Intermediate Accounting

Focusing on how accounting issues affect business and business decisions, this text presents the concepts and standards of financial accounting using examples and cases, while maintaining a conceptual emphasis. It is designed primarily for the undergraduate intermediate accounting course, but may also be used at the MBA level.

Table of Contents:
Part 1 Overview of Accounting and Its Theoretical Foundation: 1 Financial Reporting and the Accounting Profession 2 A Conceptual Framework of Accounting 3 Review of the Accounting Process; Appendix 3a Special Journals and Subsidiary Ledgers; Appendix 3b Closing Method for Inventory 4 The Income Statement 5 The Balance Sheet 6 The Statement of Cash flows; Appendix: Preparing a Statement of Cash Flows - Work Sheet Approach 7 Time Value of Money; Appendix: Computers and the Time Value of Money Part 2 Components of Financial Statements: 8 Cash and Receivables Appendix Four-Column Bank Reconciliation 9 Inventories - Cost Allocation and Valuation 10 Inventories - Estimation and Noncost Procedures; Appendix: Determination of Price Indexes 11 Noncurrent Operating Assets - Acquisition; Appendix: Goodwill 12 Noncurrent Operating Assets - Utilization and Retirement 13 Liabilities - Current and Contingent 14 Long-Term Debt Appendix: Accounting for Serial Bonds 15 Owner's Equity - contributed Capital 16 Owner's Equity - Retained Earnings 17 Investments in Debt and Equity Instruments Appendix 17-1 Investor's Accounting for Troubled Debt Restructuring Appendix 17-2 Cash Surrender Value of Life Insurance Appendix 17-3 Investments in Funds Part 3 Special Problems in Income Determination 18 Complexities in Revenue Recognition Appendix Installment Sales of Real Estate 19 Accounting for Leases Appendix 19-1 Criteria for Classifying Real Estate Leases Appendix 19-2 Leveraged Leases 20 Accounting for Income Taxes Appendix 20-1 Intraperiod Income Tax Allocation Appendix 20-2 The Investment Tax Credit 21 Accounting for Pensions and Other Postretirement Benefits 22 Accounting Changes and Error Corrections Part 4 Other Dimensions of Financial Reporting 23 Earnings Per Share Appendix Comprehensive Illustration Using Multiple Potentially Dilutive Securities 24 Reporting the Impact of Changing Prices - Domestic and Foreign 25 Financial Reporting and Analysis Appendix Expanded Illustration of Statement of Cash Flows.