NOT IN USE - Custom ACC 280.K - Intermediate Accounting II (UT Austin)

by Hanlon

ISBN: 0000000000 | Copyright 2022

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Intermediate Accounting, 2e (pg. 1.3-1)
Chapter 3: Income Statement and Comprehensive Income (pg. 1.3-1)
LO 3-1 Prepare an income statement using single-step and multiple-step formats, focusing on income f (pg. 1.3-3)
Income Statement Formats (pg. 1.3-4)
Demo 3-1 Multiple-Step and Single-Step Income Statement Formats (pg. 1.3-5)
Review 3-1 Multiple-Step and Single-Step Income Statement Formats (pg. 1.3-6)
LO 3-2 Report the impact of unusual and infrequent items (pg. 1.3-7)
Demo 3-2 Reporting an Unusual and/or Infrequent Item (pg. 1.3-8)
Review 3-2 Reporting an Unusual and/or Infrequent Item (pg. 1.3-9)
LO 3-3 Prepare an income statement to include discontinued operations (pg. 1.3-9)
Discontinued Business Component Sold During Reporting Period (pg. 1.3-10)
Demo 3-3A Discontinued Operations-Component Sold as of Financial Statement Date (pg. 1.3-11)
Demo 3-3B Discontinued Operations-Component Not Sold as of Financial Statement Date (pg. 1.3-13)
Review 3-3 Discontinued Operations (pg. 1.3-14)
LO 3-4 Disclose earnings per share on the income statement (pg. 1.3-15)
Demo 3-4A Earnings Per Share-With Continuing Operations Only (pg. 1.3-16)
Demo 3-4B Earnings Per Share-With Discontinued Operations (pg. 1.3-16)
Review 3-4 Earnings per Share (pg. 1.3-17)
LO 3-5 Report other comprehensive income (pg. 1.3-18)
Demo 3-5 Statement of Comprehensive Income Presentations (pg. 1.3-19)
Review 3-5 Statement of Comprehensive Income Presentations (pg. 1.3-20)
LO 3-6 Describe the statement of stockholders’ equity (pg. 1.3-21)
Demo 3-6 Statement of Stockholders’ Equity Presentation (pg. 1.3-21)
Review 3-6 Statement of Stockholders’ Equity (pg. 1.3-22)
LO 3-7 Report changes in accounting estimate, changes in accounting principle, and error corrections (pg. 1.3-22)
Change in Accounting Estimate (pg. 1.3-22)
Demo 3-7A Change in Accounting Estimate (pg. 1.3-23)
Change in Accounting Principle (pg. 1.3-24)
Demo 3-7B Change in Accounting Principle (pg. 1.3-25)
Error Correction (pg. 1.3-26)
Demo 3-7C Error Correction (pg. 1.3-27)
Summary of Accounting Changes and Error Correction (pg. 1.3-27)
Review 3-8 Interim Financial Reporting (pg. 1.3-32)
Management Judgment (pg. 1.3-29)
Income Statement Presentation and Reporting of Comprehensive Income (pg. 1.3-29)
Classification of a Disposal as Discontinued Operations (pg. 1.3-29)
Accounting for Changes in Principles and for Errors (pg. 1.3-29)
APPENDIX 3A Describe interim financial reporting (pg. 1.3-30)
Demo 3-8 Interim Financial Reporting (pg. 1.3-32)
Review 3-8 Interim Financial Reporting (pg. 1.3-32)
Questions (pg. 1.3-33)
Brief Exercises (pg. 1.3-34)
Exercises (pg. 1.3-35)
Problems (pg. 1.3-40)
Accounting Decisions and Judgments (pg. 1.3-45)
Appendix-Brief Exercises (pg. 1.3-48)
Appendix-Exercises (pg. 1.3-49)
Appendix-Problems (pg. 1.3-50)
Answers to Review Exercise (pg. 1.3-51)
Chapter 9: Inventory: Measurement (pg. 1.9-1)
LO 9-1 Determine the physical items included in ending inventory (pg. 1.9-3)
Recognition of Inventory (pg. 1.9-3)
Initial Measurement of Inventory (pg. 1.9-4)
Demo 9-1 Recognition and Measurement of Inventory (pg. 1.9-5)
Review 9-1 Measurement of Ending Inventory (pg. 1.9-6)
LO 9-2 Demonstrate accounting in a periodic inventory system (pg. 1.9-6)
Cost Flow in a Periodic System (pg. 1.9-7)
Accounting for Purchase Discounts in a Periodic System (pg. 1.9-7)
Demo 9-2A Periodic Inventory System-Gross Method (pg. 1.9-7)
Demo 9-2B Periodic Inventory System—Net Method (pg. 1.9-9)
Review 9-2 Periodic Inventory System (pg. 1.9-9)
LO 9-3 Demonstrate specific identification, average cost, FIFO, and LIFO in a periodic inventory sy (pg. 1.9-9)
Inventory Cost-Flow Assumptions in a Periodic Inventory System (pg. 1.9-10)
Demo 9-3A Specific Identification—Periodic Inventory System (pg. 1.9-11)
Demo 9-3B Average Cost-Periodic Inventory System (pg. 1.9-12)
Demo 9-3C FIFO—Periodic Inventory System (pg. 1.9-13)
Demo 9-3D LIFO-Periodic Inventory System (pg. 1.9-13)
Comparing Inventory Methods (pg. 1.9-14)
Review 9-3 Inventory Methods under the Periodic Inventory System (pg. 1.9-15)
LO 9-4 Demonstrate accounting in a perpetual inventory system (pg. 1.9-15)
Cost Flow in a Perpetual System (pg. 1.9-15)
Accounting for Purchase Discounts in a Perpetual System (pg. 1.9-16)
Demo 9-4A Perpetual Inventory System—Gross Method (pg. 1.9-16)
Demo 9-4B Perpetual Inventory System—Net Method (pg. 1.9-17)
Review 9-4 Perpetual Inventory System (pg. 1.9-18)
LO 9-5 Demonstrate moving average, FIFO, and LIFO in a Perpetual inventory system (pg. 1.9-18)
Demo 9-5A Moving Average-Perpetual Inventory System (pg. 1.9-18)
Demo 9-5B FIFO—Perpetual Inventory System (pg. 1.9-19)
Demo 9-5C LIFO—Perpetual Inventory System (pg. 1.9-20)
Review 9-5 Inventory Methods under a Perpetual Inventory System (pg. 1.9-21)
LO 9-6 Explain and compute a LIFO reserve (pg. 1.9-21)
Demo 9-6 LIFO Reserve (pg. 1.9-22)
Review 9-6 LIFO Reserve (pg. 1.9-22)
LO 9-7 Describe and compute the effect of LIFO liquidation (pg. 1.9-23)
Demo 9-7 Computation of LIFO Liquidation (pg. 1.9-24)
Review 9-7 LIFO Liquidation (pg. 1.9-24)
LO 9-8 Apply the dollar-value LIFO method (pg. 1.9-25)
Step One: Restate Ending Inventory at Base Year Dollars (pg. 1.9-25)
Step Two: Arrange Restated Inventory Balance into Layers (pg. 1.9-25)
Step Three: Match Layers to the Appropriate Price Indices (pg. 1.9-26)
Step Four: Restate Layers of Inventory into Current Year Dollars (pg. 1.9-26)
Demo 9-8 Dollar-Value LIFO Method (pg. 1.9-26)
Review 9-8 Dollar-Value LIFO Method (pg. 1.9-27)
LO 9-9 Perform inventory ratio analysis and interpretation (pg. 1.9-28)
Inventory Ratios (pg. 1.9-28)
Demo 9-9 Inventory Ratio Analysis and Interpretation (pg. 1.9-28)
Review 9-9 Inventory Ratio Analysis (pg. 1.9-29)
Management Judgment (pg. 1.9-29)
Management Choice of Inventory Method (pg. 1.9-30)
Management Decisions in Measuring Inventory (pg. 1.9-30)
Questions (pg. 1.9-31)
Brief Exercises (pg. 1.9-32)
Exercises (pg. 1.9-34)
Problems (pg. 1.9-42)
Accounting Decisions and Judgments (pg. 1.9-48)
Answers to Review Exercises (pg. 1.9-53)
Chapter 10: Inventory: Additional Issues (pg. 1.10-1)
LO 10-1 Apply lower-of-cost-or-net realizable value rule to inventory (pg. 1.10-3)
Lower-of-Cost-or-Net Realizable Value Rule (pg. 1.10-3)
Demo 10-1 Application of Lower-of-Cost-or-Net Realizable Value Rule (pg. 1.10-5)
Review 10-1 Application of Lower-of-Cost-or-Net Realizable Value Rule (pg. 1.10-7)
LO 10-2 Apply lower-of-cost-or-market rule to inventory (pg. 1.10-7)
Inconsistency in Applying the Inventory Adjustment Rules (pg. 1.10-8)
Demo 10-2 Application of Lower-of-Cost-or-Market Rule (pg. 1.10-8)
Review 10-2 Application of Lower-of-Cost-or-Market Rule (pg. 1.10-10)
LO 10-3 Demonstrate the relative sales value method to allocate costs to inventory (pg. 1.10-10)
Demo 10-3 Relative Sales Value Method (pg. 1.10-10)
Review 10-3 Relative Sales Value Method (pg. 1.10-11)
LO 10-4 Demonstrate the gross profit method to estimate inventory (pg. 1.10-11)
Applying the Gross Profit Method (pg. 1.10-12)
Gross Profit Method-Uses and Limitations (pg. 1.10-12)
Demo 10-4 Estimate Inventory Using Gross Profit Method (pg. 1.10-13)
Review 10-4 Gross Profit Method (pg. 1.10-13)
LO 10-5 Demonstrate accounting for purchase commitments (pg. 1.10-13)
Demo 10-5 Purchase Commitment (pg. 1.10-14)
Review 10-5 Purchase Commitment (pg. 1.10-15)
LO 10-6 Describe accounting treatment for changes in inventory methods (pg. 1.10-15)
Demo 10-6A Change in Inventory Method-Retrospective Approach (pg. 1.10-17)
Demo 10-6B Change in Inventory Method—Prospective Approach (pg. 1.10-19)
Review 10-6 Change in Inventory Method (pg. 1.10-19)
LO 10-7 Describe accounting treatment of inventory errors (pg. 1.10-20)
Demo 10-7 Inventory Errors (pg. 1.10-21)
Review 10-7 Inventory Errors (pg. 1.10-22)
LO 10-8 Estimate ending inventory using the average cost and conventional retail methods (pg. 1.10-23)
Average Cost and Conventional Retail Inventory Methods (pg. 1.10-23)
Demo 10-8A Retail Inventory Method-Average Cost Method (pg. 1.10-24)
Demo 10-8B Retail Inventory Method-Conventional Method (pg. 1.10-25)
Complicating Factors for Retail Inventory Method (pg. 1.10-26)
Demo 10-8C Retail Inventory Method-Conventional Method with Complicating Items (pg. 1.10-26)
Review 10-8 Retail Inventory Method-Conventional Metho (pg. 1.10-27)
Management Judgment (pg. 1.10-28)
Lower-of-Cost-or-Net Realizable Rule and the Lower-of-Cost-or-Market Rule (pg. 1.10-28)
Retail Inventory Method (pg. 1.10-28)
Purchase Commitments (pg. 1.10-28)
Gross Profit Method (pg. 1.10-28)
APPENDIX 10A Estimate ending inventory using LIFO retail and dollar-value LIFO retail methods (pg. 1.10-29)
LIFO Retail Method (pg. 1.10-29)
Demo 10-9A LIFO Retail Method (pg. 1.10-29)
Demo 10-9B Dollar-Value LIFO Method (pg. 1.10-30)
Review 10-9 LO10-9 LIFO Retail and Dollar Value LIFO Retail Methods (pg. 1.10-33)
Questions (pg. 1.10-33)
Brief Exercises (pg. 1.10-34)
Exercises (pg. 1.10-37)
Problems (pg. 1.10-45)
Accounting Decisions and Judgments (pg. 1.10-51)
Appendix-Questions (pg. 1.10-53)
Appendix-Brief Exercises (pg. 1.10-53)
Appendix-Exercises (pg. 1.10-54)
Appendix-Problems (pg. 1.10-55)
Answers to Review Exercises (pg. 1.10-56)
Chapter 12: Depreciation, Impairments, and Depletion (pg. 1.12-1)
LO 12-1 Calculate depreciation using straight-line, sum-of-the-years’-digits, declining-balance, an (pg. 1.12-3)
Calculation of Depreciation Expense (pg. 1.12-4)
Demo 12-1A Straight-Line Depreciation Method (pg. 1.12-4)
Demo 12-1B Sum-of-the-Years’-Digits Depreciation Method (pg. 1.12-6)
Demo 12-1C Double-Declining-Balance Depreciation Method (pg. 1.12-7)
Demo 12-1D Units-of-Production Depreciation Method (pg. 1.12-9)
Comparison of Depreciation Methods (pg. 1.12-9)
Review 12-1 Depreciation Methods (pg. 1.12-11)
LO 12-2 Account for depreciation in partial periods (pg. 1.12-11)
Demo 12-2A Depreciation Prorated for Partial Period (pg. 1.12-12)
Demo 12-2B Policy Convention Applied to Partial Period (pg. 1.12-13)
Review 12-2 Partial Period Depreciation (pg. 1.12-14)
LO 12-3 Calculate depreciation using group and composite depreciation methods (pg. 1.12-15)
Demo 12-3 Composite Depreciation Method (pg. 1.12-16)
Review 12-3 Composite Depreciation Method (pg. 1.12-17)
LO 12-4 Account for changes in estimate as they relate to depreciation (pg. 1.12-17)
Demo 12-4 Change in Accounting Estimate (pg. 1.12-18)
Review 12-4 Change in Accounting Estimate (pg. 1.12-18)
LO 12-5 Account for changes in depreciation methods (pg. 1.12-19)
Demo 12-5 Change in Depreciation Method (pg. 1.12-19)
Review 12-5 Change in Depreciation Method (pg. 1.12-20)
LO 12-6 Account for errors in reporting property, plant, and equipment (pg. 1.12-20)
Demo 12-6 Correction of Error (pg. 1.12-21)
Review 12-6 Correction of Depreciation Error (pg. 1.12-21)
LO 12-7 Account for impairments of property, plant, and equipment (pg. 1.12-21)
Identification of Asset Impairment (pg. 1.12-21)
Demo 12-7 Impairment of Fixed Assets (pg. 1.12-23)
Review 12-7 Impairment of Fixed Assets (pg. 1.12-24)
LO 12-8 Account for assets held for sale (pg. 1.12-24)
Management Judgment (pg. 1.12-25)
Grouping Assets for Impairment Testing (pg. 1.12-25)
Applying Impairment Testing (pg. 1.12-26)
Management Judgment Highlighted in Financial Reporting (pg. 1.12-26)
Demo 12-8 Asset Held for Sale (pg. 1.12-26)
Review 12-8 Assets Held for Sale (pg. 1.12-27)
LO 12-9 Describe property, plant, and equipment disclosures and ratio analyses (pg. 1.12-28)
Disclosures (pg. 1.12-28)
Ratio Analysis (pg. 1.12-28)
Relation between Depreciation Method and Return on Assets (pg. 1.12-28)
Demo 12-9 Ratio Analysis (pg. 1.12-29)
Review 12-9 Ratio Analysis (pg. 1.12-30)
LO 12-10 Record acquisition and depletion of natural resources (pg. 1.12-30)
Demo 12-10A Natural Resource Acquisition, Depletion, Sale (pg. 1.12-31)
Demo 12-10B Depletion of Exploration Costs in Oil and Gas (pg. 1.12-33)
Reveiw 12-10 Accounting for Natural Resources (pg. 1.12-34)
APPENDIX 12A Calculate MACRS (tax) depreciation (pg. 1.12-34)
Demo 12-11 MACRS Depreciation Calculation (pg. 1.12-35)
Review 12-11 MACRS Depreciation (pg. 1.12-35)
Questions (pg. 1.12-35)
Brief Exercises (pg. 1.12-36)
Exercises (pg. 1.12-38)
Problems (pg. 1.12-47)
Accounting Decisions and Judgments (pg. 1.12-54)
Appendix-Questions (pg. 1.12-57)
Appendix-Brief Exercises (pg. 1.12-57)
Appendix-Exercises (pg. 1.12-58)
Appendix-Problem (pg. 1.12-58)
Answers to Review Exercises (pg. 1.12-58)
Chapter 17: Accounting for Leases (pg. 1.17-1)
Expanded Chapter Preview (pg. 1.17-3)
LO17-1 Determine lease types for lessees and lessors and classify leases using lease criteria (pg. 1.17-4)
Definition of a Lease (pg. 1.17-4)
Lease Classification Criteria (pg. 1.17-8)
Lease Classification (pg. 1.17-10)
Demo 17-1 Analysis of Lease Classification Criteria (pg. 1.17-11)
Review 17-1 Determine Lease Classification (pg. 1.17-12)
LO 17-2 Account for a finance lease for a lessee (pg. 1.17-12)
Lease Liability (pg. 1.17-13)
Right-of-Use-Asset (pg. 1.17-13)
Demo 17-2A Lessee—Finance Lease with No Residual Value (pg. 1.17-15)
Demo 17-2B Lessee—Finance Lease with Guaranteed Residual Value (pg. 1.17-19)
Demo 17-2C Lessee—Finance Lease with Purchase Option Expected to Exercise (pg. 1.17-22)
Management Judgment (pg. 1.17-24)
Identifying a Lease (pg. 1.17-24)
Classifying a Lease (pg. 1.17-24)
Accounting for a Lease (pg. 1.17-24)
Review 17-2 Accounting for a Finance Lease by Lessee (pg. 1.17-24)
LO17-3 Account for a sales-type lease for a lessor (pg. 1.17-25)
Lease Receivable (pg. 1.17-25)
Calculation of Lease Payment (pg. 1.17-26)
Initial Direct Lease Costs (pg. 1.17-26)
Demo 17-3A Lessor—Sales-Type Lease with No Residual Value (pg. 1.17-26)
Demo 17-3B Lessor—Sales-Type Lease with a Guaranteed Residual Value (pg. 1.17-29)
Review 17-3 Account for Sales-Type Lease by Lessor (pg. 1.17-32)
LO17-4 Account for an operating lease for a lessee (pg. 1.17-33)
Straight-Line Lease Expense (pg. 1.17-33)
Demo 17-4A Lessee—Operating Lease (pg. 1.17-34)
Demo 17-4B Lessee—Operating Lease with Prepayment, Initial Cost, Incentive (pg. 1.17-37)
Review 17-4 Accounting for Operating Lease by Lessee (pg. 1.17-41)
LO17-5 Account for an operating lease for a lessor (pg. 1.17-42)
Demo 17-5 Lessor—Operating Lease (pg. 1.17-42)
Review 17-5 Accounting for Operating Lease by Lessor (pg. 1.17-44)
LO17-6 Explain lease modifications and lease remeasurements (pg. 1.17-44)
Lease Modifications (pg. 1.17-44)
Additional Cases of Lease Classification Reassessment and Lease Remeasurement (pg. 1.17-44)
Demo 17-6 Lease Modifications (pg. 1.17-45)
Review 17-6 Lease Modifications (pg. 1.17-47)
LO17-7 Explain the accounting policy election for short-term leases and other lease disclosures (pg. 1.17-47)
Short-Term Leases (pg. 1.17-47)
Demo 17-7 Short-Term Leases (pg. 1.17-48)
Financial Statement Reporting of Leases (pg. 1.17-48)
Review 17-7 Accounting for Operating Lease by Lessor (pg. 1.17-50)
APPENDIX 17A Account for direct financing leases by the lessor (pg. 1.17-50)
Demo 17-8 Lessor—Direct Financing Lease (pg. 1.17-51)
Review 17-8 Accounting for Direct Financing Leases (pg. 1.17-53)
APPENDIX 17B Describe the difference in accounting for a sale-leaseback versus a failed sale (pg. 1.17-54)
Demo 17-9 Sale-leaseback and Failed Sale (pg. 1.17-55)
Review 17-9 Accounting for Sale-Leaseback (pg. 1.17-57)
Questions (pg. 1.17-57)
Brief Exercises (pg. 1.17-58)
Exercises (pg. 1.17-61)
Problems (pg. 1.17-71)
Accounting Decisions and Judgments (pg. 1.17-76)
Appendix-Brief Exercises (pg. 1.17-80)
Appendix-Exercises (pg. 1.17-80)
Answers to Review Exercises (pg. 1.17-81)
Chapter 19: Pensions and Postretirement Benefits (pg. 1.19-1)
Expanded Chapter Preview (pg. 1.19-3)
LO19-1 Describe defined contribution plans and defined benefit plans and the measurement of related (pg. 1.19-4)
Defined Contribution Plan (pg. 1.19-4)
Demo 19-1A Accounting for Defined Contribution Plan (pg. 1.19-5)
Defined Benefit Plan (pg. 1.19-5)
Demo 19-1B Estimating Pension Obligations (pg. 1.19-7)
Review 19-1 Defined Contribution and Defined Benefit Pension Plans (pg. 1.19-8)
LO19-2 Determine the five components of change in projected benefit obligation (pg. 1.19-9)
Component Changes in the Projected Benefit Obligation (pg. 1.19-9)
Demo 19-2 Recognizing Changes in the Projected Benefit Obligation (pg. 1.19-10)
Review 19-2 Determine Changes in the Components of PBO (pg. 1.19-11)
LO19-3 Reconcile pension plan assets and determine funded status (pg. 1.19-11)
Reconciliation of Plan Assets (pg. 1.19-11)
Demo 19-3A Reconcile Pension Plan Assets (pg. 1.19-12)
Financial Statement Reporting of Funded Status (pg. 1.19-12)
Demo 19-3B Determination of Funded Status (pg. 1.19-13)
Review 19-3 Reconciliation of Plan Assets and Determination of Plan’s Funded Status (pg. 1.19-14)
LO19-4 Determine the five components of pension expense (pg. 1.19-15)
Service Cost (pg. 1.19-15)
Interest Cost (pg. 1.19-15)
Expected Return on Plan Assets (pg. 1.19-15)
Amortization of Prior Service Cost (pg. 1.19-16)
Amortization of Pension Gain/Loss (pg. 1.19-16)
Demo 19-4 Components of Pension Expense (pg. 1.19-17)
Review 19-4 Components of Pension Expense (pg. 1.19-19)
LO19-5 Record prior service cost amendment, pension expense, gains and losses, funding, and benefits (pg. 1.19-19)
Recording Prior Service Cost Amendment (pg. 1.19-19)
Recording Pension Expense (pg. 1.19-19)
Recording Deferral of Pension Gains and Losses (pg. 1.19-20)
Recording Employer Contributions (pg. 1.19-20)
Recording Benefits Paid (pg. 1.19-20)
Demo 19-5 Recording the Impact of Defined Benefit Plan (pg. 1.19-20)
Review 19-5 Recording the Impact of a Defined Benefit Plan (pg. 1.19-22)
LO19-6 Describe the reporting of pensions in financial statements (pg. 1.19-23)
Income Statement (pg. 1.19-23)
Statement of Comprehensive Income and Statement of Stockholders’ Equity (pg. 1.19-23)
Balance Sheet (pg. 1.19-23)
Demo 19-6 Pension Plan Reporting (pg. 1.19-24)
Disclosure Requirements (pg. 1.19-25)
Management Judgment (pg. 1.19-25)
Review 19-6 Reporting a Defined Benefit Pension Plan (pg. 1.19-26)
LO19-7 Use a pension worksheet to record pension journal entries (pg. 1.19-26)
Demo 19-7 Preparation of a Pension Worksheet (pg. 1.19-27)
Review 19-7 Record Pension Entries Using a Pension Worksheet (pg. 1.19-28)
APPENDIX 19A Explain postretirement benefit plans and differences from pensions plans (pg. 1.19-28)
Disclosure (pg. 1.19-29)
Demo 19-8 Determining Obligations for Postretirement Benefit Plan (pg. 1.19-30)
Review 19-8 Determining Obligations for Postretirement Benefit Plan (pg. 1.19-31)
APPENDIX 19-9B Record postretirement benefit expense, gains and losses, funding, and benefit (pg. 1.19-31)
Demo 19-9 Recording Entries for Postretirement Benefit Plan (pg. 1.19-31)
Review 19-9 Recording Entries for Postretirement Benefit Plan (pg. 1.19-34)
APPENDIX 19C Allocate prior service cost using the service method (pg. 1.19-34)
Demo 19-10 Allocation of Prior Service Cost (pg. 1.19-35)
Review 19-10 Allocation of Prior Service Costs (pg. 1.19-35)
Questions (pg. 1.19-36)
Brief Exercises (pg. 1.19-36)
Exercises (pg. 1.19-39)
Problems (pg. 1.19-46)
Accounting Decisions and Judgments (pg. 1.19-51)
Appendix-Brief Exercises (pg. 1.19-58)
Appendix-Exercises (pg. 1.19-59)
Appendix-Problems (pg. 1.19-60)
Answers to Review Exercises (pg. 1.19-61)
Chapter 21: Share-Based Compensation and Earnings per Share (pg. 1.21-1)
LO21-1 Account for restricted stock plans (pg. 1.21-3)
Restricted Stock SHARE Awards (pg. 1.21-3)
Restricted Stock UNIT Awards (pg. 1.21-4)
Demo 21-1A Accounting for Restricted Stock Shares (pg. 1.21-4)
Demo 21-1B Accounting for Restricted Stock Units (pg. 1.21-5)
Review 21-1 Accounting for Restricted Stock Plans (pg. 1.21-7)
LO21-2 Account for stock options (pg. 1.21-8)
Demo 21-2 Accounting for Restricted Stock Units (pg. 1.21-10)
Review 21-2 Accounting for Stock Options (pg. 1.21-13)
LO21-3 Account for employee share purchase plans (pg. 1.21-13)
Demo 21-3 Accounting for Employee Share Purchase Plans (pg. 1.21-14)
Review 21-3 Accounting for Employee Share Purchase Plans (pg. 1.21-15)
LO21-4 Compute earnings per share (EPS) with a simple capital structure (pg. 1.21-15)
Demo 21-4 Earning per Share Calculation—Simple Capital Structure (pg. 1.21-15)
Review 21-4 Calculation of Basic EPS (pg. 1.21-16)
LO21-5 Compute EPS given share issuances, buybacks, dividends, -and splits (pg. 1.21-16)
Share Issuances and Buybacks (pg. 1.21-16)
Stock Dividends and Stock Splits (pg. 1.21-16)
Preferred Stock Dividends (pg. 1.21-17)
Demo 21-5 EPS Calculations—Simple Capital Structure (pg. 1.21-17)
Review 21-5 Calculation of Basic EPS (pg. 1.21-20)
LO 21-6 Compute EPS using if-converted method for convertible securities (pg. 1.21-20)
Convertible Bonds and Convertible Preferred Stock (pg. 1.21-21)
Demo 21-6A EPS Calculations—Convertible Bonds (pg. 1.21-22)
Demo 21-6B EPS Calculations—Convertible Preferred Stock (pg. 1.21-24)
Review 21-6 Calculation of EPS-Convertible Bonds and Convertible Preferred Stock (pg. 1.21-25)
LO21-7 Compute EPS using treasury stock method for options, warrants, and restricted stock (pg. 1.21-25)
Stock Options and Warrants (pg. 1.21-25)
Demo 21-7A EPS Calculations—Convertible Preferred Stock (pg. 1.21-26)
Demo 21-7B EPS Calculations—Restricted Stock (pg. 1.21-28)
Review 21-7 EPS Calculations-Options and Restricted Stock (pg. 1.21-29)
LO21-8 Compute EPS using contingent methods (pg. 1.21-30)
Demo 21-8 Compute EPS Given Contingently Issuable Shares (pg. 1.21-30)
Review 21-8 Calculation of EPS Given Contingently Issuable Shares (pg. 1.21-31)
LO21-9 Compute EPS given multiple securities and describe EPS financial statement presentation (pg. 1.21-31)
Demo 21-9 Compute EPS Given Contingently Issuable Shares (pg. 1.21-31)
Presentation and Disclosure of EPS (pg. 1.21-33)
Review 21-9 Calculation of EPS—Multiple Securities (pg. 1.21-34)
Management Judgment (pg. 1.21-35)
Share-Based Compensation (pg. 1.21-35)
EPS Calculations (pg. 1.21-35)
APPENDIX 21A Describe accounting for stock appreciation rights (pg. 1.21-35)
Recording SARs as Equity (pg. 1.21-36)
Recording SARs as a Liability (pg. 1.21-36)
Demo 21-10 Stock Appreciation Rights (pg. 1.21-36)
Review 21-10 Accounting for Stock Appreciation Rights (pg. 1.21-38)
Questions (pg. 1.21-38)
Brief Exercises (pg. 1.21-39)
Exercises (pg. 1.21-41)
Problems (pg. 1.21-48)
Accounting Decisions and Judgments (pg. 1.21-52)
Appendix-Brief Exercises (pg. 1.21-57)
Appendix-Problems (pg. 1.21-58)
Answers to Review Exercise (pg. 1.21-59)
Michelle L. Hanlon

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.


Intermediate Accounting, 2e (Hanlon, Hodder, Nelson, Roulstone, Dragoo)
Errata - Volume 1
Last Updated: Feb 4 2022

Identified errors in Volume 1 of printed text, corrected.

Errata - Volume 2
Last Updated: Feb 15 2022

Identified errors in Volume 2 of printed text, corrected.

Appendix B
Last Updated: Jul 1 2020

Appendix B - IFRS

Appendix C
Last Updated: Jun 24 2020

Appendix C - Data Analytics

Data Analytics Files
Last Updated: Nov 5 2020