We will be undergoing system maintenance on May 16th, 2024 from 2 am through 6 am central time. The system will be unavailable during that time. Please plan accordingly.
NOT IN USE - Custom ACC 312/640 Advanced Accounting 2 (DePaul)
by Collins, Hopkins, Hamlen
ISBN: 978-1-61853-608-2 | Copyright 2024
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| Skills for Accounting Research, 4e (pg. 1.2) | |
| Chapter 1 Overview of Accounting Research (pg. 1.2) | |
| Why Accounting Research Skills Matter (pg. 1.4) | |
| What Is Accounting Research, and Why Is It Performed? (pg. 1.4) | |
| In What Future Roles Might I Perform Accounting Research? (pg. 1.5) | |
| Now [ YOU ] Try 1.1 Your Role as a Researcher (pg. 1.6) | |
| When Is Accounting Research Performed? (pg. 1.6) | |
| Researching a Proposed Transaction (pg. 1.7) | |
| Now [ YOU ] Try 1.2 (pg. 1.8) | |
| Researching a Past Transaction (pg. 1.8) | |
| Research Performed After Financial Statement Issuance (pg. 1.9) | |
| Now [ YOU ] Try 1.3 (pg. 1.9) | |
| Research for the Purpose of Shaping Future Accounting Standards (pg. 1.10) | |
| In What Environments Is Accounting Research Performed? (pg. 1.10) | |
| Different Guidance for Each Research Environment (pg. 1.11) | |
| Now [ YOU ] Try 1.4 (pg. 1.12) | |
| Accounting Standard-Setting Bodies (pg. 1.12) | |
| The Securities and Exchange Commission (pg. 1.12) | |
| Now [ YOU ] Try 1.5 (pg. 1.13) | |
| The American Institute of Certified Public Accountants (pg. 1.14) | |
| The Financial Accounting Standards Board (pg. 1.14) | |
| Now [ YOU ] Try 1.6 (pg. 1.14) | |
| Now [ YOU ] Try 1.7 (pg. 1.15) | |
| Now [ YOU ] Try 1.8 (pg. 1.15) | |
| Chapter Summary (pg. 1.16) | |
| Review Questions (pg. 1.16) | |
| Exercises (pg. 1.17) | |
| Case Study Questions (pg. 1.18) | |
| Chapter 2 The FASB Codification: Introduction and Search Strategies (pg. 1.20) | |
| What is the FASB Codification? (pg. 1.22) | |
| Now [ YOU ] Try 2.1 (pg. 1.23) | |
| What Sources of Guidance Were Used to Populate the Codification? (pg. 1.23) | |
| Now [ YOU ] Try 2.2 (pg. 1.24) | |
| How is the Codification Updated? (pg. 1.24) | |
| Navigating The Codification (pg. 1.24) | |
| How is Information Organized Within the Codification? (pg. 1.25) | |
| Now [ YOU ] Try 2.3 (pg. 1.26) | |
| Areas and Topics (pg. 1.26) | |
| Now [ YOU ] Try 2.4 (pg. 1.27) | |
| Subtopics (pg. 1.28) | |
| Now [ YOU ] Try 2.5 (pg. 1.28) | |
| Sections (pg. 1.28) | |
| Now [ YOU ] Try 2.6 (pg. 1.33) | |
| Subsections and Paragraphs (pg. 1.33) | |
| Now [ YOU ] Try 2.7 (pg. 1.34) | |
| Tips for Performing Browse Searches (pg. 1.35) | |
| Join All Sections (pg. 1.35) | |
| Navigating a Subtopic, Considering All Areas of “Required Reading” (pg. 1.36) | |
| Now [ YOU ] Try 2.8 (pg. 1.38) | |
| Other Search Methods (pg. 1.39) | |
| Keyword Searches (pg. 1.39) | |
| Now [ YOU ] Try 2.9 (pg. 1.42) | |
| Now [ YOU ] Try 2.10 (pg. 1.43) | |
| Search by ASC Reference Number (pg. 1.43) | |
| Cross Reference Tab (pg. 1.44) | |
| Master Glossary (pg. 1.44) | |
| Pending Content and Effective Dates (pg. 1.45) | |
| What is “Pending Content”? (pg. 1.45) | |
| Now [ YOU ] Try 2.11 (pg. 1.45) | |
| Understanding Effective Dates (pg. 1.46) | |
| Now [ YOU ] Try 2.12 (pg. 1.46) | |
| Private Company Accounting Alternatives in the Codification (pg. 1.47) | |
| Now [ YOU ] Try 2.13 (pg. 1.47) | |
| Chapter Summary (pg. 1.47) | |
| Review Questions (pg. 1.47) | |
| Exercises (pg. 1.49) | |
| Case Study Questions (pg. 1.50) | |
| Chapter 3 The Research Process (pg. 1.54) | |
| Why Use A Research Process? (pg. 1.56) | |
| The Accounting Research Process (pg. 1.56) | |
| Pre-Step: Understand the Business (Industry) (pg. 1.57) | |
| Now [ YOU ] Try 3.1 (pg. 1.59) | |
| Step 1: Understand the Facts/Background of the Transaction (pg. 1.59) | |
| Now [ YOU ] Try 3.2 (pg. 1.60) | |
| Step 2: Define the Problem. That Is, Identify the “Researchable Question.” (pg. 1.61) | |
| Now [ YOU ] Try 3.3 (pg. 1.62) | |
| Now [ YOU ] Try 3.4 (pg. 1.62) | |
| Step 3: Stop and Think: What Accounting Treatment Will Likely Be Appropriate? (pg. 1.62) | |
| Step 4: Search Potentially Relevant Sources of Guidance, Copying Any Relevant Guidance into a Word (pg. 1.63) | |
| Now [ YOU ] Try 3.5 (pg. 1.63) | |
| Now [ YOU ] Try 3.6 (pg. 1.64) | |
| Step 5: Analyze Alternatives, Documenting Your Consideration of Each (pg. 1.65) | |
| Now [ YOU ] Try 3.7 (pg. 1.65) | |
| Step 6: Justify and Document Your Conclusion (pg. 1.67) | |
| Now [ YOU ] Try 3.8 (pg. 1.67) | |
| Judgment And Decision Making-A Brief Introduction (pg. 1.67) | |
| Common Biases (pg. 1.68) | |
| Now [ YOU ] Try 3.9 (pg. 1.69) | |
| Learn from Your Mistakes (and Successes!) (pg. 1.70) | |
| Now [ YOU ] Try 3.10 (pg. 1.70) | |
| Chapter Summary (pg. 1.70) | |
| Review Questions (pg. 1.71) | |
| Exercises (pg. 1.71) | |
| Case Study Questions (pg. 1.73) | |
| Additional References (pg. 1.75) | |
| Chapter 4 Creating Effective Documentation (pg. 1.76) | |
| Documentation Is Integral to Accounting Research (pg. 1.78) | |
| Communicating Accounting Research (pg. 1.79) | |
| Emailing the Results of Research Questions (pg. 1.79) | |
| Now [ YOU ] Try 4.1 (pg. 1.81) | |
| Drafting an Accounting Issues Memorandum (pg. 1.83) | |
| Facts (pg. 1.84) | |
| Now [ YOU ] Try 4.2 (pg. 1.85) | |
| Issue(s) (pg. 1.86) | |
| Analysis (pg. 1.86) | |
| Now [ YOU ] Try 4.3 (pg. 1.89) | |
| Now [ YOU ] Try 4.4 (pg. 1.90) | |
| Now [ YOU ] Try 4.5 (pg. 1.91) | |
| Now [ YOU ] Try 4.6 (pg. 1.92) | |
| Financial Statement and Disclosure Impacts (pg. 1.93) | |
| Reread Your Work Before Submitting (and what to look for) (pg. 1.93) | |
| Now [ YOU ] Try 4.7 (pg. 1.94) | |
| Properly Referencing Accounting Guidance (pg. 1.94) | |
| How Do I Reference a Passage from the Codification? (pg. 1.94) | |
| Now [ YOU ] Try 4.8 (pg. 1.95) | |
| Should I Ever Use Footnotes in Professional Memos? (pg. 1.95) | |
| When Should I Use Quotation Marks? (pg. 1.96) | |
| When Is It Appropriate to Alter an Excerpt from the Guidance? (pg. 1.96) | |
| When Is It Appropriate to Use Ellipses? (pg. 1.97) | |
| Style Tips for Professional Communication (pg. 1.98) | |
| Use Proper Voice in Your Memos (pg. 1.98) | |
| Keep Your Language Neutral (Avoid Strong Words) (pg. 1.98) | |
| Get the Grammar Right (pg. 1.99) | |
| Getting Feedback On Your Writing (pg. 1.100) | |
| Chapter 4 Appendix (pg. 1.101) | |
| Sample Accounting Issues Memo (pg. 1.101) | |
| Chapter Summary (pg. 1.105) | |
| Review Questions (pg. 1.105) | |
| Exercises (pg. 1.106) | |
| Case Study Questions (pg. 1.108) | |
| Chapter 5 Using Nonauthoritative Sources to Supplement Codification Research (pg. 1.110) | |
| Nonauthoritative Guidance: What Is It, And How Is It Used? (pg. 1.112) | |
| Now [ YOU ] Try 5.1 (pg. 1.113) | |
| Benefits of Nonauthoritative Guidance (pg. 1.113) | |
| Sources of Nonauthoritative Guidance (pg. 1.114) | |
| FASB’s Conceptual Framework (pg. 1.114) | |
| Now [ YOU ] Try 5.2 (pg. 1.115) | |
| Now [ YOU ] Try 5.3 (pg. 1.115) | |
| Now [ YOU ] Try 5.4 (pg. 1.116) | |
| Now [ YOU ] Try 5.5 (pg. 1.117) | |
| Accounting Standards Updates and Pre-Codification Standards (pg. 1.123) | |
| Using Nonauthoritative Sources: There’s a Right Way, and a Wrong Way (pg. 1.138) | |
| Is It Wrong to Cite Nonauthoritative Guidance Only? (pg. 1.140) | |
| What’s the Right Way to Search Nonauthoritative Guidance? (pg. 1.140) | |
| How Do I Reference Nonauthoritative Sources? (pg. 1.141) | |
| Chapter Summary (pg. 1.141) | |
| Review Questions (pg. 1.142) | |
| Exercises (pg. 1.142) | |
| Case Study Questions (pg. 1.144) | |
| Chapter 6 Scope and Recognition Guidance: A Brief Introduction (pg. 1.146) | |
| Scope Guidance: An Area Of Required Reading (pg. 1.148) | |
| Applying Scope Guidance: A Few Examples (pg. 1.149) | |
| Considering Scope, Glossary, and Interpretive Guidance (pg. 1.149) | |
| Now [ YOU ] Try 6.1 (pg. 1.149) | |
| Now [ YOU ] Try 6.2 (pg. 1.151) | |
| Evaluating Subsections with Unique Scope Guidance: Nonmonetary Transactions (pg. 1.151) | |
| Now [ YOU ] Try 6.3 (pg. 1.152) | |
| Which Topic Applies?: Navigating Investments Topics (pg. 1.154) | |
| Now [ YOU ] Try 6.4 (pg. 1.155) | |
| Performing A Scope Test: Derivatives (pg. 1.156) | |
| Evaluating Whether an Instrument Meets the Definition of a Derivative (pg. 1.156) | |
| Now [ YOU ] Try 6.5 (pg. 1.156) | |
| Recognition Guidance: A Brief Introduction (pg. 1.159) | |
| Now [ YOU ] Try 6.6 (pg. 1.160) | |
| Revenue Recognition: Navigating The REVISED MODEL (pg. 1.161) | |
| Now [ YOU ] Try 6.7 (pg. 1.161) | |
| Conceptual Definitions of Revenue (pg. 1.161) | |
| Revised Model: Revenue from Contracts with Customers (ASC 606) (pg. 1.162) | |
| Now [ YOU ] Try 6.8 (pg. 1.163) | |
| Research Techniques for Navigating Revenue Guidance (pg. 1.163) | |
| Now [ YOU ] Try 6.9 (pg. 1.166) | |
| Now [ YOU ] Try 6.10 (pg. 1.167) | |
| Now [ YOU ] Try 6.11 (pg. 1.167) | |
| Now [ YOU ] Try 6.12 (pg. 1.168) | |
| Now [ YOU ] Try 6.13 (pg. 1.169) | |
| Now [ YOU ] Try 6.14 (pg. 1.170) | |
| Applying Different Recognition Thresholds (pg. 1.171) | |
| Uncertain Taxes: Recognize If More Likely Than Not (pg. 1.171) | |
| Now [ YOU ] Try 6.15 (pg. 1.171) | |
| Effective Settlement of a Tax Position (pg. 1.172) | |
| Now [ YOU ] Try 6.16 (pg. 1.172) | |
| Subsequent Events: Recognize If Conditions Existed at the Balance Sheet Date (pg. 1.174) | |
| Now [ YOU ] Try 6.17 (pg. 1.175) | |
| Applying Derecognition Guidance: Liability Extinguishments (pg. 1.176) | |
| Now [ YOU ] Try 6.18 (pg. 1.177) | |
| Now [ YOU ] Try 6.19 (pg. 1.178) | |
| Chapter Summary (pg. 1.179) | |
| Review Questions (pg. 1.179) | |
| Exercises (pg. 1.180) | |
| Case Study Questions (pg. 1.181) | |
| Chapter 7 Using the Codification to Research Measurement Issues (pg. 1.184) | |
| What is Accounting Measurement? (pg. 1.186) | |
| Overview and Conceptual Background (pg. 1.186) | |
| Measurement Attributes (pg. 1.186) | |
| Now [ YOU ] Try 7.1 (pg. 1.187) | |
| Now [ YOU ] Try 7.2 (pg. 1.187) | |
| Where Can I Find Measurement Guidance? (pg. 1.188) | |
| Now [ YOU ] Try 7.3 (pg. 1.189) | |
| Who Performs Accounting Measurement In Practice? (pg. 1.190) | |
| Initial Measurements (pg. 1.190) | |
| Overview (pg. 1.190) | |
| Applying Initial Measurement Guidance (pg. 1.191) | |
| Now [ YOU ] Try 7.4 (pg. 1.192) | |
| Now [ YOU ] Try 7.5 (pg. 1.194) | |
| Subsequent Measurements (pg. 1.197) | |
| Overview (pg. 1.197) | |
| Applying Subsequent Measurement Guidance (pg. 1.197) | |
| Now [ YOU ] Try 7.6 (pg. 1.198) | |
| Now [ YOU ] Try 7.7 (pg. 1.201) | |
| Now [ YOU ] Try 7.8 (pg. 1.202) | |
| Disclosure Should Accompany Key Measurement Judgments (pg. 1.203) | |
| Chapter Summary (pg. 1.203) | |
| Review Questions (pg. 1.203) | |
| Exercises (pg. 1.204) | |
| Case Study Questions (pg. 1.205) | |
| Chapter 8 Fair Value Measurements in the Codification (pg. 1.208) | |
| Fair Value Overview (pg. 1.210) | |
| What Is Measured at Fair Value? (pg. 1.210) | |
| Now [ YOU ] Try 8.1 (pg. 1.211) | |
| How Is Fair Value Measured? (pg. 1.211) | |
| Now [ YOU ] Try 8.2 (pg. 1.212) | |
| The Fair Value Hierarchy (pg. 1.212) | |
| Now [ YOU ] Try 8.3 (pg. 1.213) | |
| The Debits and Credits: How Are Changes in Fair Value Reported? (pg. 1.214) | |
| Now [ YOU ] Try 8.4 (pg. 1.214) | |
| Now [ YOU ] Try 8.5 (pg. 1.215) | |
| How Do I Navigate Fair Value Guidance? (pg. 1.215) | |
| Organization of ASC 820 (pg. 1.216) | |
| In What Other Circumstances Are Fair Value Measurements Permitted Or Required? (pg. 1.217) | |
| What Is The Relationship Between Fair Value and Present Value? (pg. 1.221) | |
| Contributions Payable: Measuring Fair Value Using an Income Approach (pg. 1.222) | |
| Now [ YOU ] Try 8.8 (pg. 1.223) | |
| Valuation Technique Disclosures: An Insight Into How Fair Value Measurements Are Performed (pg. 1.224) | |
| Now [ YOU ] Try 8.9 (pg. 1.224) | |
| Fixed Assets: Testing For Impairment Using Fair Value (pg. 1.225) | |
| Now [ YOU ] Try 8.10 (pg. 1.226) | |
| Now [ YOU ] Try 8.11 (pg. 1.229) | |
| Chapter Summary (pg. 1.231) | |
| Review Questions (pg. 1.231) | |
| Exercises (pg. 1.232) | |
| Case Study Questions (pg. 1.233) | |
| Chapter 10 Governmental Accounting Research (pg. 1.274) | |
| Governmental Accounting Research (pg. 1.276) | |
| Now [ YOU ] Try 10.1 (pg. 1.276) | |
| State and Local Accounting Standards (pg. 1.276) | |
| Now [ YOU ] Try 10.2 (pg. 1.277) | |
| Now [ YOU ] Try 10.3 (pg. 1.278) | |
| Now [ YOU ] Try 10.4 (pg. 1.279) | |
| Now [ YOU ] Try 10.5 (pg. 1.281) | |
| Now [ YOU ] Try 10.6 (pg. 1.282) | |
| Now [ YOU ] Try 10.7 (pg. 1.283) | |
| Federal Accounting Standards (pg. 1.286) | |
| Now [ YOU ] Try 10.8 (pg. 1.287) | |
| Now [ YOU ] Try 10.9 (pg. 1.289) | |
| Referencing Governmental Accounting Guidance (pg. 1.291) | |
| Governmental Auditing Standards (pg. 1.291) | |
| In What Circumstances Are Government Audits Required? (pg. 1.291) | |
| Now [ YOU ] Try 10.10 (pg. 1.292) | |
| Who Performs Government Audits? (pg. 1.293) | |
| Standards for Government Audits (pg. 1.294) | |
| Now [ YOU ] Try 10.11 (pg. 1.295) | |
| Now [ YOU ] Try 10.12 (pg. 1.296) | |
| Applying Governmental Auditing Standards (pg. 1.297) | |
| Now [ YOU ] Try 10.13 (pg. 1.298) | |
| Now [ YOU ] Try 10.14 (pg. 1.299) | |
| Appendix 10A: Applying the GASB Codification, An Extended Example (pg. 1.300) | |
| Recognition of Tax Revenues, Using Fund Accounting (pg. 1.300) | |
| Chapter Summary (pg. 1.304) | |
| Review Questions (pg. 1.304) | |
| Exercises (pg. 1.305) | |
| Case Study Questions (pg. 1.306) | |
| Chapter 12 The International Research Environment (pg. 1.352) | |
| Introduction (pg. 1.354) | |
| IFRS: The Predominant Global Financial Reporting Framework (pg. 1.354) | |
| A Brief History of International Standards (pg. 1.354) | |
| Now [ YOU ] Try 12.1 (pg. 1.355) | |
| When Are Financial Statements Required Internationally? (pg. 1.355) | |
| Now [ YOU ] Try 12.2 (pg. 1.356) | |
| The IFRS Foundation and Its Standard-Setting Bodies (pg. 1.357) | |
| Standard-Setting Bodies of the IFRS Foundation (pg. 1.358) | |
| Governance and Oversight of the IFRS Foundation (pg. 1.359) | |
| Advisory Bodies of the IFRS Foundation (pg. 1.360) | |
| Now [ YOU ] Try 12.4 (pg. 1.360) | |
| Funding for the IFRS Foundation (pg. 1.361) | |
| International Financial Reporting Standards (IFRS) (pg. 1.361) | |
| Applicability of IFRS (pg. 1.361) | |
| Now [ YOU ] Try 12.5 (pg. 1.362) | |
| Now [ YOU ] Try 12.6 (pg. 1.362) | |
| Now [ YOU ] Try 12.7 (pg. 1.363) | |
| Understanding “Full IFRS” (pg. 1.364) | |
| Now [ YOU ] Try 12.8 (pg. 1.364) | |
| Now [ YOU ] Try 12.9 (pg. 1.365) | |
| Now [ YOU ] Try 12.10 (pg. 1.365) | |
| Now [ YOU ] Try 12.11 (pg. 1.367) | |
| Now [ YOU ] Try 12.12 (pg. 1.368) | |
| Performing IFRS Research (pg. 1.368) | |
| Now [ YOU ] Try 12.13 (pg. 1.369) | |
| Now [ YOU ] Try 12.14 (pg. 1.371) | |
| Statement of Compliance with IFRS (pg. 1.372) | |
| Now [ YOU ] Try 12.15 (pg. 1.373) | |
| IFRS for Small and Medium-Sized Entities (pg. 1.373) | |
| Now [ YOU ] Try 12.16 (pg. 1.375) | |
| How Do I Know Whether IFRS Applies to a Particular Country? (pg. 1.375) | |
| Now [ YOU ] Try 12.17 (pg. 1.376) | |
| When Are International Standards Relevant to U.S. Accountants? (pg. 1.376) | |
| Foreign Private Issuers (pg. 1.377) | |
| Now [ YOU ] Try 12.18 (pg. 1.378) | |
| U.S. Nonpublic Companies (pg. 1.378) | |
| Other Areas Relevant to U.S. Accountants (pg. 1.378) | |
| Now [ YOU ] Try 12.19 (pg. 1.379) | |
| Citing International Accounting Standards (pg. 1.379) | |
| Nonauthoritative Resources (pg. 1.380) | |
| Deloitte’s IAS Plus Website (pg. 1.380) | |
| Comparison Guides (pg. 1.380) | |
| Other Resources (pg. 1.380) | |
| Appendix 12A: International Auditing Standards (pg. 1.381) | |
| When Do International Auditing Standards Apply? (pg. 1.381) | |
| The International Federation of Accountants (IFAC) and Its Standards Boards (pg. 1.382) | |
| Now [ YOU ] Try 12.20 (pg. 1.383) | |
| Comparing International Audit Reports (pg. 1.385) | |
| Now [ YOU ] Try 12.21 (pg. 1.385) | |
| Chapter Summary (pg. 1.387) | |
| Review Questions (pg. 1.387) | |
| Exercises (pg. 1.388) | |
| Case Study Questions (pg. 1.389) | |
| Additional References (pg. 1.390) | |
| Chapter 13 Delivering Effective Presentations (pg. 1.392) | |
| When Will I Use Presentation Skills in Practice, and What Is the Format? (pg. 1.394) | |
| Presentation Formats (pg. 1.395) | |
| Now [ YOU ] Try 13.1 (pg. 1.395) | |
| What Are the Qualities of a Great Presentation? (pg. 1.395) | |
| Creating Effective Content (pg. 1.396) | |
| Now [ YOU ] Try 13.2 (pg. 1.397) | |
| Find Ways to Make the Information Resonate (pg. 1.397) | |
| Now [ YOU ] Try 13.3 (pg. 1.398) | |
| How Much Detail Should I Include in My Slides? (pg. 1.398) | |
| Now [ YOU ] Try 13.4 (pg. 1.399) | |
| Does Font Choice Matter? (pg. 1.400) | |
| Use Consistent Bullet Style (pg. 1.400) | |
| Now [ YOU ] Try 13.5 (pg. 1.400) | |
| Edit Your Presentation (pg. 1.401) | |
| Delivering a High-Quality Presentation (pg. 1.401) | |
| Tips for Powerful Body Language (pg. 1.401) | |
| Now [ YOU ] Try 13.6 (pg. 1.402) | |
| What If You Have a Fear of Presenting? (pg. 1.403) | |
| Think beyond the Case Facts (pg. 1.403) | |
| What Should You Wear? (pg. 1.404) | |
| Considerations for Those Working in a Group (pg. 1.404) | |
| What If a Member of My Group Is a Non-native English Speaker? (pg. 1.405) | |
| Now [ YOU ] Try 13.7 (pg. 1.406) | |
| Chapter Summary (pg. 1.406) | |
| Review Questions (pg. 1.406) | |
| Exercises (pg. 1.407) | |
| Case Study Questions (pg. 1.407) | |
| Chapter 14 Staying Current with Emerging Guidance (pg. 1.408) | |
| The Professional Advantages of Staying Current (pg. 1.410) | |
| Now [ YOU ] Try 14.1 (pg. 1.411) | |
| The Standard-Setting Process (pg. 1.411) | |
| Why Do Accounting Standards Change? (pg. 1.411) | |
| Now [ YOU ] Try 14.2 (pg. 1.412) | |
| The Standard-Setting “Due Process” (pg. 1.412) | |
| Now [ YOU ] Try 14.3 (pg. 1.413) | |
| Identifying Resources for Staying Current (pg. 1.413) | |
| First, Identify the Standard Setters You Want to Monitor (pg. 1.413) | |
| Next, Identify Resources for Monitoring These Standard Setters (pg. 1.414) | |
| Now [ YOU ] Try 14.4 (pg. 1.416) | |
| Chapter Summary (pg. 1.418) | |
| Review Questions (pg. 1.418) | |
| Exercises (pg. 1.419) | |
| Case Study Questions (pg. 1.420) | |
| Advanced Accounting, 5e (pg. 2.696) | |
| Chapter 12: Segment Disclosures and Interim Financial Reporting (pg. 2.696) | |
| 3M Company (pg. 2.696) | |
| Reportable Operating Segments (pg. 2.699) | |
| Reason for Operating Segment Disclosures (pg. 2.699) | |
| Management Approach (pg. 2.700) | |
| Definition of an Operating Segment (pg. 2.700) | |
| Example-3M’s Segment Disclosures (pg. 2.703) | |
| Topic Review 12.1 (pg. 2.708) | |
| Interim Financial Reporting (pg. 2.708) | |
| Inventories (pg. 2.708) | |
| Costs Benefitting More Than One Period (pg. 2.710) | |
| Year-End Adjustments (pg. 2.711) | |
| Seasonal Variation (pg. 2.712) | |
| Income Tax Expense (pg. 2.712) | |
| Changes to Accounting Principles and Estimates (pg. 2.713) | |
| Interim Financial Statements Disclosures (pg. 2.713) | |
| Chapter Summary (pg. 2.715) | |
| Comprehensive Review (pg. 2.716) | |
| Questions (pg. 2.717) | |
| Multiple Choice (pg. 2.717) | |
| CPA Exam Questions (pg. 2.719) | |
| Data Analytics, Data Visualization, and Excel Activities (pg. 2.719) | |
| Exercises (pg. 2.719) | |
| Problem (pg. 2.721) | |
| CPA Simulations and Practice Exam (pg. 2.722) | |
| Topic Review (pg. 2.722) | |
| Comprehensive Review Solution (pg. 2.723) | |
| Advanced Accounting, 5e (pg. 3.464) | |
| Chapter 10: State and Local Governments: Introduction and General Fund Reporting (pg. 3.464) | |
| Mecklenburg County, North Carolina (pg. 3.464) | |
| Nature of Government Activities (pg. 3.465) | |
| External Users of Governmental Financial Statements (pg. 3.466) | |
| Sources of GAAP for State and Local Governments (pg. 3.467) | |
| Objectives of Financial Reporting (pg. 3.468) | |
| Identifying the Reporting Entity (pg. 3.468) | |
| Fund Structure (pg. 3.470) | |
| Fund Types (pg. 3.471) | |
| Review -1 Identifying Funds (pg. 3.473) | |
| Accounting and Reporting By Funds (pg. 3.473) | |
| Accounting for Governmental Funds (pg. 3.473) | |
| Accounting for Proprietary Funds (pg. 3.474) | |
| Accounting for Fiduciary Funds (pg. 3.474) | |
| Government-Wide Reporting (pg. 3.475) | |
| Accounting for the General Fund (pg. 3.475) | |
| Budgetary Accounts (pg. 3.478) | |
| Recording Property Tax Revenue (pg. 3.479) | |
| Purchase of Goods and Services (pg. 3.481) | |
| Inventories (pg. 3.482) | |
| Interfund Transactions (pg. 3.483) | |
| Capital Assets and Long-Term Debt (pg. 3.484) | |
| Closing Entries (pg. 3.485) | |
| Outstanding Encumbrances at Year-End (pg. 3.486) | |
| Comprehensive Illustration of General Fund Accounting and Reporting (pg. 3.488) | |
| Transactions During the Year (pg. 3.489) | |
| Closing Entries (pg. 3.492) | |
| Financial Statements (pg. 3.492) | |
| Review -2 General Fund Budget and Closing Entries, Financial Statements (pg. 3.495) | |
| Review of Key Concepts (pg. 3.495) | |
| Multiple Choice Questions (pg. 3.496) | |
| CPA Exam Questions (pg. 3.499) | |
| Data Analytics, Data Visualization, and Excel Activities (pg. 3.499) | |
| Exercises (pg. 3.499) | |
| Problems (pg. 3.506) | |
| CPA Simulations and Practice Exams (pg. 3.521) | |
| Review Solutions (pg. 3.521) | |
| Chapter 11: State and Local Governments: Other Transactions (pg. 3.524) | |
| Alameda County, California (pg. 3.524) | |
| Accounting for Special Purpose Activities (pg. 3.525) | |
| Special Revenue Funds (pg. 3.526) | |
| Permanent Funds (pg. 3.527) | |
| Accounting for Capital Projects (pg. 3.528) | |
| Capital Projects Fund (pg. 3.529) | |
| Accounting for General Obligation Debt (pg. 3.534) | |
| Debt Service Fund (pg. 3.534) | |
| Review -1 Capital Projects and Debt Service Fund Transactions and Financial Statements (pg. 3.537) | |
| Accounting for Proprietary Activities (pg. 3.537) | |
| Enterprise and Internal Service Funds (pg. 3.538) | |
| Review -2 Enterprise Fund Transactions and Financial Statements (pg. 3.541) | |
| Accounting for Fiduciary Activities (pg. 3.542) | |
| Fiduciary Funds (pg. 3.542) | |
| Accounting for Investments (pg. 3.544) | |
| Derivatives Investments (pg. 3.545) | |
| Accounting for Other Liabilities and Debt Refundings (pg. 3.547) | |
| Compensated Absences (pg. 3.547) | |
| Landfills and Asset Retirement Obligations (pg. 3.547) | |
| Accounting for Leased Assets (pg. 3.549) | |
| Debt Refundings (pg. 3.550) | |
| Comprehensive Illustration of Reporting for Funds Other than the General Fund (pg. 3.551) | |
| Transactions, Journal Entries, and Financial Statements (pg. 3.552) | |
| Review of Key Concepts (pg. 3.558) | |
| Multiple Choice Questions (pg. 3.559) | |
| CPA Exam Questions (pg. 3.562) | |
| Data Analytics, Data Visualization, and Excel Activities (pg. 3.562) | |
| Exercises (pg. 3.562) | |
| Problems (pg. 3.567) | |
| CPA Simulations and Practice Exams (pg. 3.581) | |
| Review Solutions (pg. 3.581) | |
| Chapter 12: State and Local Governments: External Financial Reporting (pg. 3.586) | |
| City of St. Louis, Missouri (pg. 3.586) | |
| External Reporting Model (pg. 3.587) | |
| Management’s Discussion and Analysis (pg. 3.588) | |
| Government-Wide Financial Statements (pg. 3.589) | |
| Statement of Net Position (pg. 3.589) | |
| Statement of Activities (pg. 3.590) | |
| Discussion of Government-Wide Statements (pg. 3.590) | |
| Review -1 Prepare a Statement of Activities (pg. 3.593) | |
| Fund Financial Statements (pg. 3.593) | |
| Major Funds (pg. 3.594) | |
| Governmental Funds Financial Statements (pg. 3.594) | |
| Review -2 Reconcile the Change in Fund Balances to Change in Net Position (pg. 3.601) | |
| Proprietary Funds Financial Statements (pg. 3.601) | |
| Comparison of Government-Wide and Funds Information (pg. 3.606) | |
| Governmental Activities (pg. 3.606) | |
| Business-Type Activities (pg. 3.607) | |
| Notes and Required Supplementary Information (pg. 3.608) | |
| Budgetary Comparison Schedules (pg. 3.608) | |
| Capital Assets, Infrastructure, Investments, Defined Benefit Pension Plans, AND OTHER POSTEMPLOYMENT (pg. 3.610) | |
| Capital Assets and Infrastructure (pg. 3.610) | |
| Investments (pg. 3.610) | |
| Defined Benefit Pension and OPEB Liabilities (pg. 3.611) | |
| Financial Reporting Model Improvements (pg. 3.612) | |
| Comprehensive Illustration: Preparation of Government-Wide Statements and Fund Statements for ACFR (pg. 3.614) | |
| Full Accrual Entries for Governmental Funds (pg. 3.615) | |
| Review of Key Concepts (pg. 3.620) | |
| Multiple Choice Questions (pg. 3.620) | |
| CPA Exam Questions (pg. 3.623) | |
| Data Analytics, Data Visualization, and Excel Activities (pg. 3.624) | |
| Exercises (pg. 3.624) | |
| Problems (pg. 3.631) | |
| CPA Simulations and Practice Exams (pg. 3.642) | |
| Review Solutions (pg. 3.642) | |
| Chapter 13: Private Not-For-Profit Organizations (pg. 3.644) | |
| Beta Alpha Psi (pg. 3.644) | |
| Characteristics of Private Not-For-Profit (NFP) Organizations (pg. 3.645) | |
| Voluntary health and welfare organizations (VHWOs). (pg. 3.645) | |
| Colleges and universities. (pg. 3.645) | |
| Other private NFP organizations. (pg. 3.645) | |
| NFP Reporting Environment (pg. 3.646) | |
| External Financial Reporting Requirements: General Concepts (pg. 3.646) | |
| Presentation of Financial Statements (pg. 3.648) | |
| Statement of Financial Position (pg. 3.648) | |
| Statement of Activities (pg. 3.650) | |
| Intermediate Performance Measures (pg. 3.653) | |
| Statement of Cash Flows (pg. 3.654) | |
| Liquidity Disclosures (pg. 3.655) | |
| Accounting for Contributions Received (pg. 3.656) | |
| Unconditional and Unrestricted Cash Contributions (pg. 3.657) | |
| Unconditional and Unrestricted Contributions of Goods and Services (pg. 3.657) | |
| Donor-Imposed Time and Purpose Restrictions (pg. 3.658) | |
| Donor-Imposed Conditions (pg. 3.660) | |
| Donor-Imposed Restrictions in Perpetuity (pg. 3.661) | |
| Contributions of Long-Lived Assets (pg. 3.661) | |
| Split-Interest Agreements (pg. 3.662) | |
| Contributions Received on Behalf of Others (pg. 3.664) | |
| Review -1 Accounting for Contributions (pg. 3.664) | |
| Accounting for Investments (pg. 3.665) | |
| Review -2 Reporting for Investments (pg. 3.666) | |
| Comprehensive Illustration of NFP Accounting: Northeastern Heart Society (pg. 3.666) | |
| Reporting Issues for Specific Not-For-Profit Organizations (pg. 3.671) | |
| Voluntary Health and Welfare Organizations (pg. 3.671) | |
| Colleges and Universities (pg. 3.671) | |
| Health Care Organizations (pg. 3.672) | |
| Review of Key Concepts (pg. 3.673) | |
| Multiple Choice Questions (pg. 3.674) | |
| CPA Exam Questions (pg. 3.677) | |
| Sample CPA Exam multiple choice questions from Gleim CPA Exam Prep are available in myBusinessCours (pg. 3.677) | |
| Exercises (pg. 3.677) | |
| Problems (pg. 3.682) | |
| CPA Simulations and Practice Exams (pg. 3.695) | |
| Review Solutions (pg. 3.695) | |
| Chapter 16: The SEC and Financial Reporting (pg. 3.802) | |
| United States Securities and Exchange Commission (pg. 3.802) | |
| Establishment of the SEC and Key Securities Legislation (pg. 3.804) | |
| Establishment of the SEC (pg. 3.805) | |
| Securities Legislation and the SEC (pg. 3.805) | |
| Definition of a Security (pg. 3.806) | |
| Organization and Structure of the SEC (pg. 3.807) | |
| SEC Pronouncements on Accounting and Auditing (pg. 3.808) | |
| Review -1 Mission and Organization of the SEC (pg. 3.808) | |
| Registration of New Securities (pg. 3.809) | |
| Periodic Reporting Requirements (pg. 3.810) | |
| EDGAR (pg. 3.810) | |
| The Annual Report: Form 10-K (pg. 3.810) | |
| Regulation S-X (pg. 3.815) | |
| The Quarterly Report: Form 10-Q (pg. 3.817) | |
| Special Reports: Form 8-K (pg. 3.817) | |
| Review -2 Registration and Periodic Reporting Requirements (pg. 3.819) | |
| Corporate Accountability and Governance (pg. 3.819) | |
| Sarbanes-Oxley Act (pg. 3.819) | |
| Audit Committees (pg. 3.820) | |
| Antifraud Provisions and Insider Trading (pg. 3.821) | |
| Proxy Statements (pg. 3.821) | |
| The Dodd-Frank Act (pg. 3.822) | |
| SEC Current Reporting Issues (pg. 3.823) | |
| Non-GAAP Performance Measures (pg. 3.823) | |
| Cybersecurity Disclosures (pg. 3.823) | |
| SPACs (pg. 3.823) | |
| ESG Disclosures (pg. 3.824) | |
| Review -3 Corporate Accountability and Governance (pg. 3.825) | |
| Review of Key Concepts (pg. 3.825) | |
| Multiple Choice Questions (pg. 3.826) | |
| CPA Exam Questions (pg. 3.828) | |
| Data Analytics, Data Visualization, and Excel Activities (pg. 3.828) | |
| Exercises (pg. 3.828) | |
| Problems (pg. 3.833) | |
| CPA Simulations and Practice Exams (pg. 3.837) | |
| Review Solutions (pg. 3.837) | |
Shelby Collins
Shelby Collins currently works as a consultant assisting companies with adoption of the new FASB revenue and lease accounting standards. Prior to this role, she taught the Masters-level accounting and auditing research course at the University at Buffalo School of Management from 2011 through 2016.
Shelby’s entire career has focused specifically on performing and communicating technical accounting research, in a diversity of settings. Immediately after receiving her Bachelors’ and Masters’ degrees in Accountancy from the University of Georgia, Shelby went on to serve as a postgraduate technical assistant at the Financial Accounting Standards Board (FASB). From there, Shelby went on to work in KPMG’s Accounting Advisory Services group, then in the Accounting Policy and Research group at Exelon Corporation in Chicago. In these roles, Shelby focused on the application of technical accounting guidance to complex and judgmental transactions.While at the University at Buffalo, finding no textbook on the market that offered a hands-on, active learning approach to accounting research, she chose to create her own course materials including handouts, lecture slides, and case studies. Many of these materials have been incorporated into this book and its supplements.
Few professionals have the opportunity to hit the ground running with a career in research; accountants often get their first shot at higher-level research projects after several years on the job. Shelby's career is unique in that she started researching before she even had the depth of knowledge afforded by several years of experience. She quickly achieved that depth of knowledge through her work as a researcher. She therefore understands how to convey complex accounting concepts alongside the basic skills necessary for success in research, in a language that beginning researchers can understand. Her enthusiasm for teaching will serve as an asset to students utilizing this book.
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.
Susan S. Hamlen
Susan S. Hamlen is the former Department Chair and Associate Professor of Accounting at the University at Buffalo School of Management. She received her PhD and MS at Purdue University and her BS at the University of California, Berkeley.
Professor Hamlen is the author of Advanced Accounting 4e and previously co-authored 12 editions of advanced accounting texts. She has taught courses in advanced accounting for over twenty-four years and courses in financial accounting for over nine years, at the undegraduate and graduate levels.
Professor Hamlen's research interests are in the area of reporting for financial derivatives and international reporting. She has publications in Journal of Derivatives Accounting, Theoretical Economics Letters, and in other accounting and analysis journals.
Professor Hamlen is an active member of the American Accounting Association and other accounting, analysis, and business organizations.
| Skills for Accounting Research, 4e - FASB Codification & eIFRS (Collins, Salzman) | |
|---|---|
|
Errata Last Updated: Feb 28 2020 |
Corrections to identified errors in text |
| Advanced Accounting, 5e (Hopkins, Halsey) | |
|---|---|
|
Errata Last Updated: Dec 11 2023 |
Here are corrections to the text identified after the book's printing. |
|
Errata Last Updated: Dec 11 2023 |
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/. |
| Advanced Accounting, 5e (Hamlen) | |
|---|---|
|
Errata Last Updated: Mar 6 2023 |
Corrections to identified errors in the first printing. |
|
Excel Templates Last Updated: Jun 14 2023 |
Excel spreadsheets for select assignments are provided on the book’s website. These spreadsheets will save time in data entry and allow students to dedicate additional time to learning the material. The Excel spreadsheets are identified by the Excel icon. |
|
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/. |
