• Kế toán, kiểm toán - Chapter 21: Accounting changes and error analysisKế toán, kiểm toán - Chapter 21: Accounting changes and error analysis

    Future conditions and events and their effects cannot be known with certainty; therefore estimation requires exercise of judgment Use of reasonable estimates is essential to the accounting process and does not undermine the reliability of financial statements

    pptx35 trang | Chia sẻ: huyhoang44 | Ngày: 24/03/2020 | Lượt xem: 626 | Lượt tải: 0

  • Kế toán, kiểm toán - Chapter 20: LeasesKế toán, kiểm toán - Chapter 20: Leases

    Under ASPE, a classification approach is used to classify a lease as finance if it substantially transfers the risks and rewards of ownership from the lessor to the lessee If risks and rewards are not substantially transferred, the lease is classified as operating ASPE focuses on the transfer of risks and rewards of ownership for classification o...

    pptx55 trang | Chia sẻ: huyhoang44 | Ngày: 24/03/2020 | Lượt xem: 609 | Lượt tải: 0

  • Kế toán, kiểm toán - Chapter 19: Pensions and other post - Employment benefitsKế toán, kiểm toán - Chapter 19: Pensions and other post - Employment benefits

    Funded Employer sets aside money for future pension benefits in a separate legal entity Contributory Employee and employer make contributions to the plan Non-contributory Employers bear the full cost of the pension plan No contributions made by employee

    pptx45 trang | Chia sẻ: huyhoang44 | Ngày: 24/03/2020 | Lượt xem: 477 | Lượt tải: 0

  • Kế toán, kiểm toán - Chapter 18: Appendix a: Income taxesKế toán, kiểm toán - Chapter 18: Appendix a: Income taxes

    In 2017, warranty liability accrued was $200,000 and actual expenditures were $44,000 At year end, the company accrued non-taxable dividends receivable of $28,000 During 2017, non-deductible fines and penalties of $26,000 were paid The 2017 accounting income before taxes is $412,000 The enacted tax rate for 2017 is 30%, and for 2018 and futur...

    pptx12 trang | Chia sẻ: huyhoang44 | Ngày: 24/03/2020 | Lượt xem: 469 | Lượt tải: 0

  • Kế toán, kiểm toán - Chapter 18: Income taxesKế toán, kiểm toán - Chapter 18: Income taxes

    Two methods: Taxes payable method Allowed under ASPE Current Income Taxes = Taxable income x Tax rate Asset and liability approach Required by IFRS and option under ASPE Starts with Current Income Taxes and - Adjusts for future/deferred income tax assets and liabilities - Recognizes a future/deferred income tax expense

    pptx47 trang | Chia sẻ: huyhoang44 | Ngày: 24/03/2020 | Lượt xem: 546 | Lượt tải: 0

  • Kế toán, kiểm toán - Chapter 17: Earnings per shareKế toán, kiểm toán - Chapter 17: Earnings per share

    Potential/ordinary shares are securities or other financial instruments issued by a corporation that have an option for the holder to convert the security into common shares This conversion could have a negative or dilutive effect on EPS (i.e., may cause EPS to decrease) Examples: debt and equity instruments that are convertible into common share...

    pptx53 trang | Chia sẻ: huyhoang44 | Ngày: 24/03/2020 | Lượt xem: 609 | Lượt tải: 0

  • Kế toán, kiểm toán - Chapter 16: Complex financial instrumentsKế toán, kiểm toán - Chapter 16: Complex financial instruments

    Example of non-financial derivatives: contract to buy steel at a specified date for a specified price Are purchase commitments (executory contracts) “derivatives”? Value changes with value of the underlying No investment up front Settled in future

    pptx62 trang | Chia sẻ: huyhoang44 | Ngày: 24/03/2020 | Lượt xem: 539 | Lượt tải: 0

  • Kế toán, kiểm toán - Chapter 15: Shareholders’ equityKế toán, kiểm toán - Chapter 15: Shareholders’ equity

    No amounts may be distributed unless corporate capital is maintained intact Under the CBCA: There needs to be sufficient capital after the dividend to pay liabilities as they are due The realizable value of the corporate assets does not fall below the total of the liabilities and the stated and legal capital for all classes of shares Formal app...

    pptx49 trang | Chia sẻ: huyhoang44 | Ngày: 24/03/2020 | Lượt xem: 553 | Lượt tải: 0

  • Kế toán, kiểm toán - Chapter 13: Non - Financial and current liabilitiesKế toán, kiểm toán - Chapter 13: Non - Financial and current liabilities

    Financial liability is any liability that is a contractual obligation to either: deliver cash or other financial assets to another party, or to exchange financial instruments with another party under conditions that are potentially unfavourable to the entity Measurement rules are significantly different based on whether the liability is conside...

    pptx64 trang | Chia sẻ: huyhoang44 | Ngày: 24/03/2020 | Lượt xem: 532 | Lượt tải: 0

  • Kế toán, kiểm toán - Chapter 12: Intangible assets & goodwillKế toán, kiểm toán - Chapter 12: Intangible assets & goodwill

    Prepaid asset can be recognized only when an entity has paid for goods before delivery (or other access rights), or for services before receiving/using those services Prepaid assets represent the right to receive goods/services, and no longer exist once those goods/services are received (asset is de-recognized)

    pptx45 trang | Chia sẻ: huyhoang44 | Ngày: 24/03/2020 | Lượt xem: 601 | Lượt tải: 0