chapter2_toc_caa

chapter2_toc_caa - Detailed Contents Of Chapter 2...

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Detailed Contents Of Chapter 2 Investments In Equity Securities INTRODUCTION. ................ 19 Objectives .............. 1 9 Classification . ........... 2 0 Accounting Methods . ........ 2 0 Organization . 2 0 THE CONCEPTUAL BASIS FOR CLASSIFICATION 21 HELD-FOR-TRADING INVESTMENTS ....... 22 Definition 2 2 Handbook Location ............. General Definition . ............ – Application To Equity Investments . ....22 Required Accounting Procedures . ...2 3 – Initial Recognition 23 – Subsequent Measurement .......... Fair Value Method With Changes In Net Income. 2 3 AVAILABLE-FOR-SALE INVESTMENTS 24 Definition 2 4 Application To Investments In Equity Securities. 5 Initial Recognition 25 Subsequent Measurement Fair Value Method With Changes In Comprehensive Income 2 5 Cost Method 2 7 Applicability ................. 27 General Procedures Return Of Capital. SUBSIDIARIES. .................. 29 Definition 2 9 The Concept Of Control. 2 9 Handbook Definition. Varying Interpretations. Practical Interpretation. 30 Indirect Ownership. 31 Disclosure 32 Required Accounting Procedures For Subsidiaries 3 2 Consolidation Described 3 3 Variable Interest Entities 3 3 The Problem. ............... 33 The Solution - Accounting Guideline No. 15 34 SIGNIFICANTLY INFLUENCED COMPANIES . . . 34 Definition 3 4 ...3 5 General Rules 35 Equity Method 3 6 – Defined ................... 36 – Example - Basic Procedures ......... 37 – Intra Statement Disclosure . 38 – Example - Intra Statement Disclosure. ...39 – EIC Abstract No. 8 - Losses Exceed Equity Investment Balance 40 – Loss Of Significant Influence . 41 – Different Fiscal Periods. 42 Consolidation Adjustments. Disclosure For Significantly Influenced Companies 4 3 JOINT VENTURES. 44 Definition 4 4 ...4 4 Proportionate Consolidation Described . . 44 ACCOUNTING METHODS SUMMARIZED. ...45 IMPAIRMENT . 45 Significantly Influenced Companies . . . 45 General Rules Subsequent Recoveries. 46 Other Classifications Of Investments . . . 46 GAINS AND LOSSES ON THE SALE OF EQUITY INVESTMENTS. 47 (continued)
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DIFFERENTIAL REPORTING FOR INVESTMENTS IN EQUITY SECURITIES. . 47 Qualifying Enterprises ......... 4 7 Held-For-Trading And Available-For-Sale Investments ............. 4 7 Subsidiaries 4 8 General Recommendation . ........ 48 Other Requirements . ........... Significantly Influenced Companies . . . 48 General Recommendation . Joint Ventures. 5 0 General Recommendation . 50 INTERNATIONAL CONVERGENCE. ....... Held-For-Trading And Available-For-Sale Investments. ............ 5 0 Standards. ................. Differences. ................ Subsidiaries 5 1 51 Significantly Influenced Companies . . . 52 52 5 2 INVESTMENTS IN CANADIAN PRACTICE ..... 53 Statistics From Financial Reporting In Canada ............... 5 3 Example From Practice 5 3 ADDITIONAL READINGS 55
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Investments In Equity Securities Introduction Objectives 2-1. This Chapter has three objectives. Stated briefly, these are: Classification To provide you with an understanding of the classification of various types of investments in equity securities under the recommendations of the CICA Handbook . This is of particular importance in that an investment’s classification
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This note was uploaded on 03/09/2011 for the course ACCT 354 taught by Professor Wilson during the Spring '11 term at Concordia AB.

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chapter2_toc_caa - Detailed Contents Of Chapter 2...

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