Financial Accounting Theory and Analysis Text and Cases 11th Edition Schroeder Test Bank

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Product details:

• ISBN-10 ‏ : ‎ 1118582799
• ISBN-13 ‏ : ‎ 978-1118582794
• Author: Richard G. Schroeder; Myrtle W. Clark
• Financial Accounting Theory and Analysis: Text and Cases, 11th Edition continues to focus on showing readers how accounting standards directly affect daily decision making on the job. The new edition of this text has been updated and revised to provide students and professionals with the theoretical background they need to keep up with the convergence issues and succeed in today’s increasingly global economy. The 11th Edition incorporates all new standards or exposure drafts from the FASB and IASB released, including an updated revenue recognition section with the FASB’s discussion of the “milestone method” integrated.

  Table of contents:

1 The Development of Accounting Theory 1

The Early History of Accounting 2

Accounting in the United States Since 1930 5

The Role of Ethics in Accounting 22

International Accounting Standards 26

Cases 27

FASB ASC Research 29

Room for Debate 29

2 The Pursuit of the Conceptual Framework 30

The Early Theorists 30

Early Authoritative and Semiauthoritative Attempts to Develop the Conceptual Framework of Accounting 32

Statement on Accounting Theory and Theory Acceptance 38

The FASB’s Conceptual Framework Project 41

International Convergence 66

Cases 74

FASB ASC Research 76

Room for Debate 77

3 International Accounting 78

International Business Accounting Issues 79

The Development of Accounting Systems 79

Preparation of Financial Statements for Foreign Users 81

The International Accounting Standards Committee 81

The Uses of International Accounting Standards 92

The IASC and the IOSCO 94

The IASB Annual Improvements Project 95

IASB–FASB Convergence 96

The Effects of International versus US GAAP Accounting Standards 97

Standards Overload 100

Framework for the Preparation and Presentation of Financial Statements 101

The IASB–FASB Financial Statement Presentation Project 110

Cases 112

FASB ASC Research 114

Room for Debate 114

4 The Status Development and Uses of Financial Reporting 115

The Financial Reporting Environment 115

Research Methodology 118

The Outcomes of Providing Accounting Information 121

The Relationship Among Accounting Research Education and Practice 147

Cases 149

FASB ASC Research 152

Room for Debate 153

5 Income Concepts Revenue Recognition and Other Methods of Reporting 154

The Nature of Income 155

Economic Versus Accounting Income 159

Revenue Recognition 161

Matching 180

Income Recognition Constraints 182

Non- GAAP Measures of Performance 183

Sustainability Reporting 186

Earnings Quality Earnings Management and Fraudulent Financial Reporting 191

International Accounting Standards 197

Cases 203

FASB ASC Research 206

Room for Debate 207

6 Financial Statement I: The Income Statement 208

The Economic Consequences of Financial Reporting 208

Income Statement Elements 208

Statement Format 210

The Value of Corporate Earnings 233

International Accounting Standards 238

Cases 243

FASB ASC Research 246

Room for Debate 246

7 Financial Statements II: The Balance Sheet and the Statement of Cash Flows 247

The Balance Sheet 247

Fair Value Measurements 259

Evaluating a Company’s Financial Position 266

The Statement of Cash Flows 269

Financial Analysis of Cash- Flow Information 279

International Accounting Standards 280

FASB ASC Research 291

Room for Debate 292

8 Working Capital 293

Development of the Working Capital Concept 293

Current Usage 295

Components of Working Capital 295

Working Capital Management 306

International Accounting Standards 314

Cases 316

FASB ASC Research 319

Room for Debate 319

9 Long- Term Assets I: Property Plant and Equipment 321

Property Plant and Equipment 321

Financial Analysis of Property Plant and Equipment 326

Cost Allocation 326

Capital and Revenue Expenditures 329

Recognition and Measurement Issues 330

Impairment of Value 330

Accounting for Asset Retirement Obligations 333

International Accounting Standards 335

Cases 341

FASB ASC Research 345

Room for Debate 346

10 Long- Term Assets II: Investments and Intangibles 347

Investments in Equity Securities 347

Investments in Debt Securities 355

Impairment of Investments in Unsecuritized Debt Including Receivables and Loans 359

The Fair Value Option for Financial Assets 363

Transfers of Financial Assets 364

Cryptocurrency 376

Financial Analysis of Investments and Intangibles 379

International Accounting Standards 379

Cases 390

FASB ASC Research 394

Room for Debate 394

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