BU387 Lecture Notes - Lecture 14: Deferral, Equity Method, Historical Cost
Document Summary
Firm"s name - it is a static statement. 7 cash/cash equivalents (presented at stated $ value) If cash is restricted for purposes other than current obligations, report in other assets section. 9 short-term investments (presented at cost/amortized cost or fv) Debt and equity securities are presented separately. 7 accounts receivable (at net realizable value: ar- allowance d. a) The amounts of expected uncollectibles, non-trade receivables, and accounts pledged or discounted should be disclosed. 8 inventory (at cost or the lower of cost or net realizable value) Cost: quantity: period-end counting unit cost formula: fifo, weighted average cost, etc. Market value: * replacement cost: supplier market. Must indicate: raw material work in progress finished goods. Debt securities (held to maturity): measured at amortized cost. Others (e. g. , sinking funds; tangible assets held as investments) Investments with no control or influence fv or cost. Durable physical property (e. g. land, buildings, furniture) and. Either amortized (e. g. , buildings; land improvements ) or depletable (e. g. , minerals)
