tailieunhanh - Lecture Intermediate accounting (Volume 1, IFRS edition): Chapter 11 - Kieso, Weygandt, Warfield

Chapter - Depreciation, impairments, and depletion. After completing this chapter you should be able to: Explain the concept of depreciation, identify the factors involved in the depreciation process, compare activity, straight-line, and decreasing-charge methods of depreciation, explain special depreciation other contents. | C H A P T E R 11 DEPRECIATION, IMPAIRMENTS, AND DEPLETION Intermediate Accounting IFRS Edition Kieso, Weygandt, and Warfield Explain the concept of depreciation. Identify the factors involved in the depreciation process. Compare activity, straight-line, and diminishing-charge methods of depreciation. Explain component depreciation. Explain the accounting issues related to asset impairment. Explain the accounting procedures for depletion of mineral resources. Explain the accounting for revaluations. Explain how to report and analyze property, plant, equipment, and mineral resources. Learning Objectives Depreciation Factors involved Methods of depreciation Component depreciation Special issues Impairments Depletion Presentation and Analysis Recognizing impairments Impairment illustrations Reversal of loss Cash-generating units Assets to be disposed of Presentation Analysis Establishing a base Write-off of resource cost Estimating reserves Liquidating dividends Presentation Depreciation, Impairments, and Depletion Revaluations Recognition Issues Allocating costs of long-term assets: Long-lived assets = Depreciation expense Intangibles = Amortization expense Mineral resources = Depletion expense Depreciation is the accounting process of allocating the cost of tangible assets to expense in a systematic and rational manner to those periods expected to benefit from the use of the asset. Depreciation - Method of Cost Allocation LO 1 Explain the concept of depreciation. Depreciation - Method of Cost Allocation LO 2 Identify the factors involved in the depreciation process. Three basic questions: Factors Involved in the Depreciation Process What depreciable base is to be used? What is the asset’s useful life? What method of cost apportionment is best? Depreciation - Method of Cost Allocation LO 2 Identify the factors involved in the depreciation process. Depreciable Base Factors Involved in the Depreciation Process Illustration 11-1 Depreciation - Method of Cost Allocation . | C H A P T E R 11 DEPRECIATION, IMPAIRMENTS, AND DEPLETION Intermediate Accounting IFRS Edition Kieso, Weygandt, and Warfield Explain the concept of depreciation. Identify the factors involved in the depreciation process. Compare activity, straight-line, and diminishing-charge methods of depreciation. Explain component depreciation. Explain the accounting issues related to asset impairment. Explain the accounting procedures for depletion of mineral resources. Explain the accounting for revaluations. Explain how to report and analyze property, plant, equipment, and mineral resources. Learning Objectives Depreciation Factors involved Methods of depreciation Component depreciation Special issues Impairments Depletion Presentation and Analysis Recognizing impairments Impairment illustrations Reversal of loss Cash-generating units Assets to be disposed of Presentation Analysis Establishing a base Write-off of resource cost Estimating reserves Liquidating dividends Presentation Depreciation,

• Kế toán - Kiểm toán
• Intermediate accounting
• Lecture Intermediate accounting
• Methods of depreciation
• Recognizing impairments
• Estimating reserves
• Liquidating dividends
• Financial Accounting
• Accounting process
• Accounting equation
• Accounting processing cycle
• Stock issuance
• Accounting changes
• Error corrections
• Accounting choices
• Theoretical structure
• Accrual accounting
• Financial accounting environment
• Accounting for leases
• Leasing environment
• Accounting by lessee
• Special accounting problems
• Cash versus accrual accounting
• International standard setting
• Accounting standards
• Accounting assists
• The challenges facing accounting
• Income taxes
• Accounting for income taxes
• Deferred tax liabilities
• Error analysis
• Accounting policy
• Accounting estimate
• Accounting policies
• Financial reporting
• Accounting information system
• Measurement issues
• Characteristics of accounting
• Capital allocation process