Custom Acct 3533: Advanced Accounting (Temple University)
by Hopkins, Hanlon
ISBN: | Copyright 2024
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Advanced Accounting, 5e (pg. 1.2) | |
Chapter 1: Accounting for Intercorporate Investments (pg. 1.2) | |
Hulu (pg. 1.2) | |
When Should the Equity Method Be Used? (pg. 1.5) | |
Topic Review 1.1 (pg. 1.7) | |
Accounting Procedures for an Investment Using the Equity Method (Basics) (pg. 1.7) | |
Accounting for the Purchase of an Equity Investment (pg. 1.8) | |
Accounting for the Equity Investment Subsequent to Its Purchase (pg. 1.9) | |
Accounting for an Investment Using the Equity Method (Advanced Topics) (pg. 1.11) | |
Accounting for Equity Investments When the Purchase Price Exceeds Book Value (pg. 1.11) | |
Topic Review 1.3 (pg. 1.15) | |
Accounting for the Effects on Equity Investments of Intercompany Sales of Inventory (pg. 1.15) | |
Topic Review 1.4 (pg. 1.16) | |
Equity Method Accounting When Less Than 100% of the Investee Is Owned (pg. 1.17) | |
Topic Review 1.5 (pg. 1.19) | |
Discontinuation of the Equity Method (pg. 1.19) | |
Accounting for a Change to and from the Equity Method (pg. 1.20) | |
Chapter Summary (pg. 1.26) | |
Comprehensive Review (pg. 1.27) | |
Questions (pg. 1.27) | |
Multiple Choice (pg. 1.29) | |
CPA Exam Questions (pg. 1.33) | |
Data Analytics, Data Visualization, and Excel Activities (pg. 1.33) | |
Exercises (pg. 1.33) | |
Problems (pg. 1.38) | |
CPA Simulations and Practice Exam (pg. 1.41) | |
Topic Review (pg. 1.41) | |
Comprehensive Review Solution (pg. 1.43) | |
Chapter 2: Introduction to Business Combinations and the Consolidation Process (pg. 1.46) | |
Coca-Cola (pg. 1.46) | |
Business Combinations and (Non-Business) Asset Acquisitions (pg. 1.49) | |
Review of (Non-Business) Asset Acquisition Accounting (pg. 1.51) | |
Types of Business Combinations (pg. 1.54) | |
Topic Review 2.1 (pg. 1.55) | |
When Does “Control” Exist? (pg. 1.56) | |
Topic Review 2.2 (pg. 1.57) | |
Consolidation on the Date of Acquisition (pg. 1.58) | |
The Intuition Underlying the Consolidation Process (pg. 1.58) | |
Acquisition-Date Consolidation (Purchase Price Equals Book Value) (pg. 1.62) | |
Acquisition-Date Consolidation (Purchase Price Greater Than Book Value) (pg. 1.64) | |
Topic Review 2.3 (pg. 1.70) | |
Recognizing and Measuring the Identifiable Assets Acquired and the Liabilities Assumed (pg. 1.70) | |
Recognition Principle (pg. 1.71) | |
Measurement Principle and Fair Value Estimation (pg. 1.71) | |
Topic Review 2.4 (pg. 1.79) | |
Topic Review 2.5 (pg. 1.80) | |
Disclosure Example: Disney’s Acquisition Of Twenty-First Century Fox (pg. 1.82) | |
Chapter Summary (pg. 1.85) | |
Comprehensive Review (pg. 1.86) | |
Appendix 2A: Measuring Assets Acquired and Liabilities Assumed (Advanced) (pg. 1.87) | |
Discontinued Operations-Assets Held for Sale (pg. 1.87) | |
Preacquisition Contingencies (pg. 1.88) | |
Topic Review 2.6 (pg. 1.88) | |
Appendix 2B: Deferred Taxes and Business Combinations (pg. 1.91) | |
Appendix 2C: Pushdown Accounting (pg. 1.95) | |
Questions (pg. 1.100) | |
Multiple Choice (pg. 1.102) | |
CPA Exam Questions (pg. 1.108) | |
Data Analytics, Data Visualization, and Excel Activities (pg. 1.108) | |
Exercises (pg. 1.108) | |
Problems (pg. 1.114) | |
CPA Simulations and Practice Exam (pg. 1.120) | |
Topic Review (pg. 1.120) | |
Comprehensive Review Solution (pg. 1.123) | |
Chapter 3: Consolidated Financial Statements Subsequent to the Date of Acquisition (pg. 1.124) | |
Cummins Inc. (pg. 1.124) | |
Post-Acquisition Consolidation When the Parent Uses the Equity Method of Investment Bookkeeping (pg. 1.127) | |
Review of the Equity Method of Pre-Consolidation Bookkeeping (pg. 1.128) | |
Topic Review 3.1 (pg. 1.130) | |
The Consolidation Process Subsequent to the Date of Acquisition-Equity Method (pg. 1.131) | |
Example of Consolidation Subsequent to the Date of Acquisition-Equity Method (pg. 1.132) | |
Consolidated Financial Statements (pg. 1.138) | |
Topic Review 3.2 (pg. 1.141) | |
Post-Acquisition Consolidation When the Parent Uses the Cost Method of Investment Bookkeeping (pg. 1.141) | |
Cost Method of Pre-Consolidation Bookkeeping (pg. 1.142) | |
The Consolidation Process Subsequent to the Date of Acquisition-Cost Method (pg. 1.144) | |
Example of Consolidation Subsequent to the Date of Acquisition-Cost Method (pg. 1.146) | |
Accounting for Goodwill (pg. 1.149) | |
Recognition of Goodwill (pg. 1.150) | |
Amortization of Intangible Assets and Goodwill Impairment Evaluation (pg. 1.150) | |
Topic Review 3.4 (pg. 1.156) | |
Accounting for a Bargain Acquisition (pg. 1.157) | |
Chapter Summary (pg. 1.158) | |
Comprehensive Review-Equity Method (pg. 1.159) | |
Comprehensive Review-Cost Method (pg. 1.160) | |
Appendix 3A: Complete Listing of Required Disclosures (pg. 1.161) | |
Appendix 3B: Common Control Business Combinations and the Pooling-of-Interests Method (pg. 1.162) | |
Comparison of Pooling-of-Interests with Acquisition Method (pg. 1.164) | |
Questions (pg. 1.165) | |
Multiple Choice (pg. 1.167) | |
CPA Exam Questions (pg. 1.171) | |
Data Analytics, Data Visualization, and Excel Activities (pg. 1.171) | |
Exercises (pg. 1.171) | |
Problems (pg. 1.177) | |
CPA Simulations and Practice Exam (pg. 1.190) | |
Topic Review (pg. 1.190) | |
Comprehensive Review-Equity Method Solution (pg. 1.192) | |
Comprehensive Review-Cost Method Solution (pg. 1.193) | |
Chapter 4: Consolidated Financial Statements and Intercompany Transactions (pg. 1.196) | |
Exxon Mobil Corporation (pg. 1.196) | |
Accounting for Intercompany Sales of Inventory-Equity Method (pg. 1.200) | |
Intuition Behind the Elimination of Intercompany Sales and Deferral of Profit-Equity Method (pg. 1.200) | |
Intercompany Inventory Transactions and Consolidating Entries-Equity Method (pg. 1.202) | |
Upstream versus Downstream Transactions for Wholly Owned (i.e., 100%) Subsidiaries-Equity Method (pg. 1.207) | |
How Much Gross Profit Do We Defer? (pg. 1.207) | |
Continuous Sales of Inventories (pg. 1.208) | |
Example of the Continuous Intercompany Sale and Resale of Inventories-Equity Method (pg. 1.208) | |
Topic Review 4.1 (pg. 1.210) | |
Accounting for Intercompany Sales of Inventory-Cost Method (pg. 1.211) | |
Example of the Continuous Intercompany Sale and Resale of Inventories-Cost Method (pg. 1.213) | |
Topic Review 4.2 (pg. 1.215) | |
Accounting for the Intercompany Sales of Noncurrent Assets Between the Investor and the Investee(s)- (pg. 1.216) | |
Accounting for the Intercompany Sale of Non-Depreciable Assets-Equity Method (pg. 1.216) | |
Accounting for the Intercompany Sale of Depreciable Assets-Equity Method (pg. 1.223) | |
Accounting for the Intercompany Sales of Noncurrent Assets Between the Investor and the Investee(s)- (pg. 1.233) | |
Accounting for the Intercompany Sale of Non-Depreciable Assets-Cost Method (pg. 1.233) | |
Accounting for the Intercompany Sale of Depreciable Assets-Cost Method (pg. 1.237) | |
Topic Review 4.4 (pg. 1.241) | |
Chapter Summary (pg. 1.242) | |
Comprehensive Review-Equity Method (pg. 1.243) | |
Comprehensive Review-Cost Method (pg. 1.244) | |
Appendix 4A: Consolidation When the Parent Uses the Partial Equity Method to Account for Its Equity (pg. 1.245) | |
Questions (pg. 1.247) | |
Multiple Choice (pg. 1.248) | |
CPA Exam Questions (pg. 1.252) | |
Data Analytics, Data Visualization, and Excel Activities (pg. 1.252) | |
Exercises (pg. 1.253) | |
Problems (pg. 1.256) | |
CPA Simulations and Practice Exam (pg. 1.275) | |
Topic Review (pg. 1.275) | |
Comprehensive Review-Equity Method Solution (pg. 1.279) | |
Comprehensive Review-Cost Method Solution (pg. 1.283) | |
Chapter 5: Consolidated Financial Statements with Less Than 100% Ownership (pg. 1.286) | |
Alcoa Corporation (pg. 1.286) | |
Basics of Consolidating Noncontrolling Interests (pg. 1.289) | |
Consolidation on Date of Acquisition-Parent Owns 80% of the Subsidiary (pg. 1.289) | |
Post-Acquisition Consolidation And Noncontrolling Interests-Equity Method (pg. 1.293) | |
Allocation of Profit to Controlling and Noncontrolling Interests and Consolidation Subsequent to Acq (pg. 1.294) | |
Topic Review 5.2 (pg. 1.307) | |
Intercompany Profit Elimination for Upstream Depreciable Asset Sales-Equity Method (pg. 1.308) | |
Comparison of Upstream to Downstream Transfers of Depreciable Assets (pg. 1.313) | |
Topic Review 5.3 (pg. 1.317) | |
Post-Acquisition Consolidation and Noncontrolling Interests-Cost Method (pg. 1.318) | |
Suggested Integrated Approach for Mastering Complex Consolidations (pg. 1.323) | |
Step 1: Disaggregate and Document the Activity for the 100% AAP, the Controlling Interest AAP, and (pg. 1.324) | |
Step 2: Calculate and Organize the Profits and Losses on Intercompany Transactions and Balances (pg. 1.328) | |
Step 3: Compute the Pre-Consolidation Equity Investment Account Beginning and Ending Balances Start (pg. 1.330) | |
Step 4: Reconstruct the Activity in the Parent’s Pre-Consolidation Equity Investment T-Account for (pg. 1.331) | |
Step 5: Independently Compute the Beginning and Ending Balances of Owners’ Equity Attributable to t (pg. 1.332) | |
Step 6: Independently Calculate Consolidated Net Income, Controlling Interest Net Income, and Nonco (pg. 1.334) | |
Step 7: Complete the Consolidating Entries According to the C-E-A-D-I Sequence and Complete the Con (pg. 1.336) | |
Chapter Summary (pg. 1.338) | |
Comprehensive Review-Equity Method (pg. 1.339) | |
Comprehensive Review-Cost Method (pg. 1.340) | |
Appendix 5A: Business Combinations and Alternative Measurements of Noncontrolling Interest (pg. 1.342) | |
Measurement of Noncontrolling Interest in the United States Prior to SFAS 141(R) and ASC 805 (pg. 1.342) | |
Measurement of Noncontrolling Interest Under International Financial Reporting Standards (pg. 1.344) | |
Appendix 5B: Consolidated Earnings Per Share (EPS) (pg. 1.346) | |
Appendix 5C: Accounting for Changes in Ownership (pg. 1.347) | |
Accounting for an Acquisition Achieved in Stages (Step Acquisitions) (pg. 1.347) | |
Reductions of the Investor’s Ownership Interest in the Investee (pg. 1.350) | |
Topic Review 5.4 (pg. 1.353) | |
Required Disclosures (pg. 1.353) | |
Questions (pg. 1.354) | |
Multiple Choice (pg. 1.354) | |
CPA Exam Questions (pg. 1.358) | |
Data Analytics, Data Visualization, and Excel Activities (pg. 1.358) | |
Exercises (pg. 1.358) | |
Problems (pg. 1.364) | |
CPA Simulations and Practice Exam (pg. 1.380) | |
Topic Review (pg. 1.381) | |
Comprehensive Review Solution-Equity Method (pg. 1.384) | |
Comprehensive Review Solution-Cost Method (pg. 1.390) | |
Chapter 6: Consolidation of Variable Interest Entities and Other Intercompany Investments (pg. 1.392) | |
The Walt Disney Company (pg. 1.392) | |
Parent Investment in Variable Interest Entities (VIEs) (pg. 1.395) | |
Special Purpose Entities (SPEs) (pg. 1.395) | |
Comprehensive Consolidation Model in FASB ASC 810, Including Consolidation of VIEs (pg. 1.397) | |
Topic Review 6.1 (pg. 1.403) | |
Topic Review 6.2 (pg. 1.403) | |
Topic Review 6.3 (pg. 1.404) | |
Topic Review 6.4 (pg. 1.405) | |
Intercompany Investment in Affiliates’ Debt (pg. 1.412) | |
Direct Lending to an Affiliate (pg. 1.412) | |
Acquisition from Unaffiliated Entity of Investment in Affiliated Company’s Debt-Equity Method (pg. 1.413) | |
Topic Review 6.5 (pg. 1.419) | |
Acquisition from Unaffiliated Entity of Investment in Affiliated Company’s Debt-Cost Method (pg. 1.419) | |
Topic Review 6.6 (pg. 1.420) | |
Parent Investment in a Subsidiary with Preferred Stock Outstanding (pg. 1.421) | |
Effects of Subsidiary Preferred Stock on [C] and [E] Consolidation Entries (pg. 1.421) | |
Chapter Summary (pg. 1.423) | |
Comprehensive Review-Equity Method (pg. 1.424) | |
Comprehensive Review-Cost Method (pg. 1.426) | |
Appendix 6A: Detail of Required Disclosures Related to VIEs (pg. 1.427) | |
Questions (pg. 1.428) | |
Multiple Choice (pg. 1.429) | |
CPA Exam Questions (pg. 1.432) | |
Data Analytics, Data Visualization, and Excel Activities (pg. 1.432) | |
Exercises (pg. 1.432) | |
Problems (pg. 1.437) | |
CPA Simulations and Practice Exam (pg. 1.443) | |
Topic Review (pg. 1.443) | |
Comprehensive Review Solution-Equity Method (pg. 1.447) | |
Comprehensive Review Solution-Cost Method (pg. 1.455) | |
Chapter 7: Accounting for Foreign Currency Transactions and Derivatives (pg. 1.458) | |
Coca-Cola (pg. 1.458) | |
Effect of Exchange Rates on the Income Statement and the Balance Sheet (pg. 1.460) | |
Accounting for Foreign Currency Transactions Gains and Losses (pg. 1.461) | |
Accounting for Foreign-Currency-Denominated Accounts Payable (pg. 1.462) | |
Accounting for Foreign-Currency-Denominated Accounts Receivable (pg. 1.463) | |
Foreign Currency Transaction Gains and Losses-Summary (pg. 1.464) | |
Topic Review 7.1 (pg. 1.465) | |
Derivative Financial Instruments (pg. 1.466) | |
Hedging Instruments (pg. 1.466) | |
Accounting for Derivatives (pg. 1.467) | |
Derivatives-Accounting Hedging (pg. 1.468) | |
Fair Value Hedge (pg. 1.471) | |
Topic Review 7.2 (pg. 1.479) | |
Cash Flow Hedge (pg. 1.479) | |
Chapter Summary (pg. 1.487) | |
Comprehensive Review (pg. 1.490) | |
Appendix 7A: Borrowing in a Foreign Currency (pg. 1.490) | |
Appendix 7B: Assessing the Effectiveness of Hedging Instruments (pg. 1.491) | |
Appendix 7C: Required Disclosures Relating to Derivatives (pg. 1.492) | |
Appendix 7D: Derivative Financial Instruments (pg. 1.493) | |
Hedging Instruments (pg. 1.493) | |
Appendix 7E: Examples of (Non-Foreign Currency) Hedging Transactions (pg. 1.496) | |
Fair Value Hedge Example: Use of Futures Contracts to Hedge Zinc Inventory (pg. 1.496) | |
Cash Flow Hedge Example: Use of Options to Hedge an Anticipated Purchase of Inventory (pg. 1.497) | |
Accounting for a Fair Value Hedge Example: Firm Commitment to Purchase Nickel with a Forward Contrac (pg. 1.498) | |
Interest Rate Swap Example: Interest Rate Swap as a Hedge of a Fixed-Rate Instrument-Fair Value Hedg (pg. 1.499) | |
Questions (pg. 1.501) | |
Multiple Choice (pg. 1.501) | |
CPA Exam Questions (pg. 1.505) | |
Data Analytics, Data Visualization, and Excel Activities (pg. 1.505) | |
Exercises (pg. 1.505) | |
Problems (pg. 1.517) | |
CPA Simulations And Practice Exam (pg. 1.522) | |
Topic Review (pg. 1.522) | |
Comprehensive Review Solution (pg. 1.524) | |
Chapter 8: Consolidation of Foreign Subsidiaries (pg. 1.526) | |
Starbucks Corporation (pg. 1.526) | |
Functional Currency (pg. 1.529) | |
The Translation Process (pg. 1.530) | |
Translation Example-Year of Acquisition (pg. 1.533) | |
Translation Example-Second Year after Acquisition (pg. 1.535) | |
Required Disclosures Relating to the Cumulative Translation Adjustment (pg. 1.539) | |
Topic Review 8.1 (pg. 1.540) | |
The Remeasurement of Foreign-Currency-Denominated Financial Statements (pg. 1.541) | |
Remeasurement Example (pg. 1.542) | |
Topic Review 8.2 (pg. 1.546) | |
Consolidation of Foreign Subsidiaries (pg. 1.548) | |
Example of Consolidation Subsequent to the Date of Acquisition-Equity Method (pg. 1.548) | |
Disposition of the Cumulative Translation Adjustment upon Sale of the Subsidiary (pg. 1.551) | |
Example of Consolidation Subsequent to the Date of Acquisition-Cost Method (pg. 1.552) | |
Chapter Summary (pg. 1.554) | |
Comprehensive Review (pg. 1.555) | |
Appendix 8A: Direct Computation of Translation Adjustment and Remeasurement Gain (Loss) (pg. 1.556) | |
Direct Computation of the Translation Adjustment (pg. 1.556) | |
Direct Computation of the Remeasurement Gain or Loss (pg. 1.557) | |
Appendix 8B: Hedging the Net Investment in a Foreign Subsidiary (pg. 1.558) | |
Example #1: Use of a Forward-Exchange Contract to Hedge a Net Investment in a Foreign Subsidiary (pg. 1.559) | |
Example #2: Use of a Non-Derivative to Hedge a Net Investment in a Foreign Subsidiary (pg. 1.560) | |
Questions (pg. 1.560) | |
Multiple Choice (pg. 1.561) | |
CPA Exam Questions (pg. 1.564) | |
Data Analytics, Data Visualization, and Excel Activities (pg. 1.565) | |
Exercises (pg. 1.565) | |
Problems (pg. 1.574) | |
CPA Simulations and Practice Exam (pg. 1.580) | |
Topic Review (pg. 1.580) | |
Comprehensive Review Solution (pg. 1.582) | |
Chapter 9: Government Accounting: Fund-Based Financial Statements (pg. 1.584) | |
The Town of Acton, Massachusetts (pg. 1.584) | |
Budgetary Accounting (pg. 1.588) | |
Appropriations and Estimated Revenues (pg. 1.589) | |
Fund Accounting (pg. 1.591) | |
Types of Funds (pg. 1.591) | |
Measurement Focus and Basis of Accounting for Governmental Funds (pg. 1.592) | |
Summary of Fund Types, Accounting Approaches, and Required Financial Statements (pg. 1.594) | |
Governmental Fund Accounting Journal Entries (pg. 1.595) | |
Topic Review 9.1 (pg. 1.603) | |
Fund Financial Statements (pg. 1.603) | |
Financial Statements for Governmental Funds (pg. 1.604) | |
Closing Entries (pg. 1.608) | |
Topic Review 9.2 (pg. 1.609) | |
Budgetary Comparison Schedules or Statements (pg. 1.609) | |
Financial Statements for Proprietary Funds (pg. 1.609) | |
Financial Statements for Fiduciary Funds (pg. 1.614) | |
Chapter Summary (pg. 1.616) | |
Comprehensive Review (pg. 1.617) | |
Appendix 9A: Specialized Governmental Funds (pg. 1.618) | |
Special Revenue Funds (pg. 1.618) | |
Capital Projects Funds (pg. 1.619) | |
Debt Service Funds (pg. 1.620) | |
Permanent Funds (pg. 1.621) | |
Questions (pg. 1.621) | |
Multiple Choice (pg. 1.622) | |
CPA Exam Questions (pg. 1.625) | |
Data Analytics, Data Visualization, and Excel Activities (pg. 1.625) | |
Exercises (pg. 1.625) | |
Problems (pg. 1.627) | |
CPA Simulations and Practice Exam (pg. 1.630) | |
Topic Review (pg. 1.630) | |
Comprehensive Review Solution (pg. 1.632) | |
Chapter 10: Government Accounting: Government-Wide Financial Statements (pg. 1.634) | |
The Town of Acton, Massachusetts-Continued (pg. 1.634) | |
Comprehensive Annual Financial Report (pg. 1.637) | |
MD&A (pg. 1.638) | |
Auditor’s Report (pg. 1.639) | |
Government-wide Financial Statements (pg. 1.640) | |
Primary Government (pg. 1.641) | |
Measurement Focus and Basis of Accounting (pg. 1.642) | |
Statement of Net Position (pg. 1.644) | |
Statement of Activities (pg. 1.650) | |
Topic Review 10.1 (pg. 1.653) | |
Chapter Summary (pg. 1.656) | |
Comprehensive Review (pg. 1.658) | |
Questions (pg. 1.659) | |
Multiple Choice (pg. 1.660) | |
CPA Exam Questions (pg. 1.662) | |
Data Analytics, Data Visualization, and Excel Activities (pg. 1.662) | |
Exercises (pg. 1.662) | |
Problems (pg. 1.663) | |
CPA Simulations And Practice Exam (pg. 1.670) | |
Topic Review 10.1 (pg. 1.670) | |
Comprehensive Review Solution (pg. 1.671) | |
Chapter 11: Accounting for NotforProfit Organizations (pg. 1.672) | |
United Way Worldwide (pg. 1.672) | |
Statement of Financial Position (pg. 1.675) | |
Statement of Financial Position Example (pg. 1.675) | |
Topic Review 11.1 (pg. 1.676) | |
Statement of Activities (pg. 1.677) | |
Format of the Statement of Activities (pg. 1.677) | |
Accounting for Contributions (pg. 1.678) | |
Statement of Activities Example (pg. 1.680) | |
Topic Review 11.2 (pg. 1.681) | |
Statement of Functional Expenses (pg. 1.682) | |
Statement of Cash Flows (pg. 1.683) | |
Chapter Summary (pg. 1.684) | |
Comprehensive Review (pg. 1.685) | |
Questions (pg. 1.686) | |
Multiple Choice (pg. 1.686) | |
CPA Exam Questions (pg. 1.689) | |
Data Analytics, Data Visualization, and Excel Activities (pg. 1.689) | |
Exercises (pg. 1.689) | |
Problems (pg. 1.691) | |
CPA Simulations and Practice Exam (pg. 1.693) | |
Topic Review (pg. 1.693) | |
Comprehensive Review Solution (pg. 1.694) | |
Chapter 12: Segment Disclosures and Interim Financial Reporting (pg. 1.696) | |
3M Company (pg. 1.696) | |
Reportable Operating Segments (pg. 1.699) | |
Reason for Operating Segment Disclosures (pg. 1.699) | |
Management Approach (pg. 1.700) | |
Definition of an Operating Segment (pg. 1.700) | |
Example-3M’s Segment Disclosures (pg. 1.703) | |
Topic Review 12.1 (pg. 1.708) | |
Interim Financial Reporting (pg. 1.708) | |
Inventories (pg. 1.708) | |
Costs Benefitting More Than One Period (pg. 1.710) | |
Year-End Adjustments (pg. 1.711) | |
Seasonal Variation (pg. 1.712) | |
Income Tax Expense (pg. 1.712) | |
Changes to Accounting Principles and Estimates (pg. 1.713) | |
Interim Financial Statements Disclosures (pg. 1.713) | |
Chapter Summary (pg. 1.715) | |
Comprehensive Review (pg. 1.716) | |
Questions (pg. 1.717) | |
Multiple Choice (pg. 1.717) | |
CPA Exam Questions (pg. 1.719) | |
Data Analytics, Data Visualization, and Excel Activities (pg. 1.719) | |
Exercises (pg. 1.719) | |
Problem (pg. 1.721) | |
CPA Simulations and Practice Exam (pg. 1.722) | |
Topic Review (pg. 1.722) | |
Comprehensive Review Solution (pg. 1.723) | |
Chapter 13: Accounting for Partnerships (pg. 1.724) | |
Boardwalk Pipeline Partners, LP (pg. 1.724) | |
The Partnership Form of Organization and Its Governance (pg. 1.726) | |
Accounting for the Formation of the Partnership (pg. 1.728) | |
Accounting for Changes in Partnership Ownership (Realignment) (pg. 1.731) | |
Revaluation of Net Assets Prior to Partnership Realignment (pg. 1.732) | |
Admission of New Partner by Purchasing the Partnership Interest from One or Both Partners (pg. 1.733) | |
Realignment via Contribution of Cash or Other Net Assets to the Partnership-Base Case (pg. 1.735) | |
Realignment via Contribution of Cash or Other Net Assets to the Partnership-Bonus and Goodwill Metho (pg. 1.736) | |
Topic Review 13.1 (pg. 1.738) | |
Allocation of Profit (Loss), Drawing Accounts and the Capital Account (pg. 1.738) | |
Reconciliation of the Capital Account (pg. 1.738) | |
Allocation of Partnership Profit (Loss) (pg. 1.739) | |
Statement of Capital Account Balances (pg. 1.741) | |
Partnership Dissolution (pg. 1.742) | |
Accounting for the Liquidation of a Partnership (pg. 1.743) | |
Chapter Summary (pg. 1.751) | |
Comprehensive Review (pg. 1.753) | |
Questions (pg. 1.754) | |
Multiple Choice (pg. 1.754) | |
CPA Exam Questions (pg. 1.756) | |
Data Analytics, Data Visualization, and Excel Activities (pg. 1.756) | |
Exercises (pg. 1.756) | |
Problems (pg. 1.758) | |
CPA Simulations And Practice Exam (pg. 1.759) | |
Topic Review (pg. 1.759) | |
Comprehensive Review Solution (pg. 1.760) | |
Appendix A: Data Analytics and Blockchain Technology (pg. 1.A-1) | |
Data Analytics (pg. 1.A-2) | |
Big Data (pg. 1.A-2) | |
Types of Data Analytics (pg. 1.A-2) | |
Data Analytics in the Accounting Profession (pg. 1.A-3) | |
The Analytics Mindset (pg. 1.A-4) | |
Data Analytic Tools (pg. 1.A-5) | |
Data Visualization (pg. 1.A-6) | |
Blockchain Technology (pg. 1.A-10) | |
Summary of Learning Objectives (pg. 1.A-12) | |
Video Resources For Tableau (pg. 1.A-13) | |
Multiple Choice (pg. 1.A-14) | |
Additional Assignments are Available in myBusinessCourse. (pg. 1.A-14) | |
Intermediate Accounting, 3e (pg. 2.21-1) | |
Chapter 21: Share-Based Compensation and Earnings per Share (pg. 2.21-1) | |
LO 21-1: Account for restricted stock plans (pg. 2.21-3) | |
Restricted Stock SHARE Awards (pg. 2.21-3) | |
Restricted Stock UNIT Awards (pg. 2.21-4) | |
Demo 21-1A: Accounting for Restricted Stock Shares (pg. 2.21-4) | |
Demo 21-1B: Accounting for Restricted Stock Units (pg. 2.21-5) | |
Review 21-1: Accounting for Restricted Stock Plans (pg. 2.21-7) | |
LO 21-2: Account for stock options (pg. 2.21-8) | |
Demo 21-2: Accounting for Stock Options (pg. 2.21-9) | |
Review 21-2: Accounting for Stock Options (pg. 2.21-12) | |
LO 21-3: Account for employee share purchase plans (pg. 2.21-12) | |
Demo 21-3: Accounting for Employee Share Purchase Plans (pg. 2.21-13) | |
Review 21-3: Accounting for Employee Share Purchase Plans (pg. 2.21-14) | |
LO 21-4: Compute earnings per share (EPS) with a simple capital structure (pg. 2.21-14) | |
Demo 21-4: Earnings per Share Calculation—Simple Capital Structure (pg. 2.21-14) | |
Review 21-4: Calculation of Basic EPS (pg. 2.21-15) | |
LO 21-5: Calculation of Basic EPS (pg. 2.21-15) | |
Preferred Stock Dividends (pg. 2.21-15) | |
Share Issuances and Buybacks (pg. 2.21-16) | |
Stock Dividends and Stock Splits (pg. 2.21-16) | |
Demo 21-5: EPS Calculations—Simple Capital Structure (pg. 2.21-16) | |
Review 21-5: Calculation of Basic EPS (pg. 2.21-19) | |
LO 21-6: Compute EPS using if-converted method for convertible securities (pg. 2.21-19) | |
Convertible Debt and Convertible Preferred Stock (pg. 2.21-19) | |
Demo 21-6A: EPS Calculations—Convertible Bonds (pg. 2.21-21) | |
Demo 21-6B: EPS Calculations—Convertible Preferred Stock (pg. 2.21-22) | |
Review 21-6: Calculation of EPS—Convertible Bonds and Convertible Preferred Stock (pg. 2.21-24) | |
LO 21-7: Compute EPS using treasury stock method for options, warrants, and restricted stock (pg. 2.21-24) | |
Stock Options and Warrants (pg. 2.21-24) | |
Demo 21-7A: EPS Calculations—Stock Options (pg. 2.21-25) | |
Demo 21-7B: EPS Calculations—Restricted Stock (pg. 2.21-27) | |
Review 21-7: EPS Calculations—Options and Restricted Stock (pg. 2.21-28) | |
LO 21-8: Compute EPS given contingently issuable shares (pg. 2.21-28) | |
Demo 21-8: Compute EPS Given Contingently Issuable Shares (pg. 2.21-29) | |
Review 21-8: Calculation of EPS Given Contingently Issuable Shares (pg. 2.21-29) | |
LO 21-9: Compute EPS given multiple securities and describe EPS financial statement presentation (pg. 2.21-30) | |
Demo 21-9: Compute EPS Given Multiple Securities (pg. 2.21-30) | |
Presentation and Disclosure of EPS (pg. 2.21-31) | |
Review 21-9: Calculation of EPS—Multiple Securities (pg. 2.21-33) | |
Management Judgment (pg. 2.21-33) | |
Share-Based Compensation (pg. 2.21-33) | |
EPS Calculations (pg. 2.21-34) | |
APPENDIX 21A: Describe accounting for stock appreciation rights (pg. 2.21-34) | |
Recording SARs as Equity (pg. 2.21-34) | |
Recording SARs as Liabilities (pg. 2.21-34) | |
Demo 21-10: Stock Appreciation Rights (pg. 2.21-35) | |
Review 21-10: Accounting for Stock Appreciation Rights (pg. 2.21-36) | |
Questions (pg. 2.21-37) | |
Data Analytics (pg. 2.21-38) | |
Data Visualization (pg. 2.21-38) | |
Brief Exercises (pg. 2.21-38) | |
Exercises (pg. 2.21-42) | |
Problems (pg. 2.21-48) | |
Accounting Decisions and Judgments (pg. 2.21-52) | |
Appendix-Brief Exercises (pg. 2.21-57) | |
Appendix-Exercises (pg. 2.21-57) | |
Appendix-Problems (pg. 2.21-58) | |
Answers to Review Exercises (pg. 2.21-58) |

Patrick E. Hopkins
Patrick E. Hopkins, is a professor and Deloitte Foundation Accounting Faculty Fellow at Indiana University’s Kelley School of Business. Professor Hopkins received his B.S. and M.Acc. from the University of Florida and his Ph.D. from the University of Texas at Austin.
Prior to entering the accounting doctoral program, Professor Hopkins served as a senior consultant with the Emerging Business Services practice of Deloitte, Haskins and Sells in Miami, Florida. Professor Hopkins has been at IU since 1995, where he teaches undergraduate and graduate courses on financial reporting for mergers, acquisitions and changes in corporate structure. He also served as a Visiting Professor at Stanford University’s Graduate School of Business, where he taught courses on global financial reporting and on accounting for mergers, acquisitions and changes in corporate structure. During his career, Professor Hopkins won each of the top teaching awards in the Kelley School of Business, including the Trustees Teaching Award, the Schuyler F. Otteson Award, and the Sauvain Award. He also teaches in international and online executive MBA programs at Indiana University, and in the doctoral program at HHL University in Leipzig, Germany. Professor Hopkins is also a widely respected research scholar in the area of financial reporting, and investor and analyst judgment and decision making. His work has appeared in top accounting journals, including The Accounting Review, the Journal of Accounting Research, Contemporary Accounting Research, and Accounting Organizations and Society, and has been discussed in business press publications, including Barron’s, CFO, and The Deal. He is the past winner of the American Accounting Association’s Financial Accounting and Reporting Section Best Research Paper Award, the Indiana University Outstanding Junior Faculty Award, and Kelley School of Business Outstanding Research Award.

Michelle L. Hanlon
Michelle L. Hanlon is the Howard W. Johnson Professor at the MIT Sloan School of Management. She earned her doctorate at the University of Washington.
Prior to joining MIT, she was a faculty member at the University of Michigan. Professor Hanlon has taught financial accounting to undergraduates, MBA students, executive MBA students, and Masters of Finance students. Professor Hanlon also teaches Taxes and Business Strategy to MBA students. She is the winner of the 2013 Jamieson Prize for Excellence in Teaching at MIT Sloan.
Professor Hanlon’s research focuses primarily on the intersection of taxation and financial accounting. Her recent work examines the capital market effects of the accounting for income tax, the reputational effects of corporate tax avoidance, and the economic consequences of U.S. international tax policies for multinational corporations. She has published research studies in the Journal of Accounting and Economics, the Journal of Accounting Research, The Accounting Review, the Review of Accounting Studies, the Journal of Finance, the Journal of Financial Economics, the Journal of Public Economics, and others. She has won several awards for her research and has presented her work at numerous universities and conferences. Professor Hanlon has served on several editorial boards and currently serves as an editor at the Journal of Accounting and Economics.
Professor Hanlon has testified in front of the U.S. Senate Committee on Finance and the U.S. House of Representatives Committee on Ways and Means about the interaction of financial accounting and tax policy. She served as a U.S. delegate to the American-Swiss Young Leaders Conference in 2010 and worked as an Academic Fellow at the U.S. House Ways and Means Committee in 2015.
Advanced Accounting, 5e (Hopkins, Halsey) | |
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Errata Last Updated: Jan 17 2025 |
Here are corrections to the text identified after the book's printing. |
Errata Last Updated: Jan 17 2025 |
Here are corrections to the text identified after the book's printing. |
Excel Templates Last Updated: Aug 10 2023 |
Excel Student Data templates for designated problems. |
Additional Gleim Exam Prep Resources Last Updated: Jan 29 2024 |
Use this link to sign up for extra FREE Gleim resources! Gleim.com/CambridgeEQE The Gleim EQE Test Prep will enhance your understanding of difficult accounting concepts and improve comprehension skills, resulting in higher grades in your course. myBusinessCourse students get special discounts on Gleim CPA, CMA, CIA & EA! Click here for exclusive access: Gleim.com/Cambridge. To learn more about careers in accounting and which accounting path is right for you, access the Gleim Accounting Career Resource Center: https://www.gleim.com/resources/accounting-careers/. |
Intermediate Accounting, 3e (Hanlon, Hodder, Nelson, Roulstone, Dragoo) | |
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Errata Last Updated: Feb 28 2025 |
Identified errors in (complete) printed text and instructor edition, corrected. |
Additional Gleim Exam Prep Resources Last Updated: Jan 29 2024 |
Use this link to sign up for extra FREE Gleim resources! Gleim.com/CambridgeEQE The Gleim EQE Test Prep will enhance your understanding of difficult accounting concepts and improve comprehension skills, resulting in higher grades in your course. myBusinessCourse students get special discounts on Gleim CPA, CMA, CIA & EA! Click here for exclusive access: Gleim.com/Cambridge. To learn more about careers in accounting and which accounting path is right for you, access the Gleim Accounting Career Resource Center: https://www.gleim.com/resources/accounting-careers/. |
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