Advanced financial accounting:
Gespeichert in:
| Hauptverfasser: | , , |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
New York [u.a.]
McGraw-Hill
1996
|
| Ausgabe: | 3. ed. |
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | XXVIII, 1299 S. graph. Darst. |
| ISBN: | 0070054142 |
Internformat
MARC
| LEADER | 00000nam a2200000 c 4500 | ||
|---|---|---|---|
| 001 | BV011346725 | ||
| 003 | DE-604 | ||
| 005 | 00000000000000.0 | ||
| 007 | t | ||
| 008 | 970520s1996 d||| |||| 00||| eng d | ||
| 020 | |a 0070054142 |9 0-07-005414-2 | ||
| 035 | |a (OCoLC)33132505 | ||
| 035 | |a (DE-599)BVBBV011346725 | ||
| 040 | |a DE-604 |b ger |e rakddb | ||
| 041 | 0 | |a eng | |
| 049 | |a DE-739 | ||
| 050 | 0 | |a HF5635 | |
| 082 | 0 | |a 657/.046 |2 20 | |
| 084 | |a QP 820 |0 (DE-625)141943: |2 rvk | ||
| 100 | 1 | |a Baker, Richard E. |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a Advanced financial accounting |c Richard E. Baker ; Valdean C. Lembke ; Thomas E. King |
| 250 | |a 3. ed. | ||
| 264 | 1 | |a New York [u.a.] |b McGraw-Hill |c 1996 | |
| 300 | |a XXVIII, 1299 S. |b graph. Darst. | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
| 650 | 7 | |a Boekhouden |2 gtt | |
| 650 | 4 | |a Accounting | |
| 650 | 0 | 7 | |a Rechnungswesen |0 (DE-588)4048732-5 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Konzern |0 (DE-588)4032356-0 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Rechnungslegung |0 (DE-588)4128343-0 |2 gnd |9 rswk-swf |
| 651 | 7 | |a USA |0 (DE-588)4078704-7 |2 gnd |9 rswk-swf | |
| 655 | 7 | |0 (DE-588)4123623-3 |a Lehrbuch |2 gnd-content | |
| 689 | 0 | 0 | |a USA |0 (DE-588)4078704-7 |D g |
| 689 | 0 | 1 | |a Konzern |0 (DE-588)4032356-0 |D s |
| 689 | 0 | 2 | |a Rechnungslegung |0 (DE-588)4128343-0 |D s |
| 689 | 0 | |8 1\p |5 DE-604 | |
| 689 | 1 | 0 | |a Rechnungswesen |0 (DE-588)4048732-5 |D s |
| 689 | 1 | |8 2\p |5 DE-604 | |
| 700 | 1 | |a Lembke, Valdean C. |e Verfasser |4 aut | |
| 700 | 1 | |a King, Thomas E. |e Verfasser |4 aut | |
| 856 | 4 | 2 | |m HBZ Datenaustausch |q application/pdf |u http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=007624339&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |3 Inhaltsverzeichnis |
| 999 | |a oai:aleph.bib-bvb.de:BVB01-007624339 | ||
| 883 | 1 | |8 1\p |a cgwrk |d 20201028 |q DE-101 |u https://d-nb.info/provenance/plan#cgwrk | |
| 883 | 1 | |8 2\p |a cgwrk |d 20201028 |q DE-101 |u https://d-nb.info/provenance/plan#cgwrk | |
Datensatz im Suchindex
| _version_ | 1804125856116768768 |
|---|---|
| adam_text | CONTENTS
Preface xxiii
1 Corporate Expansion and Accounting for Business Combinations 1
THE DEVELOPMENT OF MULTICORPORATE ENTITIES 2
Reasons for Corporate Expansion 2
Forms of Corporate Expansion 2
Frequency of Business Combinations and Multicorporate Entities 4
EXPANSION THROUGH BUSINESS COMBINATIONS 5
Types of Business Combinations 5
Methods of Effecting Business Combinations 6
Valuation of Business Entities 7
ACCOUNTING AND REPORTING ALTERNATIVES 9
PURCHASE ACCOUNTING 10
Nature of Purchase Treatment 10
Determining the Purchase Price 10
Combination Effected through Purchase of Net Assets 11
Combination Effected through Purchase of Stock 16
Financial Reporting Subsequent to a Purchase 17
Disclosure Requirements 17
POOLING OF INTERESTS ACCOUNTING 18
Nature of Pooling Treatment 19
Distinguishing Characteristics of Pooling 20
Combination Effected through Acquisition of Net Assets 20
Differences in Total Par Value 22
vii
Viii CONTENTS
Combination Effected through Acquisition of Stock 26
Financial Reporting Subsequent to a Pooling 27
Disclosure Requirements 28
SUMMARY ILLUSTRATION OF PURCHASE AND
POOLING ACCOUNTING 28
Purchase Accounting 29
Pooling of Interests Accounting 30
Earnings Subsequent to Combination 32
ADDITIONAL CONSIDERATIONS—CRITERIA FOR POOLING
OF INTERESTS 32
Attributes of the Combining Companies 33
Manner of Combining Interests 33
Absence of Planned Transactions 36
SUMMARY OF KEY CONCEPTS AND TERMS 36
2 Reporting Intercorporate Investments in Common Stock 62
METHODS OF REPORTING INVESTMENTS IN COMMON STOCK 62
THE COST METHOD 64
Accounting Procedures under the Cost Method 64
Declaration of Dividends in Excess of Earnings since Acquisition 65
Acquisition at Interim Date 66
Changes in the Number of Shares Held 67
THE EQUITY METHOD 67
Use of the Equity Method 67
Investor s Equity in the Investee 68
Recognition of Income 69
Recognition of Dividends 69
Carrying Amount of the Investment 69
Acquisition at Interim Date 70
Difference between Cost of Investment and Underlying Book Value 71
Changes in the Number of Shares Held 74
THE COST AND EQUITY METHODS COMPARED 76
EVALUATION OF THE COST AND EQUITY METHODS 77
VALUATION OF INTERCORPORATE INVESTMENTS 81
Equity Securities with Readily Determinable Fair Values 81
Investments in Debt Securities 82
Impairment of Value 82
Valuation of Equity Investments Illustrated 83
ADDITIONAL CONSIDERATIONS RELATING TO THE EQUITY METHOD 85
Determination of Significant Influence 85
Unrealized Intercompany Profits 85
Additional Requirements of APB 18 87
Tax Allocation Procedures 88
Accounting for Investments in Subsidiaries 90
Accounting for Investments under Pooling of Interests Procedures 91
CONTENTS iX
SUMMARY OF KEY CONCEPTS AND TERMS 94
3 The Reporting Entity and Consolidated Financial Statements 120
USEFULNESS OF CONSOLIDATED FINANCIAL STATEMENTS 121
Long Term Investors 121
Parent Company Management 122
Other Interested Parties 122
LIMITATIONS OF CONSOLIDATED FINANCIAL STATEMENTS 122
SUBSIDIARY FINANCIAL STATEMENTS 123
THE CONSOLIDATED REPORTING DECISION: CONCEPTS
AND STANDARDS 123
The Changing Concept of the Reporting Entity 124
Control 124
Indirect Control 125
Ability to Exercise Control 126
Permanence of Control 126
Differences in Fiscal Periods and Accounting Methods 126
OVERVIEW OF THE CONSOLIDATION PROCESS 127
THE CONSOLIDATION PROCESS ILLUSTRATED 127
The Consolidated Entity 128
Mechanics of the Consolidation Process 132
NONCONTROLLING INTEREST 133
EFFECT OF PURCHASE VERSUS POOLING
ACCOUNTING ON CONSOLIDATION 134
COMBINED FINANCIAL STATEMENTS 135
ADDITIONAL CONSIDERATIONS—THEORIES OF CONSOLIDATION 135
Proprietary Theory 136
Parent Company Theory 137
Entity Theory 139
Current Practice 140
SUMMARY OF KEY CONCEPTS AND TERMS 140
APPENDIX A: THEORIES OF CONSOLIDATION ILLUSTRATED 141
ILLUSTRATION OF THE EFFECTS OF DIFFERENT APPROACHES 144
NET ASSETS RECOGNIZED AT ACQUISITION 145
ELIMINATION OF UNREALIZED PROFITS 145
CONSOLIDATED NET INCOME 146
NONCONTROLLING INTEREST 146
APPENDIX B: ACCOUNTING FOR INTERCORPORATE INVESTMENTS 147
4 Consolidation as of the Date of Acquisition 165
CONSOLIDATION WORKPAPERS 166
Workpaper Format 166
Nature of Eliminating Entries 167
X CONTENTS
PREPARATION OF CONSOLIDATED BALANCE SHEET IMMEDIATELY
FOLLOWING ACQUISITION OF FULL OWNERSHIP 167
Full Ownership Purchased at Book Value 168
Full Ownership Purchased at More than Book Value 171
Treatment of a Positive Differential 173
Illustration of Treatment of Debit Differential 176
Full Ownership Purchased at Less than Book Value 179
Illustration of Treatment of Credit Differential 180
Ownership Purchased at More than Book Value and Less than
Fair Value 182
PREPARATION OF CONSOLIDATED BALANCE SHEET IMMEDIATELY
FOLLOWING ACQUISITION OF CONTROLLING INTEREST 183
Controlling Ownership Purchased at Book Value 183
Controlling Ownership Purchased at More than Book Value 185
Illustration of Treatment of Debit Differential 186
Controlling Ownership Purchased at Less than Book Value 188
EFFECT OF COST VERSUS EQUITY ON CONSOLIDATION 188
INTERCORPORATE RECEIVABLES AND PAYABLES 188
ADDITIONAL CONSIDERATIONS 189
Asset and Liability Valuation Accounts at Acquisition 189
Negative Retained Earnings of Subsidiary at Acquisition 191
Other Stockholders Equity Accounts 191
Push Down Accounting 192
SUMMARY OF KEY CONCEPTS AND TERMS 193
5 Consolidation Following Acquisition 213
OVERVIEW OF THE CONSOLIDATION PROCESS 213
Consolidated Net Income 214
Consolidated Retained Earnings 215
Workpaper Format 218
CONSOLIDATION—100 PERCENT OWNERSHIP 218
Year of Combination 220
Second and Subsequent Years of Ownership 224
CONSOLIDATION—CONTROLLING OWNERSHIP PURCHASED AT
BOOK VALUE 226
Year of Combination 227
Second Year of Ownership 230
CONSOLIDATION—CONTROLLING OWNERSHIP PURCHASED AT
MORE THAN BOOK VALUE 233
Year of Combination 233
Second Year of Ownership 239
CONSOLIDATION FOLLOWING AN INTERIM ACQUISITION 244
Parent Company Entries 246
Consolidation Workpaper 247
CONTENTS Xi
DISCONTINUANCE OF CONSOLIDATION 250
ADDITIONAL CONSIDERATIONS RELATING TO THE ASSIGNMENT
OF DIFFERENTIAL 250
Disposal of Differential Related Assets by Subsidiary 250
Differential Assigned to Liabilities 252
SUMMARY OF KEY CONCEPTS AND TERMS 253
APPENDIX A: CONSOLIDATION AND THE COST METHOD 254
IMPACT ON THE CONSOLIDATION PROCESS 254
CONSOLIDATION—YEAR OF COMBINATION 254
Parent Company Cost Method Entries 254
Consolidation Workpaper—Year of Combination 255
CONSOLIDATION—SECOND YEAR OF OWNERSHIP 257
Parent Company Cost Method Entry 257
Consolidation Workpaper—Second Year Following Combination 257
Consolidated Retained Earnings 261
APPENDIX B: PUSH DOWN ACCOUNTING ILLUSTRATED 262
WORKPAPER REVALUATION 262
PUSH DOWN ACCOUNTING 263
6 Intercorporate Transfers: Noncurrent Assets 295
OVERVIEW OF THE CONSOLIDATED ENTITY 295
Elimination of Intercorporate Transfers 296
Elimination of Unrealized Profits and Losses 297
ASSET TRANSFERS INVOLVING LAND 299
Overview of the Profit Elimination Process 299
Assignment of Unrealized Profit Elimination 301
Downstream Sale 303
Upstream Sale 307
Eliminating Unrealized Profits after the First Year 311
Subsequent Disposition of Asset 312
ASSET TRANSFERS INVOLVING DEPRECIABLE ASSETS 314
Downstream Sale 314
Change in Estimated Life of Asset Sold to Subsidiary 324
Upstream Sale 326
Asset Transfers before Year End 333
ASSET TRANSFERS INVOLVING AMORTIZABLE ASSETS 333
SUMMARY OF KEY CONCEPTS AND TERMS 333
APPENDIX: INTERCORPORATE TRANSFERS OF NONCURRENT
ASSETS—FULLY ADJUSTED EQUITY METHOD AND COST METHOD 334
FULLY ADJUSTED EQUITY METHOD 334
Fully Adjusted Equity Method Entries—19X1 335
Xii CONTENTS
Consolidation Workpaper— 19X1 336
Fully Adjusted Equity Method Entries—19X2 338
Consolidation Workpaper—19X2 339
COST METHOD 341
Consolidation Workpaper—19X1 341
Consolidation Workpaper—19X2 343
7 Intercompany Inventory Transactions 366
GENERAL OVERVIEW 366
Transfers at Cost 367
Transfers at a Profit or Loss 366
Effect of Type of Inventory System 368
DOWNSTREAM SALE—PERPETUAL INVENTORY SYSTEM 368
Resale in Period of Intercorporate Transfer 369
Resale in Period following Intercorporate Transfer 370
Inventory Held Two or More Periods 378
UPSTREAM SALE—PERPETUAL INVENTORY SYSTEM 378
Basic Equity Method Entries—19X1 379
Consolidation Workpaper—19X1 380
Consolidated Net Income—19X1 382
Basic Equity Method Entries—19X2 382
Consolidation Workpaper—19X2 383
Consolidated Net Income—19X2 383
SUMMARY COMPARISON OF INTERCOMPANY INVENTORY
TRANSACTIONS 385
ADDITIONAL CONSIDERATIONS 385
Sale from One Subsidiary to Another 385
Costs Associated with Transfers 387
Lower of Cost or Market 387
Sales and Purchases before Affiliation 388
SUMMARY OF KEY CONCEPTS AND TERMS 388
APPENDIX A: INTERCOMPANY TRANSFERS UNDER A PERIODIC
INVENTORY SYSTEM 389
Resale in Period of Intercorporate Transfer 389
Resale in Period following Intercorporate Transfer 390
Inventory Held Two or More Periods 396
SUMMARY COMPARISON OF PERPETUAL AND PERIODIC
INTERCOMPANY INVENTORY SYSTEMS 396
APPENDIX B: INTERCOMPANY INVENTORY TRANSACTIONS—FULLY
ADJUSTED EQUITY METHOD AND COST METHOD 396
FULLY ADJUSTED EQUITY METHOD 396
Fully Adjusted Equity Method Entries—19X1 399
CONTENTS XiM
Consolidation Elimination Entries—19X1 399
Fully Adjusted Equity Method Entries—19X2 400
Investment Account Balance 400
Consolidation Elimination Entries—19X2 401
COST METHOD 402
Consolidation Elimination Entries—19X1 402
Consolidation Elimination Entries—19X2 403
8 Intercompany Indebtedness 430
CONSOLIDATION OVERVIEW 430
BOND SALE DIRECTLY TO AN AFFILIATE 432
Transfer at Par Value 432
Transfer at a Discount or Premium 433
BONDS OF AFFILIATE PURCHASED FROM A NONAFFILIATE 436
Purchase at Book Value 436
Purchase at an Amount Less than Book Value 436
Purchase at an Amount Greater than Book Value 450
ADDITIONAL CONSIDERATIONS—INTERCORPORATE
LEASING TRANSACTIONS 451
Operating Leases 452
Direct Financing Leases 452
Sales Type Leases 454
SUMMARY OF KEY CONCEPTS AND TERMS 457
APPENDIX: INTERCOMPANY INDEBTEDNESS—FULLY ADJUSTED
EQUITY METHOD AND COST METHOD 457
FULLY ADJUSTED EQUITY METHOD 458
Fully Adjusted Equity Method Entries—19X1 458
Consolidation Elimination Entries—19X1 458
Fully Adjusted Equity Method Entries—19X2 459
Investment Account—19X2 460
Consolidation Elimination Entries—19X2 460
COST METHOD 461
Consolidation Elimination Entries—19X1 461
Consolidation Elimination Entries—19X2 462
9 Consolidation Ownership Issues 484
SUBSIDIARY PREFERRED STOCK OUTSTANDING 484
Consolidation with Subsidiary Preferred Stock Outstanding 485
Subsidiary Preferred Stock Held by Parent 486
Subsidiary Preferred Stock with Special Provisions 489
Illustration of Subsidiary Preferred Stock with Special Features 489
CHANGES IN PARENT COMPANY OWNERSHIP 492
Parent s Purchase of Additional Shares from Nonaffiliate 492
Xiv CONTENTS
Parent s Sale of Subsidiary Shares to Nonaffiliate 494
Subsidiary s Sale of Additional Shares to Nonaffiliate 498
Subsidiary s Sale of Additional Shares to Parent 501
Subsidiary s Purchase of Shares from Nonaffiliate 503
Subsidiary s Purchase of Shares from Parent 505
COMPLEX OWNERSHIP STRUCTURES 506
Multilevel Ownership and Control 507
Reciprocal Ownership 513
SUBSIDIARY STOCK DIVIDENDS 518
Illustration of Subsidiary Stock Dividends 518
Impact on Subsequent Periods 519
SUMMARY OF KEY CONCEPTS AND TERMS 520
APPENDIX: ILLUSTRATION OF CONSOLIDATED NET INCOME
COMPUTATION IN A COMPLEX OWNERSHIP SITUATION 521
10 Additional Consolidation Reporting Issues 542
CONSOLIDATED STATEMENT OF CASH FLOWS 542
Preparation of a Consolidated Cash Flow Statement 542
Consolidated Cash Flow Statement Illustrated 543
CONSOLIDATION FOLLOWING A POOLING OF INTERESTS 546
Carryforward of Account Balances 547
Consolidated Stockholders Equity after a Pooling of Interests 547
Consolidation at Date of Combination 548
Consolidation Subsequent to Date of Combination 549
Consolidation Following an Interim Acquisition 550
CONSOLIDATION INCOME TAX ISSUES 553
Allocating Tax Expense When a Consolidated Return Is Filed 555
Tax Effects of Unrealized Intercompany Profit Eliminations 556
CONSOLIDATED EARNINGS PER SHARE 561
Computation of Consolidated Earnings per Share 562
Computation of Consolidated Earnings per Share Illustrated 563
SUMMARY OF KEY CONCEPTS AND TERMS 566
11 Accounting for Branch Operations 594
DISTINCTION BETWEEN SALES AGENCY AND BRANCH 594
ACCOUNTING SYSTEMS AND THE ACCOUNTING ENTITY 595
ACCOUNTING FOR SALES AGENCIES 596
ACCOUNTING FOR BRANCH OPERATIONS 596
Intracompany Accounts 597
Establishment of Branch 598
Recognition of Branch Income 599
Merchandise Shipments to a Branch 600
Accounting for Branch Fixed Assets 603
CONTENTS XV
Apportionment of Expenses 605
Financial Statements for the Company as a Whole 606
Accounting for Branch Operations Illustrated 608
ADDITIONAL CONSIDERATIONS 613
Transactions between Branches 613
Unrealized Profits in Beginning Branch Inventory 615
Use of a Periodic Inventory System 615
Divisional Reporting 616
SUMMARY OF KEY CONCEPTS AND TERMS 617
12 Multinational Accounting: Foreign Currency Transactions 632
THE ACCOUNTING ISSUES 633
FOREIGN CURRENCY EXCHANGE RATES 634
The Determination of Exchange Rates 634
Direct versus Indirect Exchange Rates 635
Changes in Exchange Rates 637
Spot Rates versus Current Rates 639
Forward Exchange Rates 639
FOREIGN CURRENCY TRANSACTIONS 640
Foreign Currency Import and Export Transactions 642
Forward Exchange Contracts 646
Foreign Exchange Matrix 659
ADDITIONAL CONSIDERATIONS 659
Interperiod Tax Allocation for Foreign Currency Gains (Losses) 659
Hedges of a Net Investment in a Foreign Entity 660
Other Financial Instruments Often Used by Multinational Enterprises 660
SUMMARY OF KEY CONCEPTS AND TERMS 662
13 Multinational Accounting: Translation of Foreign Entity Statements 683
DIFFERENCES IN ACCOUNTING PRINCIPLES 684
DETERMINING THE FUNCTIONAL CURRENCY 685
Functional Currency Designation in Highly Inflationary Economies 686
TRANSLATION VERSUS REMEASUREMENT OF FOREIGN FINANCIAL
STATEMENTS 687
TRANSLATION OF FUNCTIONAL CURRENCY STATEMENTS INTO THE
REPORTING CURRENCY OF THE U.S. COMPANY 689
Balance Sheet Presentation of Cumulative Translation Adjustment 690
Illustration of Translation and Consolidation of a Foreign Subsidiary 690
REMEASUREMENT OF THE BOOKS OF RECORD INTO THE
FUNCTIONAL CURRENCY 702
Statement Presentation of Remeasurement Gain or Loss 703
Illustration of Remeasurement of a Foreign Subsidiary 704
Summary of Translation versus Remeasurement 708
XVi CONTENTS
FOREIGN INVESTMENTS AND UNCONSOLIDATED SUBSIDIARIES 709
Liquidation of a Foreign Investment 710
DISCLOSURE REQUIREMENTS 710
ADDITIONAL CONSIDERATIONS IN ACCOUNTING FOR FOREIGN
OPERATIONS AND ENTITIES 711
Proof of Remeasurement Exchange Gain 712
Statement of Cash Flows 714
Lower of Cost or Market Inventory Valuation under Remeasurement 714
Intercompany Transactions 715
Income Taxes 717
Translation when a Third Currency Is the Functional Currency 717
SUMMARY OF KEY CONCEPTS AND TERMS 718
14 Segment and Interim Reporting 745
REPORTING FOR SEGMENTS 745
SEGMENT REPORTING ACCOUNTING ISSUES 745
INFORMATION ABOUT OPERATIONS IN DIFFERENT INDUSTRIES 747
Defining Reportable Segments 747
Comprehensive Disclosure Tests 756
Reporting Segment Information 758
INFORMATION ABOUT FOREIGN OPERATIONS AND EXPORT SALES 760
Defining Reportable Foreign Operations 760
Required Foreign Operations Disclosures 763
Reporting Export Sales 764
INFORMATION ABOUT MAJOR CUSTOMERS 764
INTERIM FINANCIAL REPORTING 765
THE FORMAT OF THE INTERIM FINANCIAL REPORT 765
ACCOUNTING ISSUES 766
Discrete versus Integral View of Interim Reporting 766
Accounting Pronouncements on Interim Reporting 767
REPORTING STANDARDS FOR INTERIM INCOME STATEMENTS 767
Revenue 768
Cost of Goods Sold and Inventory 769
All Other Costs and Expenses 773
Accounting for Income Taxes in Interim Periods 775
Disposal of a Segment or Extraordinary, Unusual, Infrequently
Occurring, and Contingent Items 779
ACCOUNTING CHANGES IN INTERIM PERIODS 780
Cumulative Effect Accounting Changes 780
Retroactive Type Accounting Changes 780
Adoption of LIFO 780
SUMMARY OF KEY CONCEPTS AND TERMS 781
CONTENTS XVii
15 SEC Reporting 807
HISTORY OF SECURITIES REGULATION 807
SECURITIES AND EXCHANGE COMMISSION 809
Organizational Structure of the Commission 809
Laws Administered by the SEC 810
The Regulatory Structure 810
INTEGRATED DISCLOSURE SYSTEM 812
ISSUING SECURITIES: THE REGISTRATION PROCESS 814
The Registration Statement 815
SEC Review and Public Offering 815
Accountants Legal Liability in the Registration Process 816
PERIODIC REPORTING REQUIREMENTS 816
Accountants Legal Liability in Periodic Reporting 818
FOREIGN CORRUPT PRACTICES ACT OF 1977 818
CORPORATE GOVERNANCE ACTIVITIES 819
THE SEC S POLICY SETTING RESPONSIBILITIES 820
MAJOR DISCLOSURE REQUIREMENTS 822
Management Discussion and Analysis 822
Annual Report Disclosures 823
Specialized Industry Disclosures 825
Information outside Financial Statements 827
ADDITIONAL CONSIDERATIONS 828
Influence on the Practice of Auditing 828
AlCPA s Division of Firms 828
SUMMARY OF KEY CONCEPTS AND TERMS 829
16 Partnerships: Formation, Operation, and Changes in Membership 843
NATURE OF PARTNERSHIP ENTITY 844
Definition of a Partnership 844
Formation of a Partnership 844
Other Major Characteristics of Partnerships 845
ACCOUNTING FOR THE FORMATION OF A PARTNERSHIP 846
Illustration of Accounting for Partnership Formation 847
ACCOUNTING FOR OPERATIONS OF A PARTNERSHIP 848
Partner s Accounts 848
ALLOCATING PROFIT OR LOSS TO PARTNERS 849
Illustrations of Profit Allocation 850
Multiple Bases of Profit Allocation 854
Special Profit Allocation Methods 855
PARTNERSHIP FINANCIAL STATEMENTS 855
CHANGES IN MEMBERSHIP 856
New Partner Purchases an Interest 857
New Partner Invests in Partnership 859
xviii contents
Determining a New Partner s Investment Cost 873
Retirement of a Partner from the Partnership 874
SUMMARY OF KEY CONCEPTS AND TERMS 876
APPENDIX A: TAX ASPECTS OF A PARTNERSHIP 877
TAX BASIS OF ASSET INVESTMENTS 877
SUBCHAPTER S CORPORATIONS 878
APPENDIX B: JOINT VENTURES 879
17 Partnerships: Liquidation 905
OVERVIEW OF PARTNERSHIP LIQUIDATIONS 905
Dissolution, Termination, and Liquidation of a Partnership 906
Priority of Claims 907
LUMP SUM LIQUIDATIONS 910
Realization of Assets 910
Expenses of Liquidation 911
Illustration of Lump Sum Liquidation 911
INSTALLMENT LIQUIDATIONS 917
Illustration of Installment Liquidation 917
Cash Distribution Plan 922
ADDITIONAL CONSIDERATIONS 925
Incorporation of a Partnership 925
SUMMARY OF KEY CONCEPTS AND TERMS 928
APPENDIX: PARTNERS PERSONAL FINANCIAL STATEMENTS 929
ILLUSTRATION OF PERSONAL FINANCIAL STATEMENTS 931
Statement of Financial Condition 931
Statement of Changes in Net Worth 931
Footnote Disclosures 932
18 Governmental Entities: Introduction and General Fund Accounting 954
EXPENDABILITY OF RESOURCES VERSUS CAPITAL MAINTENANCE
OBJECTIVES 955
FINANCIAL REPORTING OF GOVERNMENTAL ENTITIES 956
HISTORY OF GOVERNMENTAL ACCOUNTING 957
DEFINITIONS AND TYPES OF FUNDS 958
Types of Funds and Account Groups 959
MEASUREMENT FOCUS AND BASIS OF ACCOUNTING 963
Basis of Accounting—Governmental Funds 964
Basis of Accounting—Proprietary Funds 967
Basis of Accounting—Fiduciary Funds 967
BUDGETARY ASPECTS OF GOVERNMENT OPERATIONS 967
Recording the Operating Budget 968
CONTENTS XiX
ACCOUNTING FOR EXPENDITURES 969
The Expenditure Process 969
Classification of Expenditure Transactions and Accounts 972
Outstanding Encumbrances at End of Fiscal Period 972
Expenditures for Inventory 977
Accounting for Fixed Assets 979
Long Term Debt and Capital Leases 981
INTERFUND TRANSFERS AND TRANSACTIONS 982
Quasi External Transactions 982
Reimbursements 983
Financing Transactions: Loans and Advances 984
Operating Transfers 984
Residual Equity Transfers 985
OVERVIEW OF ACCOUNTING AND FINANCIAL REPORTING FOR
GENERAL FUND 986
COMPREHENSIVE ILLUSTRATION OF ACCOUNTING FOR THE
GENERAL FUND 987
Adoption of the Budget 987
Property Tax Levy and Collection 989
Other Revenue 990
Expenditures 990
Acquisition of Capital Asset 991
Interfund Transfers and Transactions 992
Adjusting Entries 993
Closing Entries 993
Financial Statements for the General Fund 995
SUMMARY OF KEY CONCEPTS AND TERMS 998
19 Governmental Entities: Special Funds and Account Groups 1023
SPECIAL REVENUE FUNDS 1025
CAPITAL PROJECTS FUNDS 1025
Illustration of Transactions 1027
Financial Statements for Capital Projects Funds 1030
DEBT SERVICE FUNDS 1030
Illustration of Transactions 1032
Financial Statements for Debt Service Funds 1035
GENERAL FIXED ASSETS ACCOUNT GROUP (GFAAG) 1035
Illustration of Accounting in General Fixed Assets Account Group 1037
Financial Statement for General Fixed Assets Account Group 1039
GENERAL LONG TERM DEBT ACCOUNT GROUP (GLTDAG) 1039
Illustration of Accounting in General Long Term Debt Account Group 1040
Financial Statement for General Long Term Debt Account Group 1042
ENTERPRISE FUNDS 1042
Illustration of Transactions 1043
XX CONTENTS
Financial Statements for Enterprise Funds 1045
INTERNAL SERVICE FUNDS 1048
Illustration of Transactions 1048
Financial Statements for Internal Service Funds 1050
TRUST FUNDS 1050
Illustration of Nonexpendable Trust Fund 1050
Illustration of Expendable Trust Fund 1053
Financial Statements for the Trust Funds 1054
AGENCY FUNDS 1056
Illustration of Transactions in an Agency Fund 1057
FINANCIAL REPORTING FOR A GOVERNMENT UNIT 1057
The Financial Reporting Pyramid 1058
The Reporting Entity 1059
General Purpose Financial Statements (GPFS) 1063
Comprehensive Annual Financial Report (CAFR) 1063
Interim Reporting 1064
Auditing Government Entities 1064
ADDITIONAL CONSIDERATIONS 1065
Accounting for Pension Trust Funds 1065
SUMMARY OF KEY CONCEPTS AND TERMS 1066
APPENDIX: OTHER GOVERNMENTAL ENTITIES—PUBLIC SCHOOL
SYSTEMS AND THE FEDERAL GOVERNMENT 1066
PUBLIC SCHOOL SYSTEMS 1067
Accounting and Financial Reporting for Public School Systems 1067
FEDERAL GOVERNMENT ACCOUNTING 1067
Federal Agency Accounting 1069
Audits of Federal Agencies 1070
20 Not For Profit Entities: Colleges and Universities 1098
OVERVIEW OF ACCOUNTING FOR COLLEGES AND UNIVERSITIES 1098
Fund Structure for Colleges and Universities 1099
UNRESTRICTED CURRENT FUND 1100
Special Conventions of Revenue and Expenditure Recognition 1102
Transfers and Board Designated Funds 1103
Investments 1104
Contributions 1104
Depreciation 1105
Illustration of Transactions 1106
RESTRICTED CURRENT FUND 1114
Illustration of Transactions 1115
Financial Statements for the Restricted Current Fund 1117
LOAN FUNDS 1119
Illustration of Transactions 1119
CONTENTS XXi
ENDOWMENT AND SIMILAR FUNDS 1121
Illustration of Transactions 1123
ANNUITY AND LIFE INCOME FUNDS 1125
Illustration of Transactions 1126
PLANT FUNDS 1128
Depreciation 1130
Illustration of Transactions in Unexpended Plant Fund 1130
Illustration of Transactions in Renewals and Replacements 1133
Illustration of Transactions in Retirement of Indebtedness 1134
Illustration of Transactions in Investment in Plant 1136
AGENCY FUNDS 1138
Illustration of Transactions 1139
FINANCIAL REPORTING FOR A PUBLIC UNIVERSITY 1139
FINANCIAL REPORTING FOR A PRIVATE UNIVERSITY 1142
SUMMARY OF KEY CONCEPTS AND TERMS 1143
21 Not For Profit Entities: Health Care Providers, Voluntary Health and
Welfare Organizations, and Other Entities 1168
HEALTH CARE PROVIDERS 1168
Hospital Accounting 1169
Financial Statements for a Hospital 1172
Comprehensive Illustration of Hospital Accounting and
Financial Reporting 1175
Temporarily Restricted Funds 1183
Summary of Hospital Accounting and Financial Reporting 1187
VOLUNTARY HEALTH AND WELFARE ORGANIZATIONS 1188
Accounting for a VHWO 1188
Financial Statements for a VHWO 1189
Summary of Accounting and Financial Reporting for VHWOs 1198
OTHER NOT FOR PROFIT ENTITIES 1200
Accounting for ONPOs 1200
Financial Statements of ONPOs 1201
Summary of Accounting and Financial Reporting for ONPOs 1204
SUMMARY OF KEY CONCEPTS AND TERMS 1204
22 Corporations in Financial Difficulty 1228
COURSES OF ACTION 1229
Nonjudicial Actions 1229
Judicial Actions 1230
CREDITOR ACCOUNTING FOR IMPAIRED LOANS 1232
TROUBLED DEBT RESTRUCTURINGS 1234
Illustration of Troubled Debt Restructurings 1236
Other Considerations 1243
XXii CONTENTS
CHAPTER 11 REORGANIZATIONS 1244
Fresh Start Accounting 1245
Plan of Reorganization 1246
Illustration of a Reorganization 1247
CHAPTER 7 LIQUIDATIONS 1256
CLASSES OF CREDITORS 1257
Statement of Affairs 1259
ADDITIONAL CONSIDERATIONS 1261
Trustee Accounting and Reporting 1261
Bankruptcy Provisions for Individuals 1267
SUMMARY OF KEY CONCEPTS AND TERMS 1269
Index 1289
|
| any_adam_object | 1 |
| author | Baker, Richard E. Lembke, Valdean C. King, Thomas E. |
| author_facet | Baker, Richard E. Lembke, Valdean C. King, Thomas E. |
| author_role | aut aut aut |
| author_sort | Baker, Richard E. |
| author_variant | r e b re reb v c l vc vcl t e k te tek |
| building | Verbundindex |
| bvnumber | BV011346725 |
| callnumber-first | H - Social Science |
| callnumber-label | HF5635 |
| callnumber-raw | HF5635 |
| callnumber-search | HF5635 |
| callnumber-sort | HF 45635 |
| callnumber-subject | HF - Commerce |
| classification_rvk | QP 820 |
| ctrlnum | (OCoLC)33132505 (DE-599)BVBBV011346725 |
| dewey-full | 657/.046 |
| dewey-hundreds | 600 - Technology (Applied sciences) |
| dewey-ones | 657 - Accounting |
| dewey-raw | 657/.046 |
| dewey-search | 657/.046 |
| dewey-sort | 3657 246 |
| dewey-tens | 650 - Management and auxiliary services |
| discipline | Wirtschaftswissenschaften |
| edition | 3. ed. |
| format | Book |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>01996nam a2200517 c 4500</leader><controlfield tag="001">BV011346725</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="005">00000000000000.0</controlfield><controlfield tag="007">t</controlfield><controlfield tag="008">970520s1996 d||| |||| 00||| eng d</controlfield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">0070054142</subfield><subfield code="9">0-07-005414-2</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)33132505</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)BVBBV011346725</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield><subfield code="e">rakddb</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-739</subfield></datafield><datafield tag="050" ind1=" " ind2="0"><subfield code="a">HF5635</subfield></datafield><datafield tag="082" ind1="0" ind2=" "><subfield code="a">657/.046</subfield><subfield code="2">20</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">QP 820</subfield><subfield code="0">(DE-625)141943:</subfield><subfield code="2">rvk</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Baker, Richard E.</subfield><subfield code="e">Verfasser</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Advanced financial accounting</subfield><subfield code="c">Richard E. Baker ; Valdean C. Lembke ; Thomas E. King</subfield></datafield><datafield tag="250" ind1=" " ind2=" "><subfield code="a">3. ed.</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">New York [u.a.]</subfield><subfield code="b">McGraw-Hill</subfield><subfield code="c">1996</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">XXVIII, 1299 S.</subfield><subfield code="b">graph. Darst.</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">n</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">nc</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">Boekhouden</subfield><subfield code="2">gtt</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Accounting</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Rechnungswesen</subfield><subfield code="0">(DE-588)4048732-5</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Konzern</subfield><subfield code="0">(DE-588)4032356-0</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Rechnungslegung</subfield><subfield code="0">(DE-588)4128343-0</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="651" ind1=" " ind2="7"><subfield code="a">USA</subfield><subfield code="0">(DE-588)4078704-7</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="655" ind1=" " ind2="7"><subfield code="0">(DE-588)4123623-3</subfield><subfield code="a">Lehrbuch</subfield><subfield code="2">gnd-content</subfield></datafield><datafield tag="689" ind1="0" ind2="0"><subfield code="a">USA</subfield><subfield code="0">(DE-588)4078704-7</subfield><subfield code="D">g</subfield></datafield><datafield tag="689" ind1="0" ind2="1"><subfield code="a">Konzern</subfield><subfield code="0">(DE-588)4032356-0</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2="2"><subfield code="a">Rechnungslegung</subfield><subfield code="0">(DE-588)4128343-0</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2=" "><subfield code="8">1\p</subfield><subfield code="5">DE-604</subfield></datafield><datafield tag="689" ind1="1" ind2="0"><subfield code="a">Rechnungswesen</subfield><subfield code="0">(DE-588)4048732-5</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="1" ind2=" "><subfield code="8">2\p</subfield><subfield code="5">DE-604</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Lembke, Valdean C.</subfield><subfield code="e">Verfasser</subfield><subfield code="4">aut</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">King, Thomas E.</subfield><subfield code="e">Verfasser</subfield><subfield code="4">aut</subfield></datafield><datafield tag="856" ind1="4" ind2="2"><subfield code="m">HBZ Datenaustausch</subfield><subfield code="q">application/pdf</subfield><subfield code="u">http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=007624339&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA</subfield><subfield code="3">Inhaltsverzeichnis</subfield></datafield><datafield tag="999" ind1=" " ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-007624339</subfield></datafield><datafield tag="883" ind1="1" ind2=" "><subfield code="8">1\p</subfield><subfield code="a">cgwrk</subfield><subfield code="d">20201028</subfield><subfield code="q">DE-101</subfield><subfield code="u">https://d-nb.info/provenance/plan#cgwrk</subfield></datafield><datafield tag="883" ind1="1" ind2=" "><subfield code="8">2\p</subfield><subfield code="a">cgwrk</subfield><subfield code="d">20201028</subfield><subfield code="q">DE-101</subfield><subfield code="u">https://d-nb.info/provenance/plan#cgwrk</subfield></datafield></record></collection> |
| genre | (DE-588)4123623-3 Lehrbuch gnd-content |
| genre_facet | Lehrbuch |
| geographic | USA (DE-588)4078704-7 gnd |
| geographic_facet | USA |
| id | DE-604.BV011346725 |
| illustrated | Illustrated |
| indexdate | 2024-07-09T18:08:12Z |
| institution | BVB |
| isbn | 0070054142 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-007624339 |
| oclc_num | 33132505 |
| open_access_boolean | |
| owner | DE-739 |
| owner_facet | DE-739 |
| physical | XXVIII, 1299 S. graph. Darst. |
| publishDate | 1996 |
| publishDateSearch | 1996 |
| publishDateSort | 1996 |
| publisher | McGraw-Hill |
| record_format | marc |
| spelling | Baker, Richard E. Verfasser aut Advanced financial accounting Richard E. Baker ; Valdean C. Lembke ; Thomas E. King 3. ed. New York [u.a.] McGraw-Hill 1996 XXVIII, 1299 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Boekhouden gtt Accounting Rechnungswesen (DE-588)4048732-5 gnd rswk-swf Konzern (DE-588)4032356-0 gnd rswk-swf Rechnungslegung (DE-588)4128343-0 gnd rswk-swf USA (DE-588)4078704-7 gnd rswk-swf (DE-588)4123623-3 Lehrbuch gnd-content USA (DE-588)4078704-7 g Konzern (DE-588)4032356-0 s Rechnungslegung (DE-588)4128343-0 s 1\p DE-604 Rechnungswesen (DE-588)4048732-5 s 2\p DE-604 Lembke, Valdean C. Verfasser aut King, Thomas E. Verfasser aut HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=007624339&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk 2\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
| spellingShingle | Baker, Richard E. Lembke, Valdean C. King, Thomas E. Advanced financial accounting Boekhouden gtt Accounting Rechnungswesen (DE-588)4048732-5 gnd Konzern (DE-588)4032356-0 gnd Rechnungslegung (DE-588)4128343-0 gnd |
| subject_GND | (DE-588)4048732-5 (DE-588)4032356-0 (DE-588)4128343-0 (DE-588)4078704-7 (DE-588)4123623-3 |
| title | Advanced financial accounting |
| title_auth | Advanced financial accounting |
| title_exact_search | Advanced financial accounting |
| title_full | Advanced financial accounting Richard E. Baker ; Valdean C. Lembke ; Thomas E. King |
| title_fullStr | Advanced financial accounting Richard E. Baker ; Valdean C. Lembke ; Thomas E. King |
| title_full_unstemmed | Advanced financial accounting Richard E. Baker ; Valdean C. Lembke ; Thomas E. King |
| title_short | Advanced financial accounting |
| title_sort | advanced financial accounting |
| topic | Boekhouden gtt Accounting Rechnungswesen (DE-588)4048732-5 gnd Konzern (DE-588)4032356-0 gnd Rechnungslegung (DE-588)4128343-0 gnd |
| topic_facet | Boekhouden Accounting Rechnungswesen Konzern Rechnungslegung USA Lehrbuch |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=007624339&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| work_keys_str_mv | AT bakerricharde advancedfinancialaccounting AT lembkevaldeanc advancedfinancialaccounting AT kingthomase advancedfinancialaccounting |