Accounting Principles 7Th Canadian Edition Volume 2 By Jerry J. Weygandt
Are you studying for your Accounting course? Do you need a reliable source of information to help you gain a better understanding of the Accounting principles that apply to business? Look no further than Accounting Principles 7th Canadian Edition Volume 2 by Jerry J. Weygandt! This invaluable resource is an essential tool for students, auditors, and accounting professionals alike. In this book, you’ll find clear explanations of even the most complex Accounting concepts and standards.
Visual examples teach the application process in practice so that you can easily visualize how Accounting works in different situations. Plus, with case studies to illustrate how these principles are used in real-world scenarios, you’ll learn exactly how Asset Valuation or Distinguishing Between Liabilities and Equity is applied in practice. With comprehensive coverage on all areas of Financial Accounting, this textbook will prepare you to ace any upcoming quiz or exam!
Table of Contents
- Title Page
- Copyright Page
- Dedication
- Brief Contents
- Contents
- Chapter 9 Long-Lived Assets
- Capitalizing on Education
- Property, Plant, and Equipment
- Determining the Cost of Property, Plant, and Equipment
- Depreciation
- Revising Periodic Depreciation
- Disposal of Property, Plant, and Equipment
- Natural Resources
- Cost
- Depletion
- Disposal
- Intangible Assets and Goodwill
- Accounting for Intangible Assets
- Intangible Assets with Finite Lives
- Intangible Assets with Indefinite Lives
- Goodwill
- Statement Presentation and Analysis
- Presentation
- Analysis
- Chapter 10 Current Liabilities and Payroll
- Butterflies Bring About Better Banknotes
- Determinable (Certain) Current Liabilities
- Accounts Payable
- Unearned Revenues
- Operating Line of Credit and Bank Overdraft
- Short-Term Notes Payable
- Sales Taxes
- Property Taxes
- Current Maturities of Long-Term Debt
- Uncertain Liabilities
- Provisions
- Contingencies
- Payroll
- Employee Payroll Costs
- Employer Payroll Costs
- Recording the Payroll
- Financial Statement Presentation
- Appendix 10A: Payroll Deductions
- Chapter 11 Financial Reporting Concepts
- The Need for Accounting Standards
- The Conceptual Framework of Accounting
- The Objective of Financial Reporting
- Elements of Financial Statements
- Qualitative Characteristics of Useful Financial Information
- Fundamental Characteristics
- Enhancing Qualitative Characteristics
- Application of the Qualitative Characteristics
- Differences in Qualitative Characteristics Under IFRS and ASPE
- Recognition and Measurement Criteria
- General Recognition
- Revenue Recognition
- Other Revenue Recognition Situations
- Expense Recognition
- Measurement of Elements
- Violation of Recognition and Measurement Concepts: Errors and Intentional Misstatements
- Foundational Concepts, Assumptions, and Constraints
- Concepts and Assumptions
- Constraints
- Summary of Conceptual Framework
- Looking Ahead
- Chapter 12 Accounting for Partnerships
- Partnering for Success
- Partnership Form of Organization
- Characteristics of Partnerships
- Advantages and Disadvantages of Partnerships
- Partnership Agreement
- Basic Partnership Accounting
- Forming a Partnership
- Dividing Partnership Profit or Loss
- Partnership Financial Statements
- Admission and Withdrawal of a Partner
- Admission of a Partner
- Withdrawal of a Partner
- Liquidation of a Partnership
- No Capital Deficiency
- Capital Deficiency
- Chapter 13 Introduction to Corporations
- The Advantages of Incorporation
- The Corporate Form of Organization
- Characteristics of a Corporation
- Operating a Corporation
- Share Capital
- Share Issue Considerations
- Common Shares
- Preferred Shares
- Retained Earnings
- Corporate Income Statements
- Cash Dividends
- Reporting Retained Earnings
- Statement Presentation and Analysis
- Presentation of Shareholders’ Equity
- Analysis
- Chapter 14 Corporations: Additional Topics and IFRS
- Brewing Shareholder Return
- Additional Share Transactions
- Stock Dividends and Stock Splits
- Reacquisition of Shares
- Comprehensive Income
- Continuing and Discontinued Operations
- Other Comprehensive Income
- Accounting Changes
- Changes in Accounting Estimates
- Changes in Accounting Policies
- Correction of Prior Period Errors
- Reporting Changes in Shareholders’ Equity
- Summary of Shareholders’ Equity Transactions
- Statement of Changes in Shareholders’ Equity
- Analyzing Shareholders’ Equity
- Earnings Performance
- Dividends Record
- Chapter 15 Non-Current Liabilities
- A New Lease on Aircraft Accounting
- Bonds Payable
- Types of Bonds
- Bond Issuance
- Bond Trading
- Bond Pricing
- Discount or Premium on Bonds
- Accounting for Bond Issues
- Issuing Bonds at Face Value
- Issuing Bonds at a Discount
- Issuing Bonds at a Premium
- Issuing Bonds at a Discount Versus at a Premium
- Bond Interest Accruals
- Accounting for Bond Retirements
- Redeeming Bonds at Maturity
- Redeeming Bonds Before Maturity
- Instalment Notes Payable
- Fixed Principal Payments
- Blended Payments
- Current and Non-Current Portions
- Lease Liabilities
- Operating Leases
- Finance Leases
- Statement Presentation and Analysis
- Presentation
- Analysis
- Chapter 16 Investments
- Growing an Agricultural Business through Strategic Investments
- Classifying Investments
- Non-Strategic Investments
- Strategic Investments
- Accounting for Debt Investments Reported at Amortized Cost
- Money-Market Instruments
- Bonds
- Accounting for Fair Value Investments
- Fair Value through Profit or Loss
- Fair Value through other Comprehensive Income
- Accounting for Strategic Investments
- Equity Method
- Cost Method
- Reporting of Investments
- Balance Sheet
- Income Statement and Statement of Comprehensive Income
- Summary of Investments
- Chapter 17 The Cash Flow Statement
- Going with the Cash Flow
- Reporting of Cash Flows
- Usefulness of the Cash Flow Statement
- Content of the Cash Flow Statement
- Preparation of the Cash Flow Statement
- Indirect Method
- Direct Method
- Using the Information in the Financial Statements
- Free Cash Flow
- Chapter 18 Financial Statement Analysis
- Corus Entertains Investors
- Basics of Financial Statement Analysis
- Comparative Analysis
- Tools of Analysis
- Horizontal Analysis
- Balance Sheet
- Income Statement
- Vertical Analysis
- Balance Sheet
- Income Statement
- Ratio Analysis
- Liquidity Ratios
- Solvency Ratios
- Profitability Ratios
- Limitations of Financial Statement Analysis
- Alternative Accounting Policies
- Comprehensive Income
- Quality of Information
- Economic Factors
- Appendix A: Specimen Financial Statements
- Appendix B: Sales Taxes
- Appendix PV: Present Value Concepts
- Company Index
- Subject Index
- EULA
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