Session 4 - Projection

Session 4 - Projection - AC 611: Financial Accounting...

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Fall 2010 Professor Keating Session #4 AC 611: Financial Accounting Problems I
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Session #4 Balance Sheet Classifications: Pg. 2 Assets Current market value Amortized cost or current market value Net realizable value Lower of (historical) cost or current market value Historical cost minus accumulated depreciation except that fair market value is used when “impaired” © Elizabeth K. Keating, 2010 AC 611: Financial Accounting Problems I
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Session #4 Balance Sheet Classifications: biliti d Ei t Pg. 3 Liabilities and Equity Amount due at maturity Historical cost Discounted present value Historical par value Historical cost Mixture of different measurement bases © Elizabeth K. Keating, 2010
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Session #4 Balance Sheet Valuation Methods Pg. 4 Balance Sheet Account Type Contra Account Associated I/S or OCI Account Valuation Basis Net B/S Value Cash Asset None None Current Market Value Trading Securities Asset Market Adjustment Account Unrealized Gain or Loss (I/S) Realized Gain or Loss (I/S) Fair Value Current Market Value Investments Available for Sale Asset Market Adjustment Account Unrealized Gain or Loss (OCI) Realized Gain or Loss (I/S) Fair Value Current Market Value vestments Held to Purchase Price plus/ Investments Held to Maturity (Bonds) Asset Premium or Discount Interest Income Amortized Cost (minus) amortized discount/(premium) Receivables Asset Allowance for Doubtful Accounts
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This note was uploaded on 03/02/2011 for the course AC 611 taught by Professor Keating during the Spring '11 term at Bentley.

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Session 4 - Projection - AC 611: Financial Accounting...

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