derived.
Chapter 40
- Cite the circumstances in which the fair value option can be applied, and the disclosures related to financial instruments.
Chapter 41
- Note the accounting for payments to suppliers in foreign currencies, as well as how to identify a functional currency.
Chapter 42
- Identify the situations in which interest capitalization can be used, and when an interest rate should be imputed.
Chapter 43
- Identify the depreciation methodology for certain leased assets.
Chapter 44
- Note the valuation alternatives in a nonmonetary exchange, and the usage rules for boot.
Chapter 45
- Cite the types of entities considered to be related parties, and what information should be disclosed about them.
Chapter 46
- State the types of events classified as subsequent events, and note which of these events can alter the financial statements.
Table of Contents
Chapter 1 – Introduction
Learning Objectives
Introduction
What is GAAP?
How this Book is Organized
How to Use this Book
Accounting Principles
Summary
Chapter 1 – Review Questions
Chapter 2 – Presentation of Financial Statements
Learning Objectives
Introduction
Related Chapters
Overview of the Presentation of Financial Statements
Presentation Disclosures
Liquidation Basis of Accounting
Liquidation Basis Disclosures
Going Concern Disclosures
Discontinued Operations
Discontinued Operations Disclosures
Summary
Chapter 2 – Review Questions
Chapter 3 – Balance Sheet
Learning Objectives
Introduction
Overview of the Balance Sheet
The Common Size Balance Sheet
The Comparative Balance Sheet
How to Construct the Balance Sheet
Offsetting
Treatment of Negative Cash
Balance Sheet Disclosures
Summary
Chapter 3 – Review Questions
Chapter 4 – Comprehensive Income
Learning Objectives
Introduction
Related Chapters
Overview of Comprehensive Income
Comprehensive Income Disclosures
Summary
Chapter 4 – Review Questions
Chapter 5 – Income Statement
Learning Objectives
Introduction
Related Chapters
Overview of the Income Statement
The Single-Step Income Statement
The Multi-Step Income Statement
The Condensed Income Statement
The Contribution Margin Income Statement
The Multi-Period Income Statement
How to Construct the Income Statement
Income Statement Disclosures
Summary
Chapter 5 – Review Questions
Chapter 6 – Statement of Cash Flows
Learning Objectives
Introduction
Overview of the Statement of Cash Flows
The Direct Method
The Indirect Method
How to Prepare the Statement of Cash Flows
Disclosures for the Statement of Cash Flows
Summary
Chapter 6 – Review Questions
Chapter 7 – Notes to Financial Statements
Learning Objectives
Introduction
Overview of Notes to Financial Statements
Summary
Chapter 7 – Review Questions
Chapter 8 – Accounting Changes and Error Corrections
Learning Objectives
Introduction
Related Chapters
Changes in Accounting Principle
Changes in Accounting Estimate
Changes in Reporting Entity
Correction of an Error in Previously Issued Financial Statements
Corrections Related to Prior Interim Periods
The Materiality of an Error
Accounting Changes and Error Corrections Disclosures
Change in Accounting Principle
Change in Accounting Estimate
Change in Reporting Entity
Error Corrections
Historical Summaries
Summary
Chapter 8 – Review Questions
Chapter 9 – Changing Prices
Learning Objectives
Introduction
Overview of Changing Prices
Inventory and Fixed Assets
Specialized Assets
Recoverable Amounts
Income from Continuing Operations
Restatement of Current Cost Information
Translation Adjustments
Purchasing Power Gains and Losses
Restatement Steps
Changing Prices Disclosures
Five-Year Summary
Other Current Year Disclosures
Other Disclosures for Mineral Resources Assets
Summary
Chapter 9 – Review Questions
Chapter 10 – Earnings per Share
Learning Objectives
Introduction
Basic Earnings per Share
Diluted Earnings per Share
Treasury Stock and Reverse Treasury Stock Methods
Treasury Stock Method
Reverse Treasury Stock Method
Disclosure of Earnings per Share
Summary
Chapter 10 – Review Questions
Chapter 11 – Interim Reporting
Learning Objectives
Introduction
Related Chapters
Overview of Interim Reporting
General Interim Reporting Rule
Variations from the Interim Reporting Rule
Changes in Accounting Principle in Interim Periods
Changes in Accounting Estimate in Interim Periods
Error Correction in Interim Periods
Adjustments to Prior Interim Periods
The Integral View
The Discrete View
Comparison of the Integral and Discrete Views
Disclosures for Interim Reporting
Summary
Chapter 11 – Review Questions
Chapter 12 – Risks and Uncertainties
Learning Objectives
Introduction
Related Chapter
Overview of Risks and Uncertainties
Risks and Uncertainties Disclosures
Summary
Chapter 12 – Review Questions
Chapter 13 – Segment Reporting
Learning Objectives
Introduction
Overview of Segment Reporting
Segment Disclosure
Segment Disclosure
Products, Services, and Customer Disclosure
Geographic Area Disclosure
Summary
Chapter 13 – Review Questions
Chapter 14 – Receivables
Learning Objectives
Introduction
Related Chapter
Notes Receivable
Acquisition, Development, and Construction Arrangements
Nonrefundable Fees and Other Costs
Loans and Debt Securities Acquired with Deteriorated Credit Quality
Troubled Debt Restructurings by Creditors
Classification of Government-Guaranteed Loans
Receivables Presentation
Receivables Disclosures
Summary
Chapter 14 – Review Questions
Chapter 15 – Investments – Debt and Equity Securities
Learning Objectives
Introduction
Related Chapters
Overview of Investments – Debt and Equity Securities
Accounting for Investments
Impairment of Investments
Equity Securities without Readily Determinable Fair Values
Dividend and Interest Income
Investment Disclosures
Summary
Chapter 15 – Review Questions
Chapter 16 – Investments – Equity Method and Joint Ventures
Learning Objectives
Introduction
The Equity Method
Partnerships, Joint Ventures, and Limited Liability Entities
Investment Disclosures
Summary
Chapter 16 – Review Questions
Chapter 17 – Inventory
Learning Objectives
Introduction
Overview of Inventory
The Periodic Inventory System
The Perpetual Inventory System
Inventory Costing
The First In, First Out Method
The Last In, First Out Method
The Weighted Average Method
Standard Costing
The Retail Inventory Method
The Gross Profit Method
Overhead Allocation
The Lower of Cost or Market Rule
Work in Process Accounting
Accounting for Obsolete Inventory
Consignment Accounting
Goods in Transit
Inventory Disclosures
Summary
Chapter 17 – Review Questions
Chapter 18 – Other Assets and Deferred Costs
Learning Objectives
Introduction
Related Chapters
Overview of Other Assets and Deferred Costs
Prepaid Expenses
Preproduction Costs for Long-Term Supply Arrangements
Capitalized Advertising Costs
Insurance Contracts that Do Not Transfer Insurance Risk
Other Assets and Deferred Costs Disclosures
Preproduction Costs for Long-Term Supply Arrangements
Capitalized Advertising Costs
Insurance Contracts that Do Not Transfer Insurance Risk
Summary
Chapter 18 – Review Questions
Chapter 19 – Intangibles – Goodwill and Other
Learning Objectives
Introduction
Related Chapters
Goodwill
Goodwill Amortization
General Intangibles Other than Goodwill
Internal-Use Software
Website Development Costs
Intangibles Disclosures
Summary
Chapter 19 – Review Questions
Chapter 20 – Property, Plant, and Equipment
Learning Objectives
Introduction
Related Chapters
Overview of Fixed Assets
Initial Fixed Asset Recognition
Fixed Assets Acquired through a Business Combination
Nonmonetary Exchanges
Depreciation and Amortization
Straight-Line Method
Sum-of-the-Years’ Digits Method
Double-Declining Balance Method
Depletion Method
Units of Production Method
Land Depreciation
Land Improvement Depreciation
Depreciation Accounting Entries
Fixed Asset Impairment
Fixed Asset Disposal
Assets Held for Sale
Abandoned Assets
Idle Assets
Fixed Asset Disposal Accounting
Fixed Asset Disclosures
General Fixed Asset Disclosures
Change in Estimate Disclosures
Intangible Asset Impairment Disclosures
Intangible Asset Disclosures
Not-for-Profit Fixed Asset Accounting
Initial Recognition of Fixed Assets
Restrictions on Contributed Assets
Valuation of Contributed Assets
Valuation of Contributed Services
Valuation of Art, Historical Treasures, and Similar Items
Depreciation of Fixed Assets
Summary
Chapter 20 – Review Questions
Chapter 21 – Liabilities
Learning Objectives
Introduction
Related Chapters
Extinguishments of Liabilities
Joint and Several Liability Arrangements
Insurance-Related Assessments
Prepaid Stored-Value Products
Liabilities Disclosures
Summary
Chapter 21 – Review Questions
Chapter 22 – Asset Retirement and Environmental Obligations
Learning Objectives
Introduction
Overview of Asset Retirement Obligations
The Initial Measurement of an Asset Retirement Obligation
Subsequent Measurement of an Asset Retirement Obligation
Settlement of an Asset Retirement Obligation
Overview of Environmental Obligations
Measurement of Environmental Obligations
Recoveries Related to Environmental Obligations
Asset Retirement and Environmental Obligations Disclosures
Asset Retirement Obligations
Environmental Obligations
Summary
Chapter 22 – Review Questions
Chapter 23 – Exit or Disposal Cost Obligations
Learning Objectives
Introduction
Overview of Exit or Disposal Cost Obligations
Exit or Disposal Cost Obligation Disclosures
Summary
Chapter 23 – Review Questions
Chapter 24 – Commitments
Learning Objectives
Introduction
Overview of Commitments
Summary
Chapter 24 – Review Questions
Chapter 25 – Contingencies
Learning Objectives
Introduction
Loss Contingencies
Gain Contingencies
Contingency Disclosures
Summary
Chapter 25 – Review Questions
Chapter 26 – Guarantees
Learning Objectives
Introduction
Overview of Guarantees
Guarantee Disclosures
Summary
Chapter 26 – Review Questions
Chapter 27 – Debt
Learning Objectives
Introduction
Related Chapter
General Debt Topics
Sales of Future Revenues
Increasing Rate Debt
Debt with Conversion and Other Options
Debt Instruments with Detachable Warrants
Convertible Securities
Beneficial Conversion Features
Interest Forfeiture
Induced Conversions
Conversion by Exercise of Call Option
Convertible Instruments Issued to Nonemployees as Payment
Contingent Conversion Option
Own-Share Lending Arrangements
Participating Mortgage Loans
Product Financing Arrangements
Debt Modifications and Extinguishments
Troubled Debt Restructurings by Debtors
Debt Presentation
Callable Debt
Classification of Debt that Includes Covenants
Debt Issuance Costs
Due on Demand Loans
Increasing-Rate Debt
Revolving Debt Agreements
Short-Term Obligations to be Refinanced
Subjective Acceleration Clauses
Own-Share Lending Arrangements
Participating Mortgage Loans
Troubled Debt Restructurings by Debtors
Debt Disclosures
Long-Term Obligations
Short-Term Obligations to be Refinanced
Own-Share Lending Arrangements
Participating Mortgage Loans
Other Debt Disclosures
Troubled Debt Restructurings by Debtors
Summary
Chapter 27 – Review Questions
Chapter 28 – Equity
Learning Objectives
Introduction
Related Chapters
Overview of Equity
The Sale of Stock
Dividend Payments
Stock Dividends and Stock Splits
Stock Dividend
Stock Split
Treasury Stock
Purchase of Treasury Stock
Resale of Treasury Stock
Cost Method
Constructive Retirement Method
Equity-Based Payments to Non-Employees
Initial Recognition
Spinoffs and Reverse Spinoffs
Equity Disclosures
Rights and Privileges
Preferred Stock
Contingently Convertible Securities
Redeemable Securities
Treasury Stock
Changes in Shareholders’ Equity
Equity-Based Payments to Non-Employees
Spinoffs and Reverse Spinoffs
Summary
Chapter 28 – Review Questions
Chapter 29 – Revenue Recognition
Learning Objectives
Introduction
The Nature of a Customer
Steps in Revenue Recognition
Step One: Link Contract to Customer
Step Two: Note Performance Obligations
Step Three: Determine Prices
Variable Consideration
Possibility of Reversal
Sales Taxes
Time Value of Money
Noncash Consideration
Payments to Customers
Refund Liabilities
Step Four: Allocate Prices to Obligations
Allocation of Price Discounts
Allocation of Variable Consideration
Subsequent Price Changes
Step Five: Recognize Revenue
Measurement of Progress Completion
Output Methods
Input Methods
Change in Estimate
Progress Measurement
Right of Return
Consistency
Contract Modifications
Treatment as Separate Contract
Treatment as Continuing Contract
Entitlement to Payment
Bill-and-Hold Arrangements
Consideration Received from a Supplier
Customer Acceptance
Customer Options for Additional Purchases
Licensing
Nonrefundable Upfront Fees
Principal versus Agent
Repurchase Agreements
Unexercised Rights of Customers
Warranties
Contract-Related Costs
Costs to Obtain a Contract
Costs to Fulfill a Contract
Amortization of Costs
Impairment of Costs
Exclusions
Revenue Disclosures
Summary
Chapter 29 – Review Questions
Chapter 30 – Compensation – General
Learning Objectives
Introduction
Related Chapters
Overview of Compensation
Compensated Absences
Deferred Compensation Arrangements
Lump-Sum Payments under Union Contracts
Compensation Disclosures
Summary
Chapter 30 – Review Questions
Chapter 31 – Compensation – Retirement Benefits
Learning Objectives
Introduction
Related Chapters
Overview of Retirement Benefits
Defined Benefit Plans
Expense Attribution for Delayed Vesting
Discount Rates
Settlements and Curtailments
Termination Benefits
Combined Pension Plans
Defined Contribution Plans
Presentation of Retirement Benefit Information
Retirement Benefit Disclosures
Defined Benefit Plan Disclosures for Public Companies
Defined Benefit Plan Disclosures for Private Companies
Disclosures for Defined Benefit Plans in Interim Periods
Disclosures for Defined Contribution Plans
Summary
Chapter 31 – Review Questions
Chapter 32 – Compensation – Stock Compensation
Learning Objectives
Introduction
Related Chapters
Overview of Stock Compensation
The Volatility Concept
Fair Value Calculation Alternatives
Awards Classified as Equity
Award Measurement Problems
Contingent Features
Award Modifications
Income Tax Effects
Awards Classified as Liabilities
Employee Share Purchase Plans
Stock-Based Compensation Disclosures
Summary
Chapter 32 – Review Questions
Chapter 33 – Other Expenses
Learning Objectives
Introduction
Related Chapter
Startup Costs
Insurance Costs
Retroactive Contracts
Claims-Made Contracts
Multiple-Year Retrospectively Rated Contracts
Contributions Made
Real and Personal Property Taxes
Advertising Costs
Electronic Equipment Waste Obligations
Business and Technology Reengineering
Other Expenses Disclosures
Insurance Cost Disclosures
Real and Personal Property Tax Disclosures
Advertising Cost Disclosures
Summary
Chapter 33 – Review Questions
Chapter 34 – Research and Development
Learning Objectives
Introduction
Related Chapters
Overview of Research and Development
Research and Development Disclosures
Summary
Chapter 34 – Review Questions
Chapter 35 – Income Taxes
Learning Objectives
Introduction
Related Chapters
Overview of Income Taxes
Accounting for Income Taxes
Tax Positions
Deferred Tax Expense
Applicable Tax Rate
Interest and Penalties
Intraperiod Tax Allocation
Taxes Related to Undistributed Earnings
Interim Reporting
Income Taxes Presentation
Income Taxes Disclosure
Balance Sheet
Income Statement
Other
Summary
Chapter 35 – Review Questions
Chapter 36 – Business Combinations
Learning Objectives
Introduction
Related Chapters
Overview of Business Combinations
Identifiable Assets and Liabilities, and Noncontrolling Interests
Goodwill or Gain from Bargain Purchase
Goodwill Calculation
Bargain Purchase
Reverse Acquisitions
Related Issues
Acquisition of Assets
Transactions between Entities under Control of Same Parent
Pushdown Accounting
Income Taxes
Business Combination Disclosures
General Disclosures
Identifiable Assets and Liabilities, and any Noncontrolling Interest
Goodwill or Gain from Bargain Purchase
Reverse Acquisitions
Transactions between Entities under Control of Same Parent
Income Taxes
Summary
Chapter 36 – Review Questions
Chapter 37 – Financial Statement Consolidation
Learning Objectives
Introduction
Related Chapter
Overview of Consolidations
Recognition of a Consolidation
Consolidation Examples
Recognition of Noncontrolling Interest
Sale of Shares by Subsidiary
Share of Accumulated Other Comprehensive Income
Full Consolidation Example
Consolidation of Variable Interest Entities
Initial Consolidation
Subsequent Consolidation
Consolidation of Leasing Entities by Private Companies
Consolidation of Contractually-Controlled Entities
Control of Partnerships
Termination of a Consolidation
Consolidation Presentation
Consolidation Disclosures
Summary
Chapter 37 – Review Questions
Chapter 38 – Derivatives and Hedging
Learning Objectives
Introduction
Other Comprehensive Income
Derivative Accounting
Hedge Accounting - General
Hedge Accounting – Fair Value Hedges
Hedge Accounting – Cash Flow Hedges
Hedge Accounting – Net Investment Hedges
Embedded Derivatives
Derivative and Hedging Disclosures
General Disclosures
Fair Value Hedge Disclosures
Cash Flow Hedge Disclosures
Summary
Chapter 38 – Review Questions
Chapter 39 – Fair Value Measurement
Learning Objectives
Introduction
The Fair Value Concept
Fair Value Differences from Actual Prices Paid
Fair Value Measurement Approaches
The Net Asset Value Variation
Fair Value Measurements for Liabilities
Use of Multiple Measurements
Fair Value Disclosures
Summary
Chapter 39 – Review Questions
Chapter 40 – Financial Instruments
Learning Objectives
Introduction
Related Chapters
Off-Balance Sheet Credit Risk
Fair Value Option
Registration Payment Arrangements
Financial Instruments Disclosures
Fair Value of Financial Instruments
Concentrations of Credit Risk of Financial Instruments
Market Risk of Financial Instruments
Fair Value Option
Registration Payment Arrangements
Separate Presentation of Financial Assets and Financial Liabilities
Summary
Chapter 40 – Review Questions
Chapter 41 – Foreign Currency Matters
Learning Objectives
Introduction
Related Chapters
Foreign Currency Transactions
Financial Statement Translation
Determination of Functional Currency
Translation of Financial Statements
Use of Average Exchange Rates
Hyperinflationary Effects
Derecognition of a Foreign Entity Investment
Foreign Currency Disclosures
Summary
Chapter 41 – Review Questions
Chapter 42 – Interest
Learning Objectives
Introduction
Overview of Capitalized Interest
Assets on Which to Capitalize Interest
Assets on Which Interest is not Capitalized
The Interest Capitalization Period
The Capitalization Rate
Calculating Interest Capitalization
Overview of Imputed Interest
Interest Disclosures
Capitalized Interest Disclosures
Imputed Interest Disclosures
Summary
Chapter 42 – Review Questions
Chapter 43 – Leases
Learning Objectives
Introduction
Related Chapter
Overview of Leases
Capital Lease Criteria
Lease Classification by Lessor
Lease Reassessment
Accounting for Leasehold Improvements
Special Lease Terms
Operating Leases
Operating Lease Treatment by Lessee
Operating Lease Treatment by Lessor
Capital Leases
Capital Lease Treatment by Lessee
Capital Lease Treatment of Sublease by Lessee
Capital Lease Treatment by Lessor (Sales-Type Lease)
Capital Lease Treatment by Lessor (Direct Financing Lease)
Capital Lease Treatment by Lessor (Leveraged Lease)
Capital Lease Treatment by Lessor (Broadly Applicable)
Sale-Leaseback Transactions
Sale-Leaseback Treatment by Lessee
Sale-Leaseback Treatment by Lessor
Lease Disclosures
Lessee Disclosures
Lessor Disclosures
Summary
Chapter 43 – Review Questions
Chapter 44 – Nonmonetary Transactions
Learning Objectives
Introduction
Related Chapter
Overview of Nonmonetary Transactions
Purchases and Sales of Inventory with the Same Counterparty
Barter Transactions
Exchanges Involving Monetary Consideration
Exchanges of a Nonfinancial Asset for a Noncontrolling Ownership Interest
Nonmonetary Transaction Disclosures
Summary
Chapter 44 – Review Questions
Chapter 45 – Related Party Disclosures
Learning Objectives
Introduction
Overview of Related Parties
Related Party Disclosures
Summary
Chapter 45 – Review Questions
Chapter 46 – Subsequent Events
Learning Objectives
Introduction
Overview of Subsequent Events
Subsequent Event Disclosures
Summary
Chapter 46 – Review Questions
Review Question Answers and Rationales
Glossary
Index
Qualified Assessment
Answer Sheet
Course Evaluation
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