Exam_3 Topics - requirements for a contingent liability Bonds • What is a bond • How to account for bonds at issuance • How to determine

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Financial Exam #3 Topics
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Fixed Assets Initial acquisition cost capitalization Interest capitalization Depreciation Straight-line and double-declining balance Partial period Change in estimate Impairment Disposition
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Intangible Assets Definite-life intangibles What costs are initially capitalized? Amortization Impairment Indefinite-life non-goodwill intangibles Impairment Goodwill How to initially record goodwill? Impairment
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Current liabilities/contingencies What is a current liability? How to account for a short-term note? What are the criteria and
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Unformatted text preview: requirements for a contingent liability? Bonds • What is a bond? • How to account for bonds at issuance? • How to determine different components of a bond? • Recording interest expense/amortization of discount/premium • Early redemption Leases • What are the differences between operating and non-operating (capital) leases? • Capital lease criteria • How to determine minimum lease payments? • How to initially record operating and capital leases and lease payments? • IFRS vs. GAAP...
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This note was uploaded on 11/03/2010 for the course ACCTG 321 taught by Professor Will during the Spring '08 term at San Diego State.

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Exam_3 Topics - requirements for a contingent liability Bonds • What is a bond • How to account for bonds at issuance • How to determine

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