A key focus of the authors is to foster a friendly dialogue between the text and each individual student and to actively avoid the encyclopedic presentation that seems to have evolved in some textbooks. The goal is to create the impression of speaking with the student, as opposed to teaching to the student. This approach creates a clear, readable presentation that is better able to involve, inform, and motivate the students.
Read the section on Internal Control pg and be prepared to answer some multiple choice questions over this. Pay specific attention to the following: Define the term cash and cash equivalents.
Explain the purpose of a bank reconciliation and be able to work through the additions and subtractions necessary to perform a bank reconciliation. Also, be able to make the journal entries necessary for a bank reconciliation. Review the basics of Petty Cash Funds including setting one up, and reimbursing the Intermediate accounting chapters.
Define the meaning of Notes Receivable and explain how it gets on a company's books. Explain the difference between the allowance method for uncollectible accounts and the direct charge-off method.
Explain how accounts receivable and the allowance for uncollectible accounts are disclosed on the balance sheet. Estimation of Uncollectible Account Expense The end-of-the-year adjusting entry using both approaches include impact on the accounting equation The meaning of and how to deal with end-of-the-year debit or credit balances before adjustment in the allowance account Computation of end-of-the-year Allowance Balances and Net Accounts Receivables balance using both approaches.
Show the journal entry to write-off accounts using the Allowance Method under each approach including impact on financial position.
Explain why the two different methods for estimating uncollectible accounts expense yield different results.
Be able to compute the following as it relates to notes receivable: Explain how dishonored notes should be handled. Define factoring and explain the difference between factoring with recourse and factoring without recourse.
What is a contingent liability and how might it arise in relation to factoring? Study the review problem and homework problems listed below. Likely test question for problems: P1, P5, and review problem. Identify the characteristics of a long-term asset.
Identify the classifications of long-term assets and identify the type of cost allocation appropriate for each type of long-term asset.
intermediate accounting kieso chapter 14 learn vocabulary terms and more with flashcards games and other study tools this material is covered in an appendix to the chapter simple 10 15 e12 9 accounting for intermediate accounting 13 e solutions manual Page 1. Related eBook Available are. Download chapter 19 intermediate accounting solutions in EPUB Format Download zip of chapter 19 intermediate accounting solutions Read Online chapter 19 intermediate accounting solutions as free as you can Note: we never host pirated books and we do not link to sites hosting. Kieso, Weygandt, Warfield: Intermediate Accounting, 14th Edition. Home. Browse by Chapter. Browse by Chapter.
Discuss the general approach to acquisition cost. Identify the differences and the various types of acquisition costs related to land, land improvements, buildings, leasehold improvements, equipment, and group purchases.
Compute acquisition cost for a group purchase. Discuss the following factors in computing depreciation: Show the basic journal entry for depreciation.
Identify the three different methods presented in the book for computing depreciation. Discuss the difference between the three methods and be able to work a problem using each method. Be able to set up a basic depreciation schedule, defining each element of the schedule cost, annual depreciation, accumulated depreciation, and carrying value.
Explain the concept of group depreciation. Explain the concept of depreciating for partial years and how this works. Explain the concept of revising depreciation rates and how this works. Show the journal entries for discarding of plant assets and selling plant assets for cash no gains or losses, loss on sale, and gain on sale.
Explain accounting for natural resources and do the following: Show the basic journal entry for amortizing intangible assets. Explain how research and development costs are treated. Explain the term goodwill including how it is handled for accounting purposes.
Likely test question s for problems: E5 for all 5 years for each approach; miles driven:He has published articles in a variety of journals including The Accounting Review, Accounting and Business Research, Journal of Financial Research, and Journal of Accounting Education, and is an author of McGraw-Hill’s Financial Accounting with Wayne Thomas and Don Herrmann.
Kieso, Weygandt, Warfield: Intermediate Accounting, 14th Edition. Home. Browse by Chapter. Browse by Chapter. Start studying Intermediate Accounting Chapter 1. Learn vocabulary, terms, and more with flashcards, games, and other study tools. Sun, 10 Dec GMT intermediate accounting chapter 4 pdf - CHAPTER 4 Income Statement and Related Information ASSIGNMENT CLASSIFICATION.
DOWNLOAD KIESO INTERMEDIATE ACCOUNTING SOLUTIONS CHAPTER 8 kieso intermediate accounting solutions pdf NOTE: This book is a standalone book and doesn't include an access code. Intermediate Accounting I Tutor All Intermediate 1 accounting courses teach the same subjects and concepts presented on this website.
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