Articles Related to Chapter Topics

Section One: The Role of Accounting as an Information System
Section Two: Economic Resources
Section Three: Financial Instruments
Section Four: Additional Financial Reporting Issues

Section One: The Role of Accounting as an Information System

• Chapter1: Read about the perceptions of chief financial officers concerning the FASB in a CPA Journal article.
• Chapter1: Art Wyatt discusses the future of private-sector standard-setting.
• Chapter1: A CPA Journal article examines the role of international accounting standards.
• Chapter 1: Two CPA Journal articles discuss the AICPA's and SEC's views on International Standards Setting Reform.
• Chapter 3: Here is an excerpt from a Wall Street Journal article discussing how Coca-Cola Coca Cola manages its earnings.
• Chapter 3: This CPA Journal article offers guidance on accounting for corporate restructuring according to EITF 94-3.
• Chapter 3: Arthur Levitt, chairman of the SEC, attacks earnings management practices in this CPA Journal article.
• Chapter 3: The new requirement for reporting comprehensive income is summarized in this CPA Journal article.
• Chapter 3: Avoiding the implementation costs of SFAS No. 130 (comprehensive income standard) is the subject of this CPA Journal article.
• Chapter 4: Here is an interesting article concerning revenue recognition and the Bausch and Lomb case.
• Chapter 4: A Fortune magazine article analyzes the recent increases in average return on equity using the DuPont model.
• Chapter 5: A CPA Journal article discusses the growing use of corporate websites to report financial statements and the potential of the Internet to change the way decision makers can use this readily available information.
• Chapter 5: This comment letter to the CPA Journal addresses differences between the old and the new segment reporting requirements.
• Chapter 5: This CPA Journal article discusses the new segment reporting requirements of SFAS 131
• Chapter 5 and Chapter 10: Many valuable intangible assets are not even listed on company balance sheets causing shareholders' equity to get further away from market value. An article in Forbes calls for new accounting standards for capitalizing intangibles.

Section Two: Economic Resources

• Chapter 7: Here is an excerpt from a Wall Street Journal article questioning Boston Chicken's lack of an allowance for loan losses.
• Chapter 7: A CPA Journal article discusses accounting for transfers of financial assets under SFAS No. 125.
• Chapter 8: Here is an excerpt from an article entitled "Gas Pump Economics" in Fortune that discusses why gas prices rise so quickly when there is turmoil in the Mideast. Could it be because of the inventory costing method used by oil companies?
• Chapter 8: This Fortune magazine article discusses inventory management at Dell Computer.
• Chapter 10: Here is a CPA Journal article concerned with accounting for the costs of computer software developed or obtained for internal use, SOP 98-1.
• Chapter 10: Here is an excerpt from an article in The Wall Street Journal that describes an accounting strategy that lets many companies avoid goodwill in business acquisitions by writing off in-process research and development.
• Chapter 10: This article in Forbes describes how SEC scrutiny of Network Associates in-process R;amp;D write-offs caused problems for the company' stock.
• Chapter 10: The SEC's scrutiny of in-process research and development write-offs is addressed in this CPA Journal article.
• Chapter 11: Accounting for the impairment of long-lived assets, SFAS No. 121, is discussed in this CPA Journal article.
• Chapter 11: Implementing SFAS No. 121 for the impairment of real estate is the subject of this CPA Journal article.

Section Three: Financial Instruments

• Chapter 12: Lawrence A. Ponemon and K. Raghunandan discuss accounting for investments in debt and equity securities.
• Chapter 12: Accounting for impaired loans under SFAS 114 is described in this CPA Journal article.
• Chapter 13: Here's an example of a loss contigency from an Aug. 19 Dow Jones Business News article.
• Chapter 13: The FASB's proposed rules for accounting for derivatives is briefly described in "Proposed FASB Derivatives Rules Face Tough Fight'" a Dow Jones Business News article.
• Chapter 14: Here's an example of a early extinguishment of debt.
• Chapter 14: Another example of a early extinguishment of debt.
• Chapter 14: Sometimes convertible debt is called for redemption to "force" conversion and thus the issuance of shares. Here is an example from the WALL STREET JOURNAL.
• Chapter 15: Sometimes lease agreements include restrictive covenants.
• Chapter 16: Gary R. Freeman discusses accounting for income taxes in this CPA Journal article.
• Chapter 16: A discussion of the determination of a valuation allowance for deferred tax assets in the CPA Journal.
• Chapter 17: An article in a recent Money Magazine article provides a nice basic description of types of pension plans and the direction these plans are taking.
• Chapter 17-18: A CPA Journal article looks at accounting similarities and differences between pensions and other postretirement benefits.
• Chapter 17-18: New disclosure requirements for pensions and other postretirement benefits are described in this article.
• Chapter 18: The application of SFAS 123 on stock options to non-employees is discussed in this CPA Journal article.
• Chapter 18: Should companies grant incentive stock options, instead of nonqualified stock options, now that the maximum tax rate on long-term capital gains has been reduced? The question is explored in this article.
• Chapter 18: Doug Carmichael explores a number of practical issues that should be considered before a company enters into stock-based compensation transactions.
• Chapter 18: Accounting for other postretirement benefits described with a CPA's perspective.
• Chapter 18: A July feature article in Business Week offers an extensive discussion of stock options and their valuation from the point of view of the recipient.
• Chapter 18: Wanda A. Wallace discusses the use of the option pricing model in accounting for stock options.
• Chapter 18: Accounting for stock-based compensation is described in this CPA Journal article.
• Chapter 19: Here's an example of a stock buyback by Harrah's from a Commercial Appeal article.
• Chapter 19: Here's an example of a common stock issue by Digital Equipment Corp. from an Aug. 28 WALL STREET JOURNAL article.
• Chapter 19: Stock splits often are distributed to make shares more attractive to investors. Columbia/HCA Healthcare Corp. describes theirs here.

Section Four: Additional Financial Reporting Issues

• Chapter 20: The FASB Standard on EPS determination is briefly summarized in this CPA Journal article.
• Chapter 22: Accountants are advised to analyze carefully any unusual items on the statement of income also reported on the statement of cash flows.