1 / 8

Financial Accounting Revision - Intangible Assets, Liabilities, Equity, Investments, PPE

This lecture covers the characteristics, valuation, and accounting procedures for intangible assets, liabilities, equity, investments, and property, plant, and equipment. It also discusses the presentation and analysis of these items.

ericbailey
Download Presentation

Financial Accounting Revision - Intangible Assets, Liabilities, Equity, Investments, PPE

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Lecture 15: Revision Financial Accounting Chapter 10, 11, 12, 13, 14,15, 17

  2. Chapter 12 • Describe the characteristics of intangible assets. • Identify the costs to include in the initial valuation of intangible assets. • Explain the procedure for amortizing intangible assets. • Describe the types of intangible assets. • Explain the accounting issues for recording goodwill. • Explain the accounting issues related to intangible asset impairments. • Identify the conceptual issues related to research and development costs. • Describe the accounting for research and development and similar costs. • Indicate the presentation of intangible assets and related items.

  3. Chapter 13: CL, Provision and Contingency • Describe the nature, type, and valuation of current liabilities. • Explain the classification issues of short-term debt expected to be refinanced. • Explain the accounting for different types of provisions. • Identify the criteria used to account for and disclose contingent liabilities and assets. • Indicate how to present and analyze liability-related information.

  4. Chapter 14 • Describe the formal procedures associated with issuing long-term debt. • Identify various types of bond issues. • Describe the accounting valuation for bonds at date of issuance. • Apply the methods of bond discount and premium amortization.. • Describe the accounting for the extinguishment of non-current liabilities. •   Indicate how to present and analyze non-current liabilities.

  5. Chapter 15: Equity • Discuss the characteristics of the corporate form of organization. • Identify the key components of equity. • Explain the accounting procedures for issuing shares. • Describe the accounting for treasury shares. • Explain the accounting for and reporting of preference shares. • Describe the policies used in distributing dividends. • Identify the various forms of dividend distributions. • Explain the accounting for share dividends and share splits. • Indicate how to present and analyze equity. • Explain the different types of preference share dividends.

  6. Chapter 17: Investment • Describe the accounting framework for financial assets. • Understand the accounting for debt investments at amortized cost. • Understand the accounting for debt investments at fair value. • Describe the accounting for the fair value option. • Understand the accounting for equity investments at fair value. • Explain the equity method of accounting and compare it to the fair value method for equity investments.

  7. Chapter 11: PPE • accounting issues related to asset impairment. •  accounting for revaluations.

  8. Final Exam Format • 20 MCQ: 1 Mark each • 5 Short answer (80 marks) in which: • Bonds: • Investment • Equity • Intangible • Provision or PPE

More Related