Index
| Author | Vern Krishna |
| Pages | 271-292 |
Index 271
Index
Accountants
lawsuits and, –
liability to third persons, foreseeability,
–
potential liability, –
Accounting. See also Accrual accounting
accountant-client privilege,
accrual basis, –, –
income tax, –
revenue recognition, –
tax deferral,
adjustments, –
special year-end entries, ,
allocations
life of agreements,
reporting periods, –
business and, –
business cycles and, –
Canadian standards and IFRS,
cash basis, –
disadvantages,
revenue recognition,
cash method, income tax and, –
cash, employment income,
completed contract method, ,
criminal lawyers and fraudulent com-
mercial transactions, –
depreciation and conservatism,
distinct roles of, –
document length and control,
doubtful debts allowance,
estimates, use of,
evolution of, –
expectations and,
fair value,
nance, intersection with,
fraud and revenue-expense mismatch,
GAAP sources, . See also GAAP
generally accepted principles,
historical cost, ,
hybrid methods,
identication, ,
income measurement
accrual vs. cash, –
income statement-balance sheet equa-
tion,
income tax law, statutory deviations,
instalment method,
intangible assets, –
introduction, –
jargon, –
lawyers and, –
liability of accountants/auditors,
–
liquid capital,
malpractice litigation, general prin-
ciples, –
management’s selection of generally
accepted principles, –
matching principle, and accrual, ,
–
272 Understanding Financial Statements
methods. See Accounting methods,
income taxes
misconceptions, –
modied accrual, ,
monetary measurement, –
perspective change, –
policies
and nancial instruments,
Notes to Financial Statements and,
–
professional standards bodies,
purchased goodwill,
replacement cost vs. market value,
revenue realization, –
sources, hierarchy,
statements, –
Statements of Financial Accounting
Standards (SFAS),
stock options, as expenses,
straddling year-end adjustments, –
tax and commercial, incongruence,
–
three Cs of, –
three elements of,
working capital,
Accounting methods, income taxes,
–
accrual, –
conformity, –
GAAP, use of, –
income, “truer picture,” –
Accounts, rendering delay,
Accounts payable, , –
Accounts receivable, , –,
aging,
allowance for doubtful accounts, ,
,
assigned vs. unassigned,
conservatism and, –
income tax and timing,
loan collateral, as,
uncollectables, –
methods for estimating,
Accounts receivable turnover,
Accrual accounting
allowance for doubtful accounts,
legal entitlement and,
modied for professionals’ taxation,
payments in advance, tax and, –
prot and,
Accrual concept, –
Accrued bond interest,
Accrued liabilities,
Accumulated decit,
Acquisition costs,
Advance payments, –
Aggressive accounting,
Agreements, draing of, –. See also
Business contracts
balance sheet and,
bottom-line and,
common legal agreements,
dening accounting terms in, –
full and proper disclosure,
IFRS vs. GAAP, cross border agree-
ments,
income statements, –
types of agreements, –
length of document, control and,
life of (term),
majority vs. minority, and revenue/net
income, –
majority-interest owner and life of,
mutuality principle, –
percentage points,
precedents, use of,
revenue vs. net income, –
right of rst refusal, mutuality of par-
ties, –
royalties,
terminology, –
top-line approach, –
Allowance for doubtful accounts, ,
Allowances, –
American Financial Accounting Standards
Board (FASB),
American Institute of Certied Public Ac-
countants (AICPA),
Amortization
eective interest method, –
intangible assets,
straight line method,
Anaconda case (PC), –
criticism of,
Annual depreciation charge, , ,
adjustment for use,
Annual reporting, –
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