Summary Gleim 2024 Book

This study unit is the third of six on external financial reporting decisions. The relative weight assigned to this major topic in Part 1 of the exam is 15%. The six study units are Study Unit 1: External Financial Statements Study Unit 2: Measurement, Valuation, and Disclosure: Assets -- Short-Term Items Study Unit 3: Measurement, Valuation, and Disclosure: Assets -- Long-Term Items Study Unit 4: Measurement, Valuation, and Disclosure: Liabilities Study Unit 5: Revenue and Impairment Recognition Study Unit 6: Integrated Reporting This study unit discusses long-term assets. Topics covered in this study unit include Valuation, classification, and measurement of debt and equity securities Initial measurement of property, plant, and equipment Depreciation methods Accounting for intangible assets