Chapter 1 1-1 The Financial Reporting Environment 1-1 Practice Questions 1-13 Chapter 2 2-1 Summary of Recent Accounting Standards Updates 2-1 Part 1: Guidance Effective in 2016 2-2 Part 2: Guidance Effective in 2017 and Beyond 2-20 Part 3: Guidance Relating to the Private Company Council 2-50 Chapter 3 3-1 Accounting Guidance on the Horizon 3-1 FASB Framework Projects 3-2 FASB Recognition and Measurement Projects 3-3 FASB Presentation and Disclosure Projects 3-8 Practice Question 3-12 Chapter 4 4-1 Recognizing Revenue Under the New Standard: Core Principles and Resources 4-1 Practice Questions 4-14 Chapter 5 5-1 The New Leasing Model 5-1 Evolution of the New Leasing Standard 5-2 Determining Whether an Arrangement Contains a Lease 5-6 Organization of the New Lease Accounting Standards 5-16 Chapter 6 6-1 Fair Value Accounting 6-1 Chapter 7 7-1 Inventory 7-1 Practice Question 7-7 Solutions to Practice Question 7-8 Chapter 8 8-1 Intangible Assets, Goodwill, and Asset Impairment and Disposal Issues 8-1 Chapter 9 9-1 Property, Plant, and Equipment Including Capitalized Interest and Nonmonetary Transactions 9-1 Practice Question 9-11 Solutions to Practice Question 9-12 Chapter 10 10-1 Accounting for Debt 10-1 Chapter 11 11-1 Accounting for Income Taxes 11-1 Measuring Deferred Tax Assets and Liabilities 11-6 Intraperiod Tax Allocation 11-10 Disclosure Requirements 11-13 Chapter 12 12-1 Financial Statement Presentation and Notes Disclosures 12-1 Chapter 13 13-1 The Financial Statements 13-1 Glossary Glossary 1 Index Index 1 Solutions Solutions 1 Chapter 1 Solutions 1 Chapter 2 Solutions 2 Chapter 3 Solutions 4 Chapter 4 Solutions 5 Chapter 5 Solutions 6 Chapter 6 Solutions 7 Chapter 7 Solutions 8 Chapter 8 Solutions 10 Chapter 9 Solutions 11 Chapter 10 Solutions 12 Chapter 11 Solutions 13 Chapter 12 Solutions 14 Chapter 13 Solutions 16.