List of Exhibits and Examples


List of Exhibits and Examples

Chapter 1: Introduction to International Accounting Standards

Exhibit 1: Hyderabad International Inc. Balance Sheet (under IAS) December 31, 2001
Exhibit 2: Hyderabad International Inc. Income Statement (under IAS) For the Year Ended December 31, 2001
Exhibit 3: Hyderabad International Inc. Restated Balance Sheet (per US GAAP) December 31, 2001 (in USD Millions)
Exhibit 4: Hyderabad International Inc. Restated Income Sheet (per US GAAP) Year Ended December 31, 2001 (in USD Millions)
Exhibit 5: Hyderabad International Inc. Reconciliation of Net Profit Determined under International Accounting Standards to Net Income in Accordance with US GAAP

Chapter 2: Balance Sheet

Examples of post-balance-sheet date events
Examples of loss contingencies

Chapter 3: Income Statement, Statement of Changes in Equity, and Statement of Recognized Gains and Losses

Example 1:
Example 2:
Example of schedule of cost of goods sold
Example of schedules of cost of goods manufactured and sold
Example of disclosure of discontinuing operations under IAS 35
Example of presentation of extraordinary item

Chapter 4: Cash Flow Statement

Basic example of a classified statement of cash flows
Basic example of the preparation of the cash flow statement under IAS 7 using a worksheet approach
Example of preparing a statement of cash flows

Chapter 5: Financial Instruments—Cash and Receivables

Example of percentage-of-sales method
Example of the aging method
Example of proper disclosure for pledged receivables
Examples of journal entries to be made by the borrower in a factoring situation
Example of value allocation using the suggested value allocation approaches
Examples of allocation between asset sold and asset or liability retained
Example
Examples of disclosures of credit risk
Example of disclosure of concentration of credit risk
Example

Chapter 6: Inventory

Example of the single goods (unit) LIFO approach
Example 1
Example 2
Example 3
Example of the double-extension LIFO method
Example of the link-chain method

Chapter 7: Revenue Recognition, Including Construction Contracts

Example of contract costs
Example of a back charge situation
Example of the percentage-of-completion method
Example of the percentage-of-completion (cost-to-cost) and completed-contract methods with profitable contract
Example of the percentage-of-completion and completed-contract methods with loss contract

Chapter 8: Property, Plant, and Equipment

Example
Example
Example of partial-year depreciation
Example of estimating the useful life
Example of depreciated replacement cost (sound value)
Example of revaluation and later downward adjustment
Example of accounting for impairment
Example of impairment recovery—Benchmark method
Example of impairment recovery—Allowed alternative method
Examples of accounting for asset disposition
Example of computing depletion costs
Example of reconciliation of asset carrying amounts
Example of an exchange involving dissimilar assets and no boot
Example of an exchange involving similar assets and boot
Example of accounting for a nonreciprocal transfer
Example of accounting for capitalized interest costs

Chapter 9: Intangible Assets

Example
Example of revaluation of intangible assets
Example of development cost capitalization
Example of accounting for revaluation of development cost

Chapter 10: Interests in Financial Instruments, Associates, Joint Ventures, and Investment Property

Example of accounting for investments in equity securities
Example of accounting for debt securities
Example of impairment of investments
Example 1
Example 2
Example of "plain vanilla" interest rate swap
Example of option on an interest rate swap
Example of using options to hedge a future purchase of inventory
Example of a simple case ignoring deferred taxes
Example of a simple case including deferred taxes
Example of a complex case ignoring deferred taxes
Example of a complex case including deferred taxes
Example of accounting for separately reportable items
Example of accounting for intercompany transactions
Example of eliminating intercompany profit on fixed assets
Example of accounting for a discontinuance of the equity method
Example of accounting for a return to the equity method of accounting
Example of accounting for an investee capital transaction

Chapter 11: Business Combinations and Consolidated Financial Statements

Basic example of uniting of interests
Detailed example of uniting of interests using pooling method
Exhibit I: Ahmadi Corporation Condensed Balance Sheet December 31, 2003
Exhibit II: Belfast Corporation Condensed Balance Sheet December 31, 2003
Exhibit III: Cairo Company, Inc. Condensed Balance Sheet December 31, 2003
Exhibit IV: Delhi Corporation Condensed Balance Sheet December 31, 2003
Exhibit V: Eyre, Inc. Condensed Balance Sheet December 31, 2003
Example of accounting for a purchase
Example of consolidation workpaper (date of acquisition, 100% ownership)
Example of consolidation process involving a minority interest Assume the following:
Example of consolidation for uniting involving minority interest
Example of a consolidation with a change in the majority interest
Example of a combined financial statement

Chapter 12: Current Liabilities, Provisions, Contingencies, and Events after the Balance Sheet Date

Example footnote: illustrating disclosures required under IAS 37 with respect to provisions
Example of illustrative footnotes—contingent liabilities
Example of illustrative footnotes—gain contingency/contingent asset

Chapter 13: Financial Instruments—Long-Term Debt

Example of accounting for a note issued for both cash and a contractual right
Example of accounting for a note exchanged for property
Example of applying the effective interest method
Example of accounting for debt exchange or restructuring with gain recognition
Example of accounting for debt exchange or restructuring with gain deferral
Example of accounting for the extinguishment of debt
Example of the residual allocation method
Example of the relative market value approach
Example of debt conversion expense
Example of accounting for a bond with a detachable warrant

Chapter 14: Leases

Example of accounting for a finance lease—Asset returned to lessor
Example of accounting for a finance lease—Asset ownership transferred to lessee and fair market value of leased asset lower than present value of minimum lease payments
Example of accounting for a sales-type lease
Example of accounting for a direct financing lease
Example of accounting for a sale-leaseback transaction
Example of accounting for land and building lease containing transfer of title
Example of accounting for land and building lease without transfer of title or bargain purchase option
Example of simplified leveraged lease

Chapter 15: Income Taxes

Simplified example of interperiod allocation using the liability method
Basic example of the computation of deferred tax liability and asset
Example of the impact of a qualifying tax strategy
Example of the computation of a deferred tax asset with a change in rates
Example of intraperiod allocation using the with-and-without approach
Examples of informative disclosures about income tax expense
Basic example of interim period accounting for income taxes
Example of carryforward from prior years
Example 1
Example 2
Example 1
Example 2
Example

Chapter 16: Employee Benefits

Example of accrued and projected benefit methods
Example of service cost attribution
Example of compensated absences

Chapter 17: Stockholders' Equity

Example of payment of dividends
Example of accounting for treasury stock
Example of accounting for ESOP transactions

Chapter 18: Earnings Per Share

Example of EPS computation-Simple capital structure
Example of the if-converted method

Chapter 20: Segment Reporting

Comprehensive example of segment reporting

Chapter 21: Accounting Changes and Correction of Errors

Example of benchmark and alternative treatments of changes in accounting policy under IAS 8
Example of accounting for fundamental errors under IAS 8

Chapter 22: Foreign Currency

Example
Example
Comprehensive example of the practical application of the current rate method
Example of capitalization of exchange differences

Chapter 24: Specialized Industries

Example of bank financial reporting
Example
Example of cash flow statement for banks
Example of disclosure of contingencies and commitments
Example of disclosure of maturities of assets and liabilities
Example of disclosure of concentration of assets, liabilities, and off-balance-sheet items
Example of disclosure of loans and advances
Example of disclosure of interest in suspense
Example of related-party disclosures

Chapter 25: Inflation and Hyperinflation

Example
Example 1
Example 2
Example 3
Example of disclosure consistent with IAS 15