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Acknowledgements
About This Book
12.0 Current Liabilities
12.1 Definition
12.2 Classification
12.3 Current Financial Liabilities
12.4 Current Non-Financial Liabilities
12.5 Provisions and Contingencies
12.6 Commitments and Guarantees
12.7 Presentation and Disclosure
12.8 Analysis
12.9 IFRS/ASPE Key Differences
12.10 Chapter Summary
12.11 Exercises
13.0 Long-Term Financial Liabilities
13.1 Long-Term Financial Liabilities: Overview
13.2 Notes Payable
13.3 Bonds Payable
13.4 Fair Value Option, Defeasance, and Off-Balance Sheet Financing
13.5 Disclosures of Long-Term Debt
13.6 Long-Term Debt Analysis
13.7 IFRS/ASPE Key Differences
13.8 Chapter Summary
13.9 Exercises
14.0 Complex Financial Instruments
14.1 Complex Financial Instruments: Overview
14.2 Long-Term Debt and Equity Instruments: A Review
14.3 Complex Financial Instruments
14.4 Options, Warrants, Forwards, and Futures
14.5 Stock Compensation Plans
14.6 Analysis
14.7 IFRS/ASPE Key Differences
14.8 Chapter Summary
14.9 Exercises
15.0 Income Tax
15.1 Current Income Taxes Payable
15.2 Differences Between Accounting and Taxable Profit
15.3 Deferred Tax: Effect of Temporary Differences
15.4 Tax Rate Changes
15.5 Unused Tax Losses and Tax Credits
15.6 Deferred Tax Assets
15.7 Presentation and Disclosure
15.8 IFRS/ASPE Key Differences
15.9 Appendix A: Accounting for Income Taxes under ASPE
15.10 Chapter Summary
15.11 Exercises
16.0 Pensions and Other Employment Benefits
16.1 Definition
16.2 Types of Pension Plans
16.3 Defined Contribution Plans
16.4 Defined Benefit Plans
16.5 Other Post-Employment Benefits
16.6 Other Employment Benefits
16.7 Presentation and Disclosure
16.8 IFRS/ASPE Key Differences
16.9 Appendix A: Accounting for Post-Employment Benefits Under ASPE
16.10 Chapter Summary
16.11 Exercises
17.0 Leases
17.1 Leases: Overview
17.2 Classification Criteria for Capitalization
17.3 Accounting Treatment For Leases, Two Accounting Standards
17.4 Sales and Leaseback Transactions
17.5 Leasing: Disclosures
17.6 IFRS/ASPE Key Differences
17.7 Chapter Summary
17.8 Exercises
18.0 Shareholders’ Equity
18.1 What is Equity?
18.2 Issuing Shares
18.3 Reacquiring Shares
18.4 Dividends
18.5 Presentation and Disclosure
18.6 IFRS/ASPE Key Differences
18.7 Chapter Summary
18.8 Exercises
19.0 Earnings per Share
19.1 Earnings per Share: Overview
19.2 Basic and Diluted Earnings per Share: A Review
19.3 Other Issues
19.4 Comprehensive Illustration
19.5 Earnings per Share Analysis
19.6 IFRS/ASPE Key Differences
19.7 Chapter Summary
19.8 Exercises
20.0 Statement of Cash Flows
20.1 Financial Reports: Overview
20.2 Statement of Cash Flows: Indirect Method Review
20.3 Statement of Cash Flows: Direct Method
20.4 Interpreting the Results
20.5 Disclosures
20.6 Analysis
20.7 Comprehensive Example: Both Methods
20.8 Specific Items
20.9 IFRS/ASPE Key Differences
20.10 Chapter Summary
20.11 Exercises
21.0 Changes and Errors
21.1 IAS 8
21.2 Changes in Accounting Policies
21.3 Changes in Accounting Estimates
21.4 Correction of Errors
21.5 Presentation and Disclosure
21.6 Examples
21.7 IFRS/ASPE Key Differences
21.8 Chapter Summary
21.9 Exercise
22.0 Putting It All Together: Disclosures and Analysis Overview
22.1 Disclosures and Analysis: Overview
22.2 Disclosure Issues
22.3 Auditor’s Reports
22.4 Financial Statement Reporting and Analysis
22.5 IFRS/ASPE Key Differences
22.6 Chapter Summary
22.7 Exercises
Chapter 12
Chapter 13
Chapter 14
Chapter 15
Chapter 16
Chapter 17
Chapter 18
Chapter 19
Chapter 20
Chapter 21
Chapter 22
Versioning History
Earlier, we identified differences in the reporting items between ASPE and IFRS. For a review, please refer to sections 20.2 and 20.5 of this chapter.
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Intermediate Financial Accounting 2 Copyright © 2022 by Michael Van Roestel is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License, except where otherwise noted.