Wiley CPA Examination Review Focus Notes: Financial Accounting and Reporting (Wiley Cpa Exam Review Focus Notes)

Wiley CPA Exam Review: Focus Notes, Financial Accounting and Reporting......Page 3
Contents......Page 5
Preface......Page 6
About the Author......Page 8
Objectives of Financial Reporting......Page 9
Elements of Financial Statements......Page 11
Basic Rules & Concepts......Page 12
Converting from Cash Basis to Accrual Basis......Page 14
Current Assets & Liabilities......Page 17
Special Disclosures......Page 18
Reporting the Results of Operations......Page 19
Discontinued Operations......Page 29
Accounting for Changing Prices......Page 32
Inventories......Page 34
Long-Term Construction Contracts......Page 53
Property, Plant, & Equipment......Page 57
Disposal of Property, Plant, & Equipment......Page 67
Intangibles......Page 72
Bank Reconciliation......Page 80
Accounts Receivable......Page 81
Uncollectible Accounts......Page 82
Notes Received for Cash......Page 84
Notes Received for Goods or Services......Page 85
Financing Receivables—Discounting......Page 87
Financing Receivables......Page 88
Accounts Payable......Page 92
Financial Statement Analysis......Page 89
Contingencies......Page 93
Estimated & Accrued Amounts......Page 94
Miscellaneous Liabilities......Page 102
Accounting for Leases......Page 103
Bonds......Page 116
Troubled Debt Restructuring......Page 125
Pension Plans......Page 128
Postretirement Benefits......Page 133
Accounting for Income Taxes......Page 135
Stockholders’ Equity......Page 141
Earnings Per Share......Page 161
Methods of Reporting Investments......Page 166
Equity Method......Page 167
Marketable Securities......Page 172
Life Insurance......Page 173
Statement of Cash Flows......Page 174
Business Combinations......Page 182
Consolidations......Page 186
Investments in Derivative Securities......Page 192
Characteristics of Derivatives......Page 193
Use of Derivatives......Page 194
Segment Reporting......Page 196
Partnership......Page 199
Foreign Currency......Page 207
Interim Financial Statements......Page 211
Personal Financial Statements......Page 214
Governmental Accounting......Page 217
Accounting for Nonprofit Entities......Page 259
Index......Page 271