Book Name: Financial & Managerial Accounting 14th Edition
Author: Carl S. Warren, James M. Reeve, Jonathan Duchac
Publisher: Cengage Learning;
File size: 69 MB
File format: PDF
Financial & Managerial Accounting 14th Edition Pdf Book Description:
The accounting for leases is currently the focus of a joint project by the Financial Accounting Standards (FASB) and the International Accounting Standards Board (IASB) to merge U.S. and international standards.2 Under the proposed standard lessors and lessees would be required to record assets and liabilities related to certain long-term lease contracts. For purposes of this text, we assume that leases are short-term and not extending beyond one year. Thus, lease payments are recorded as rent by debiting Rent Expense and crediting Cash. The lease terms, such as a renewal option, may be disclosed in the notes to the financial statements. The asset rentals described in the earlier chapters of this text were accounted for in this manner. Fixed assets often represent a significant portion of a company’s total assets. The table that follows shows the fixed assets as a percent of total assets for some select companies across a variety of industries. As can be seen, the type of industry will impact the proportion of fixed assets to total assets. Retail has the highest percent of fixed assets to total assets, while social media and software are on the lower end of the scale. High-tech service companies often use fewer fixed assets to deliver their services than will companies that use stores, equipment, planes, cell towers, or theme parks.
This book was great. I am in a position to leave what queries or tasks open and discover what I need on the book. I’ll always return and mention that the book, but the company based system includes an expiration date.Gain that a fantastic foundation in the center accounting concepts as you produce a real appreciation for why accounting is important to business and a prosperous society with Warren Reeve Duchac’s FINANCIAL AND MANAGERIAL ACCOUNTING, 14E with CengageNOWv2. This latest variant clearly reveals how accounting is a lot more than just black and info and white rules. Instead, you see how accounting provides key data used to make crucial business decisions. The novel focuses on why accounting is important and constantly reinforces links into the significant image through the text together with CengageNOWv2 by linking journal entries to the accounting equation. Additionally you acquire significant instruction in making business decisions
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