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1、FINANCIAL7"1~~"'l".'1~~1""I!\'f.",,,'"FinancialInstruments,Stockholders'EquityandCashFlows1.Financialinstruments,32.Stockholders'equity,143,Earningspershare"364.Statementofcashflows455.Ratioanalysis576.Appendix:IFRSvs.U.s.GAAP647.Task-basedsimulations658.Classquestions71Finan
2、cial7BeckerProfessionalEducationICPAExamReviewNOTESf7-2()2010DeVry{8eckerEducationalDevelopmentCorp.Allrigh~reserved.BeckerProfessionalEducationICPAExamReviewFinancial7FINANCIALINSTRUMENTS~~>I.TYPESOFFINANCIALINSTRUMENTSA.Cash,foreigncurrency,anddemanddeposits•B.Evidenceofanow
3、nershipinterestinanentity(e.g.,stockcertificate,partnershipinterests,orlimitedliabilitycompany(LLC)interests)C.Contracts(orseriesoflinkedcontracts),whichresultinanexchangeofcashorownershipinterestinanentityD.Derivatives(financialinstrumentswhosevalueorsettlementamountisderived
4、fromthevalueofanotherunitofmeasure)II.FAIRVALUEOPTIONOnspecifiedelectiondates,entitiesmaychoosetomeasureeligiblefinancialinstrumentsatfairvalue.Underthefairvalueoption,unrealizedgainsandlossesarereportedinearnings.Thefairvalueoptionisirrevocableandisappliedtoindividualfinancia
5、linstruments.A.EligibleFinancialInstrumentsEntitiesmayelectthefairvalueoptionforrecognizedfinancialassetsandfinancialliabilities.Forexample,anentitycanchoosetomeasureatfairvalueaninvestmentthatwouldotherwisebeclassifiedasavailable-for-sale,withunrealizedgainsandlossesrecordedi
6、nearningsratherthaninOCI.Oranentitycanchoosetomeasureatfairvalueaninvestmentthatwouldotherwisebeaccountedforusingtheequitymethod.FinancialinstrumentsnoteligibleforthefairvalueoptionincludeinvestmentsinsubsidiariesorVIEsthatanentityisrequiredtoconsolidate,pensionbenefitassetsor
7、liabilities,financialassetsorliabilitiesrecognizedunderleases,depositliabilitiesoffinancialinstitutions,andfinancialinstrumentsclassifiedasequity.B.ElectionDatesThefairvalueoptionmayonlybeappliedoncertaindates,includingthedatethatanentityfirstrecognizesaneligiblefinancialinstr
8、ument,thedatethataninvestmentbecomessubjecttoequitymethodacco
