2026 IFRS Tax Accountant Financial Accounting Practice
 |
Description
Book Introduction
It has already been 16 years since the first IFRS Financial Accounting Practice was published in August 2009.
In this 17th edition, we have utilized the know-how of previous editions to more faithfully organize the problems and explanations.
This book features:
1.
Perfect reflection of Korean adoption of International Financial Reporting Standards
All international accounting standards, interpretations, and practical application guidelines published to date have been reflected.
Even parts that are considered minor for the purpose of the exam have not been omitted for explanation, and have been made so that they can be approached as problems, even if simply.
2.
Basic problems, applied problems, and theoretical problems
Unlike existing financial accounting practice textbooks, comprehensive problems are divided into basic problems and applied problems according to the level of difficulty.
The basic problems are composed of comprehensive problems that ask about basic concepts for test takers preparing for the first round, and the applied problems are composed of comprehensive problems with a high level of difficulty that test takers preparing for the second round must solve.
In particular, even parts that are considered minor for exam purposes can be understood through easy practice problems.
3.
Commentary linked to sentences in the standard
We believe that financial accounting practice textbooks should be faithful to 'practice', so we boldly omitted summaries of theories that could be supplemented in basic financial accounting textbooks, and instead included thorough explanations of the answers to each problem.
A notable trend in recent financial accounting exams is the inclusion of calculation-based and theoretical questions using the text of the standards.
In particular, starting with the 2015 second CPA exam, case-based questions different from the existing types have been presented.
Therefore, the author has included the sentences from the standard book that are related to the explanation of the problem so that readers can learn by linking them to the sentences in the standard book.
Through this, we believe that readers will be able to gain an objective perspective on interpreting the Korean International Financial Reporting Standards as accounting professionals.
In addition, I am confident that the ability to solve problems based on the Korean International Financial Reporting Standards (K-IFRS) will be developed for new types of case-based problems.
4.
The process of solving a consistent logic
From Chapter 1 to Chapter 23, the problem-solving process can be continued with the same logic.
This prevents confusion that can arise from various approaches and allows readers to improve their skills in a short period of time.
I received help from many people before publishing this textbook.
I would like to express my gratitude to Sam & Books Publishing CEO Lee Nak-gyu and the other editorial staff for their hard work in editing and designing this book to make it a visually appealing book, and for their unwavering support in every way.
Above all, I would like to thank all the students of the Namu Management Academy and the KDianS members who have continued to follow me, believing in the three letters of the name 'Kim Ki-dong'.
I know full well that without you all, this book and I would be meaningless.
I bow my head and thank you sincerely.
September 2025
Certified Public Accountant Kim Ki-dong
In this 17th edition, we have utilized the know-how of previous editions to more faithfully organize the problems and explanations.
This book features:
1.
Perfect reflection of Korean adoption of International Financial Reporting Standards
All international accounting standards, interpretations, and practical application guidelines published to date have been reflected.
Even parts that are considered minor for the purpose of the exam have not been omitted for explanation, and have been made so that they can be approached as problems, even if simply.
2.
Basic problems, applied problems, and theoretical problems
Unlike existing financial accounting practice textbooks, comprehensive problems are divided into basic problems and applied problems according to the level of difficulty.
The basic problems are composed of comprehensive problems that ask about basic concepts for test takers preparing for the first round, and the applied problems are composed of comprehensive problems with a high level of difficulty that test takers preparing for the second round must solve.
In particular, even parts that are considered minor for exam purposes can be understood through easy practice problems.
3.
Commentary linked to sentences in the standard
We believe that financial accounting practice textbooks should be faithful to 'practice', so we boldly omitted summaries of theories that could be supplemented in basic financial accounting textbooks, and instead included thorough explanations of the answers to each problem.
A notable trend in recent financial accounting exams is the inclusion of calculation-based and theoretical questions using the text of the standards.
In particular, starting with the 2015 second CPA exam, case-based questions different from the existing types have been presented.
Therefore, the author has included the sentences from the standard book that are related to the explanation of the problem so that readers can learn by linking them to the sentences in the standard book.
Through this, we believe that readers will be able to gain an objective perspective on interpreting the Korean International Financial Reporting Standards as accounting professionals.
In addition, I am confident that the ability to solve problems based on the Korean International Financial Reporting Standards (K-IFRS) will be developed for new types of case-based problems.
4.
The process of solving a consistent logic
From Chapter 1 to Chapter 23, the problem-solving process can be continued with the same logic.
This prevents confusion that can arise from various approaches and allows readers to improve their skills in a short period of time.
I received help from many people before publishing this textbook.
I would like to express my gratitude to Sam & Books Publishing CEO Lee Nak-gyu and the other editorial staff for their hard work in editing and designing this book to make it a visually appealing book, and for their unwavering support in every way.
Above all, I would like to thank all the students of the Namu Management Academy and the KDianS members who have continued to follow me, believing in the three letters of the name 'Kim Ki-dong'.
I know full well that without you all, this book and I would be meaningless.
I bow my head and thank you sincerely.
September 2025
Certified Public Accountant Kim Ki-dong
index
Chapter 1 Conceptual Framework for Financial Reporting
Basic Problems ·························································· 1-3
01 Definition of Accounting ························································· 1-4
02 Generally Accepted Accounting Principles and Korean International Financial Reporting Standards ························ 1-7
03 General Purpose Financial Statements in Accordance with Korean International Financial Reporting Standards ············ 1-10
Chapter 2 Cash and Receivables
Basic Problems ·························································· 2-3
01 Cash and Financial Instruments and Bank Account Reconciliation Statement ··· 2-5
02 Accounts Receivable Summary ······································· 2-11
03 Comprehensive Accounting for Accounts Receivable ················ 2-16
Chapter 3 Inventory Assets and Agricultural, Forestry, and Fishery Assets
Basic Problems ·························································· 3-3
01 Cut-Off of Inventory Assets ···························· 3-6
02 Comprehensive Accounting for Inventory Assets ················ 3-12
03 Inventory Asset Valuation Loss in Multi-Periods ······· 3-17
04 Profit and Loss Effects of Accounting Treatments Related to Inventory Assets ·· 3-23
Application Problems ············································· 3-26
01 Understanding Ownership of Inventory Assets and Undervaluation ·· 3-29
02 Classification of Inventory-Related Expenses ··············· 3-33
03 Detecting Kiting Using the Gross Profit Margin Method ·· 3-36
04 Calculating Cost of Goods Sold under the Retail Inventory Act ·············· 3-40
05 Accounting for Biological Assets and Agricultural Products ········· 3-45
06 Comprehensive Problems Related to Inventory Assets ···················· 3-52
Chapter 4 Tangible Assets and Investment Property
Basic Problems ·························································· 4-3
01 Acquisition of long-term deferred payment terms and mandatory purchase of debt securities ············································· 4-5
02 Government Subsidies, Recovery Reserve Debt, and Exchange Acquisitions ·· 4-11
03 Comparison of Accounting Treatments for Exchange Transactions ················ 4-16
04 Special Circumstances of Government Subsidies ····················· 4-23
05 Revaluation Model and Substitution with Investment Property 4-29
Application Problems ············································· 4-33
01 Tangible Assets Summary ······································· 4-35
02 Changes in the Measurement of Post-Processing and Recovery-Related Liabilities ·········································· 4-40
03 Impairment Losses and Impairment Reversals of Revalued Assets ·· 4-47
04 Revaluation Model and Account Reclassification of Tangible Assets ·· 4-53
Chapter 5 Capitalization of Borrowing Costs
Basic Problems ·························································· 5-3
01 Capitalization of Borrowing Costs in Multi-Periods ··········· 5-5
02 Capitalization of Government Subsidies and Borrowing Costs... 5-12
03 Land Development and Capitalization of Borrowing Costs ···· 5-19
04 Capitalization of Borrowing Costs for Period 3 ·················· 5-24
Chapter 6 Intangible Assets and Other Assets
Basic Problems ·························································· 6-3
01 Determining the Useful Life and Amortization of Intangible Assets... 6-5
02 Bulk Acquisition of Tangible and Intangible Assets ······ 6-10
03 Distinction between Research and Development Phases ············· 6-14
04 Various Accounting Treatments Related to Intangible Assets ·· 6-20
Chapter 7 Financial Debt and Private Loans
Basic Problems ·························································· 7-3
01 Comprehensive Issues on Bond Issuance and Repayment ··············· 7-5
02 Issuance of bonds with different interest payment dates and settlement dates ···················································· 7-9
03 Accounting for Continuously Repayable Bonds ·················· 7-13
Application Problems ············································· 7-16
01 Acquisition of corporate bonds, conversion into equity, and change of terms ·· 7-18
02 Changes in the Terms of Financial Liabilities ············ 7-24
Chapter 8 Accrued Liabilities and Employee Benefits
Basic Problems ·························································· 8-3
01 Possible Situations Related to Reserve Liabilities 8-6
02 Recognition of Provisions ················································8-12
03 Disclosure of Provisions and Contingent Liabilities ············· 8-16
04 Service Costs and Interest Costs of Defined Benefit Plans 8-19
05 Estimation of Actuarial Profit and Loss ····················· 8-23
Application Problems ············································· 8-26
01 Liabilities Measured at Present Value ········· 8-28
02 Provisions and Events After the Reporting Period ············· 8-34
03 Upper limit on asset recognition of net defined benefit assets ······ 8-38
04 Settlement of Past Service Costs and Systems ············· 8-42
Chapter 9 Capital
Basic Problems ·························································· 9-3
01 Accounting for Treasury Stock ··························· 9-5
02 Accounting for Dividend Preferred Stock and Redeemable Preferred Stock ············································ 9-11
03 Preparation of the Statement of Changes in Equity and the Statement of Appropriation of Retained Earnings ··················································· 9-19
04 Statement of Changes in Equity with Treasury Stock ············· 9-25
Chapter 10 Revenue Recognition
Basic Problems ············································· 10-3
01 Identification of Performance Obligations ································ 10-7
02 Distinction between contract changes and variable consideration... 10-15
03 Recognition of Revenue by Case ············ 10-25
04 Repurchase conditions, returnable sales, and variable price 10-36
05 Licenses and Franchises ··················· 10-44
Application Problems ·························································· 10-48
01 Customer Loyalty System Related to Discount Voucher Granting and Point System ··································· 10-51
02 Comprehensive Problems in Revenue Recognition ······················· 10-60
03 Recognition of Profit and Loss in Construction Contracts Due to Changes in Estimates 10-67
04 Special circumstances for progress calculations ·················· 10-75
Chapter 11 Financial Assets for Investment Purposes
Basic Problems ············································· 11-3
01 Accounting for Investment Equity Products ·················· 11-5
02 Accounting for Investment Debt Instruments ················ 11-12
03 Differences in profit and loss effects according to financial asset classification methods ················································· 11-21
04 Impairment of Financial Assets and Changes in Cash Flows 11-28
05 Reclassification of Financial Assets ··························· 11-35
Application Problems ·························································· 11-40
01 Comprehensive Problems on Investment and Financial Assets ··················· 11-43
02 Accounting for Financial Guarantees and Continuing Involvement 11-47
Chapter 12 Complex Financial Products
Basic Problems ············································· 12-3
01 Comparison of Convertible Bonds and Bonds with Warrants ·· 12-6
02 Exercise of Rights and Debt Ratio of Compound Financial Products ·· 12-14
Application Problems ·························································· 12-19
01 Issuance of Convertible Bonds by Situation ·················· 12-21
02 Special Model of Convertible Bonds ······················· 12-27
Chapter 13 Stock-Based Compensation
Basic Problems ············································· 13-3
01 Non-market performance conditions where the number of events and the amount of events fluctuate ································· 13-6
02 Non-market performance conditions with variable vesting periods and event amounts ·················· 13-12
03 Market Performance-Conditional Stock-Based Compensation Transactions · 13-19
04 Changes to the Terms of Equity Products and Cash Settlement ···· 13-23
05 Cash-Settled Stock-Based Compensation Transactions ········· 13-28
Application Problems ·························································· 13-31
01 Fair Value Measurement Priority for Stock-Settled Compensation Transactions ·································· 13-34
02 Corporate-Optional Stock-Based Compensation Transactions and Overpayments ·········································· 13-39
03 Optional Stock-Based Compensation Transactions ···················· 13-45
Chapter 14 Earnings per Share
Basic Problems ············································· 14-3
01 Calculation of the Weighted Average Number of Common Shares ······· 14-5
02 Calculation of profit attributable to common stock ····················· 14-9
03 Financial Statements for Comparative Purposes and Earnings Per Share ···· 14-14
04 Basic and Diluted Earnings Per Share ········· 14-18
Application Problems ·························································· 14-21
01 Review of the dilution effect based on continuing operating income ·················································· 14-23
02 Changes in Capital and Earnings Per Share ·················· 14-29
Chapter 15 Lees
Basic Problems ············································· 15-3
01 Accounting Treatment of Lessors ····················· 15-5
02 Accounting Treatment of Lessees ······················ 15-11
03 Accounting for Operating Leases ······················· 15-18
04 Revaluation of Lease Liabilities ·············· 15-26
Application Problems ·························································· 15-32
01 Changes to the Lease Agreement of the Lessee ··········· 15-36
02 Sales Lease ·········································· 15-45
03 Sale-Lease Agreement ······························ 15-51
Chapter 16 Corporate Tax Accounting
Basic Problems ············································· 16-3
01 Offsetting Deferred Tax Assets and Liabilities ········· 16-5
02 Basis of Inter-period and Intra-period Distribution of Corporate Tax ················································· 16-15
03 Deficit Carryover and Retroactive Deductions ······· 16-20
04 Application of Inter-period and Intra-period Distributions for Corporate Tax ················································· 16-26
Application Problems ·························································· 16-28
01 Statement of Capital and Reserves Adjustment ··········· 16-30
02 Application of the Capital and Reserve Adjustment Statement ·· 16-35
03 Comprehensive Inter-period and Intra-period Distribution of Corporate Tax ················································· 16-41
Chapter 17 Accounting Changes and Error Corrections
Basic Problems ············································· 17-3
01 Pre-tax profit effect due to error correction ······ 17-5
02 Corporate Tax Effects of Error Correction ··········· 17-10
03 Type-specific accounting changes and error corrections ··········· 17-16
04 Correction of item-by-item pull errors ·················· 17-21
Application Problems ·························································· 17-24
01 Restatement of Comparative Financial Statements ··········· 17-26
02 Comprehensive Accounting Changes and Error Corrections ··············· 17-32
Chapter 18 Statement of Cash Flows
Basic Problems ············································· 18-3
01 Preparation of a cash flow statement using a trial balance ·· 18-5
02 Cash Flows from Investing and Financing Activities ······· 18-13
03 Cash Flow by Activity ················· 18-21
Application Problems ·························································· 18-24
01 Preparation of a Cash Flow Statement ··························· 18-28
02 Cash Flow by Situation ················· 18-33
Chapter 19 Other Matters of Financial Accounting
Basic Problems ············································· 19-3
01 Calculation of Profit and Loss from Discontinued Operations ············ 19-5
02 Impairment of disposal asset group ························· 19-9
Chapter 20: Accounting for Exchange Rate Fluctuations and Derivatives
Basic Problems ············································· 20-3
01 Conversion of Foreign Currency Transactions into the Functional Currency ········· 20-6
02 Conversion of Non-monetary Foreign Currency Transactions ··············· 20-12
03 Effect of Exchange Rate Fluctuations on Foreign Currency Bonds ················ 20-15
Chapter 21 Investments in Associates and Joint Ventures
Basic Problems ············································· 21-3
01 Basic model of the equity method ··············· 21-6
02 Phased Acquisition and Phased Disposal ············· 21-13
03 Suspension and Resumption of Equity Method ······················ 21-18
04 Impairment of Investment Stock in Affiliated Companies ················ 21-23
Application Problems ·························································· 21-26
01 Equity Method for Investment in Associated Companies ···· 21-28
02 Equity method for contribution in kind ·················· 21-31
Chapter 22 Business Combinations and Merger Accounting
Basic Problems ············································· 22-3
01 Intangible assets acquired through business combinations ········· 22-6
02 Business Combination and Intangible Assets ······················· 22-13
03 Mutual Investment Stocks and Mergers ······················· 22-18
04 Impairment and Reversal of Cash Flow Generating Units Including Goodwill ················ 22-22
Chapter 23 Consolidated Accounting
Basic Problems ············································· 23-3
01 Consolidation of the first year without internal transactions... 23-6
02 Consolidation of the second year without internal transactions ···· 23-15
03 Internal Transactions and Connections with Inventory Assets ··············· 23-22
Appendix Mock Exam
2025 Certified Public Accountant Exam 2nd Intermediate Accounting Exam Questions
2025 Certified Public Accountant Exam 2nd Intermediate Accounting Exam Questions and Answers
2025 Certified Public Tax Accountant Exam 2nd Exam Questions
2025 Certified Public Tax Accountant Exam 2nd Exam Answers
Basic Problems ·························································· 1-3
01 Definition of Accounting ························································· 1-4
02 Generally Accepted Accounting Principles and Korean International Financial Reporting Standards ························ 1-7
03 General Purpose Financial Statements in Accordance with Korean International Financial Reporting Standards ············ 1-10
Chapter 2 Cash and Receivables
Basic Problems ·························································· 2-3
01 Cash and Financial Instruments and Bank Account Reconciliation Statement ··· 2-5
02 Accounts Receivable Summary ······································· 2-11
03 Comprehensive Accounting for Accounts Receivable ················ 2-16
Chapter 3 Inventory Assets and Agricultural, Forestry, and Fishery Assets
Basic Problems ·························································· 3-3
01 Cut-Off of Inventory Assets ···························· 3-6
02 Comprehensive Accounting for Inventory Assets ················ 3-12
03 Inventory Asset Valuation Loss in Multi-Periods ······· 3-17
04 Profit and Loss Effects of Accounting Treatments Related to Inventory Assets ·· 3-23
Application Problems ············································· 3-26
01 Understanding Ownership of Inventory Assets and Undervaluation ·· 3-29
02 Classification of Inventory-Related Expenses ··············· 3-33
03 Detecting Kiting Using the Gross Profit Margin Method ·· 3-36
04 Calculating Cost of Goods Sold under the Retail Inventory Act ·············· 3-40
05 Accounting for Biological Assets and Agricultural Products ········· 3-45
06 Comprehensive Problems Related to Inventory Assets ···················· 3-52
Chapter 4 Tangible Assets and Investment Property
Basic Problems ·························································· 4-3
01 Acquisition of long-term deferred payment terms and mandatory purchase of debt securities ············································· 4-5
02 Government Subsidies, Recovery Reserve Debt, and Exchange Acquisitions ·· 4-11
03 Comparison of Accounting Treatments for Exchange Transactions ················ 4-16
04 Special Circumstances of Government Subsidies ····················· 4-23
05 Revaluation Model and Substitution with Investment Property 4-29
Application Problems ············································· 4-33
01 Tangible Assets Summary ······································· 4-35
02 Changes in the Measurement of Post-Processing and Recovery-Related Liabilities ·········································· 4-40
03 Impairment Losses and Impairment Reversals of Revalued Assets ·· 4-47
04 Revaluation Model and Account Reclassification of Tangible Assets ·· 4-53
Chapter 5 Capitalization of Borrowing Costs
Basic Problems ·························································· 5-3
01 Capitalization of Borrowing Costs in Multi-Periods ··········· 5-5
02 Capitalization of Government Subsidies and Borrowing Costs... 5-12
03 Land Development and Capitalization of Borrowing Costs ···· 5-19
04 Capitalization of Borrowing Costs for Period 3 ·················· 5-24
Chapter 6 Intangible Assets and Other Assets
Basic Problems ·························································· 6-3
01 Determining the Useful Life and Amortization of Intangible Assets... 6-5
02 Bulk Acquisition of Tangible and Intangible Assets ······ 6-10
03 Distinction between Research and Development Phases ············· 6-14
04 Various Accounting Treatments Related to Intangible Assets ·· 6-20
Chapter 7 Financial Debt and Private Loans
Basic Problems ·························································· 7-3
01 Comprehensive Issues on Bond Issuance and Repayment ··············· 7-5
02 Issuance of bonds with different interest payment dates and settlement dates ···················································· 7-9
03 Accounting for Continuously Repayable Bonds ·················· 7-13
Application Problems ············································· 7-16
01 Acquisition of corporate bonds, conversion into equity, and change of terms ·· 7-18
02 Changes in the Terms of Financial Liabilities ············ 7-24
Chapter 8 Accrued Liabilities and Employee Benefits
Basic Problems ·························································· 8-3
01 Possible Situations Related to Reserve Liabilities 8-6
02 Recognition of Provisions ················································8-12
03 Disclosure of Provisions and Contingent Liabilities ············· 8-16
04 Service Costs and Interest Costs of Defined Benefit Plans 8-19
05 Estimation of Actuarial Profit and Loss ····················· 8-23
Application Problems ············································· 8-26
01 Liabilities Measured at Present Value ········· 8-28
02 Provisions and Events After the Reporting Period ············· 8-34
03 Upper limit on asset recognition of net defined benefit assets ······ 8-38
04 Settlement of Past Service Costs and Systems ············· 8-42
Chapter 9 Capital
Basic Problems ·························································· 9-3
01 Accounting for Treasury Stock ··························· 9-5
02 Accounting for Dividend Preferred Stock and Redeemable Preferred Stock ············································ 9-11
03 Preparation of the Statement of Changes in Equity and the Statement of Appropriation of Retained Earnings ··················································· 9-19
04 Statement of Changes in Equity with Treasury Stock ············· 9-25
Chapter 10 Revenue Recognition
Basic Problems ············································· 10-3
01 Identification of Performance Obligations ································ 10-7
02 Distinction between contract changes and variable consideration... 10-15
03 Recognition of Revenue by Case ············ 10-25
04 Repurchase conditions, returnable sales, and variable price 10-36
05 Licenses and Franchises ··················· 10-44
Application Problems ·························································· 10-48
01 Customer Loyalty System Related to Discount Voucher Granting and Point System ··································· 10-51
02 Comprehensive Problems in Revenue Recognition ······················· 10-60
03 Recognition of Profit and Loss in Construction Contracts Due to Changes in Estimates 10-67
04 Special circumstances for progress calculations ·················· 10-75
Chapter 11 Financial Assets for Investment Purposes
Basic Problems ············································· 11-3
01 Accounting for Investment Equity Products ·················· 11-5
02 Accounting for Investment Debt Instruments ················ 11-12
03 Differences in profit and loss effects according to financial asset classification methods ················································· 11-21
04 Impairment of Financial Assets and Changes in Cash Flows 11-28
05 Reclassification of Financial Assets ··························· 11-35
Application Problems ·························································· 11-40
01 Comprehensive Problems on Investment and Financial Assets ··················· 11-43
02 Accounting for Financial Guarantees and Continuing Involvement 11-47
Chapter 12 Complex Financial Products
Basic Problems ············································· 12-3
01 Comparison of Convertible Bonds and Bonds with Warrants ·· 12-6
02 Exercise of Rights and Debt Ratio of Compound Financial Products ·· 12-14
Application Problems ·························································· 12-19
01 Issuance of Convertible Bonds by Situation ·················· 12-21
02 Special Model of Convertible Bonds ······················· 12-27
Chapter 13 Stock-Based Compensation
Basic Problems ············································· 13-3
01 Non-market performance conditions where the number of events and the amount of events fluctuate ································· 13-6
02 Non-market performance conditions with variable vesting periods and event amounts ·················· 13-12
03 Market Performance-Conditional Stock-Based Compensation Transactions · 13-19
04 Changes to the Terms of Equity Products and Cash Settlement ···· 13-23
05 Cash-Settled Stock-Based Compensation Transactions ········· 13-28
Application Problems ·························································· 13-31
01 Fair Value Measurement Priority for Stock-Settled Compensation Transactions ·································· 13-34
02 Corporate-Optional Stock-Based Compensation Transactions and Overpayments ·········································· 13-39
03 Optional Stock-Based Compensation Transactions ···················· 13-45
Chapter 14 Earnings per Share
Basic Problems ············································· 14-3
01 Calculation of the Weighted Average Number of Common Shares ······· 14-5
02 Calculation of profit attributable to common stock ····················· 14-9
03 Financial Statements for Comparative Purposes and Earnings Per Share ···· 14-14
04 Basic and Diluted Earnings Per Share ········· 14-18
Application Problems ·························································· 14-21
01 Review of the dilution effect based on continuing operating income ·················································· 14-23
02 Changes in Capital and Earnings Per Share ·················· 14-29
Chapter 15 Lees
Basic Problems ············································· 15-3
01 Accounting Treatment of Lessors ····················· 15-5
02 Accounting Treatment of Lessees ······················ 15-11
03 Accounting for Operating Leases ······················· 15-18
04 Revaluation of Lease Liabilities ·············· 15-26
Application Problems ·························································· 15-32
01 Changes to the Lease Agreement of the Lessee ··········· 15-36
02 Sales Lease ·········································· 15-45
03 Sale-Lease Agreement ······························ 15-51
Chapter 16 Corporate Tax Accounting
Basic Problems ············································· 16-3
01 Offsetting Deferred Tax Assets and Liabilities ········· 16-5
02 Basis of Inter-period and Intra-period Distribution of Corporate Tax ················································· 16-15
03 Deficit Carryover and Retroactive Deductions ······· 16-20
04 Application of Inter-period and Intra-period Distributions for Corporate Tax ················································· 16-26
Application Problems ·························································· 16-28
01 Statement of Capital and Reserves Adjustment ··········· 16-30
02 Application of the Capital and Reserve Adjustment Statement ·· 16-35
03 Comprehensive Inter-period and Intra-period Distribution of Corporate Tax ················································· 16-41
Chapter 17 Accounting Changes and Error Corrections
Basic Problems ············································· 17-3
01 Pre-tax profit effect due to error correction ······ 17-5
02 Corporate Tax Effects of Error Correction ··········· 17-10
03 Type-specific accounting changes and error corrections ··········· 17-16
04 Correction of item-by-item pull errors ·················· 17-21
Application Problems ·························································· 17-24
01 Restatement of Comparative Financial Statements ··········· 17-26
02 Comprehensive Accounting Changes and Error Corrections ··············· 17-32
Chapter 18 Statement of Cash Flows
Basic Problems ············································· 18-3
01 Preparation of a cash flow statement using a trial balance ·· 18-5
02 Cash Flows from Investing and Financing Activities ······· 18-13
03 Cash Flow by Activity ················· 18-21
Application Problems ·························································· 18-24
01 Preparation of a Cash Flow Statement ··························· 18-28
02 Cash Flow by Situation ················· 18-33
Chapter 19 Other Matters of Financial Accounting
Basic Problems ············································· 19-3
01 Calculation of Profit and Loss from Discontinued Operations ············ 19-5
02 Impairment of disposal asset group ························· 19-9
Chapter 20: Accounting for Exchange Rate Fluctuations and Derivatives
Basic Problems ············································· 20-3
01 Conversion of Foreign Currency Transactions into the Functional Currency ········· 20-6
02 Conversion of Non-monetary Foreign Currency Transactions ··············· 20-12
03 Effect of Exchange Rate Fluctuations on Foreign Currency Bonds ················ 20-15
Chapter 21 Investments in Associates and Joint Ventures
Basic Problems ············································· 21-3
01 Basic model of the equity method ··············· 21-6
02 Phased Acquisition and Phased Disposal ············· 21-13
03 Suspension and Resumption of Equity Method ······················ 21-18
04 Impairment of Investment Stock in Affiliated Companies ················ 21-23
Application Problems ·························································· 21-26
01 Equity Method for Investment in Associated Companies ···· 21-28
02 Equity method for contribution in kind ·················· 21-31
Chapter 22 Business Combinations and Merger Accounting
Basic Problems ············································· 22-3
01 Intangible assets acquired through business combinations ········· 22-6
02 Business Combination and Intangible Assets ······················· 22-13
03 Mutual Investment Stocks and Mergers ······················· 22-18
04 Impairment and Reversal of Cash Flow Generating Units Including Goodwill ················ 22-22
Chapter 23 Consolidated Accounting
Basic Problems ············································· 23-3
01 Consolidation of the first year without internal transactions... 23-6
02 Consolidation of the second year without internal transactions ···· 23-15
03 Internal Transactions and Connections with Inventory Assets ··············· 23-22
Appendix Mock Exam
2025 Certified Public Accountant Exam 2nd Intermediate Accounting Exam Questions
2025 Certified Public Accountant Exam 2nd Intermediate Accounting Exam Questions and Answers
2025 Certified Public Tax Accountant Exam 2nd Exam Questions
2025 Certified Public Tax Accountant Exam 2nd Exam Answers
GOODS SPECIFICS
- Date of issue: September 30, 2025
- Page count, weight, size: 872 pages | 188*258*32mm
- ISBN13: 9791156265788
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