Intermediate accounting Study guides, Class notes & Summaries

Essential characteristics of accounting - the identification, measurement, and communication of financial information about economic entities to interested parties Financial accounting - prep financial reports on entity for internal and external parties Managerial accounting - identify, measure, analyze financial info needed by management to plan, control, and evaluate comp operations What are examples of financial reporting other than financial statements, why are they used - Presidents l...

objective of financial reporting - provide financial information about the reporting entity that is useful to present and potential equity investors, lenders, and other creditors general-purpose financial statements - provide financial reporting information to a wide variety of users accrual basis accounting - ensures that a company records events that change its financial statements in the periods in which it receives or pays cash generally accepted accounting principles (GAAP) - common s...

Intermediate Accounting - Test 1 - Multiple Choice with 100% Correct Answers| Graded A+ Financial - Financial statements used both externally and internally Managerial - For management to plan, control, evaluate Objective of Financial Reporting - Provide financial info about the reporting entity that is useful to present and potential equity investors, lenders, and other creditors in decisions about providing resources to the entity general-purpose financial statements - most useful at...

Intermediate Accounting

Chapter 12: Financial Liabilities and Provisions Case 12-1 Winter Fun Incorporated 12-2 Prescriptions Depot Limited 12-3 Camani Corporation Suggested Time Technical Review TR12-1 Financial liabilities and provisions (IFRS) ...... 10 TR12-2 Financial liabilities and provisions (ASPE) ..... 10 TR12-3 Provision, measurement ................................... 10 TR12-4 Guarantee ......................................................... 10 TR12-5 Provision, warranty ........................

Chapter 1: The Framework for Financial Reporting Case 1-1 Mulla and Yang 1-2 Richard Wright 1-3 Taylor Jay Suggested Time Technical 1-1 Chapter overview, true-false .............................. 10 1-2 Chapter overview, true-false .............................. 10 1-3 Acronyms……………………………………… 10 1-4 IFRS or ASPE…………………………………. 10 1-5 IFRS or ASPE…………………………………. 10 1-6 Disclosed basis of accounting……...

Solution Manual For Intermediate Accounting 3rd Edition by Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella

Solution Manual For Intermediate Accounting 3rd Edition by Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella