INTERMEDIATE ACCOUNTING, Eleventh Edition, provides the perfect combination of professional language and vibrant pedagogy to facilitate the transition from financial principles to the larger environment of financial reporting. To prepare students for professional accounting careers, the text's comprehensive coverage of GAAP and discussion of IFRS is clearly and consistently presented throughout the text. This coverage complements the authors' insight, which is in both the in-text commentary and the fully coordinated, author-written end-of-chapter material.
New to this Edition :
•New FASB Accounting Standards Codification
•New convergence overview
•New Joint Conceptual Framework
•New IFRS financial statements
•Revised IFRS versus U.S GAAP
•New IFRS homework
•New IFRS Appendix
•Fair value accounting
Part I: FINANCIAL REPORTING: CONCEPTS, FINANCIAL STATEMENTS, AND RELATED DISCLOSURES.
1. The Environment of Financial Reporting.
2. Financial Reporting: Its Conceptual Framework.
3. Review of a Company's Accounting System.
4. The Balance Sheet and the Statement of Changes in Stockholders' Equity.
5. The Income Statement and the Statement of Cash Flows.
6. Additional Aspects of Financial Reporting and Financial Analysis.
Time Value of Money Module.
Part II: FINANCIAL REPORTING: ASSET VALUATION AND INCOME MEASUREMENT.
7. Cash and Receivables.
8. Inventories: Cost Measurement and Flow Assumptions.
9. Inventories: Special Valuation Issues.
10. Property, Plant, and Equipment: Acquisition and Disposal.
11. Depreciation and Depletion.
12. Intangibles.
Part III: FINANCIAL REPORTING: VALUATION OF LIABILITIES AND INVESTMENTS.
13. Current Liabilities and Contingencies.
14. Long-Term Liabilities and Receivables.
15. Investments.
Part IV: FINANCIAL REPORTING: STOCKHOLDERS EQUITY.
16. Contributed Capital.
17. Earnings Per Share and Retained Earnings.
Part V: FINANCIAL REPORTING: SPECIAL TOPICS.
18. Income Recognition and Measurement of Net Assets.
19. Accounting for Income Taxes.
20. Accounting for Postemployment Benefits.
21. Accounting for Leases.
22. The Statement of Cash Flows.
23. Accounting Changes and Errors.
Appendix A: Coca-Cola 2007 Financial Statements and Supplementary Data.
Appendix B: List of the Official Pronouncements of the AICPA and FASB.
Appendix C: List of International Financial Reporting Standards (IASB).
Index.