中級會計

Content Changes by Chapter

Chapter 1: The Environment and Conceptual Frame­ work of Financial Reporting (previously Chapters 1-3)
• NEW discussion of the historical cost principle.
• NEW discussion on the fundamentals of revenue recognition.
• NEW Accounting Matters feature on ESG.
Chapter 2: Income Statement and Related Information (previously Chapter 4)
• NEW graphic highlighting the limitations of the income statement.
Chapter 3: Statement of Financial Position and State­ment of Cash Flows (previously Chapter 5)
• NEW illustration comparing the operating cycles of a merchandising company and a manufacturing company.
• NEW Accounting Matters feature on comparing Enron's net income to cash flow.
Chapter 4: Accounting and the Time Value of Money (previously Chapter 6)
• REFORMATTED time diagram problems for improved understanding and visualization.
Chapter 5: Cash and Receivables (previously Chapter 7)
• EXPANDED discussion of the transfers of receivables, including the sale of receivable with limited guarantee.
• NEW discussion of the derecognition of a part of a receivable and introducing the concept of servicing assets and liabilities.
• NEW illustration on the transfers of receivables.
Chapter 6: Inventories (previously Chapters 8 and 9)
• NEW Accounting Matters feature about (1) parking transactions and (2) how companies handle excess inventory situations.
Chapter 7: Acquisition and Disposition of Property, Plant, and Equipment (previously Chapter 10)
• NEW illustrations on expenditures over the life of a vehicle and how to account for them.
• NEW discussion and illustration of the investment property in Appendix 7A.
Chapter 8: Depreciation, Impairments, and Depletion (previously Chapter 11)
• NEW illustrations on physical and economic factors affecting depreciation.
• EXPANDED discussion of the impairment test is based on a cash-generating unit.
• REVISED discussion and illustration of revaluation accounting under a loss on revaluation.
Chapter 9: Intangible Assets (previously Chapter 12)
• NEW illustration on the intangible assets of marketing­ related, artistic-related, and contract-related.
Chapter 10: Liabilities, Provisions, and Contingencies (previously Chapters 13 and 14)
• REMOVED discussion of some typical current liabilities.
• NEW discussion and illustration of accounting for debt extinguishment when modification of terms is not substantial.
Chapter 11: Equity (previously Chapter 15)
• EXPANDED discussions on (1) callable preference shares and (2) redeemable preference shares.
Chapter 12: Dilutive Securities and Earnings per Share (previously Chapter 16)
• EXPANDED discussion of the vesting condition on the share compensation plans, including the market condition and non-market condition.
• REVISED illustration of the forfeiture of share compensation plan by the market condition and non-market condition, respectively.
Chapter 13: Investments (previously Chapter 17)
• REVISED accounting for sale of (1) debt investments measured at FVTOCI, (2) debt investments measured at FVTPL, (3) equity investments measured at FVTPL, and (4) equity investments measured at FVTOCI.
● NEW inclusion of three-stage expected credit loss model for impairment.
• REVISED illustration and discussion of impairment of debt investments measured at FVTOCI.
• EXPANDED illustration and discussion of transfers of debt securities between classification categories.
Chapter 14: Revenue Recognition (previously Chapter 18)
• NEW illustrations on steps in the revenue recognition process.
• NEW discussion and illustration for the revenue recognition of the customer options for additional goods or services.
● REVISED illustration of the accounting for long-term construction contracts under revenue recognition over time in Appendix 14A and the loss recognition on an un­profitable contract.
Chapter 15: Accounting for Income Taxes (previously Chapter 19)
● REVISED illustration of the computation of deferred income taxes.
Chapter 16: Accounting for Pensions and Postretirement Benefit (previously Chapter 20)
● EXPANDED discussion of how the limits amount of pen­sion asset that is recognized (the asset ceiling).
● EXPANDED discussion of the accounting for remeasure­ments, including the change in the effect of the asset ceiling.
• NEW illustration of how the change in the effect of the asset ceiling is recognized.
Chapter 17: Accounting for Leases (previously Chapter 21)
● NEW discussion of the separating components of a lease contract and revised discussion of the executory costs.
● REVISED discussion of the sale-leaseback accounting, including the asset's selling price does not equal the fair value, or the payments for the lease are not at market rates.
Chapter 18: Accounting Changes and Error Analysis (previously Chapter 22)
• REMOVED discussion and illustration of the long-term construction contracts in the changes in accounting policy.
● NEW illustration of the accounting for the inventory error.
Chapter 19: Statement of Cash (previously Chapter 23)
● NEW illustration and discussion of alternative indirect method to highlight the use of income before income tax as a start point when reporting cash flows from operating activities.
● NEW Accounting Matters feature on cash flow pressures during COVID-19.
Chapter 20: Presentation & Disclosure in Financial Reporting (previously Chapter 24)
● NEW discussion of climate-related disclosures.
• REVISED discussion of (1) related parties and subsequent events and (2) segmented information reported.
● NEW Accounting Matters feature on influence of social media on accounting disclosures.

● READABILITY We have spent considerable time enhancing the readability of the text. We have broken down the content into shorter, more digestible sections by adding sub­ headings, bullet points, and more illustrations and tables. We also have created a more conversational tone throughout the text, often talking directly to the student and thoroughly explaining the solutions for the in-text examples.
• REAL-WORLD EMPHASIS A proven way to help students mas­ter the subject is to explain the concepts of financial reporting using real companies whenever possible. Many of our examples use real­ world companies like adidas, Carrefour, Nestle Group, Puma, Siemens AG, and Marks and Spencer plc to illustrate the significant financial reporting issues. In addition, our Accounting Matters feature provides illustrations of how accounting is used in practice to provide information on the financial health of companies. Engag­ing discussions of contemporary issues related to the COVID-19 pandemic and impairments, and disclosure of environmental, social, and governance (ESG) issues are just a few of the many Accounting Matters topics high­ lighted in the text.
• LEARN BY DOING We have asked many students and instructors whether there is a secret for success in this course. A common response turns out to be not much of a secret-"Do the homework!" The more time students spend on the homework assign­ments in this text, the more likely they will learn the essential concepts. Therefore, in addition to the homework at the end of the chapter, we have provided in the text discussion opportunities for students to work on the concept at the point of learning. As a result, a student can read the concept, followed by an example of how this concept should be applied, followed by an opportunity to practice.
• CONTENT UPGRADES  The topical content of the chapters has following major changes.
1. We have merged Chapters 1, 2, and 3 from the previous edition into one chapter. This consolidation should be helpful to students as it provides in one chapter the framework for concepts used in subsequent chapters.
2. Chapters on similar topics are combined into one chapter. We have merged Chapters 8 and 9, from the previous edition, into Chapter 6, which now focuses on inventories. We have also merged Chapters 13 and 14, addressing liabilities from the previous edition, into a single chapter.
3. We now provide up-to-date IFRS principles related to investments in financial assets. We have made significant changes to the chapter on investments revising discussions and including illustrations of expected credit loss model and transfers of financial assets between classification categories.
4. We have expanded the discussion of some topics to provide a more comprehensive understanding. We have discussed different scenarios in depth, including transfers of accounts receivable, asset impairment of cash-generating units, the vesting condition on the share compensation plans, and the limited amount of pension assets.
5. We have added new discussions and illustrations on some topics. We have discussed the derecognition of a part of a receivable, the investment property accounting, and the revenue recognition of the customer options for additional goods or services.
6. We have revised some instructions to be more consistent with IFRS pnnc1ples. We have revised the content, including revaluation accounting, accounting for long­-term construction contracts, sale-leaseback accounting, and the preparation of the statement of cash flows.

Donald E. Kieso PhD, CPA - Northern Illinois University, Dekalb, Illinois, USA
Jerry J. Weygandt PhD, CPA - University of Wisconsin, Madison, Wisconsin, USA
Terry D. Warfield PhD - University of Wisconsin, Madison, Wisconsin, USA

With Contribution From
Nai-Hui Su PhD, CPA - Department of Accounting, National Chung Hsing University, Taiwan
Shu-Ling Chiang PhD, CPA - Department of Accounting Information, National Taipei University of Business, Taiwan

1 The Environment and Conceptual Framework for Financial Reporting
2 Income Statement and Related Information
3 Statement of Financial Position and Statement of Cash Flows
4 Accounting and the Time Value of Money
5 Cash and Receivables
6 Inventories
7 Acquisition and Disposition of Property, Plant, and Equipment
8 Depreciation, Impairments, and Depletion
9 Intangible Assets
10 Liabilities, Provisions, and Contingencies
11 Equity
12 Dilutive Securities and Earnings per Share
13 Investments
14 Revenue Recognition
15 Accounting for Income Taxes
16 Accounting for Pensions and Postretirement Benefits
17 Accounting for leases
18 Accounting Changes and Error Analysis
19 Statement of Cash Flows
20 Presentation and Disclosure in Financial Reporting
APPENDIX A Specimen Financial Statements: Marks and Spencer Group plc
APPENDIX B Specimen Financial Statements: Taiwan Semiconductor Manufacturing Company Limited and Subsidiaries
APPENDIX C Specimen Financial Statements: adidas AG
APPENDIX D Specimen Financial Statements: Nestle Group