Preface
Brief Contents
Contents
Chapter 1: Intercorporate Investments: An Overview
Intercorporate Debt Investments and Equity Investments With No Significant Influence
Investments with Significant Influence
International Financial Reporting Standards For Intercorporate Investments
Multiple Choice Questions
Data Analytics, Data Visualization, And Excel Activities
CPA Simulations and Practice Exams
Chapter 2: Mergers and Acquisitions
Valuation of Assets Acquired and Liabilities Assumed
Measurement of Acquisition Cost
Subsequent Changes in Asset, Liability, or Contingent Consideration Values
Special Issues: In-Process Research and Development, PREACQUISITION Contingencies, DEFERRED TAX LIAB
Business Combinations Versus Asset Acquisitions
International Financial Reporting Standards for Business Combinations
Multiple Choice Questions
Data Analytics, Data Visualization, and Excel Activities
CPA Simulations and Practice Exams
Chapter 3: Consolidated Financial Statements: Date of Acquisition
Criteria for Consolidation
Consolidation at Date of Acquisition
International Financial Reporting Standards for Consolidations
Multiple Choice Questions
Data Analytics, Data Visualization, and Excel Activities
CPA Simulations and Practice Exams
Chapter 4: Consolidated Financial Statements Subsequent to Acquisition
Introduction to Consolidation Procedures
Reporting Revaluations of Subsidiary Assets and Liabilities in Subsequent Years
Comprehensive Illustration: Consolidation in Subsequent Years
IFRS for Acquired Intangibles
Multiple Choice Questions
Data Analytics, Data Visualization, and Excel Activities
CPA Simulations and Practice Exams
Chapter 5: Consolidated Financial Statements: Outside Interests
Las Vegas Sands Corporation
Noncontrolling Interests at Acquisition Date
Noncontrolling Interests in Subsequent Years
Noncontrolling Interests and Bargain Purchases
International Financial Reporting Standards for Noncontrolling Interests
Consolidated Statement of Cash Flows
Multiple Choice Questions
Data Analytics, Data Visualization, and Excel Activities
CPA Simulations and Practice Exams
Chapter 6: Consolidated Financial Statements: Intercompany Transactions
Intercompany Service and Financing Transactions
Intercompany Transfers of Land
Intercompany Transfers of Inventory
Intercompany Transfers of Depreciable Assets
International Financial Reporting Standards for Intercompany Transactions
Comprehensive Illustration
Multiple Choice Questions
Data Analytics, Data Visualization, and Excel Activities
CPA Simulations and Practice Exams
Chapter 7: Consolidating Foreign Currency Financial Statements
Converting a Subsidiary’s Foreign Currency Accounts to the Parent’s Currency
Translation and Remeasurement Procedures
Financial Analysis Using Translated and Remeasured Information
Consolidation of international Subsidiaries
IFRS for Translating and Consolidating Foreign Currency Financial Statements
Multiple Choice Questions
Data Analytics, Data Visualization, and Excel Activities
CPA Simulations and Practice Exams
Chapter 8: Foreign Currency Transactions and Hedging
Foreign Currency Transactions and Risk
Foreign Currency Transactions
Hedging Foreign Exchange Exposures
International Financial Reporting Standards for Foreign Currency Transactions and Hedging
Multiple Choice Questions
Data Analytics, Data Visualization, and Excel Activities
CPA Simulations and Practice Exams
Chapter 9: Futures, Options, and Interest Rate Swaps
Derivatives and Hedge Accounting
Derivatives and Hedging Under IFRS
Multiple Choice Questions
Data Analytics, Data Visualization, and Excel Activities
CPA Simulations and Practice Exams
Chapter 10: State and Local Governments: Introduction and General Fund Reporting
Mecklenburg County, North Carolina
Nature of Government Activities
Sources of GAAP for State and Local Governments
Objectives of Financial Reporting
Accounting and Reporting By Funds
Government-Wide Reporting
Accounting for the General Fund
Comprehensive Illustration of General Fund Accounting and Reporting
Multiple Choice Questions
Data Analytics, Data Visualization, and Excel Activities
CPA Simulations and Practice Exams
Chapter 11: State and Local Governments: Other Transactions
Alameda County, California
Accounting for Special Purpose Activities
Accounting for Capital Projects
Accounting for General Obligation Debt
Accounting for Proprietary Activities
Accounting for Fiduciary Activities
Accounting for Investments
Accounting for Other Liabilities and Debt Refundings
Comprehensive Illustration of Reporting for Funds Other than the General Fund
Multiple Choice Questions
Data Analytics, Data Visualization, and Excel Activities
CPA Simulations and Practice Exams
Chapter 12: State and Local Governments: External Financial Reporting
City of St. Louis, Missouri
Government-Wide Financial Statements
Fund Financial Statements
Comparison of Government-Wide and Funds Information
Notes and Required Supplementary Information
Capital Assets, Infrastructure, Investments, Defined Benefit Pension Plans, AND OTHER POSTEMPLOYMENT
Comprehensive Illustration: Preparation of Government-Wide Statements and Fund Statements for ACFR
Multiple Choice Questions
Data Analytics, Data Visualization, and Excel Activities
CPA Simulations and Practice Exams
Chapter 13: Private Not-For-Profit Organizations
Characteristics of Private Not-For-Profit (NFP) Organizations
NFP Reporting Environment
Presentation of Financial Statements
Accounting for Contributions Received
Accounting for Investments
Comprehensive Illustration of NFP Accounting: Northeastern Heart Society
Reporting Issues for Specific Not-For-Profit Organizations
Multiple Choice Questions
Sample CPA Exam multiple choice questions from Gleim CPA Exam Prep are available in myBusinessCourse
CPA Simulations and Practice Exams
Chapter 14: Partnership Accounting and Reporting
Suburban Propane Partners, L.P.
Characteristics of a Partnership
Formation of the Partnership
Allocation of Partnership Income to Partners
Admission of a New Partner
Multiple Choice Questions
Data Analytics, Data Visualization, and Excel Activities
CPA Simulations and Practice Exams
Chapter 15: Bankruptcy and Reorganization
Toys “R” Us And Chesapeake Energy Corporation
Legal Aspects of Bankruptcy
Financial Reporting for Chapter 7 Liquidation
Financial Reporting for Chapter 11 Reorganization
Other Forms of Restructuring
Multiple Choice Questions
Data Analytics, Data Visualization, and Excel Activities
CPA Simulations And Practice Exams
Chapter 16: The SEC and Financial Reporting
United States Securities and Exchange Commission
Establishment of the SEC and Key Securities Legislation
Organization and Structure of the SEC
Registration of New Securities
Periodic Reporting Requirements
Corporate Accountability and Governance
SEC Current Reporting Issues
Multiple Choice Questions
Data Analytics, Data Visualization, and Excel Activities
CPA Simulations and Practice Exams
Appendix A: Data Analytics and Blockchain Technology
Summary of Learning Objectives
Video Resources For Tableau
Additional Assignments are Available in myBusinessCourse
Index
