xviii PREFACE • Revised Problem focusing on Microsoft’s zero coupon notes and the FASB codifi cation system. • Revised Real World Cases involving Hewlett-Packard’s zero coupon notes, Walmart’s stock option plan. • Added a Real World Case dealing with analyzing PetSmart’s fi nancial statements Chapter 15 LEASES • Revised illustration of leased asset disclosure by Kroger. • Added an illustration of Hewlett- Packard’s disclosure of using leases to sell products. • Added an illustration of Walmart’s disclosure of lease payments. • Revised an illustration of IBM’s disclosure of sales-type leases. • Revised an illustration of Walmart’s disclosure of lease payment commitments and capitalizing operating leases. • Revised Brief Exercise focusing on Sonic Corporation’s net investment in leases. • Added an Analysis Case designed to see the fi nancial statement effects of capitalizing PetSmart’s operating leases. • Revised a Walmart Real World Case involving lease concepts. • Added Trueblood Accounting Cases dealing with the lease classifi cation issues. • Extensively revised the Where We’re Headed Chapter Supplement on the proposed lease accounting standards update as well as all the related assignment materials. Chapter 16 ACCOUNTING FOR INCOME TAXES • Revised numerical illustrations to highlight relationships and provide T-accounts. • Added Shoe Carnival real-world example to show how to extract summary tax journal entry from disclosure notes and how to tie that entry to changes in deferred tax accounts. • Added Additional Consideration box for accounting for taxes on unrepatriated foreign earnings. • Added Additional Consideration providing a template for applying the balancesheet focus of tax accounting. • Revised assignment material with real-world cases involving Delta Air Lines, Ford Motor Company, Dominion Resources, Walmart, Kroger, and Macy’s. • Added Trueblood case involving valuation allowances against deferred tax assets. • Revised Air France–KLM IFRS case. Chapter 17 PENSIONS AND OTHER POSTRETIREMENT BENEFIT PLANS • Revised illustration of Microsoft’s 401K plan disclosure. • Added an illustration of General Mills’ disclosure of the components of pension expense. • Enhanced the example of amortizing prior service cost and net gains and losses. • Revised Problem focusing on Toys “R” Us’s pension plan. • Added a Real World Case involving PetSmart’s pension plan. Chapter 18 SHAREHOLDERS’ EQUITY • Replaced the introductory Financial Reporting Case to feature MasterCard’s share-based compensation plans. • Enhanced the discussion of stock splits and included Apple Inc.’s rare 7–for–1 stock split. • Added an illustration of Abercrombie & Fitch’s disclosure of shareholders’ equity. • Revised Brief Exercise focusing on Microsoft’s cash dividends. • Added an Exercise dealing with Ford Motor Company’s buyback of stock to offset stock grant issued to executives. • Revised Problem focusing on Cisco System’s reporting of shareholders’ equity. • Revised Research Case related to the FASB codifi cation system and Cisco System’s reporting of comprehensive income. Chapter 19 SHARE-BASED COMPENSATION AND EARNINGS PER SHARE • Added extensive discussion of accounting for restricted stock units (RSUs), now the most popular form of sharebased compensation. • Added an illustration of Apple Inc.’s disclosure of restricted stock units. • Revised illustration of restricted stock accounting to include restricted stock units. • Revised the section describing the declining popularity of stock options to emphasize the role of restricted stock units in that decline. • Revised the Additional Consideration box for the effect of the actual exercise of stock options in EPS calculations. • Added a discussion of including the effect of restricted stock units (RSUs) in EPS calculations. • Added an illustration of Foundation Healthcare Inc.’s EPS disclosure. • Added to Appendix B a discussion and illustration of accounting for restricted stock units (RSUs that are payable in cash and treated as a liability. • Added a brief exercise and three exercises (including one based on Facebook) dealing with accounting for restricted stock units. • Revised a Real World Case involving Walmart’s stock option plan. • Added a Trueblood Accounting Case dealing with the accounting treatment for different aspects of a share-based payment awards. • Added Real World Cases involving PetSmart’s restricted stock awards and employee stock purchase plan; Best Buy’s EPS and antidilutive securities; Kaman Corporation’s reporting of EPS and discontinued operations. • Revised an Analysis Case involving AIG’s earnings per share. • Added an Analysis Case involving PetSmart’s earnings per share. • Revised a Research Case involving Kellogg’s EPS, PE ratio, and dividend payout ratio.
Spiceland_Inter_Accounting8e_Changes
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