高级会计学 英文本PDF电子书下载

Chapter 1 Business Combinations 1

The Form of Business Combinations 2

The Accounting Concept of a Business Combination 3

Note to the Student 8

Application of the Pooling of Interests Method 8

Accounting for Business Combinations Under the Purchase Method 13

Pooling and Purchase Methods Compared 19

Disclosure Requirements for a Pooling 22

Disclosure Requirements for a Purchase 22

Summary 23

Chapter 2 Stock Investments-Investor Accounting and Reporting 37

Accounting for Stock Investments 37

Equity Method of Accounting—A One-Line Consolidation 41

Interim Acquisitions of an Investment Interest 47

Investment in a Step-by-Step Acquisition 49

Sale of an Equity Interest 49

Stock Purchases Directly from the Investee 50

Investee Corporation with Preferred Stock 50

Extraordinary Items,Cumulative-Effect-Type Adjustments,and Other Considerations 51

Disclosures for Equity Investees 52

Summary 54

Note to the Student 54

Chapter 3 An Introduction to Consolidated Financial Statements 67

Business Combinations Consummated Through Stock Acquisitions 67

Consolidated Balance Sheet at Date of Acquisition 70

Consolidated Balance Sheets After Acquisition 74

Allocation of Excess to Identifiable Net Assets and Goodwill 76

Consolidated Income Statement 83

Push-Down Accounting 84

Allocation of the Purchase Price to Total Fair Values of the Subsidiary 85

Pooled Subsidiaries 86

Summary 90

Chapter 4 Consolidation Techniques and Procedures 106

Consolidation Under the Equity Method 106

Consolidation Under an Incomplete Equity Method 113

Consolidation Under the Cost Method 118

Locating Errors 126

Excess Allocated to Identifiable Net Assets 126

Trial Balance Working Paper Format 131

Summary 134

Appendix:Consolidated Statement of Cash Flows 134

Chapter 5 Intercompany Profit Transactions—Inventories 160

Intercompany Inventory Transactions 161

Downstream and Upstream Sales 166

Unrealized Profits from Downstream Sales 168

Unrealized Profits from Upstream Sales 171

Consolidation Example-Intercompany Profits from Downstream Sales 174

Consolidation Example-Intercompany Profits from Upstream Sales 181

Summary 187

Chapter 6 Intercompany Profit Transactions-Plant Assets 205

Intercompany Profits on Nondepreciable Plant Assets 205

Intercompany Profits on Depreciable Plant Assets 210

Plant Assets Sold at Other Than Fair Value 219

Consolidation Example-Upstream and Downstream Sales of PlantAssets 220

Inventory Items Purchased for Use as Operating Assets 228

Summary 229

Chapter 7 Intercompany Profit Transactions-Bonds 245

Intercompany Bond Transactions 245

Constructive Gains and Losses on Intercompany Bonds 246

Parent Company Bonds Purchased by Subsidiary 248

Subsidiary Bonds Purchased by Parent 254

Consolidation in Years After Intercompany Bond Purchase Under Different Assumptions 261

Summary 268

Chapter 8 Consolidations-Changes in Ownership Interests 285

Acquisitions During an Accounting Period 285

Pooling of Interests During an Accounting Period 289

Piecemeal Acquisitions 291

Sale of Ownership Interests 294

Changes in Ownership Interests from Subsidiary Stock Transactions 299

Stock Dividends and Stock Splits by a Subsidiary 304

Summary 306

Chapter 9 Indirect and Mutual Holdings 325

Affiliation Structures 325

Indirect Holdings-Father-Son-Grandson Structure 327

Indirect Holdings—Connecting Affiliates Structure 332

Mutual Holdings—Parent Stock Held by Subsidiary 337

Subsidiary Stock Mutually Held 347

Summary 349

Subsidiaries with Preferred Stock Outstanding 365

Chapter 10 Subsidiary Preferred Stock,Consolidated Earnings per Share,and Consolidated Income Taxation 365

Parent Company and Consolidated Earnings per Share 372

Subsidiary with Convertible Preferred Stock 374

Subsidiary with Options and Convertible Bonds 375

Accounting for Income Taxes of Consolidated Entities 377

Income Tax Allocation 378

Separate Company Tax Returns with Intercompany Gain 380

Effect of Consolidated and Separate Company Tax Returns on Consolidated Procedures 384

Business Combinations 391

Financial Statement Disclosures for Income Taxes 395

Summary 396

Chapter 11 Consolidation Theories,Push-Down Accounting,and Corporate Joint Ventures 412

Comparison of Consolidation Theories 413

Illustration-Consolidation Under Parent Company and Entity Theories 416

Push-Down Accounting and Other Basis Considerations 425

Joint Ventures 432

Summary 436

Appendix:Consolidation Under a Current Cost System 436

Chapter 12 Accounting for Branch Operations 455

Sales Agencies and Branches 455

Sales Agency Accounts 456

Branch Accounting Systems 458

Merchandise Shipments in Excess of Cost 461

Freight Costs on Shipments 466

Home Office-Branch Expense Allocation 467

Reconciliation of Home Office and Branch Accounts 468

Illustration of Home Office and Branch Accounting 469

Summary 473

Chapter 13 Foreign Currency Concepts and Transactions 487

Brief Background on Authoritative Accounting Pronouncements 487

Objectives of Translation and the Functional Currency Concept 488

Foreign Exchange Concepts and Definitions 489

Foreign Currency Transactions Other Than Forward Contacts 493

Foreign CurrencyDerivatives and Hedging Activities 496

Summary 506

Chapter 14 Foreign Currency Financial Statements 519

Application of the Functional Currency Concept 519

Illustration-Translation Under Statement No.52 524

Illustration-Remeasurement Under Statement No.52 531

Illustration-Translation with Minority Interest 536

Accounting for a Foreign Branch 545

Summary 548

Appendix:Statement of Cash Flows 549

Chapter 15 Segment and Interim Financial Reporting 575

Evolution of Segment Reporting Requirements 575

Segment Reporting Under FASB Statement No.131 576

Interim Financial Reporting 581

Guidelines for Preparing Interim Statements 584

Summary 588

Chapter 16 Partnerships-Formation,Operations,and Changes in Ownership Interests 599

Nature of Partnerships 599

Initial Investments in a Partnership 600

Additional Investments and Withdrawals 603

Partnership Operations 604

Profit and Loss Sharing Agreements 605

Changes in Partnership Interests 611

Purchase of an Interest from Existing Partners 612

Investing in an Existing Partnership 615

Dissolution of a Continuing Partnership Through Death or Retirement 619

Limited Partnerships 621

Summary 622

Appendix:Uniform Partnership Act(1914) 634

Chapter 17 Dissolution and Liquidation of a Partnership 645

The Liquidation Process 645

Safe Payments to Partners 649

Installment Liquidations 651

Cash Distribution Plans 657

Insolvent Partners and Partnerships 660

Summary 662

Chapter 18 Corporate Liquidations,Reorganizations,and Debt Restructurings for Financially Distressed Corporations 675

Bankruptcy Reform Act of 1978 675

Liquidation 677

Illustration of a Liquidation Case 679

Reorganization 688

Financial Reporting During Reorganization 691

Financial Reporting for the Emerging Company 693

Illustration of a Reorganization Case 695

Troubled Debt Restructurings 702

Illustration of a Troubled Debt Restructuring 704

Summary 707

Chapter 19 An Introduction to Accounting for State and Local Governmental Units—Part Ⅰ 719

Historical Development of Accounting Principles for State and Local Governmental Units 720

Overview of Basic Governmental Accounting Models and Principles 722

The Role of the Budget,Budgetary Accounting,and Budgetary Reporting 734

Budgeting 735

The General Fund and Special Revenue Funds 736

Accounting for the General Fund 737

Summary 745

Chapter 20 An Introduction to Accounting for State and Local Governmental Units—Part Ⅱ 759

Capital Projects Funds 759

Debt Service Funds 765

Account Groups 768

Special Assessment Activities 768

General Fixed Assets Account Group 769

General Long-Term Debt Account Group 771

Accounting for Leases in Governmental Funds 773

Proprietary Funds 774

Internal Service Funds 775

Enterprise Funds 780

Combining Financial Statements 781

Fiduciary Funds 781

Agency Funds 783

Trust Funds 784

Pension Trust Funds 788

Combined Financial Statements 789

Proposed Reporting Model Changes 797

Summary 800

Chapter 21 Voluntary Health and Welfare Organizations,Health Care Entities,and Colleges and Universities 817

Sources ofAccounting Principles for Nongovernmental,Not-for-Profit Entities 817

Accounting Principles Applicable to Most Nongovernmental,Not-for-Profit Entities 818

Voluntary Health and Welfare Organizations 825

Hospitals and Other Health Care Organizations 833

Colleges and Universities 842

AICPA College Guide Model 843

Summary 856

Appendix A SEC Influence on Accounting 867

The 1933 Securities Act 867

The Securities Exchange Act of 1934 868

The Integrated Disclosure System 869

The Registration Statement for Security Issues 869

SEC Developments 871

Summary 872

Appendix B Estates and Trusts 873

Creation of an Estate 873

Probate Proceedings 874

Administration of the Estate 874

Accounting for the Estate 876

Illustration of Estate Accounting 876

Accounting for Trusts 881

Summary 881

Glossary 883

Index 891