Synopses & Reviews
Intermediate Accounting presents accounting from the perspective of the essential activities of business: operating, investing, and financing. Learners will see accounting as it is in the real world -- an essential component of the management function and decision-making process.
Review
I grant you permission to use my name and school. I have a few comments below that are not all inclusive, but are a start - if you want some more, let me know. I need to get back to my office to see the book, especially chapter 6 - I can address that chapter specifically if you think that is appropriate.
Review
I want to say that I have used Kieso and Weygandt for 19 years and this book is a refreshing change , but I guess I am hesitant to put that down on paper. If someone wants to call me, I would be happy to discuss the book with them and let them know I have switched from Kieso and Weygandt.
Review
Well-balanced approach to Intermediate Accounting topics and well written, easy to read for students, understandable.
Review
I like the coverage on accounting for derivatives - it seems appropriate for Intermediate Accounting - good introduction to a complex topic. I think the authors have a fresh approach to many topics and I think they provide excellent coverage to a broad range of topics. I especially liked their coverage of lower of cost or market.
Review
I like the organization of topics - statement of cash flow emphasis rather than the balance sheet emphasis. There is a nice treatment of international accounting topics - it is not just a marginal notation as in many textbooks, plus good examples with interesting real world illustrations.
About the Author
James D. Stice is the Distinguished Teaching Professor in the Marriott School of Management at Brigham Young University. He is currently Associate Dean of the Marriott School. Dr. Stice served for eight years as the director of BYU's MBA Program. He holds bachelor's and master's degrees in accounting from BYU and a PhD in accounting from the University of Washington. Professor Stice has been on the faculty at BYU since 1988. During that time, he has been selected by graduating accounting students as "Teacher of the Year" on numerous occasions; he was selected by his peers in the Marriott School at BYU to receive the "Outstanding Teaching Award" and he was selected by the University to receive its highest teaching award, the Maeser Excellence in Teaching Award. Professors Stice has taught in academic and executive education programs in the United States, Europe, South Africa and China for such companies as IBM, Bank of America, and Ernst and Young. Professor Stice has published articles in JOURNAL OF ACCOUNTING RESEARCH, THE ACCOUNTING REVIEW, DECISION SCIENCES, ISSUES IN ACCOUNTING EDUCATION, THE CPA JOURNAL, and other academic and professional journals and has written several accounting textbooks. In addition to his teaching and research, he currently serves on the board of directors of Nutraceutical Corporation. Dr. Stice and his wife, Kaye, have seven children and eight grandchildren.Earl K. Stice is the PricewaterhouseCoopers Professor of Accounting in the School of Accountancy at Brigham Young University, where he has been on the faculty since 1998. He holds bachelor's and master's degrees from Brigham Young University and a PhD from Cornell University. Dr. Stice has taught at Rice University, the University of Arizona, Cornell University, and the Hong Kong University of Science and Technology (HKUST). He won the Phi Beta Kappa teaching award at Rice University, was twice selected as one of the ten best lecturers on campus at HKUST, and has won the Marriott School Teaching Award at BYU. Dr. Stice also has taught in a variety of executive education and corporate training programs in the United States, Hong Kong, China, Malaysia, and South Africa, and he has been on the executive MBA faculty of the China Europe International Business School in Shanghai, HKUST, the University of Illinois, and INSEAD (in Singapore). He has published papers in the JOURNAL OF FINANCIAL AND QUANTITATIVE ANALYSIS, THE ACCOUNTING REVIEW, REVIEW OF ACCOUNTING STUDIES, JOURNAL OF BUSINESS, FINANCE, AND ACCOUNTING, and ISSUES IN ACCOUNTING EDUCATION. Dr. Stice has presented his research results at seminars in the United States, Finland, Taiwan, Australia, and Hong Kong. He has coauthored several accounting texts including INTERMEDIATE ACCOUNTING, 17TH EDITION. Dr. Stice and his wife, Ramona, have seven children -- Derrald, Han, Ryan Marie, Lorien, Lily, Taraz, and Kamila ? and one adorable granddaughter.K. Fred Skousen holds the J. Willard and Alice S. Marriott Chair of Management and is Dean of the Marriott School of Management at Brigham Young University. He earned a bachelor's degree from BYU and master's and Ph.D. degrees from the University of Illinois. Dr. Skousen taught at the University of Illinois and the University of Minnesota prior to joining the faculty at Brigham Young University. In 1983 Dr. Skousen was awarded the Peat Marwick Professorship at BYU. In 1984 Dr. Skousen was elected to the AICPA Council, and in 1985 he received the UACPA Outstanding Faculty Award. Dr. Skousen has been a consultant to the Financial Executive Research Foundation, the Controller General of the United States, the Federal Trade Commission, and to several large companies. He currently serves on the Board of Directors of several corporations. Dr. Skousen is the author or co-author of more than 50 articles, research reports, and books, including Intermediate Accounting, 13th edition. Fred and his wife, Julie, have five sons, one daughter, and nineteen grandchildren.
Table of Contents
PART 1: FOUNDATIONS OF FINANCIAL ACCOUNTING 1. Financial Reporting 2. A Review of the Accounting Cycle 3. The Balance Sheet and Notes to the Financial Statements 4. The Income Statement 5. The Statement of Cash Flows PART 2: PRIMARY ACTIVITIES OF A BUSINESS. SECTION 1: OPERATING ACTIVITIES 6. Earnings Management 7. The Revenue/Receivables/Cash Cycle 8. Revenue Recognition 9. Cost of Goods Sold and Inventory SECTION 2: FINANCING ACTIVITIES 10. Debt Financing 11. Equity Financing SECTION 3: INVESTING ACTIVITIES 12. Investments in Noncurrent Operating Assets - Acquisition 13. Investments in Noncurrent Operating Assets -- Utilization and Retirement 14. Investments in Debt and Equity Securities PART 3: ADDITIONAL ACTIVITIES AND COMMON DISCLOSURES OF A BUSINESS 15. Leases 16. Income Taxes 17. Employee Compensation -- Payroll, Pensions, and Other Compensation Issues 18. Derivatives, Contingencies, Business Segments, and Interim Reports PART 4: OTHER DIMENSIONS OF FINANCIAL REPORTING 19. Earnings Per Share 20. Accounting Changes and Error Corrections 21. Analysis of Financial Statements. APPENDICES: A. The Walt Disney Company 2001 Annual Report B. Time Value of Money C. Index of References to APB and FASB Pronouncements D. Glossary E. Check Figures