Mdsarfaraz
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Corporate Accounting complete package
Administrative matters Discussion of Accounting Why is accounting interesting? Why do we need accounting? Course objective Sophisticated financial statement user An overview of information in financial statements complete information of accounting
- Package deal
- • 19 items •
- Discussion of Accounting • Class notes
- Discussion of Accounting • Class notes
- An accountant’s functions include • Class notes
- Balance Sheet: Investments and Financing • Class notes
- Corporate Accounting • Class notes
- And more ….
Administrative matters Discussion of Accounting Why is accounting interesting? Why do we need accounting? Course objective Sophisticated financial statement user An overview of information in financial statements complete information of accounting
Current Liabilities and Contingencies
Nature and reporting of current liabilities Understand the nature and reporting requirements of contingencies Illustrate the trade-off between reliability and relevance in accounting for contingencies
- Package deal
- Class notes
- • 12 pages •
Nature and reporting of current liabilities Understand the nature and reporting requirements of contingencies Illustrate the trade-off between reliability and relevance in accounting for contingencies
Accounting for Long-Term Debt
Extend our understanding of valuation methods beyond simple present value calculations. Understand the terminology of long-term debt Bonds – coupon and zero-coupon bonds At Par vs. Discount vs. Premium Market interest rate versus coupon rate Mortgages – Interest plus Principal paid each period Practice bookkeeping for debt issuance, interest accruals, periodic payments, and debt retirement. Understand how long-term debt affects financial statements over ti...
- Package deal
- Class notes
- • 28 pages •
Extend our understanding of valuation methods beyond simple present value calculations. Understand the terminology of long-term debt Bonds – coupon and zero-coupon bonds At Par vs. Discount vs. Premium Market interest rate versus coupon rate Mortgages – Interest plus Principal paid each period Practice bookkeeping for debt issuance, interest accruals, periodic payments, and debt retirement. Understand how long-term debt affects financial statements over ti...
Time Value of Money
Obligations that must be discharged in a short period of time (generally less than one year) Reported on balance sheet at nominal value examples: Accounts payable Short-term borrowings Current portion of long-term debt Deposits Warranties Deferred Revenues / Income
- Package deal
- Class notes
- • 19 pages •
Obligations that must be discharged in a short period of time (generally less than one year) Reported on balance sheet at nominal value examples: Accounts payable Short-term borrowings Current portion of long-term debt Deposits Warranties Deferred Revenues / Income
Accounting for Leases
Understand the rationale for leasing and the distinction between operating and capital leases. Understand the Income Statement and Balance Sheet differences between operating and capital leases from the lessee’s perspective.
- Package deal
- Class notes
- • 22 pages •
Understand the rationale for leasing and the distinction between operating and capital leases. Understand the Income Statement and Balance Sheet differences between operating and capital leases from the lessee’s perspective.
Accounting for Marketable Securities
Understand when accounting departs from the “transactions- based” model and towards market-driven valuations
- Package deal
- Class notes
- • 17 pages •
Understand when accounting departs from the “transactions- based” model and towards market-driven valuations
Depreciation and Deferred Taxes
Tax Depreciation Accelerated depreciation No judgment in determining depreciation expense Tax Reporting ≠ Financial Reporting ==> timing differences in measurement of income Why would a firm prefer accelerated depreciation for tax purposes? Why does government allow this? Why not use the tax method for financial reporting? Different depreciation for tax and financial reporting gives rise to Deferred Taxes
- Package deal
- Class notes
- • 4 pages •
Tax Depreciation Accelerated depreciation No judgment in determining depreciation expense Tax Reporting ≠ Financial Reporting ==> timing differences in measurement of income Why would a firm prefer accelerated depreciation for tax purposes? Why does government allow this? Why not use the tax method for financial reporting? Different depreciation for tax and financial reporting gives rise to Deferred Taxes
Accounting for Business Combinations
Understand that the accounting method used for acquisitions depends on the extent to which the investor exerts influence over the investee.
- Package deal
- Class notes
- • 13 pages •
Understand that the accounting method used for acquisitions depends on the extent to which the investor exerts influence over the investee.
Course summary of Accounting
Accounting – Mapping of actions and events into financial statements (Economic) Principles governing the accounting mapping: Objectivity, conservatism, revenue recognition, and matching
- Package deal
- Class notes
- • 9 pages •
Accounting – Mapping of actions and events into financial statements (Economic) Principles governing the accounting mapping: Objectivity, conservatism, revenue recognition, and matching
Financial Statement Analysis
What is financial statement analysis? What is ratio analysis? The mechanics of and inferences from: Profitability ratios Risk ratios
- Package deal
- Class notes
- • 38 pages •
What is financial statement analysis? What is ratio analysis? The mechanics of and inferences from: Profitability ratios Risk ratios