Availability: In Stock

Financial Accounting with International Financial Reporting Standards 4th Edition PDF – eBook


  • Authors: Paul D. Kimmel, Donald E. Kieso, Jerry J. Weygandt (Author)
  • File Size: 15 MB
  • Format: PDF
  • Paperback: 859 pages
  • Publisher: Wiley; 4th edition (July 18, 2018)
  • Language: English
  • ISBN-10: 1119504309
  • ISBN-13: 978-1119504306

Download Financial Accounting with International Financial Reporting Standards 4th Edition PDF – eBook



  • Authors: Paul D. Kimmel, Donald E. Kieso, Jerry J. Weygandt (Author)
  • File Size: 15 MB
  • Format: PDF
  • Paperback: 859 pages
  • Publisher: Wiley; 4th edition (July 18, 2018)
  • Language: English
  • ISBN-10: 1119504309
  • ISBN-13: 978-1119504306

Download Financial Accounting with International Financial Reporting Standards 4th Edition PDF – eBook

1 Accounting in Action 1-1
Knowing the Numbers 1-1
Accounting Activities and Users 1-3
Three Activities 1-3
Who Uses Accounting Data 1-4
The Building Blocks of Accounting 1-6
Ethics in Financial Reporting 1-6
Accounting Standards 1-7
Measurement Principles 1-8
Assumptions 1-8
The Accounting Equation 1-10
Assets 1-11
Liabilities 1-11
Equity 1-11
Analyzing Business Transactions 1-13
Accounting Transactions 1-13
Transaction Analysis 1-14
Summary of Transactions 1-19
Financial Statements 1-20
Income Statement 1-22
Retained Earnings Statement 1-22
Statement of Financial Position 1-22
Statement of Cash Flows 1-23
Comprehensive Income Statement 1-23
Appendix 1A: Career Opportunities in Accounting 1-25
Public Accounting 1-25
Private Accounting 1-26
Governmental Accounting 1-26
Forensic Accounting 1-26
A Look at U.S. GAAP 1-46
2 The Recording Process 2-1
Accidents Happen: Bank of Taiwan 2-1
Accounts, Debits, and Credits 2-2
The Account 2-2
Debits and Credits 2-3
Equity Relationships 2-6
Summary of Debit/Credit Rules 2-6
The Journal 2-7
The Recording Process 2-7
The Journal 2-8
The Ledger and Posting 2-10
The Ledger 2-10
Posting 2-12
Chart of Accounts 2-13
The Recording Process Illustrated 2-13
Summary Illustration of Journalizing and Posting 2-19
The Trial Balance 2-21
Limitations of a Trial Balance 2-22
Locating Errors 2-22
Currency Signs and Underlining 2-22
A Look at U.S. GAAP 2-46
3 Adjusting the Accounts 3-1
What Was Your Profit?: Cadbury 3-1
Accrual-Basis Accounting and Adjusting Entries 3-2
Fiscal and Calendar Years 3-3
Accrual- versus Cash-Basis Accounting 3-3
Recognizing Revenues and Expenses 3-3
The Need for Adjusting Entries 3-5
Types of Adjusting Entries 3-5
Adjusting Entries for Deferrals 3-6
Prepaid Expenses 3-6
Unearned Revenues 3-10
Adjusting Entries for Accruals 3-13
Accrued Revenues 3-13
Accrued Expenses 3-14
Summary of Basic Relationships 3-17
Adjusted Trial Balance and Financial Statements 3-20
Preparing the Adjusted Trial Balance 3-21
Preparing Financial Statements 3-21
Appendix 3A: Alternative Treatment of Deferrals 3-24
Prepaid Expenses 3-25
Unearned Revenues 3-26
Summary of Additional Adjustment Relationships 3-27
Appendix 3B: Financial Reporting Concepts 3-28
Qualities of Useful Information 3-28
Assumptions in Financial Reporting 3-28
Principles in Financial Reporting 3-29
Cost Constraint 3-30
A Look at U.S. GAAP 3-56
4 Completing the Accounting
Cycle 4-1
Speaking the Same Language: IASB 4-1
The Worksheet 4-3
Steps in Preparing a Worksheet 4-3
Preparing Financial Statements from a Worksheet 4-10
Preparing Adjusting Entries from a Worksheet 4-11
Closing the Books 4-11
Preparing Closing Entries 4-12
Contents ix
Posting Closing Entries 4-14
Preparing a Post-Closing Trial Balance 4-16
The Accounting Cycle and Correcting Entries 4-19
Summary of the Accounting Cycle 4-19
Reversing Entries—An Optional Step 4-19
Correcting Entries—An Avoidable Step 4-19
Classified Statement of Financial Position 4-23
Intangible Assets 4-24
Property, Plant, and Equipment 4-25
Long-Term Investments 4-25
Current Assets 4-25
Equity 4-26
Non-Current Liabilities 4-27
Current Liabilities 4-27
Appendix 4A: Reversing Entries 4-29
Reversing Entries Example 4-29
A Look at U.S. GAAP 4-57
5 Accounting for Merchandise
Operations 5-1
Who Doesn’t Shop?: Carrefour 5-1
Merchandising Operations and Inventory Systems 5-3
Operating Cycles 5-3
Flow of Costs 5-4
Recording Purchases Under a Perpetual System 5-6
Freight Costs 5-8
Purchase Returns and Allowances 5-9
Purchase Discounts 5-9
Summary of Purchasing Transactions 5-10
Recording Sales Under a Perpetual System 5-11
Sales Returns and Allowances 5-12
Sales Discounts 5-13
The Accounting Cycle for a Merchandising Company 5-14
Adjusting Entries 5-15
Closing Entries 5-15
Summary of Merchandising Entries 5-16
Financial Statements for a Merchandiser 5-17
Income Statement 5-17
Classified Statement of Financial Position 5-21
Appendix 5A: Worksheet for a Merchandising
Company 5-23
Using a Worksheet 5-23
Appendix 5B: Periodic Inventory System 5-24
Determining Cost of Goods Sold Under a Periodic
System 5-25
Recording Merchandise Transactions 5-25
Recording Purchases of Merchandise 5-26
Recording Sales of Merchandise 5-27
Journalizing and Posting Closing Entries 5-27
Using a Worksheet 5-29
A Look at U.S. GAAP 5-54
6 Inventories 6-1
“Where Is That Spare Bulldozer Blade?”:
Komatsu 6-1
Classifying and Determining Inventory 6-2
Classifying Inventory 6-2
Determining Inventory Quantities 6-4
Inventory Methods and Financial Eff ects 6-6
Specific Identification 6-7
Cost Flow Assumptions 6-7
Financial Statement and Tax Eff ects of Cost Flow
Methods 6-11
Using Inventory Cost Flow Methods Consistently 6-12
Eff ects of Inventory Errors 6-13
Income Statement Eff ects 6-13
Statement of Financial Position Eff ects 6-14
Inventory Statement Presentation and Analysis 6-15
Presentation 6-15
Lower-of-Cost-or-Net Realizable Value 6-15
Analysis 6-16
Appendix 6A: Inventory Cost Flow Methods in Perpetual
Inventory Systems 6-18
First-In, First-Out (FIFO) 6-18
Average-Cost 6-19
Appendix 6B: Estimating Inventories 6-19
Gross Profit Method 6-20
Retail Inventory Method 6-21
Appendix 6C: LIFO Inventory Method 6-22
A Look at U.S. GAAP 6-44
7 Fraud, Internal Control,
and Cash 7-1
Minding the Money at Nick’s: Nick’s Steakhouse and
Pizza 7-1
Fraud and Internal Control 7-2
Fraud 7-3
Internal Control 7-3
Principles of Internal Control Activities 7-4
Limitations of Internal Control 7-10
Cash Controls 7-10
Cash Receipts Controls 7-11
Cash Disbursements Controls 7-13
Petty Cash Fund 7-15
Control Features of a Bank Account 7-18
Making Bank Deposits 7-18
Writing Checks 7-19
Electronic Funds Transfer (EFT) System 7-20
Bank Statements 7-20
Reconciling the Bank Account 7-21
Reporting Cash 7-26
x Contents
Cash Equivalents 7-26
Restricted Cash 7-26
A Look at U.S. GAAP 7-46
8 Accounting for Receivables 8-1
Are You Going to Pay Me—or Not?: BNP Paribas 8-1
Recognition of Accounts Receivable 8-2
Types of Receivables 8-3
Recognizing Accounts Receivable 8-3
Valuation and Disposition of Accounts Receivable 8-5
Valuing Accounts Receivable 8-5
Disposing of Accounts Receivable 8-11
Notes Receivable 8-13
Determining the Maturity Date 8-14
Computing Interest 8-15
Recognizing Notes Receivable 8-15
Valuing Notes Receivable 8-16
Disposing of Notes Receivable 8-16
Presentation and Analysis 8-18
Presentation 8-19
Analysis 8-19
A Look at U.S. GAAP 8-38
9 Plant Assets, Natural Resources,
and Intangible Assets 9-1
How Much for a Ride to the Beach?: Rent-A-Wreck 9-1
Plant Asset Expenditures 9-2
Determining the Cost of Plant Assets 9-3
Expenditures During Useful Life 9-5
Depreciation Methods 9-7
Factors in Computing Depreciation 9-8
Depreciation Methods 9-8
Component Depreciation 9-13
Depreciation and Income Taxes 9-13
Revaluation of Plant Assets 9-13
Revising Periodic Depreciation 9-14
Plant Asset Disposals 9-15
Retirement of Plant Assets 9-16
Sale of Plant Assets 9-16
Natural Resources and Intangible Assets 9-18
Natural Resources and Depletion 9-18
Intangible Assets 9-20
Statement Presentation and Analysis 9-23
Presentation 9-23
Analysis 9-24
Appendix 9A: Exchange of Plant Assets 9-24
Loss Treatment 9-25
Gain Treatment 9-25
A Look at U.S. GAAP 9-47
10 Current Liabilities 10-1
Financing His Dreams: Wilbert Murdock 10-1
Accounting for Current Liabilities 10-2
What Is a Current Liability? 10-2
Notes Payable 10-3
Value-Added and Sales Taxes Payable 10-4
Unearned Revenues 10-5
Salaries and Wages 10-5
Current Maturities of Long-Term Debt 10-7
Reporting and Analyzing Current Liabilities 10-8
Reporting Uncertainty 10-8
Reporting of Current Liabilities 10-9
Analysis of Current Liabilities 10-10
A Look at U.S. GAAP 10-26
11 Non-Current Liabilities 11-1
Are We Living on Borrowed Time? 11-1
Overview of Bonds 11-2
Types of Bonds 11-3
Issuing Procedures 11-3
Bond Trading 11-3
Determining the Market Price of a Bond 11-4
Bond Transactions 11-6
Issuing Bonds at Face Value 11-6
Discount or Premium on Bonds 11-7
Issuing Bonds at a Discount 11-8
Issuing Bonds at a Premium 11-9
Redeeming Bonds 11-10
Accounting for Non-Current Liabilities 11-11
Long-Term Notes Payable 11-11
Lease Liabilities 11-13
Reporting and Analyzing Non-Current Liabilities 11-14
Presentation 11-14
Analysis 11-14
Debt and Equity Financing 11-15
Appendix 11A: Effective-Interest Method of Bond
Amortization 11-17
Amortizing Bond Discount 11-17
Amortizing Bond Premium 11-19
Appendix 11B: Straight-Line Amortization 11-20
Amortizing Bond Discount 11-20
Amortizing Bond Premium 11-21
A Look at U.S. GAAP 11-38
12 Corporations: Organization, Share
Transactions, and Equity 12-1
To the Victor Go the Spoils: adidas 12-1
The Corporate Form of Organization 12-2
Characteristics of a Corporation 12-3
Contents xi
Significant Non-Cash Activities 14-5
Format of the Statement of Cash Flows 14-5
Preparing the Statement of Cash Flows—Indirect
Method 14-7
Indirect and Direct Methods 14-8
Indirect Method—Computer Services
International 14-8
Step 1: Operating Activities 14-9
Summary of Conversion to Net Cash Provided
by Operating Activities—Indirect Method 14-12
Step 2: Investing and Financing Activities 14-13
Step 3: Net Change in Cash 14-14
Using Cash Flows to Evaluate a Company 14-17
Free Cash Flow 14-17
Appendix 14A: Statement of Cash Flows—Direct
Method 14-19
Step 1: Operating Activities 14-21
Step 2: Investing and Financing Activities 14-25
Step 3: Net Change in Cash 14-26
Appendix 14B: Statement of Cash Flows—T-Account
Approach 14-26
A Look at U.S. GAAP 14-50
15 Financial Analysis: The Big
Picture 15-1
Making Money the Old-Fashioned Way: Li Ka-shing 15-1
Basics of Financial Statement Analysis 15-2
Need for Comparative Analysis 15-3
Tools of Analysis 15-3
Horizontal Analysis 15-3
Vertical Analysis 15-6
Ratio Analysis 15-9
Liquidity Ratios 15-9
Profitability Ratios 15-13
Solvency Ratios 15-16
Summary of Ratios 15-18
Sustainable Income 15-20
Discontinued Operations 15-21
Changes in Accounting Principle 15-22
Comprehensive Income 15-22
A Look at U.S. GAAP 15-48
Appendix A Specimen Financial
Statements: Taiwan
Manufacturing Company,
Limited A-1
Forming a Corporation 12-5
Shareholder Rights 12-5
Share Issue Considerations 12-7
Corporate Capital 12-9
Accounting for Share Transactions 12-10
Accounting for Ordinary Shares 12-10
Accounting for Preference Shares 12-12
Accounting for Treasury Shares 12-13
Dividends and Splits 12-16
Accounting for Cash Dividends 12-17
Dividend Preferences 12-18
Accounting for Share Dividends 12-21
Accounting for Share Splits 12-23
Reporting and Analyzing Equity 12-24
Retained Earnings 12-24
Presentation of Statement of Financial Position 12-26
Analysis 12-27
Appendix 12A: Statement of Changes in Equity 12-28
Appendix 12B: Book Value—Another per Share
Amount 12-29
Book Value per Share 12-29
Book Value versus Market Price 12-30
A Look at U.S. GAAP 12-55
13 Investments 13-1
Playing for Fun and Profit: Sony 13-1
Debt Investments 13-2
Why Companies Invest 13-2
Accounting for Debt Investments 13-4
Share Investments 13-6
Holdings of Less than 20% 13-6
Holdings Between 20% and 50% 13-7
Holdings of More than 50% 13-8
Valuing and Reporting Investments 13-10
Categories of Securities 13-10
Statement of Financial Position Presentation 13-16
Presentation of Realized and Unrealized Gain or Loss 13-17
Classified Statement of Financial Position 13-17
Appendix 13A: Preparing Consolidated Financial
Statements 13-19
Consolidated Statement of Financial Position 13-19
Consolidated Income Statement 13-23
A Look at U.S. GAAP 13-40
14 Statement of Cash Flows 14-1
What Should We Do with This Cash?: Keyence 14-1
Statement of Cash Flows: Usefulness and Format 14-3
Usefulness of the Statement of Cash Flows 14-3
Classification of Cash Flows 14-3
xii Contents
Appendix F Accounting for
Partnerships F-1
Forming a Partnership F-2
Characteristics of Partnerships F-2
Organizations with Partnership Characteristics F-3
Advantages and Disadvantages of Partnerships F-4
The Partnership Agreement F-5
Accounting for a Partnership Formation F-5
Accounting for Net Income or Net Loss F-6
Dividing Net Income or Net Loss F-6
Partnership Financial Statements F-9
Liquidation of a Partnership F-10
No Capital Deficiency F-11
Capital Deficiency F-12
Admissions and Withdrawals of Partners F-15
Admission of a Partner F-15
Withdrawal of a Partner F-18
Appendix G Subsidiary Ledgers and
Special Journals G-1
Subsidiary Ledgers G-1
Subsidiary Ledger Example G-2
Advantages of Subsidiary Ledgers G-3
Special Journals G-4
Sales Journal G-4
Cash Receipts Journal G-7
Purchases Journal G-10
Cash Payments Journal G-13
Effects of Special Journals on the General
Journal G-15
Cybersecurity: A Final Comment G-16
Company Index I-1
Subject Index I-3
Appendix B Specimen Financial
Nestlé SA B-1
Appendix C Specimen Financial
Statements: Delfi
Limited C-1
Appendix D Specimen Financial
Apple Inc. D-1
Appendix E Time Value of Money E-1
Interest and Future Values E-1
Nature of Interest E-1
Future Value of a Single Amount E-3
Future Value of an Annuity E-5
Present Value Concepts E-7
Present Value Variables E-7
Present Value of a Single Amount E-7
Present Value of an Annuity E-9
Time Periods and Discounting E-11
Present Value of a Long-Term Note or Bond E-11
Using Financial Calculators E-14
Present Value of a Single Sum E-14
Present Value of an Annuity E-15
Useful Applications of the Financial Calculator E-16

Additional information


, ,


There are no reviews yet.

Be the first to review “Financial Accounting with International Financial Reporting Standards 4th Edition PDF – eBook”

Your email address will not be published. Required fields are marked *