(EBook PDF) Advanced Accounting 1st edition by Hoyle, Joe Ben, Schaefer, Thomas, Doupnik, Timothy 1260008681 9781260008685 full chapters

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ISBN-10 :  1260008681 

ISBN-13 : 9781260008685

Author: Hoyle, Joe Ben, Schaefer, Thomas, Doupnik, Timothy 

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Advanced Accounting 1st Table of contents:

Chapter 1: The Equity Method of Accounting for Investments
Introduction
Why Do Business Firms Invest in the Equity Shares of Other Business Firms?
The Reporting of Investments in Corporate Equity Securities
Fair-Value Method
Cost Method (Investments in Equity Securities without Readily Determinable Fair Values)
Consolidation of Financial Statements
Equity Method
Application of the Equity Method
Criterion for Utilizing the Equity Method
Accounting for an Investment—The Equity Method
Equity Method Accounting Procedures
Excess of Investment Cost over Book Value Acquired
The Amortization Process
International Accounting Standard 28—Investments in Associates
Equity Method—Additional Issues
Reporting a Change to the Equity Method
Reporting Investee’s Other Comprehensive Income and Irregular Items
Reporting Investee Losses
Reporting the Sale of an Equity Investment
Deferral of Intra-Entity Gross Profits in Inventory
Downstream Sales of Inventory
Upstream Sales of Inventory
Financial Reporting Effects and Equity Method Criticisms
Equity Method Reporting Effects
Criticisms of the Equity Method
Fair-Value Reporting for Equity Method Investments
Summary
Comprehensive Illustration
Problem
Solution
Questions
Problems
Develop Your Skills
DATA ANALYSIS CASE 1: DETERMINE MAXIMUM INVESTMENT PRICE
DATA ANALYSIS CASE 2: COMPUTE EQUITABLE TRANSFER PRICE
RESEARCH AND DISCUSSION CASE
RESEARCH AND ANALYSIS CASE—IMPAIRMENT
RESEARCH CASE—NONCONTROLLING SHAREHOLDER RIGHTS
Chapter 2: Consolidation of Financial Information
Introduction
Expansion through Corporate Takeovers
Reasons for Firms to Combine
Goodyear Tire & Rubber and Cooper Tire & Rubber
Google and Fitbit
Uber and Postmates
Business Combinations, Control, and Consolidated Financial Reporting
Business Combinations—Creating a Single Economic Entity
Control—An Elusive Quality
Consolidation of Financial Information
Financial Reporting for Business Combinations
The Acquisition Method
Consideration Transferred for the Acquired Business
Contingent Consideration: An Additional Element of Consideration Transferred
Assets Acquired and Liabilities Assumed
Goodwill, and Gains on Bargain Purchases
Procedures for Consolidating Financial Information
Acquisition Method When Dissolution Takes Place
Related Costs of Business Combinations
The Acquisition Method When Separate Incorporation Is Maintained
Acquisition-Date Fair-Value Allocations—Additional Issues
Intangibles
Preexisting Goodwill on Acquired Firm’s Books
Acquired In-Process Research and Development
Convergence between U.S. and International Accounting Standards
Summary
Comprehensive Illustration
Problem
Solution
Appendix A: Legacy Methods of Accounting for Business Combinations
Legacy Methods of Accounting for Business Combinations
The Purchase Method: An Application of the Cost Principle
The Pooling of Interests Method: Continuity of Previous Ownership
Comparisons across the Pooling of Interests, Purchase, and Acquisition Methods
Appendix B: Pushdown Accounting
Pushdown Accounting
Questions
Problems
Appendix 2A Problems
Appendix 2B Problems
Develop Your Skills
FASB ASC RESEARCH AND ANALYSIS CASE—CONSIDERATION OR COMPENSATION?
ASC RESEARCH CASE—DEFENSIVE INTANGIBLE ASSET
RESEARCH CASE—PELOTON’S ACQUISITION OF PRECOR
RESEARCH CASE—ANALOG DEVICES’S ACQUISITION OF MAXIM INTEGRATED PRODUCTS
RESEARCH CASE—ANIKA THERAPEUTIC’S ACQUISITIONS OFPARCUS MEDICAL AND ARTHROSURFACE
Chapter 3: Consolidations—Subsequent to the Date of Acquisition
Introduction
Consolidation—The Effects Created by the Passage of Time
Consolidated Net Income Determination
The Parent’s Choice of Investment Accounting
Investment Accounting by the Acquiring Company
Internal Investment Accounting Alternatives—The Equity Method, Initial Value Method, and Partial Equity Method
Subsequent Consolidation—Investment Recorded by the Equity Method
Acquisition Made during the Current Year
Determination of Consolidated Totals
Consolidation Worksheet
Consolidation Subsequent to Year of Acquisition—Equity Method
Subsequent Consolidations—Investment Recorded Using Initial Value or Partial Equity Method
Acquisition Made during the Current Year
Consolidation Subsequent to Year of Acquisition—Initial Value and Partial Equity Methods
Excess Fair Value Attributable to Subsidiary Long-Term Debt: Postacquisition Procedures
Goodwill Impairment
Assigning Goodwill to Reporting Units
Qualitative Assessment Option
Testing Goodwill for Impairment
Illustration—Accounting and Reporting for a Goodwill Impairment Loss
Comparisons with International Accounting Standards
Amortization and Impairment of Other Intangibles
Contingent Consideration—Postcombination
Accounting for Contingent Consideration in Periods Subsequent to a Business Combination
Summary
Comprehensive Illustration
Problem
Solution
Appendix: Private Company Accounting for Business Combinations
Questions
Problems
Appendix Problems
Develop Your Skills
RESEARCH CASE
TAPESTRY, INC., IMPAIRMENT ANALYSIS CASE
FASB ASC AND IASB RESEARCH CASE
EXCEL CASE 1
EXCEL CASE 2
Excel Spreadsheet Project
Alternative Investment Methods, Goodwill Impairment, and Consolidated Financial Statements
Chapter 4: Consolidated Financial Statements and Outside Ownership
Introduction
Consolidated Financial Reporting in the Presence of a Noncontrolling Interest
Subsidiary Acquisition-Date Fair Value in the Presence of a Noncontrolling Interest
Control Premiums, Noncontrolling Interest Valuation, and Goodwill
Allocating Consolidated Net Income to the Parent and Noncontrolling Interest
Partial Ownership Consolidations (Acquisition Method)
Illustration—Partial Acquisition with No Control Premium
Illustration—Partial Acquisition with Control Premium
Effects Created by Alternative Investment Methods
Revenue and Expense Reporting for Midyear Acquisitions
Consolidating Postacquisition Subsidiary Revenue and Expenses
Acquisition Following an Equity Method Investment
Step Acquisitions
Control Achieved in Steps—Acquisition Method
Example: Step Acquisition Resulting in Control—Acquisition Method
Worksheet Consolidation for a Step Acquisition (Acquisition Method)
Example: Step Acquisition Resulting after Control Is Obtained
Parent Company Sales of Subsidiary Stock—Acquisition Method
Sale of Subsidiary Shares with Control Maintained
Sale of Subsidiary Shares with Control Lost
Cost-Flow Assumptions
Accounting for Shares That Remain
Comparisons with International Accounting Standards
Summary
Comprehensive Illustration
Problem
Solution
Questions
Problems
Develop Your Skills
RESEARCH CASE: U.S. STEEL’S STEP ACQUISITION OF BIG RIVER STEEL
RESEARCH CASE: COSTCO’S NONCONTROLLING INTERESTS
BARDEEN ELECTRIC: FASB ASC AND IFRS RESEARCH CASE
Chapter 5: Consolidated Financial Statements—Intra-Entity Asset Transactions
Introduction
Intra-Entity Inventory Transfers
The Sales and Purchases Accounts
Intra-Entity Gross Profit—Year of Transfer (Year 1)
Intra-Entity Gross Profit—Year Following Transfer (Year 2)
Intra-Entity Gross Profit—Effect on Noncontrolling Interest
Intra-Entity Inventory Transfers Summarized
Intra-Entity Inventory Transfers Illustrated: Parent Uses Equity Method
Effects of Alternative Investment Methods on Consolidation
Intra-Entity Land Transfers
Accounting for Land Transactions
Eliminating Intra-Entity Gains—Land Transfers
Recognizing the Effect on Noncontrolling Interest—Land Transfers
Intra-Entity Transfer of Depreciable Assets
Deferral and Subsequent Recognition of Intra-Entity Gains
Depreciable Asset Intra-Entity Transfers Illustrated
Years Following Downstream Intra-Entity Depreciable Asset Transfers—Parent Uses Equity Method
Effect on Noncontrolling Interest—Depreciable Asset Transfers
Summary
Comprehensive Illustration
Problem
Solution
Questions
Problems
Develop Your Skills
EXCEL CASE
ANALYSIS AND RESEARCH CASE: ACCOUNTING INFORMATION AND SALARY NEGOTIATIONS
Chapter 6: Variable Interest Entities, Intra-Entity Debt, Consolidated Cash Flows, and Other Issues
Introduction
Consolidation of Variable Interest Entities
What Is a VIE?
Consolidation of Variable Interest Entities
Procedures to Consolidate Variable Interest Entities
Consolidation of a Primary Beneficiary and VIE Illustrated
Comparisons with International Accounting Standards
Intra-Entity Debt Transactions
Acquisition of Affiliate’s Debt from an Outside Party
Accounting for Intra-Entity Debt Transactions—Individual Financial Records
Effects on Consolidation Process
Assignment of Retirement Gain or Loss
Intra-Entity Debt Transactions—Years Subsequent to Effective Retirement
Subsidiary Preferred Stock
Consolidated Statement of Cash Flows
Acquisition Period Statement of Cash Flows
Statement of Cash Flows in Periods Subsequent to Acquisition
Consolidated Earnings per Share
Subsidiary Stock Transactions
Changes in Subsidiary Value—Stock Transactions
Subsidiary Stock Transactions—Illustrated
Summary
Comprehensive Illustration
Problem: Consolidated Statement of Cash Flows and Earnings per Share
Solution
Questions
Problems
Develop Your Skills
EXCEL CASE: INTRA-ENTITY BONDS—ANALYSIS OF ALTERNATIVE YIELD RATES AND PRICES
RESEARCH CASE: STATEMENT OF CASH FLOWS
FINANCIAL REPORTING RESEARCH AND ANALYSIS CASE
Chapter 7: Consolidated Financial Statements—Ownership Patterns and Income Taxes
Introduction
Indirect Subsidiary Control
The Consolidation Process When Indirect Control Is Present
Consolidation Procedures—Indirect Control
Indirect Subsidiary Control—Connecting Affiliation
Mutual Ownership
Treasury Stock Approach
Mutual Ownership Illustrated
Income Tax Accounting for a Consolidated Entity
Affiliated Groups
Deferred Income Taxes
Consolidated Tax Returns—Illustration
Income Tax Expense Assignment
Filing of Separate Tax Returns
Deferred Tax on Undistributed Earnings—Illustrated
Separate Tax Returns Illustrated
Temporary Differences Generated by Business Combinations
Consolidated Entities and Operating Loss Carryforwards
Income Taxes and Consolidated Entities—Comparisons with International Accounting Standards
Intra-Entity Inventory Tax Effects
Intra-Entity Tax Effects Other than Inventory
Summary
Comprehensive Illustration
Problem
Solution
Questions
Problems
Develop Your Skills
EXCEL CASE: INDIRECT SUBSIDIARY CONTROL
RESEARCH CASE: CONSOLIDATED TAX EXPENSE
Chapter 8: Segment and Interim Reporting
Introduction
Segment Reporting
The Management Approach
Determination of Reportable Operating Segments
Quantitative Thresholds
Testing Procedures—Complete Illustration
The Revenue Test
The Profit or Loss Test
The Asset Test
Summary of Test Results
Other Guidelines
Information to Be Disclosed by Reportable Operating Segments
Reconciliations to Consolidated Totals
Explanation of Measurement
Examples of Operating Segment Disclosures
Entitywide Information
Information about Products and Services
Information about Geographic Areas
Information about Major Customers
International Financial Reporting Standard 8—Operating Segments
On the Horizon– FASB Project on Segment Reporting
Interim Reporting
Revenues
Inventory and Cost of Goods Sold
Other Costs and Expenses
Income Taxes
Change in Accounting Principle
Seasonal Items
Minimum Disclosures in Interim Reports
Segment Information in Interim Reports
International Accounting Standard 34—Interim Financial Reporting
On the Horizon-FASB Project on Interim Reporting
Summary
Comprehensive Illustration
Problem
Solution
Questions

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