CHAPTER 23 STATEMENT OF CASH FLOWS I. Statement of Cash Flows (SOCF)
Presents information about cash flows that the other statements only provide indirectly Converts "accrual basis" net income to "cash basis"
C. SFAS 95 Requirements:
CHAPTER 22 Accounting Changes and Error Analysis I. Accounting Changes A. Change in Accounting Principle 1. 2.
If it is impracticable to determine the cumulative effect of the change, the entity shall apply the new principle as if the change was
CHAPTER 20 ACCOUNTING FOR PENSIONS
I. Types of Pension Plans A. Nature of Pension Plans 1. Provide income to employees during their retirement years. 2. The employer sponsors the plan, incurs the cost, and makes contributions. 3. The plan (a separat
CHAPTER 19 ACCOUNTING FOR INCOME TAXES I. Deferred Income Taxes A. Temporary Differences 1. Accounting Income: Determined by FASB 2. Taxable Income: Determined by IRC 3. B. 3 Steps to Record Income Taxes 1. 2. 3. C. Balance Sheet Perspective: Tax Ra
CHAPTER 16 EARNINGS PER SHARE II. Basic Earnings per Share (EPS)
A single presentation of "Basic EPS" is sufficient
the number of common shares changes, EPS calculations are based on the weighted average numb
CHAPTER 16 DILUTIVE SECURITIES I. Dilutive Securities A. Convertible Bonds 1. Can be exchanged for shares of stock at the option of the investor. 2. 3. Advantages of Convertible Bonds 4. At Issuance: Normal Entry 5. At Conversion: a. b. c. d. e.
CHAPTER 15 STOCKHOLDERS' EQUITY I. Sources of Stockholders' Equity A. Paid-In Capital: B. Retained Earnings:
Accumulated Other Comprehensive Income:
Paid-In Capital A. Share Rights
Common Stockholder: a. Voting Rights. b. Share in prof
CHAPTER 13 CURRENT LIABILITIES AND CONTINGENCIES I. Liabilities A. Three Characteristics
1. Probable, future sacrifices of economic benefits 2. That arise from present obligations 3. Resulting from past transactions
B. Current Liabilities