232. Explain the accounting for marketable securities.
MARKETABLE SECURITIES
233. Explain the accounting for derivative instruments.
DERIVATIVE INSTRUMENTS
234. Explain the accounting for intercorporate investments in common stock.
INTERCORPORATE INVESTMENTS IN COMMON STOCK
235. Explain the accounting for redeemable preferred shares.
REDEEMABLE PREFERRED SHARES
236. Explain the accounting for employee stock options.
EMPLOYEE STOCK OPTIONS
237. Explain the accounting for the issuance of securities with warrants attached or that have conversion
privileges.
ISSUE OF SECURITIES WITH WARRANTS ATTACHED OR CONVERSION PRIVILEGES
238. Explain the accounting for treasury shares.
TREASURY SHARES
239. Describe the relationship between financial reporting standards and the financial reporting objectives,
qualitative characteristics of accounting information, and elements of financial statements that comprise the
FASB’s and the IASB’s conceptual frameworks.
FINANCIAL REPORTING STANDARDS
240. Describe the conceptual framework used by FASB and the IASB to guide their standard-setting decisions.
CONCEPTUAL FRAMEWORK
241. The FASB’s and IASB’S qualitative characteristics describe the attributes that enhance the usefulness of
financing reporting information. What are they?
QUALITATIVE CHARACTERISTICS OF FINANCIAL REPORTING INFORMATION
242. Explain the accounting for errors and changes in accounting principles and changes in accounting
estimates.
243. Both U.S. GAAP and IFRS require firms to report certain information about each of their operating
segments. What segment information and disclosures are required?
ANALYSIS OF SEGMENT DATA
244. Explain how U.S. GAAP and IFRS distinguish the accounting for (1) corrections of errors, (2) adjustments
for changes in accounting principles, and (3) adjustments for changes in accounting estimates.
ADJUSTMENTS FOR ERRORS AND ACCOUNTING CHANGES
245. Describe the calculation of earnings and book value per share.
EARNINGS AND BOOK VALUE PER SHARE
246. Discuss GAAP reporting of income transactions.
OVERVIEW OF GAAP REPORTING OF INCOME TRANSACTIONS
