Intermed.acct.,v.1 -w/cd >canadian Ed.<

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Chapter 1-The Canadian Financial Reporting EnvironmentRole of Financial Reporting Financial Statements and Financial Reporting Accounting and Capital Allocation Stakeholders Objective of Financial Reporting Management Bias Users' Needs Standard Setting Need to Develop Standards Parties Involved in Standard Setting Standard Setting in a Political Environment Generally Accepted Accounting Principles Gaap Hierarchy Professional Judgement Role of Ethics Challenges Facing Financial Reporting Globalization of Companies and Capital Markets Impact of Technology Changing Nature of the Economy Increased Requirement for Accountability Conclusion top Chapter 2-Conceptual Framework Underlying Financial ReportingConceptual FrameworkRationale for Conceptual Framework Development of Conceptual Framework First Level: Basic Objectives Second Level: Fundamental Concepts Qualitative Characteristics of Accounting Information Basic Elements Third Level: Foundational Principles and Conventions Basic Assumptions Basic Principles of Accounting Constraints Financial Reporting Issues Making Accounting Choices Issue Identification Financial Engineering Fraudulent Financial Reporting Chapter 3-The Accounting Information SystemAccounting Information System Basic Terminology Debits and Credits Basic Equation Financial Statements and Ownership Structure The Accounting CycleIdentifying and Recording Transactions and Other Events Journalizing Posting Trial Balance Adjusting Entries Adjusted Trial Balance Closing Post-Closing Trial Balance Reversing Entries The Accounting Cycle Summarized Using a Work Sheet Adjustments Entered on the Work Sheet Work Sheet Columns Preparing Financial Statements from a Work Sheet Closing Entries Monthly Statements, Yearly Closing Appendix 3a Using Reversing Entries Chapter 4-Reporting Financial PerformanceIncome Statement Usefulness of the Income Statement Limitations of the Income Statement Quality of Earnings Format of the Income Statement Elements of the Income Statements Single-Step Income Statements Multiple-Step Income Statements Intermediate Components of the Income Statement Condensed Income Statements Reporting Irregular Items Discontinued Operations Extraordinary Items Unusual Gains and Losses Changes in Estimates Special Reporting Issues Intraperiod Tax Allocation Earnings per Share Retained Earnings Statement Comprehensive Income Perspectives Appendix 4a Cash Basis Versus Accrual Basis Earnings Chapter 5-Financial Position and Cash FlowsSection 1 - Balance Sheet Usefulness of the Balance Sheet Limitations of the Balance Sheet Classifications in the Balance Sheet Balance Sheet Format Additional Information Reported Techniques of Disclosure Terminology Section 2 - Statement of Cash Flows Purpose of the Statement of Cash Flows Content and Format of the Statement of Cash Usefulness of the Statement of Cash Flows Perspectives Appendix 5a Ratio Analysis-A Reference Appendix 5b Specimen Financial Statements Chapter 6-Revenue RecognitionThe Current Environment Revenue Recognition Criteria Earnings Process Sale of Goods Rendering of Services and Long-Term Contracts Barter and Nonmonetary Transactions Reporting Gross versus Net Revenues Measurement Uncertainty Sales When Right of Return Exist Trade Loading and Channel Stuffing Bundled Sales Uncertainty Associated with Collectibility Instalment Sales Instalment Method Cost Recovery Method Appendix 6a Franchises Chapter 7-Ca