Search
- Filter Results
- Location
- Classification
- Include attachments
- https://biz.libretexts.org/Bookshelves/Accounting/Intermediate_Financial_Accounting_1__(Arnold_and_Kyle)/02%3A_Why_Accounting/2.01%3A_Definition_and_Information_AsymmetryFor example, if a manager of a company knew that a contract had just been signed with a new customer that was going to significantly increase revenues in the following year, the manager may be tempted...For example, if a manager of a company knew that a contract had just been signed with a new customer that was going to significantly increase revenues in the following year, the manager may be tempted to purchase shares of the company on the open market before the contract is announced to the public.
- https://biz.libretexts.org/Bookshelves/Accounting/Intermediate_Financial_Accounting_1__(Arnold_and_Kyle)/08%3A_Intercorporate_InvestmentsHowever, trouble quickly brewed and in 2012, accounting "anomalies" were uncovered by HP, giving rise to a massive impairment write-down of the Autonomy HP unit to the tune of an $8.8 billion impairme...However, trouble quickly brewed and in 2012, accounting "anomalies" were uncovered by HP, giving rise to a massive impairment write-down of the Autonomy HP unit to the tune of an $8.8 billion impairment charge. HP also stated that the actual losses of Autonomy's loss-prone hardware division were misclassified as "sales and marketing expenses" in the operating expenses section rather than as cost of goods sold in the gross profit section.
- https://biz.libretexts.org/Bookshelves/Accounting/Intermediate_Financial_Accounting_1__(Arnold_and_Kyle)/11%3A_Intangible_Assets_and_GoodwillLike property, plant, and equipment (PPE) assets, intangible assets are long-lived, non-monetary assets whose costs are capitalized and reported as long-term assets on the statement of financial posit...Like property, plant, and equipment (PPE) assets, intangible assets are long-lived, non-monetary assets whose costs are capitalized and reported as long-term assets on the statement of financial position/balance sheet (SFP/BS). This chapter will focus on the various kinds of intangible assets and goodwill in terms of their use in business, as well as their recognition, measurement, reporting, and analysis.
- https://biz.libretexts.org/Bookshelves/Accounting/Intermediate_Financial_Accounting_1__(Arnold_and_Kyle)/00%3A_Front_Matter/02%3A_InfoPageThe LibreTexts libraries are Powered by NICE CXOne and are supported by the Department of Education Open Textbook Pilot Project, the UC Davis Office of the Provost, the UC Davis Library, the Californi...The LibreTexts libraries are Powered by NICE CXOne and are supported by the Department of Education Open Textbook Pilot Project, the UC Davis Office of the Provost, the UC Davis Library, the California State University Affordable Learning Solutions Program, and Merlot.
- https://biz.libretexts.org/Bookshelves/Accounting/Intermediate_Financial_Accounting_2_(Arnold_and_Kyle)/zz%3A_Back_Matter
- https://biz.libretexts.org/Bookshelves/Accounting/Intermediate_Financial_Accounting_2_(Arnold_and_Kyle)/00%3A_Front_Matter
- https://biz.libretexts.org/Bookshelves/Accounting/Intermediate_Financial_Accounting_1__(Arnold_and_Kyle)Intermediate Financial Accounting Volume 1 by G. Arnold and S. Kyle, developed in collaboration by Athabasca University and Lyryx, is intended for a first course in Intermediate Financial Accounting, ...Intermediate Financial Accounting Volume 1 by G. Arnold and S. Kyle, developed in collaboration by Athabasca University and Lyryx, is intended for a first course in Intermediate Financial Accounting, and presumes that students have already completed one or two Introductory Financial Accounting courses. The textbook reflects current International Financial Reporting Standards (IFRS), such as IFRS 15 – Revenue from Contracts With Customers.
- https://biz.libretexts.org/Bookshelves/Accounting/Intermediate_Financial_Accounting_1__(Arnold_and_Kyle)/06%3A_Cash_and_Receivables/6.01%3A_OverviewReceivables result from the sale of goods and services on credit or through lendings, for which the amount has been fixed or known (determinable) at the time of the transaction. In contrast, the cash ...Receivables result from the sale of goods and services on credit or through lendings, for which the amount has been fixed or known (determinable) at the time of the transaction. In contrast, the cash value is not known in advance for non-financial assets such as inventories and fixed assets because their cash value will depend on future market conditions. Cash and receivables are also monetary assets because they represent a claim to cash where the amount is fixed by contract.
- https://biz.libretexts.org/Bookshelves/Accounting/Intermediate_Financial_Accounting_1__(Arnold_and_Kyle)/04%3A_Financial_Reports__Statement_of_Financial_Position_and_Statement_of_Cash_FlowsThis is a metric that measures how many days it takes for a company to pay it suppliers for its resale inventory purchases compared to how many days it takes to convert this inventory back into cash w...This is a metric that measures how many days it takes for a company to pay it suppliers for its resale inventory purchases compared to how many days it takes to convert this inventory back into cash when it is sold and the customer pays their account. For example, if it takes 45 days to pay the supplier for resale inventory and only 40 days to sell and receive the cash from the customer, this creates a negative CCC of 5 days of access to additional cash flows.
- https://biz.libretexts.org/Bookshelves/Accounting/Intermediate_Financial_Accounting_1__(Arnold_and_Kyle)/05%3A_RevenueManufacturers and suppliers understand that in a grocery store, the location of the product on the shelves can have a significant effect on the level of sales generated. Given that many of the complex...Manufacturers and suppliers understand that in a grocery store, the location of the product on the shelves can have a significant effect on the level of sales generated. Given that many of the complex issues surrounding revenue recognition are not always well understood by financial-statement readers, managers may sometimes give in to the temptation to "work" the numbers a little bit.
- https://biz.libretexts.org/Bookshelves/Accounting/Intermediate_Financial_Accounting_2_(Arnold_and_Kyle)/zz%3A_Back_Matter/10%3A_Index
