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International Financial Statement Analysis
book

International Financial Statement Analysis

by CFA Thomas R. Robinson, CFA Hennie van Greuning, CFA Elaine Henry, CFA Michael A. Broihahn
November 2008
Intermediate to advanced content levelIntermediate to advanced
859 pages
25h 22m
English
Wiley
Content preview from International Financial Statement Analysis
CHAPTER 11
LONG-LIVED ASSETS
Elaine Henry, CFA University of Miami Coral Gables, Florida
 
Elizabeth A. Gordon Temple University Philadelphia, Pennsylvania

LEARNING OUTCOMES

After completing this chapter, you will be able to do the following:
• Explain the accounting standards related to the capitalization of expenditures as part of long-lived assets, including interest costs.
• Compute and describe the effects of capitalizing versus expensing on net income, shareholders’ equity, cash flow from operations, and financial ratios including the effect on the interest coverage ratio of capitalizing interest costs.
• Explain the circumstances in which software development costs and research and development costs are capitalized.
• Identify the different depreciation methods for long-lived tangible assets and discuss how the choice of method, useful lives, and salvage values affect a company’s financial statements, ratios, and taxes.
• Discuss the use of fixed asset disclosures to compare companies’ average age of depreciable assets, and calculate, using such disclosures, the average age and average depreciable life of fixed assets.
• Describe amortization of intangible assets with finite useful lives, and the estimates that affect the amortization calculations.
• Discuss the liability for closure, removal, and environmental effects of long-lived operating assets, and discuss the financial statement impact and ratio effects of that liability.
• Discuss the impact of sales or exchanges of long-lived ...
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Publisher Resources

ISBN: 9780470460122Purchase book