《映射》课件北师大版1

Introductionto

AdvancedAccounting1.ClassificationofFinancialAccounting

Fundamentalaccounting:Basicproceduresandtechniquesofaccountingareintroduced.

Intermediateaccounting:Basictheoriesandmethodsoffinancialaccountingarediscussed.Advancedaccounting:Applicationoffinancialaccountingtheoriesandmethodsinspecificindustriesandtransactionsisdescribed.4/1/20241Introductionto

AdvancedAccou2.TopicsofAdvancedAccountingBusinesscombinationandCFSPartnershipandbranchaccountingIssuesinspecialreportingAccountingforforeignoperations

Governmentalandnonprofitorganizationaccountingothertopics3.ReferencesFloydA.Beams:AdvancedAccounting,10thed.2009Legalrequirements,accountingstandards(CAS,2006)andsystemsinPRC4/1/202422.TopicsofAdvancedAccounti

NewspapersandJournals

-JournalofAccountancy

-JournalofAccountingEducation

-会计研究

-财务与会计

4.Gradingpolicy

Yourgradeinthiscoursewillbedeterminedas

follows:

Classparticipationandtest10%

Assignments20%

Termexamination70%

Total100%4/1/20243NewspapersandJournals

-JChapter1

BusinessCombinationadditionalreadings:CASNo.201.Concepts,ReasonsandLegalFormofB.C.11.Concepts1)definitionsgeneralmeaning:theunionofbusinessentitiesFASBStatementNo.141:p.21oftextbook2)characteristicstheeconomicentityisformedonesinglemanagementteamcontrol4/1/20244Chapter1

BusinessCombinatio

3)classification

horizontalintegrationverticalintegrationconglomeration12.Reasons1)profitability2)operatingefficiencies3)diversificationofbusinessrisksbusinessexpansionthru.combinationorconstruction?costadvantagelowerriskfeweroperatingdelaysavoidanceoftakeoversintangibleassetsacquisitiontaxadvantages4/1/202453)classification3/31/20245

13.LegalformofB.C.1)merger

acquisitionofnetassetstheacquiringcompanycontinuestobeaSLE.theacquiredcompanyceasestoexistasaSLE,anditsbooksareclosed.theacquiringfirmrecordsseparateassetsandliabilitiesA+B=A2)consolidationanewfirmisformedtheacquiredfirmsnormallyceasetocontinueasSLEs.thenewfirmrecordstheseparateassetsandliabilitiesA+B=C4/1/2024613.LegalformofB.C.3/31/203)acquisition

majority(50%)equityinterestacquisitionthepositionofSLEofeachcompanyisunchangedtheacquiringcompanyrecordsan‘InvestmentinS’theacquiredcompanymaintainsitsbooksasbefore14.Typesofconsiderationsgivenup:cashnon-cashassetsdebtstock15.AntitrustLaw1)Proposedbusinesscombinationsarereviewedbyfederalagencies.

2)Stateagenciesreviewbusinesscombinationsforpossibleviolationsofstatestatutes.

4/1/202473)acquisition3/31/202472.BriefBackgroundonAccountingforB.C.

1)

muchofthecontroversyconcerningaccountingrequirementsforB.C.involvedthePoolingofinterests

method,whichbecamegenerallyacceptedin1950

2)APBOpinionNo.16(1970):12conditions

3)poolingofinterests

valuation:BV

goodwillmaynotbecreatedatthedateofcombination

theincomeofthecombiningcompaniesfortheentire

yearisincludedinthepooledentity

4)FASBStatementNo.141(2001):

thepoolingofinterestsmethodwaseliminatedforall

transactionsinitiatedafterJune30,2001.

4/1/202482.BriefBackgroundonAccountpriorcombinationsaccountedforbythepoolingofinterestsmethodwillbeallowedtocontinueasacceptablefinancialreportingpracticeforpastbusinesscombinations.5)principalreasonsforeliminatingthepoolingofinterestsmethodpoolingprovideslessrelevantinformationtousers

poolingignoreseconomicvalueexchangedinthetransactionandmakessubsequentperformanceevaluationimpossiblecomparingfirmsusingthealternativemethodsisdifficultforinvestors.6)IFRS3(2004):usetheacquisitionmethod4/1/20249priorcombinationsaccounted3.ApplicationoftheAcquisitionMethod1)theacquisitionmethodfollowsthecostprincipleforrecordingabusinesscombination

costismeasuredbythecashdisbursed,thefairvalueofpropertygivenup,orthefairvalueofsecuritiesissued.Thisisfairvaluerule.

goodwillmayberecognized.theincomeoftheacquiredcompanyisincludedonlyafterthedateofB.C.theretainedearningsoftheacquiredfirmisnotcarriedforwardtotheacquiringentity.4/1/2024103.ApplicationoftheAcquisit2)costsofB.C.

directcostsofregisteringandissuingsecuritiesarechargedagainstadditionalpaid-incapital.

otherdirectcostsandotherindirectcostsofcombiningareexpensed.

illustrations(p.23-24)3)costallocationproceduresdeterminethefairvaluesofallidentifiabletangibleandintangibleassetsacquiredandliabilitiesassumed.include:-identifiableintangiblesresultingfromlegalorcontractualrights,orseparablefromtheentity-researchanddevelopmentinprocess-contractualandsomenoncontractualcontingencies4/1/2024112)costsofB.C.3/31/202411

usefairvaluesdetermined,inpreferentialorder,by:

-establishedmarketprices

-presentvalueofestimatedfuturecashflows,discounted

basedonobservablemeasures

-otherinternallyderivedestimations

exceptionstofairvaluerule

-deferredtaxassetsandliabilities[FASBStatementNo.

109andFINNo.48]

-pensionsandotherbenefits[FASBStatementNo.158]

-operatingandcapitalleases[FASBStatementNo.13and

FIN.No.21]

-goodwillonthebooksoftheacquiredfirmisassigned

novalue.

4/1/202412usefairvaluesdetermined,i4)recognitionandmeasurementoftheacquiringfirm

first,fairvaluesareassignedtoallidentifiabletangibleandintangibleassetsacquiredandliabilitiesassumed.-alistofintangibleassetsthatmeetthecriteriaforrecognition.(P.26)-intangibleassetsmustmeeteitheraseparabilityoracontractual-legalcriterion.ifcostisgreaterthanfairvalueoftheidentifiablenetassetsacquired,theexcesscostisassignedtogoodwill.

iffairvalueisgreaterthancost,theexcessfairvalueis

recognizedasagainfrombargainpurchase

4/1/2024134)recognitionandmeasurement5)contingentconsiderationinapurchaseB.C.contingentconsiderationisanadditionalpaymentmadetothepreviousstockholdersoftheacquiredcompanycontingentonfutureeventsortransactions.thecontingentconsiderationmayincludethedistributionofcash,otherassets,ortheissuanceofdebtorequitysecurities.contingentconsiderationthatisdeterminableatthedateofacquisitionisrecordedaspartofthecombinationcost.

contingentconsiderationthatisnotdeterminableatthedateofacquisitionisrecordedwhenthecontingencyisresolvedandtheconsiderationisissuedorbecomesissuable.

4/1/2024145)contingentconsiderationin

acontingencyinvolvingfutureearningslevelsisrecognizedatfairmarketvalueasanadditionalcostoftheacquiredcompany.ifthecontingencyisbasedonsecurityprices,therecordedcostoftheacquiredcompanyshouldnotchange.Whenthecontingencyisresolved,thefairmarketvalueoftheadditionalconsiderationisappliedtoproportionatelyreducesecuritiesissuedandrecordedatthedateofacquisition.illustrationGandH4/1/202415acontingencyinvolvingfutu4.

TheGoodwillControversy

1)goodwillisdefinedastheexcessoftheinvestmentcostoverthefairvalueofassetsreceivedandisnolongeramortizedforfinancialreportingpurposes.

2)firmsmustperiodicallyassessgoodwillforimpairmentinitsvalue.Animpairmentoccurswhentherecordedvalueofgoodwillisgreaterthanitsfairvalue.

whenanimpairmentoccurs,firmsmustwritedown

goodwilltoanewestimatedamountandrecordalossin

calculatingnetincomeofaperiod.

thetreatmentofgoodwill

hasnotretroactivelychanged,

butfirmswillceaseamortizingallpreviouslyrecorded

goodwill.4/1/2024164.TheGoodwillControversy

1)goodwillandallotherintangiblesthathaveindefinite

usefulliveswillbeperiodicallyreviewedandadjusted

forvalueimpairment.

impairmentlossesongoodwillandallotherintangibles

willbeconsideredalossduetoachangeinaccounting

principlethefirsttimeitisrecognized.

3)thestandardalsoredefinesthereportingentityinaccountingforintangibleassets.

Firmswilltreatgoodwillandotherintangibleassetsasassetsofthebusinessreportingunit.

theseintangibleassetswillbereportedbasedontheir

fairvalueatacquisitiondate.4/1/202417goodwillandallotherintang4)internallydevelopedintangiblesthatarenotspecificallyidentifiable,haveindeterminatelives,orareinherentinacontinuingbusinessrelatedtotheentitywillnotberecognizedasanasset,butexpensed(thesametreatmentwillcontinueforacquiredresearchanddevelopmentcosts).5)recognizingandmeasuringimpairmentlossesrelatedtogoodwill,atwo-stepprocesssteponecomparesbookvaluestofairvaluesatthebusinessreportingunitlevel.Iffairvalueislessthanbookvalue,animpairmenthasoccurred.

steptwomeasurestheimpairment.Thelosscannotexceedthebookvalueofthegoodwill.Previouslyrecognized