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Intermediate Financial Accounting 1

by Glenn Arnold & Suzanne Kyle

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Intermediate Financial Accounting Volume 1 by G. Arnold and S. Kyle, developed in collaboration by Athabasca University and Lyryx, is intended for a first course in Intermediate Financial Accounting, and presumes that students have already completed one or two Introductory Financial Accounting courses. The textbook reflects current International Financial Reporting Standards (IFRS), such as IFRS 15 – Revenue from Contracts With Customers.

Description from LibreTexts.

Publisher
Athabasca University
Subjects
Business, Accounting
Licence
CC BY 4.0, as LibreTexts states it
Who can read
Tweens profiles and older, judged from its title and subjects

Contents

LibreTexts writes equations in TeX, and here they show as TeX; the PDF has them typeset.

  1. Front Matter
  2. TitlePage
  3. InfoPage
  4. Table of Contents
  5. Licensing
  6. Chapter 1: Review of Intro Financial Accounting
  7. 1.1: Adjusting and Closing Entries
  8. 1.2: Merchandising Transactions
  9. 1.3: Inventory Costing Methods
  10. 1.4: Bank Reconciliations
  11. 1.5: Receivables Transactions
  12. 1.6: Long-Lived Assets
  13. 1.7: Current and Long-Term Liabilities
  14. 1.8: Statement of Cash Flows
  15. Chapter 2: Why Accounting?
  16. 2.1: Definition and Information Asymmetry
  17. 2.2: Trade-Offs
  18. 2.3: How Are Standards Set?
  19. 2.4: The Conceptual Framework
  20. 2.4.1: The Objective of Financial Reporting
  21. 2.4.2: Qualitative Characteristics of Useful Information
  22. 2.4.3: Elements of Financial Statements
  23. 2.4.4: Recognition
  24. 2.4.5: Measurement Base
  25. 2.4.6: Capital Maintenance
  26. 2.5: Challenges and Opportunities in Financial Reporting
  27. 2.6: Conclusion
  28. 2.7: IFRS/ASPE Key Differences
  29. 2.8: Chapter Summary
  30. 2.9: References
  31. 2.10: Exercises
  32. Chapter 3: Financial Reports- Statement of Income, Comprehensive Income and Changes in Equity
  33. 3.1: Financial Reporting- Overview
  34. 3.2: Factors that Influence Reports
  35. 3.2.1: Accounting Year-end
  36. 3.2.2: Changes in Accounting Estimates, Changes in Accounting Policy, and Correction of Errors
  37. 3.3: Financial Statements and their Interrelationships
  38. 3.3.1: Financial Statement Differences Between IFRS and ASPE
  39. 3.4: Statement of Income and Comprehensive Income
  40. 3.5: Statement of Changes in Equity and Statement of RE
  41. 3.6: Analysis of Statement of Income and Statement of Changes in Equity
  42. 3.7: IFRS and ASPE Applicable Standards
  43. 3.8: Chapter Summary
  44. 3.9: References
  45. 3.10: Exercises
  46. Chapter 4: Financial Reports – Statement of Financial Position and Statement of Cash Flows
  47. 4.1: Financial Reports- Overview
  48. 4.2: Statement of Financial Position/Balance Sheet
  49. 4.2.1: Disclosure Requirements
  50. 4.2.2: Factors Affecting the Statement of Financial Position/Balance Sheet (SFP/BS)
  51. 4.3: Statement of Cash Flows (SCF)
  52. 4.3.1: Preparing a Statement of Cash Flows
  53. 4.3.2: Disclosure Requirements
  54. 4.3.3: Interpreting the Statement of Cash Flows
  55. 4.4: Analysis
  56. 4.5: Chapter Summary
  57. 4.6: References
  58. 4.7: Exercises
  59. Chapter 5: Revenue
  60. 5.1: Definition
  61. 5.2: Revenue Recognition
  62. 5.2.1: Identify the Contract
  63. 5.2.2: Identify the Performance Obligations
  64. 5.2.3: Determine the Transaction Price
  65. 5.2.4: Allocate the Transaction Price to the Performance Obligations
  66. 5.2.5: Recognize Revenue When (or as) the Entity Satisfies a Performance Obligation
  67. 5.2.6: Contract Costs
  68. 5.3: Applications
  69. 5.3.1: Bundled Sales
  70. 5.3.2: Consignment Sales
  71. 5.3.3: Sales With Right of Return
  72. 5.3.4: Bill-and-Hold Arrangements
  73. 5.3.5: Barter Transactions
  74. 5.3.6: Long-Term Construction Contracts
  75. 5.4: Presentation and Disclosure
  76. 5.5: The Earnings Approach
  77. 5.6: IFRS/ASPE Key Differences
  78. 5.7: Chapter Summary
  79. 5.8: References
  80. 5.9: Exercises
  81. Chapter 6: Cash and Receivables
  82. 6.1: Overview
  83. 6.2: Cash and Cash Equivalents
  84. 6.2.1: Internal Control of Cash
  85. 6.3: Receivables
  86. 6.3.1: Accounts Receivable
  87. 6.3.2: Notes Receivable
  88. 6.3.3: Derecognition and Sale of Receivables- Shortening the Credit-to-Cash Cycle
  89. 6.3.4: Disclosures of Receivables
  90. 6.4: Cash and Receivables- Analysis
  91. 6.5: IFRS/ASPE Key Differences
  92. 6.6: Appendix A- Review of Internal Controls, Petty Cash, and Bank Reconciliations
  93. 6.7: Chapter Summary
  94. 6.8: References
  95. 6.9: Exercises
  96. Chapter 7: Inventory
  97. 7.1: Definition
  98. 7.2: Initial Recognition and Measurement
  99. 7.3: Subsequent Recognition and Measurement
  100. 7.3.1: Inventory Accounting Systems
  101. 7.3.2: Cost Flow Assumptions
  102. 7.3.3: The Problem of Overvaluation
  103. 7.4: Presentation and Disclosure
  104. 7.5: Inventory Errors
  105. 7.6: Estimating Inventory
  106. 7.7: Inventory Analysis
  107. 7.8: IFRS/ASPE Key Differences
  108. 7.9: Chapter Summary
  109. 7.10: References
  110. 7.11: Exercises
  111. Chapter 8: Intercorporate Investments
  112. 8.1: Intercorporate Investments- Overview
  113. 8.2: Non-Strategic Investments
  114. 8.2.1: Fair Value Through Net Income (FVNI)
  115. 8.2.2: Fair Value Through OCI Investments (FVOCI); (IFRS only)
  116. 8.2.3: Amortized Cost Investments (AC)
  117. 8.3: Strategic Investments
  118. 8.3.1: Investments in Associates (Significant Influence)
  119. 8.3.2: Investments in Subsidiaries (Control)
  120. 8.3.3: Investments in Joint Arrangements
  121. 8.4: Investments Disclosures
  122. 8.5: Investments Analysis
  123. 8.6: IFRS/ASPE Key Differences
  124. 8.7: Chapter Summary
  125. 8.8: References
  126. 8.9: Exercises
  127. Chapter 9: Property, Plant, and Equipment
  128. 9.1: Definition
  129. 9.2: Recognition
  130. 9.3: Measurement at Recognition
  131. 9.3.1: Self-Constructed Assets
  132. 9.3.2: Borrowing Costs
  133. 9.3.3: Asset Retirement Obligations
  134. 9.3.4: Lump Sum Purchases
  135. 9.3.5: Non-monetary Exchanges
  136. 9.3.6: Deferred Payments
  137. 9.3.7: Government Grants
  138. 9.4: Measurement After Initial Recognition
  139. 9.4.1: Cost Model
  140. 9.4.2: Revaluation Model
  141. 9.4.3: Fair Value Model
  142. 9.5: Costs Incurred After Acquisition
  143. 9.6: IFRS/ASPE Key Differences
  144. 9.7: Chapter Summary
  145. 9.8: References
  146. 9.9: Exercises
  147. Chapter 10: Depreciation, Impairment, and Derecognition of Property, Plant, and Equipment
  148. 10.1: Definition
  149. 10.2: Depreciation Calculations
  150. 10.2.1: Depreciable Amount
  151. 10.2.2: Useful Life
  152. 10.2.3: Methods of Calculation
  153. 10.2.4: Separate Components
  154. 10.2.5: Partial Period Calculations
  155. 10.2.6: Revision of Depreciation
  156. 10.3: Impairment
  157. 10.3.1: Accounting for Impairment
  158. 10.3.2: Accounting for Impairment
  159. 10.4: Derecognition
  160. 10.4.1: Held for Sale
  161. 10.4.2: Other Derecognition Issues
  162. 10.5: Presentation and Disclosure Requirements
  163. 10.6: IFRS/ASPE Key Differences
  164. 10.7: Appendix A- ASPE Standards for Impairment
  165. 10.8: Chapter Summary
  166. 10.9: References
  167. 10.10: Exercises
  168. Chapter 11: Intangible Assets and Goodwill
  169. 11.1: Intangible Assets and Goodwill- Overview
  170. 11.2: Intangible Assets- Initial Recognition and Measurement
  171. 11.2.1: Purchased Intangible Assets
  172. 11.2.2: Internally Developed Intangible Assets
  173. 11.2.3: Intangible Assets- Subsequent Measurement
  174. 11.2.4: Intangible Assets- Impairment and Derecognition
  175. 11.3: Goodwill
  176. 11.3.1: Initial Recognition and Measurement
  177. 11.3.2: Subsequent Measurement of Goodwill
  178. 11.4: Disclosures of Intangible Assets and Goodwill
  179. 11.5: Analysis
  180. 11.6: IFRS/ASPE Key Differences
  181. 11.7: Chapter Summary
  182. 11.8: References
  183. 11.9: Exercises
  184. Chapter 12: Solutions
  185. 12.1: Chapter 2 Solutions
  186. 12.2: Chapter 3 Solutions
  187. 12.3: Chapter 4 Solutions
  188. 12.4: Chapter 5 Solutions
  189. 12.5: Chapter 6 Solutions
  190. 12.6: Chapter 7 Solutions
  191. 12.7: Chapter 8 Solutions
  192. 12.8: Chapter 9 Solutions
  193. 12.9: Chapter 10 Solutions
  194. 12.10: Chapter 11 Solutions
  195. 12.11: Solutions
  196. Back Matter
  197. Index
  198. Glossary
  199. Detailed Licensing
  200. Detailed Licensing