Intermediate Accounting

Opening Scenario Questions: Critical-thinking questions follow each company chapter opener, with solutions provided at the end of the chapter so that students can check their answers as they think about how they would respond to accounting-related issues that businesses face.
Statement of Cash Flows "Revisited" Chapter: Chapter 21 accommodates instructors who like extensive or additional coverage of the statement of cash flows in the second semester of the course. Note that the full chapter available in previous editions early in the text is still there (Chapter 5), which provides maximum coverage and flexibility of this important statement for instructors who vary in how and when they prefer to cover this topic.
How and Why Framework: Following each learning objective, the authors provide additional reinforcement of the critical concepts by highlighting the procedural aspects (the "how") as well as the context (or "why") to which the concepts are applied. As students move through the chapter, they gain a greater understanding of both elements and can rationalize why businesses account for things the way they do. To further stress and show this framework as students read the chapter, relevant narrative is flagged by a design element to denote the "why."
Cumulative Spreadsheet Assignment: Found in the case section and featured at the end of Chapters 2 through 22, the cumulative spreadsheet assignment allows students to demonstrate and reinforce their understanding of the chapter topics by creating a spreadsheet that allows numerous variables to be modified and their effects to be monitored.
Comprehensive Coverage in a Streamlined Format: The more important the topic, the greater detail in which it is covered. The authors have strived to spend more time discussing the most important topics of each chapter and to avoid excess verbiage on issues that are less important. Study the central activities of a business, including today's hot topics, to learn accounting principles! INTERMEDIATE ACCOUNTING presents a user/decision-making approach combined with the necessary coverage of GAAP, codification, and IFRS to help you understand accounting in terms of what goes on in a business. The text's efficient format is not overwhelming like other encyclopedic t More »