Browse Financial Accounting and Reporting (FAR)
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- 3.1 Comprehensive Review of the Balance Sheet (Statement of Financial Position)
- 3.2 Income Statement: Single-Step vs. Multi-Step Formats
- 3.3 Statement of Comprehensive Income (OCI Components and Presentation)
- 3.4 Statement of Changes in Equity (Share Capital, Retained Earnings, Other Equity Items)
- 3.5 Statement of Cash Flows (Operating, Investing, Financing; Indirect/Direct Methods)
- 3.6 Notes to the Financial Statements (Policies, Related Party Disclosures)
- 3.7 Illustrative Examples and Advanced Issues for For-Profit Entities
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- 4.1 Overview of Not-for-Profit Accounting and Governing Principles
- 4.2 Statement of Financial Position (Net Assets: With/Without Donor Restrictions)
- 4.3 Statement of Activities (Classification of Revenues, Expenses, Support)
- 4.4 Statement of Cash Flows (Direct vs. Indirect Methods)
- 4.5 Functional Expense Reporting (By Nature and Function)
- 4.6 Disclosures and Special Topics in Not-for-Profit Accounting
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- 5.1 Measurement Focus and Basis of Accounting (Current vs. Economic Resources)
- 5.2 Governmental, Proprietary, Fiduciary Funds (Types and Major vs. Nonmajor Funds)
- 5.3 Government-Wide vs. Fund-Level Statements and Required Reconciliations
- 5.4 Budgetary Accounting, Encumbrances, and Appropriations
- 5.5 MD&A Requirements, Required Supplementary Information (RSI)
- 5.6 Illustrative Examples (Basic Transactions and Sample Disclosures)
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- 6.1 SEC Regulatory Environment (Securities Exchange Act of 1934)
- 6.2 Interim Reporting and Required Disclosures
- 6.3 Annual Filings and Form 10-K/10-Q/8-K Requirements
- 6.4 Earnings per Share (Basic and Diluted Calculation)
- 6.5 Segment Reporting (Identifying Reportable Segments, Disclosure Requirements)
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- 26.1 Consolidated Financial Statements (Advanced Topics, Eliminations)
- 26.2 Business Combinations (Purchase Accounting, Goodwill, Noncontrolling Interests)
- 26.3 Foreign Currency Transactions, Translation, and Remeasurement (Overview)
- 26.4 Additional Advanced Topics: Pushdown Accounting Revisited, Quasi Reorganizations
- 26.5 Comprehensive Exercises Integrating Multiple FAR Topics
Chapter 12: Property, Plant, and Equipment
In this section
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Acquisition and Capitalization (Self-Constructed Assets)
Explore direct vs. indirect costs, interest capitalization, and the distinction between repairs and capital improvements for property, plant, and equipment assets.
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Depreciation Methods (SL, DDB, Sum-of-the-Years’-Digits), Depletion
A comprehensive guide exploring Straight-Line, Double-Declining Balance, and Sum-of-the-Years’-Digits depreciation methods, plus depletion for natural resources. Includes formulas, partial-year examples, practical illustrations, visual diagrams, and best practices.
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Subsequent Expenditures (Repairs, Betterments, Replacements)
Learn the key principles and best practices surrounding capitalizing or expensing subsequent expenditures on Property, Plant, and Equipment assets, including major repairs, betterments, and replacements.
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Impairment Testing and Asset Retirement Obligations
Detailed guidance on the two-step and one-step impairment test frameworks under U.S. GAAP, accompanied by an in-depth look at measuring and recording ARO liabilities.
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Assets Held for Sale and Disposal
Comprehensive guidance on the classification, measurement, and cessation of depreciation for long-lived assets held for sale or disposal under U.S. GAAP and IFRS.
