tailieunhanh - Lecture Intermediate accounting: Principles and analysis (2nd edition): Chapter 10 - Warfield, Weygandt, Kieso

Chapter 10 - Accounting for property, plant, and equipment. After completing this chapter you should be able to: Describe property, plant, and equipment and costs to include in its initial valuation; describe the accounting problems associated with interest capitalization; understand accounting issues related to acquiring and valuing plant assets;. | CHAPTER 10 ACCOUNTING FOR PROPERTY, PLANT, AND EQUIPMENT INTERMEDIATE ACCOUNTING Principles and Analysis 2nd Edition Warfield Weygandt Kieso Describe property, plant, and equipment and costs to include in its initial valuation. Describe the accounting problems associated with interest capitalization. Understand accounting issues related to acquiring and valuing plant assets. Describe the accounting treatment for costs subsequent to acquisition. Explain the concept of depreciation. Identify the factors involved in the depreciation process. Compare activity, straight-line, and decreasing-charge methods of depreciation. Describe the accounting treatment for the disposal of property, plant, and equipment. Explain how to report and analyze property, plant, and equipment. Learning Objectives 1. On the topic, “Challenges Facing Financial Accounting,” what did the AICPA Special Committee on Financial Reporting suggest should be included in future financial statements? Non-financial Measurements (customer satisfaction indexes, backlog information, and reject rates on goods purchases). Forward-looking Information Soft Assets (a company’s know-how, market dominance, marketing setup, well-trained employees, and brand image). Timeliness (no real time financial information) Additions Improvements and replacements Rearrangement and reinstallation Repairs Acquisition and Valuation Costs Subsequent to Acquisition Use of PP&E: Depreciation Dispositions Presentation and Analysis Acquisition costs: Land, buildings, equipment Self-constructed assets Interest costs Other valuation issues Factors involved Methods of depreciation Special issues Sale Involuntary conversion Exchanges Presentation Analysis Property, Plant, and Equipment Service Cost - Actuaries compute service cost as the present value of the new benefits earned by employees during the year. Future salary levels considered in calculation. Interest on Liability - Interest accrues each year on the PBO just as it does on any . | CHAPTER 10 ACCOUNTING FOR PROPERTY, PLANT, AND EQUIPMENT INTERMEDIATE ACCOUNTING Principles and Analysis 2nd Edition Warfield Weygandt Kieso Describe property, plant, and equipment and costs to include in its initial valuation. Describe the accounting problems associated with interest capitalization. Understand accounting issues related to acquiring and valuing plant assets. Describe the accounting treatment for costs subsequent to acquisition. Explain the concept of depreciation. Identify the factors involved in the depreciation process. Compare activity, straight-line, and decreasing-charge methods of depreciation. Describe the accounting treatment for the disposal of property, plant, and equipment. Explain how to report and analyze property, plant, and equipment. Learning Objectives 1. On the topic, “Challenges Facing Financial Accounting,” what did the AICPA Special Committee on Financial Reporting suggest should be included in future financial statements? Non-financial .

• Kế toán - Kiểm toán
• Intermediate accounting
• Lecture Intermediate accounting
• Interest costs
• Accounting for contributions
• Cost of equipment
• Cost of buildings
• Financial Accounting
• Accounting process
• Accounting equation
• Accounting processing cycle
• Stock issuance
• Estimating reserves
• Liquidating dividends
• 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