Intermediate Accounting - Part One - Saudi Organization for Certified Public Accountants

Intermediate Accounting - Part One - Saudi Organization for Certified Public Accountants Author: Ken Lu & George Fischer Binding: Hardcover Parts: One Paper: Shamua Size: 14 × 21 Overview: In addition to the unique introduction to presenting and integrating theory using basic concepts, this book provides comprehensive coverage of accounting standards and practical application, which is typically expected in any intermediate accounting course. This edition of the book reflects the latest issued standards, including International Financial Reporting Standard (IFRS) 15 related to revenue recognition, and IFRS 9 concerning financial instruments. After discussing the four financial statements in Chapter Three of Part One, Chapter Four addresses revenue and expense recognition to clarify the link between financial reports and project activities that add value. Chapters from Five to Ten in this book detail issues related to the asset side of the balance sheet. The book also covers accounting standards for private projects, with each chapter identifying the differences between International Financial Reporting Standards (IFRS) and private project accounting standards. The book contains ten chapters and appendices as follows: Basics of Financial Accounting Theory Conceptual Frameworks for Financial Reporting Accrual Basis Accounting Revenue Recognition Cash and Accounts Receivable Inventory Financial Assets Real Estate, Machinery, and Equipment Intangible Assets, Goodwill, Mineral Resources, and Government Grants Fair Value Applications for Non-Current Assets Cash Flow Statement Time Value of Money and Simple Discounting Methods Case Study Approach and Comprehensive Cases 2013 Consolidated Financial Statements of Canadian Tire Company