{"product_id":"intermediate-accounting-isbn-9781119790976","title":"Intermediate Accounting","description":"\u003cp\u003e\u003ci\u003eIntermediate Accounting\u003c\/i\u003e by Donald Kieso, Jerry Weygandt, and Terry Warfield has always been, and continues to be, the gold standard. Through significant updates, the 18th Edition presents a refreshed, accessible, and modern approach with new perspectives that help connect students to the what, the why, and the how of accounting information.\u003c\/p\u003e \u003cp\u003eIn the intermediate accounting course, it can be difficult for students to understand the technical details and retain and recall core course topics. To move beyond basic understanding, students work through new integrated practice right at the point of learning and high-quality assessment at varying levels, helping them to learn concepts more efficiently and create connections between topics and real-world application.\u003c\/p\u003e \u003cp\u003eThroughout the course, students also work through various hands-on activities including Critical Thinking Cases, Excel Templates, and Analytics in Action problems, all within the chapter context. These applications help students develop an accounting decision-making mindset and improve the professional judgement and communication skills needed to be successful in the profession.\u003c\/p\u003e \u003cp\u003eWith \u003ci\u003eIntermediate Accounting, 18th Edition\u003c\/i\u003e, you will be able to spark efficient and effective learning, help create the bridge to student success, and inspire and prepare students to be the accounting professionals of tomorrow.\u003c\/p\u003e \u003cp\u003e\u003cb\u003e1 The Environment and Conceptual Framework of Financial Reporting\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e1.1 Financial Reporting Environment 1-2\u003c\/p\u003e \u003cp\u003e1.2 Conceptual Framework 1-11\u003c\/p\u003e \u003cp\u003e1.3 Assumptions and Principles 1-18\u003c\/p\u003e \u003cp\u003e1.4 Major Challenges in Financial Reporting 1-27\u003c\/p\u003e \u003cp\u003eAnalytics in Action Big Data for Big Decisions 1-30\u003c\/p\u003e \u003cp\u003e\u003cb\u003e2 The Accounting Information System\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e2.1 Accounting Information System 2-2\u003c\/p\u003e \u003cp\u003e2.2 Analyze and Record Business Transactions 2-8\u003c\/p\u003e \u003cp\u003eAnalytics in Action This System Is Full of Data 2-19\u003c\/p\u003e \u003cp\u003e2.3 Adjusting Entries 2-23\u003c\/p\u003e \u003cp\u003e2.4 Preparing Financial Statements 2-37\u003c\/p\u003e \u003cp\u003e2.5 Financial Statements for a Merchandising Company 2-45\u003c\/p\u003e \u003cp\u003eAppendix 2A: Cash-Basis Accounting versus Accrual-Basis Accounting 2-48\u003c\/p\u003e \u003cp\u003eAppendix 2B: Using Reversing Entries 2-54\u003c\/p\u003e \u003cp\u003eAppendix 2C: Using a Worksheet: The Accounting Cycle Revisited 2-56\u003c\/p\u003e \u003cp\u003e\u003cb\u003e3 Income Statement, Related Information, and Revenue Recognition\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e3.1 Income Statement 3-2\u003c\/p\u003e \u003cp\u003eAnalytics in Action Income Statement Dashboards 3-8\u003c\/p\u003e \u003cp\u003e3.2 Reporting Special Income Items 3-11\u003c\/p\u003e \u003cp\u003e3.3 Stockholders’ Equity Statements 3-19\u003c\/p\u003e \u003cp\u003e3.4 Revenue Recognition—The Fundamentals 3-21\u003c\/p\u003e \u003cp\u003e3.5 Quality of Earnings 3-29\u003c\/p\u003e \u003cp\u003eAppendix 3A: Accounting Changes and Errors 3-33\u003c\/p\u003e \u003cp\u003e\u003cb\u003e4 Balance Sheet and Statement of Cash Flows\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e4.1 Balance Sheet 4-1\u003c\/p\u003e \u003cp\u003e4.2 Statement of Cash Flows 4-16\u003c\/p\u003e \u003cp\u003eAppendix 4A: Additional Information 4-26\u003c\/p\u003e \u003cp\u003eAppendix 4B: Ratio Analysis—A Reference 4-33\u003c\/p\u003e \u003cp\u003e\u003cb\u003e5 Accounting and the Time Value of Money\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e5.1 Basic Time Value Concepts 5-2\u003c\/p\u003e \u003cp\u003e5.2 Single-Sum Problems 5-8\u003c\/p\u003e \u003cp\u003e5.3 Annuities (Future Value) 5-14\u003c\/p\u003e \u003cp\u003e5.4 Annuities (Present Value) 5-21\u003c\/p\u003e \u003cp\u003e5.5 Other Time Value of Money Issues 5-27\u003c\/p\u003e \u003cp\u003eAnalytics in Action Using Present Value for Investment Analysis 5-31\u003c\/p\u003e \u003cp\u003eAppendix 5A: Technology Tools for Time Value of Money Problems 5-34\u003c\/p\u003e \u003cp\u003eTime Value of Money Tables 5-60\u003c\/p\u003e \u003cp\u003e\u003cb\u003e6 Cash and Receivables\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e6.1 Cash 6-1\u003c\/p\u003e \u003cp\u003e6.2 Receivables 6-6\u003c\/p\u003e \u003cp\u003e6.3 Valuation of Accounts Receivable 6-13\u003c\/p\u003e \u003cp\u003eAnalytics in Action Predicting the Future 6-19\u003c\/p\u003e \u003cp\u003e6.4 Notes Receivable 6-20\u003c\/p\u003e \u003cp\u003e6.5 Other Issues 6-28\u003c\/p\u003e \u003cp\u003eAppendix 6A: Cash Controls 6-36\u003c\/p\u003e \u003cp\u003eAppendix 6B: Collectibility Assessment Based on Expected Cash Flows 6-42\u003c\/p\u003e \u003cp\u003e\u003cb\u003e7 Valuation of Inventories: A Cost-Basis Approach\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e7.1 Inventory Issues 7-2\u003c\/p\u003e \u003cp\u003e7.2 Goods and Costs Included in Inventory 7-8\u003c\/p\u003e \u003cp\u003e7.3 Which Cost Flow Assumption to Adopt? 7-14\u003c\/p\u003e \u003cp\u003e7.4 Special Issues Related to LIFO 7-24\u003c\/p\u003e \u003cp\u003e7.5 Effect of Inventory Errors 7-32\u003c\/p\u003e \u003cp\u003eAnalytics in Action Inventory Matters 7-35\u003c\/p\u003e \u003cp\u003e\u003cb\u003e8 Inventories: Additional Valuation Issues\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e8.1 Lower-of-Cost-or-Net Realizable Value 8-2\u003c\/p\u003e \u003cp\u003e8.2 Lower-of-Cost-or-Market 8-7\u003c\/p\u003e \u003cp\u003eAnalytics in Action Role of Big Data in Inventory 8-11\u003c\/p\u003e \u003cp\u003e8.3 Other Valuation Approaches 8-13\u003c\/p\u003e \u003cp\u003e8.4 The Gross Profit Method of Estimating Inventory 8-19\u003c\/p\u003e \u003cp\u003e8.5 Retail Inventory Method 8-22\u003c\/p\u003e \u003cp\u003e8.6 Presentation and Decision Analysis 8-31\u003c\/p\u003e \u003cp\u003e\u003cb\u003e9 Acquisition and Disposition of Property, Plant, and Equipment\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e9.1 Property, Plant, and Equipment 9-2\u003c\/p\u003e \u003cp\u003e9.2 Interest Costs During Construction 9-10\u003c\/p\u003e \u003cp\u003e9.3 Valuation of Property, Plant, and Equipment 9-16\u003c\/p\u003e \u003cp\u003e9.4 Costs Subsequent to Acquisition 9-26\u003c\/p\u003e \u003cp\u003e9.5 Disposition of Property, Plant, and Equipment 9-32\u003c\/p\u003e \u003cp\u003eAnalytics in Action Capital Expenditure Trends 9-34\u003c\/p\u003e \u003cp\u003eAppendix 9A: Accounting for Contributions 9-35\u003c\/p\u003e \u003cp\u003e\u003cb\u003e10 Depreciation, Impairments, and Depletion\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e10.1 Depreciation—A Method of Cost Allocation 10-2\u003c\/p\u003e \u003cp\u003e10.2 Impairments 10-15\u003c\/p\u003e \u003cp\u003e10.3 Depletion 10-20\u003c\/p\u003e \u003cp\u003e10.4 Presentation and Decision Analysis 10-25\u003c\/p\u003e \u003cp\u003eAnalytics in Action A Better Way to Estimate 10-28\u003c\/p\u003e \u003cp\u003eAppendix 10A: Income Tax Depreciation 10-29\u003c\/p\u003e \u003cp\u003e\u003cb\u003e11 Intangible Assets\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e11.1 Intangible Asset Issues 11-2\u003c\/p\u003e \u003cp\u003e11.2 Types and Presentation of Intangible Assets 11-8\u003c\/p\u003e \u003cp\u003e11.3 Goodwill 11-17\u003c\/p\u003e \u003cp\u003eAnalytics in Action Goodwill Hunting? 11-21\u003c\/p\u003e \u003cp\u003e11.4 Research and Development Costs 11-25\u003c\/p\u003e \u003cp\u003e\u003cb\u003e12 Current Liabilities and Contingencies\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e12.1 Current Liabilities 12-2\u003c\/p\u003e \u003cp\u003e12.2 Unearned Revenues 12-14\u003c\/p\u003e \u003cp\u003e12.3 Contingencies 12-19\u003c\/p\u003e \u003cp\u003e12.4 Presentation and Decision Analysis 12-29\u003c\/p\u003e \u003cp\u003eAnalytics in Action Current Ratio Analysis Can Lead to Innovation 12-34\u003c\/p\u003e \u003cp\u003e\u003cb\u003e13 Long-Term Liabilities\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e13.1 Bonds Payable 13-2\u003c\/p\u003e \u003cp\u003e13.2 Extinguishment of Debt 13-17\u003c\/p\u003e \u003cp\u003e13.3 Long-Term Notes Payable 13-19\u003c\/p\u003e \u003cp\u003e13.4 Reporting and Analyzing Liabilities 13-28\u003c\/p\u003e \u003cp\u003eAnalytics in Action Helping to Put Debt into Perspective 13-34\u003c\/p\u003e \u003cp\u003eAppendix 13A: Troubled-Debt Restructuring 13-34\u003c\/p\u003e \u003cp\u003e\u003cb\u003e14 Stockholders’ Equity\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e14.1 Corporate Capital 14-2\u003c\/p\u003e \u003cp\u003e14.2 Reacquisition of Shares 14-17\u003c\/p\u003e \u003cp\u003e14.3 Dividend Policy 14-24\u003c\/p\u003e \u003cp\u003e14.4 Presentation and Decision Analysis of Stockholders’ Equity 14-36\u003c\/p\u003e \u003cp\u003eAnalytics in Action Track Those Ratios! 14-40\u003c\/p\u003e \u003cp\u003eAppendix 14A: Dividend Preferences and Book Value per Share 14-40\u003c\/p\u003e \u003cp\u003e\u003cb\u003e15 Dilutive Securities and Earnings per Share\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e15.1 Dilutive Securities 15-2\u003c\/p\u003e \u003cp\u003e15.2 Stock Warrants 15-7\u003c\/p\u003e \u003cp\u003e15.3 Stock Compensation Plans 15-11\u003c\/p\u003e \u003cp\u003e15.4 Basic Earnings per Share 15-23\u003c\/p\u003e \u003cp\u003e15.5 Diluted Earnings per Share 15-28\u003c\/p\u003e \u003cp\u003eAnalytics in Action Earnings per Share versus Net Income 15-37\u003c\/p\u003e \u003cp\u003eAppendix 15A: Accounting for Stock-Appreciation Rights 15-39\u003c\/p\u003e \u003cp\u003eAppendix 15B: Comprehensive Earnings per Share Example 15-42\u003c\/p\u003e \u003cp\u003e\u003cb\u003e16 Investments\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e16.1 Investments in Debt Securities 16-1\u003c\/p\u003e \u003cp\u003e16.2 Investments in Equity Securities 16-14\u003c\/p\u003e \u003cp\u003e16.4 Other Financial Reporting Issues 16-23\u003c\/p\u003e \u003cp\u003eAnalytics in Action Risky Retirement 16-33\u003c\/p\u003e \u003cp\u003eAppendix 16A: Accounting for Derivative Instruments 16-34\u003c\/p\u003e \u003cp\u003eAppendix 16B: Fair Value Disclosures 16-50\u003c\/p\u003e \u003cp\u003e\u003cb\u003e17 Revenue Recognition\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e17.1 Fundamentals of Revenue Recognition 17-2\u003c\/p\u003e \u003cp\u003e17.2 The Five-Step Process Revisited 17-6\u003c\/p\u003e \u003cp\u003e17.3 Accounting for Revenue Recognition Issues 17-21\u003c\/p\u003e \u003cp\u003eAnalytics in Action Are You Going to Keep That? 17-23\u003c\/p\u003e \u003cp\u003e17.4 Presentation and Disclosure 17-34\u003c\/p\u003e \u003cp\u003eAppendix 17A: Long-Term Construction Contracts 17-39\u003c\/p\u003e \u003cp\u003eAppendix 17B: Revenue Recognition for Franchises 17-51\u003c\/p\u003e \u003cp\u003e\u003cb\u003e18 Accounting for Income Taxes\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e18.1 Fundamentals of Accounting for Income Taxes 18-2\u003c\/p\u003e \u003cp\u003e18.2 Additional Considerations 18-15\u003c\/p\u003e \u003cp\u003e18.3 Accounting for Net Operating Losses 18-23\u003c\/p\u003e \u003cp\u003e18.4 Financial Statement Presentation 18-30\u003c\/p\u003e \u003cp\u003eAnalytics in Action Visualizing Taxes 18-36\u003c\/p\u003e \u003cp\u003eAppendix 18A: Comprehensive Example of Interperiod Tax Allocation 18-38\u003c\/p\u003e \u003cp\u003eAppendix 18B: Accounting for Net Operating Loss Carrybacks 18-44\u003c\/p\u003e \u003cp\u003e\u003cb\u003e19 Accounting for Pensions and Postretirement Benefits\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e19.1 Fundamentals of Pension Plan Accounting 19-2\u003c\/p\u003e \u003cp\u003e19.2 Using a Pension Worksheet 19-12\u003c\/p\u003e \u003cp\u003e19.3 Prior Service Cost (PSC) 19-16\u003c\/p\u003e \u003cp\u003e19.4 Gains and Losses 19-20\u003c\/p\u003e \u003cp\u003e19.5 Reporting Pension Plans in Financial Statements 19-29\u003c\/p\u003e \u003cp\u003eAnalytics in Action Pension De-Risking 19-37\u003c\/p\u003e \u003cp\u003eAppendix 19A: Accounting for Postretirement Benefits 19-39\u003c\/p\u003e \u003cp\u003e\u003cb\u003e20 Accounting for Leases\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e20.1 The Leasing Environment 20-2\u003c\/p\u003e \u003cp\u003e20.2 Accounting for Finance Leases 20-12\u003c\/p\u003e \u003cp\u003e20.3 Accounting for Operating Leases 20-22\u003c\/p\u003e \u003cp\u003e20.4 Special Lease Accounting Problems 20-29\u003c\/p\u003e \u003cp\u003eAppendix 20A: Sale-Leasebacks 20-41\u003c\/p\u003e \u003cp\u003eAppendix 20B: Direct Financing Lease (Lessor) 20-45\u003c\/p\u003e \u003cp\u003e\u003cb\u003e21 Accounting Changes and Error Analysis\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e21.1 Accounting Changes 21-1\u003c\/p\u003e \u003cp\u003e21.2 Other Accounting Changes 21-14\u003c\/p\u003e \u003cp\u003e21.3 Accounting Errors 21-18\u003c\/p\u003e \u003cp\u003e21.4 Error Analysis 21-25\u003c\/p\u003e \u003cp\u003eAppendix 21A: Changing from or to the Equity Method 21-36\u003c\/p\u003e \u003cp\u003e\u003cb\u003e22 Statement of Cash Flows\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e22.1 Overview of Statement of Cash Flows 22-2\u003c\/p\u003e \u003cp\u003e22.2 Preparing the Statement of Cash Flows 22-6\u003c\/p\u003e \u003cp\u003e22.3 Net Cash Flow from Operating Activities—Direct Method 22-19\u003c\/p\u003e \u003cp\u003e22.4 Special Problems in Statement Preparation 22-26\u003c\/p\u003e \u003cp\u003eAnalytics in Action Cash Flow Analysis 22-35\u003c\/p\u003e \u003cp\u003e22.5 Use of a Worksheet 22-37\u003c\/p\u003e \u003cp\u003e\u003cb\u003e23 Full Disclosure in Financial Reporting\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e23.1 Full Disclosure Principle 23-2\u003c\/p\u003e \u003cp\u003e23.2 Disclosure Issues 23-7\u003c\/p\u003e \u003cp\u003e23.3 Auditor’s and Management’s Reports 23-22\u003c\/p\u003e \u003cp\u003e23.4 Current Reporting Issues 23-29\u003c\/p\u003e \u003cp\u003eAppendix 23A: Basic Financial Statement Analysis 23-34\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAppendix A Private Company Accounting A-1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eA.1 The Private Company Council (PCC) A-1\u003c\/p\u003e \u003cp\u003eA.2 Private Company Alternatives for Intangible Assets and Goodwill A-2\u003c\/p\u003e \u003cp\u003eA.3 Summary A-6\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAppendix B Specimen Financial Statements: The Procter \u0026amp; Gamble Company B-1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAppendix C Specimen Financial Statements: The Coca-Cola Company C-1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAppendix D Specimen Financial Statements: PepsiCo, Inc. D-1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCompany Index\u003c\/p\u003e \u003cp\u003eSubject Index\u003c\/p\u003e \u003cp\u003eList of Accounts\u003c\/p\u003e \u003cp\u003e\u003cb\u003eDONALD E. KIESO,\u003c\/b\u003e PhD, CPA, received his bachelor's degree from Aurora University and his doctorate in accounting from the University of Illinois. He has served as chairman of the Department of Accountancy and is currently the KPMG Emeritus Professor of Accountancy at Northern Illinois University.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eJERRY J. WEYGANDT,\u003c\/b\u003e PhD, CPA, is the Arthur Andersen Alumni Emeritus Professor of Accounting at the University of Wisconsin—Madison. He holds a Ph.D. in accounting from the University of Illinois. Articles by Professor Weygandt have appeared in the \u003ci\u003eAccounting Review, Journal of Accounting Research, Accounting Horizons, Journal of Accountancy,\u003c\/i\u003e and other academic and professional journals.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eTERRY D. WARFIELD,\u003c\/b\u003e PhD, is the PwC Chair in Accounting at the University of Wisconsin—Madison. He received a B.S. and M.B.A. from Indiana University and a Ph.D. in accounting from the University of Iowa.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989444673765,"sku":"NP9781119790976","price":111.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781119790976.jpg?v=1761784124","url":"https:\/\/k12savings.com\/products\/intermediate-accounting-isbn-9781119790976","provider":"K12savings","version":"1.0","type":"link"}