Tài liệu Kế Toán - Kiểm Toán

American Institute of Certified Public Accountants 1937 through 1973 Accounting Research Bulletins Opinions of the Accounting Principles Board Financial Accounting Standards Board Statements of Financial Accounting Standards

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For companies with goodwill, is amortization reasonable? If majority owned company is not consolidated, what is impact? For companies using equity method, how much cash dividends are actually being received?

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More strict measure of short-term liquidity Numerator includes only quick current assets Assets readily converted to cash Cash + Short-term investments + Net Current Receivables

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Valuation for financial statements Adjust Investment account to market Record Unrealized Gain(Loss) for change Unrealized gain or loss shown on income statement

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Bond promises two future cash flows Periodic interest payments Principal at maturity Price of bond today is the sum of the present value of these two future cash flows discounted at the interest rate the investor desires to earn (market rate)

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Involves more than 20-25% of previously outstanding shares Transfer from retained earnings to paid-in capital an amount equal to par value of shares Reasoning is that large stock dividend should decrease market value

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Stated dividend rate Percentage of par Dollar amount per share Cumulative Undeclared dividends accumulate Unpaid dividends are dividends in arrears

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Depreciable Asset - Truck Invoice price $20,000 Cash discount 2% Modifications $3,400 Estimated residual value $2,000 Useful life - 4 years or 200,000 miles Acquisition date - January 8, 19X1

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With other inventory cost methods, we make an assumption of the movement of costs through the accounting system. This "flow" of costs through the system need not match the movement of product through the business.

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At issuance Increase Cash for face value less discount Increase Discount on Notes Payable for discount Increase Notes Payable for face value

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