TEST BANK for Accounting Principles, Volume 2, 9th Canadian Edition by Jerry J. Weygandt, Donald E. Kieso and Paul D. Kimmel ISBN-13 978-1119786634 | All Chapter 9-18
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TEST BANK for Accounting Principles, Volume 2, 9th Canadian Edition by Jerry J. Weygandt, Donald E. Kieso and Paul D. Kimmel ISBN-13 978-1119786634 | All Chapter 9-18

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TEST BANK for Accounting Principles, Volume 2, 9th Canadian Edition by Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, and Lori Novak covers Chapters 9 through 18. This volume transitions students from basic bookkeeping into intermediate financial accounting applications, corporate structures, and statement analysis tailored to Canadian frameworks (ASPE and IFRS). [1, 2, 3, 4, 5]
The specific chapters and main topics included in Volume 2 are broken down below. [1, 2]
Chapter-by-Chapter Core Topics
  • Chapter 9: Long-Lived Assets
    • Acquisition, cost determination, and depreciation of Property, Plant, and Equipment (PPE)
    • Straight-line, diminishing-balance, and units-of-activity depreciation methods
    • Accounting for asset revaluations, impairments, and disposals
    • Intangible assets and goodwill recognition and amortization [1, 2, 3, 4, 5]
  • Chapter 10: Current Liabilities and Payroll
    • Accounting for known current liabilities (Accounts Payable, Notes Payable, Sales Taxes)
    • Unearned revenues and contingent liabilities
    • Canadian payroll accounting, including gross pay, statutory deductions (EI, CPP, Income Tax), and employer payroll costs [1, 2, 3, 4, 5]
  • Chapter 11: Financial Reporting Concepts
    • The conceptual framework for financial reporting in Canada
    • Qualitative characteristics of useful financial information
    • Detailed look at accounting principles (going concern, monetary unit, historical cost, full disclosure) [1, 2, 3, 4]
  • Chapter 12: Accounting for Partnerships
    • Characteristics, formation, and structural configuration of partnerships
    • Allocation of net profit or loss among partners based on ratios, capital balances, and salaries
    • Accounting treatments for the admission of new partners, withdrawal of existing partners, and full partnership liquidation [1, 2, 3]
  • Chapter 13: Introduction to Corporations
    • Characteristics and organization of a corporate business structure
    • Accounting for the issuance of common and preferred shares
    • Cash dividends, stock dividends, stock splits, and the statement of changes in equity [1, 2, 3, 4, 5]
  • Chapter 14: Corporations: Additional Topics and IFRS
    • Complex equity transactions and accounting for retained earnings restriction
    • Basic Earnings Per Share (EPS) calculations and reporting
    • Key presentation differences under International Financial Reporting Standards (IFRS) vs. Accounting Standards for Private Enterprises (ASPE) [1, 2, 3, 4, 5]
  • Chapter 15: Non-Current Liabilities
    • Accounting for bond issuances, including pricing, premiums, and discounts
    • Amortization of bond premiums/discounts using straight-line and effective-interest methods
    • Accounting for long-term notes payable, mortgage notes, and lease liabilities [1, 2, 3, 4, 5]
  • Chapter 16: Investments
    • Accounting for debt and equity investments under Canadian standards
    • Classification and measurement: Fair Value Through Profit or Loss (FVTPL), Fair Value Through Other Comprehensive Income (FVTOCI), and Amortized Cost
    • The Equity Method for strategic investments with significant influence [1, 2, 3, 4]
  • Chapter 17: The Cash Flow Statement
    • Purpose and structure of the statement of cash flows
    • Classifying transactions into Operating, Investing, and Financing activities
    • Preparing the statement using both the Indirect and Direct methods [1, 2, 3, 4, 5]
  • Chapter 18: Financial Statement Analysis
    • Horizontal (trend) analysis and vertical (common-size) analysis of financial statements
    • Ratio analysis frameworks evaluating liquidity, solvency, and profitability
    • Limitations of financial statement analysis frameworks [1, 2, 3, 4, 5]
Real-World & Analytical Application Focus
Throughout these chapters, this edition incorporates digital-era toolsets to mirror professional Canadian workspaces: [1]
  • Data Analytics Insights: Case-study sidebars focusing on how corporate data is evaluated to make financial decisions.
  • Analytics in Action: Dedicated end-of-chapter mathematical and analytical problems.
  • Excel Templates: Interactive application spreadsheets mapped to chapter tasks to reinforce technical spreadsheet skills. [1, 3, 4]

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Topics

Accounting for bond issuances including pricing premiums and discounts Accounting for debt and equity investments under Canadian standards Accounting for the issuance of common and preferred shares Basic Earnings Per Share (EPS) calculations and reporting Canadian payroll accounting Characteristics and organization of a corporate business structure Characteristics formation and structural configuration of partnerships Complex equity transactions and accounting for retained earnings restrictio conceptual framework for financial reporting in Canada Corporations: Additional Topics and IFRS current liabilities (Accounts Payable Notes Payable Sales Taxes) employer payroll costs Horizontal (trend) analysis and vertical (common-size) analysis of financial statements Long-Lived Assets Acquisition cost determination and depreciation of Property Purpose and structure of the statement of cash flows
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