Synopses & Reviews
The painless way to master an Intermediate Accounting course
With easy-to-understand explanations and real-world examples, Intermediate Accounting For Dummies takes the confusion out of the topics you'll encounter in this challenging course: Generally Accepted Accounting Principles (GAAP), International Financial Reporting Standards (IFRS), financial ratio analysis, equity accounting, investment strategies, financial statement preparation, and more.
Financial Accounting 101 get acquainted with the role and responsibilities of financial accountants
Make a statement walk through the proper preparation of the income statement, balance sheet, and statement of cash flow
Control your cash discover everything you need to know about accounting for current and noncurrent assets
I.O.U. find the 4-1-1 on debt and equity, short-term claims payable by the company, and accounting for long-term obligations under various debt scenarios
Mistakes happen find out how to fix mistakes in financial statements, how to account for a change from one accounting method to another, and what to do when an accounting estimate is incorrect
Open the book and find:
The conceptual framework of financial accounting
The elements of financial statements
All about the accounting system
Lots of examples of worksheets and reports
How a business prepares an income statement
The ins and outs of cashflow
The time value of money
Ways to analyze debt and equity
Ten common disclosure notes to the financial statements
Learn to:
Master the concepts of this challenging course
Make sense of topics with real-life examples
Score your highest in Intermediate Accounting
Synopsis
With easy-to-understand explanations and real-life examples, Intermediate Accounting For Dummies provides students with a deeper and broader level of accounting theory. The typical intermediate accounting format requires two semesters of intense conceptual course work. Major topics include the conceptual framework of Generally Accepted Accounting Principles (GAAP), International Financial Reporting Standards (IFRS), financial ratios analysis, equity accounting, investment strategies and financial statement preparation.
Synopsis
The easy way to master an intermediate accounting courseIntermediate accounting courses are required for students seeking bachelor's degrees in accounting and often for degrees in finance, business administration, and management. Intermediate Accounting For Dummies provides you with a deeper and broader level of accounting theory, serving as an excellent course supplement and study guide to help you master the concepts of this challenging program.
With easy-to-understand explanations and realworld examples, Intermediate Accounting For Dummies covers all the topics you'll encounter in an intermediate accounting course: the conceptual framework of Generally Accepted Accounting Principles (GAAP), International Financial Reporting Standards (IFRS), financial ratio analysis, equity accounting, investment strategies, financial statement preparation, and more
- Tracks to a typical intermediate accounting curriculum
- Expert information and real-world examples
- Other titles from Loughran: Financial Accounting For Dummies and Auditing For Dummies
With the help of Intermediate Accounting For Dummies, you'll discover the fast and easy way to take the confusion out of the complex theories and methods associated with a typical intermediate accounting course.
About the Author
Maire Loughran is a certified public accountant who has prepared compilation, review, and audit reports for fifteen years. A member of the American Institute of Certified Public Accountants, she is a full adjunct professor who teaches graduate and undergraduate auditing and accounting classes.
Table of Contents
Introduction 1Part I: Introducing Financial Accounting and Standards 7
Chapter 1: Seeing the Big Picture of Financial Accounting 9
Chapter 2: Walking Through the Conceptual Framework of Financial Accounting 23
Chapter 3: Invaluable Valuation 43
Chapter 4: Reviewing the Accounting System 51
Part II: Preparing and Using Financial Statements 65
Chapter 5: Posting Income Statement Profit and Loss 67
Chapter 6: Reporting Assets and Claims: Keeping Your Balance (Sheet) 83
Chapter 7: Follow the Money! Studying Cash Flow 101
Chapter 8: Time Is Money: Looking at the Time Value of Money 115
Part III: Homing in on Current and Noncurrent Assets 127
Chapter 9: Assessing Cash and Receivables 129
Chapter 10: Inventory Cost Flow Assumptions 145
Chapter 11: Buying and Selling Property, Plant, and Equipment (PP&E) 167
Chapter 12: Recognizing Depreciation, Impairments, and Depletion 183
Chapter 13: Keeping Track of Other Noncurrent Assets 197
Part IV: Analyzing Debt and Equity 207
Chapter 14: Tracking Current Liabilities and Contingencies 209
Chapter 15: Planning for Long-Term Obligations 227
Chapter 16: Letting Owners Know Where They Stand: The Equity Section 241
Part V: Accounting for Advanced Intermediate Issues 257
Chapter 17: Accounting for Income Taxes 259
Chapter 18: Accounting for Leases 277
Chapter 19: Fessing Up: Correcting Errors
and Reporting Changes in Methods 295
Chapter 20: Is That You, Revenue? Revenue Recognition Concepts 313
Part VI: The Part of Tens 327
Chapter 21: Ten Common Notes to the Financial Statements 329
Chapter 22: Ten Ratios for Financial Statement Analysis 337
Index 343