, SOLUTION MANUAL FOR Financial Accounting
Theory and Analysis Text and Cases, 15th Edition
Schroeder
Notes
1- The file is chapter after chapter.
2- We have shown you few pages sample.
3- The file contains all Appendix and Excel sheet
if it exists.
4- We have all what you need, we make update
at every time. There are many new editions
waiting you.
5- If you think you purchased the wrong file You
can contact us at every time, we can replace it
with true one.
Our email:
, Accounting Theory and
Analysis
15th Edition
FASB ASC Tutorial and
Solutions Manual
By
Richard G. Schroeder
University of North Carolina at Charlotte
Myrtle W. Clark
University of Kentucky
Jack M. Cathey
University of North Carolina at Charlotte
1
, Using the Codification to Solve the FASB ASC Cases
Prior to attempting to use the codification website to solve the FASB ASC cases, it is
recommended that you read “Test Driving the Codification,” by Carolyn Ford and C. William
Thomas, Journal of Accountancy, December, 2008. Available at
http://www.journalofaccountancy.com/Issues/2008/Dec/TestDrivingtheCodification.htm and
review the tutorials on the codification website.
Overview of the Codification
The Financial Accounting Standards Board codification (FASB ASC) is organized into general
topics listed on the left-hand side of the home page (General Principles, Presentation, etc.).
Clicking on any of the general topics will bring up what the FASB terms a “landing page.”
Each landing page contains a list of subtopics for that link. For example, clicking on the general
topic Assets brings up list of seven subtopics (Cash and Cash Equivalents, Receivables, etc.).
Notice that each of the subtopics is identified by a three-digit number. This allows for access
via the go to function that we will discuss later.
Clicking on any of the subtopics brings up a second link to what are termed sections and
contain the content specific area of the FASB ASC. All Subtopics have a set of standard
Sections unless there is nothing to include in a particular standard section, in which case that
standard Section is left out of the Subtopic and therefore the FASB ASC. There are sixteen
standard Sections for each Subtopic. Sections are indicated by a two-digit number between 00
and 99. Some of the most frequently used sections are: 25 Recognition, 30 Initial Measurement
35 Subsequent Measurement, 50 Disclosure and Implementation Guidance and Instructions.
Each Section has Paragraph numbers that start over at the beginning of each Section. Each
Paragraph, therefore, has a two-part number. The first number is the Section number, and the second
part is the Paragraph number within that Section. The Paragraphs are where “substantive content”
of the FASB ASC is found. The rest of the levels only exist to organize the information in the
Paragraphs and help navigate to the information contained in them. In order to view the specific
content areas, it is necessary to click on the JOIN ALL SECTIONS tab found on each section page.
For example, assume we are interested in the authoritative literature on accounting for sales of
products when a right to return exists. First, click on the topic Revenue at the left-hand side of the
home page, then on the landing page Revenue Recognition. Next, click on the products subsection.
Finally click the JOIN ALL SECTIONS tab and all of the paragraph content will appear. Page down
through the material and you will find that Paragraph 25-1 contains the authoritative guidance for
accounting for sales of products with a right to return.
The home page also gives other options for navigating the FASB ASC. Two of these
are the SEARCH function and the GO TO option. We have found that using these
2
Theory and Analysis Text and Cases, 15th Edition
Schroeder
Notes
1- The file is chapter after chapter.
2- We have shown you few pages sample.
3- The file contains all Appendix and Excel sheet
if it exists.
4- We have all what you need, we make update
at every time. There are many new editions
waiting you.
5- If you think you purchased the wrong file You
can contact us at every time, we can replace it
with true one.
Our email:
, Accounting Theory and
Analysis
15th Edition
FASB ASC Tutorial and
Solutions Manual
By
Richard G. Schroeder
University of North Carolina at Charlotte
Myrtle W. Clark
University of Kentucky
Jack M. Cathey
University of North Carolina at Charlotte
1
, Using the Codification to Solve the FASB ASC Cases
Prior to attempting to use the codification website to solve the FASB ASC cases, it is
recommended that you read “Test Driving the Codification,” by Carolyn Ford and C. William
Thomas, Journal of Accountancy, December, 2008. Available at
http://www.journalofaccountancy.com/Issues/2008/Dec/TestDrivingtheCodification.htm and
review the tutorials on the codification website.
Overview of the Codification
The Financial Accounting Standards Board codification (FASB ASC) is organized into general
topics listed on the left-hand side of the home page (General Principles, Presentation, etc.).
Clicking on any of the general topics will bring up what the FASB terms a “landing page.”
Each landing page contains a list of subtopics for that link. For example, clicking on the general
topic Assets brings up list of seven subtopics (Cash and Cash Equivalents, Receivables, etc.).
Notice that each of the subtopics is identified by a three-digit number. This allows for access
via the go to function that we will discuss later.
Clicking on any of the subtopics brings up a second link to what are termed sections and
contain the content specific area of the FASB ASC. All Subtopics have a set of standard
Sections unless there is nothing to include in a particular standard section, in which case that
standard Section is left out of the Subtopic and therefore the FASB ASC. There are sixteen
standard Sections for each Subtopic. Sections are indicated by a two-digit number between 00
and 99. Some of the most frequently used sections are: 25 Recognition, 30 Initial Measurement
35 Subsequent Measurement, 50 Disclosure and Implementation Guidance and Instructions.
Each Section has Paragraph numbers that start over at the beginning of each Section. Each
Paragraph, therefore, has a two-part number. The first number is the Section number, and the second
part is the Paragraph number within that Section. The Paragraphs are where “substantive content”
of the FASB ASC is found. The rest of the levels only exist to organize the information in the
Paragraphs and help navigate to the information contained in them. In order to view the specific
content areas, it is necessary to click on the JOIN ALL SECTIONS tab found on each section page.
For example, assume we are interested in the authoritative literature on accounting for sales of
products when a right to return exists. First, click on the topic Revenue at the left-hand side of the
home page, then on the landing page Revenue Recognition. Next, click on the products subsection.
Finally click the JOIN ALL SECTIONS tab and all of the paragraph content will appear. Page down
through the material and you will find that Paragraph 25-1 contains the authoritative guidance for
accounting for sales of products with a right to return.
The home page also gives other options for navigating the FASB ASC. Two of these
are the SEARCH function and the GO TO option. We have found that using these
2
