Synopses & Reviews
Conceptual understanding requires a solid foundationOver thirty years and twelve bestselling editions, Kieso, Weygandt, and Warfield’s Intermediate Accountinghas built a reputation for accuracy, comprehensiveness, and student success. An evolution of this standard-bearer can be found in Intermediate Accounting: Principles and Analysis, Second Edition.It enables you not just to grasp the concepts and methods of financial accounting, but then to apply them in various decision-making contexts.
Balancing discussions of concepts with applications, the text helps you build on that solid foundation in such areas as the standard-setting process, the three major financial statements, revenue recognition, income taxes, reporting disclosure issues, and much more. Best of all, an array of special features ensure your mastery of the material, encouraging you to:
- Pinpoint the principle behind the topic with “What’s the Principle?”
- Appreciate the converging nature of US GAAP and IFRS through the Convergence Corner features in each chapter.
- Apply your accounting knowledge while expanding your competencies in analysis and decision-making context with “Accounting in Action” problems.
- Full chapters on revenue recognition and the statement of cash flows can be found in this revised edition.
- See how real companies deal with accounting issues in “What Do the Numbers Mean?”
- Gain International Insights with special notes regarding accounting practices in other countries.
Clear, thorough, and up to date, Intermediate Accounting: Principles and Analysisprovides a thorough grounding in principles and concepts that will serve as important cornerstones for decision making throughout your accounting or financial career.
Synopsis
Now you can get all the accuracy, authority, and student success of the best-selling intermediate accounting text in a brief, streamlined new version! The authors have made tough decisions about what material remains at the core of the intermediate accounting course, and what details (for example, methods of depreciation) are less important for today's student. The result of their work is the briefest two/three-semester intermediate text on the market. This new streamlined size will also allow you to introduce case material or special readings as you choose.
Synopsis
Now readers can get all the accuracy and authority of the best-selling intermediate accounting book in the new second edition of this brief, streamlined version! Fundamentals of Intermediate Accountingpresents a balanced discussion of concepts and applications, explaining the rationale behind business transactions before addressing the accounting and reporting for those activities. Readers will gain a solid foundation in such areas as the standard-setting process, the three major financial statements, revenue recognition, income taxes, reporting disclosure issues, and much more.
About the Author
Terry D. Warfield, Ph.D. is associate professor of accounting at the University of Wisconsin-Madison. He received a B.S. and M.B.A from Indiana University and a Ph.D. in accounting from the University of Iowa. Professor Warfield's area of expertise is financial reporting, and prior to his academic career, he worked for five years in the banking industry. He served as the Academic Accounting Fellow in the Office of the Chief Accountant at the U.S. Securities and Exchange commission in Washington, D.C. from 1995-1996). Professor Warfield's primary research interests concern financial accounting standards and disclosure policies. He has published scholarly articles in the Accounting Review, Journal of Accounting and Economics, Research in Accounting Regulation, and Accounting Horizons, and he has served on the editorial boards of the Accounting Review, Accounting Horizons, and Issues in Accenting Education. He has served as president of the Financial Accounting and Reporting Section, the Financial Accounting Standards Committee of the American Accounting Association (Chair 1995-1996), and on the AAA-FASB Research Conference Committee. Professor Warfield has received teaching awards at both the University of Iowa and the University of Wisconsin, and he was named to the teaching Academy at the University of Wisconsin in 1995. Professor Warfield has developed and published several case studies based on his research for use in accounting classes. Theses cases have been selected for the AICPA Professor-Practitioner Case Development Program and have been published in Issues in Accounting Education.
Jerry J. Weygandt, PhD, CPA, is Arthur Andersen Alumni Professor of Accounting at the University of Wisconsin-Madison. He has a Ph.D. from the Univ. of Illinois. His articles have appeared in the Accounting Review, Journal of Accounting Research, Accounting Horizons, Journal of Accountancy, and other academic and professional journals. Professor Weygandt is author of other accounting and financial reporting books and is a member of the American Accounting Association, the American Institute of Certified Public Accountants, and the Wisconsin Society of Certified Public Accountants. He is the recipient of the Wisconsin Institute of CPAs Outstanding Educator’s Award and the Lifetime Achievement Award. In 2001 he received the American Accounting Association’s Outstanding Accounting Educator Award.
Donald E. Kieso, PhD, CPA,received his bachelor’s degree from Aurora University and his Ph.D. from the University of Illinois. He has served as chairman of the Department of Accountancy and is currently KPMG Emeritus Professor of Accountancy at Northern Illinois University. He has public accounting experience with Price Waterhouse & Co. (San Francisco and Chicago) and Arthur Andersen & Co. (Chicago) and research experience with the Research Division of the American Institute of Certified Public Accountants (NY). He has done postdoctorate work as a Visiting Scholar at the University of California at Berkeley and is a recipient of NIU’s Teaching Excellence Award and four Golden Apple teaching Awards. Professor Kieso is the author of numerous other accounting and business books and is a member of the American Accounting Association, the American Institute of Certified Public Accountants, and the Illinois CPA Society.
Table of Contents
Chapter 1. Financial Accounting and Accounting Standards.
Chapter 2. Conceptual Framework Underlying Financial Accounting.
Chapter 3. The Accounting Information System.
Chapter 4. Balance Sheet.
Chapter 5. Income Statement and Related Information.
Chapter 6. Revenues and Cash Flows.
Chapter 7. Cash and Receivables.
Chapter 8. Accounting for Inventories.
Chapter 9. Accounting for Property, Plant, and Equipment.
Chapter 10. Intangible Assets.
Chapter 11. Accounting for Liabilities.
Chapter 12. Stockholders' Equity.
Chapter 13. Investments.
Chapter 14. Accounting for Income Taxes.
Chapter 15. Accounting for Compensation.
Chapter 16. Accounting for Leases.
Chapter 17. Additional Reporting Issues.
Appendix A. Accounting and the Time Value of Money.
Appendix B. Financial Calculators.
Appendix C> Retail Inventory Method.
Appendix D. Accounting for Natural Resources.
Appendix E. Accounting for Computer Software Costs.
Appendix F. Accounting for Troubled Debt.
Index.