Issues in Financial Accounting addresses the controversial issues in financial accounting that have been debated by the preparers, users, auditors and regulators of financial statements. Henderson provides the best balance of technical and theoretical coverage in any Financial Accounting text on the market today, with its presentation of real-world examples, current debates and the underlying rationale for the accounting concepts demonstrated. Throughout the text, academic studies and professional accounting research are referenced to also provide a critical understanding of historical debates in financial accounting. The new 15th edition covers significant recent developments to the accounting standards in Australia and is based on the AASB standards and interpretations that have been issued up to the end of 2012. This includes the Australian Accounting Standard Board's (AASB) program of changes to make accounting standards equivalent to International Financial Reporting Standards.... substantially all the risks and rewards of ownership are transferred to the lessee, who is the previous owner a there is an implication ... Southern sells an aircraft with a net book value of $75 000 to Federal for $80 000 and immediately leases it back for 10 years at an ... Dr $80 000 Aircraft Cr $75 000 Deferred gain on sale Cr 5 000 Aircraft under lease Dr 80 000 Lease liability Cr 80 000 In subsequentanbsp;...
|Title||:||Issues in Financial Accounting|
|Author||:||Scott Henderson, Graham Peirson, Kathy Herbohn, Tracy Artiach, Bryan Howieson|
|Publisher||:||Pearson Higher Education AU - 2013-09-30|