Intermediate Accounting

Intermediate Accounting continues to be the gold standard when it comes to helping students connect the what, how, and why of accounting. Through strategic content updates and the integration of a clear, student friendly pedagogy, the 19th Edition offers a refreshed, modern approach designed to spark effective learning and inspire the next generation of accounting professionals. With this new edition, the authors have focused on enhancing the readability and accessibility of the text, while also ensuring the inclusion of cutting-edge topics. Conversations on ESG, Crypto assets, and emerging technologies like AI have been added to drive student engagement and increase the connection between concepts learned in class and their relevance to the industry today. To help students move beyond rote memorization and into a deeper understanding of course concepts, Intermediate Accounting integrates practice opportunities at the point of learning. The end of chapter materials feature a wealth of high-quality assessment questions as well, including brief exercises, exercises, analysis problems, short answer questions, and Multiple-choice questions. These problems are scaffolded in difficulty to better support student learning, and often involve the application of key concepts into real world scenarios. Students will also have the chance to 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 a deeper understanding of course material, while building confidence in their critical thinking and decision-making skills.

1. The Environment and Conceptual Framework of Financial Reporting 2. Accounting Information System 3. Income Statement and Revenue Recognition 4. Balance Sheet and Statement of Cash Flows 5. Time Value of Money 6. Cash and Accounts Receivable 7. Valuation of Inventories: A Cost-Basis Approach 8. Inventories: Additional Valuation Issues 9. Acquisition and Disposition of Property, Plant, and Equipment 10. Depreciation, Impairments, and Depletion 11. Intangible Assets 12. Current Liabilities and Contingencies 13. Long-Term Liabilities 14. Stockholders' Equity 15. Dilutive Securities and Earnings per Share 16. Investments 17. Revenue Recognition 18. Accounting for Income Taxes 19. Pensions 20. Leases 21. Accounting Changes and Error Analysis 22. Statement of Cash Flows 23. Full Disclosure Appendix A: Private Company Accounting Appendix B: Specimen Financial Statements Procter & Gamble Company Appendix C: Specimen Financial Statements The Coca-Cola Company Appendix D: Specimen Financial Statements PepsiCo, Inc. Appendix E: Accounting for Derivative Instruments Appendix F: Environmental, Social, and Governance Reporting Appendix G: Disaggregation of Income Statement Expenses *E-text only