Intermediate Accounting, Volume 1
John Wiley & Sons, Mar 15, 2011 - Business & Economics - 888 pages
The bestselling book on intermediate accounting, Kieso is an excellent reference for practicing accountants and an invaluable resource for anyone entering the field. They learn how to leverage everyday accounting programs like Excel, GLS, and other computerized accounting software giving them a strong background in the tools needed in the accounting profession. Intermediate Accounting 14th edition is the market leader in providing the tools needed to understand what GAAP is and how it is applied in practice. Through many editions, this textbook has continued to reflect the constant changes taking place in the GAAP environment. This edition continues this tradition, which has become even more significant as the financial reporting environment is exploding with major change. There are three areas of major importance that are now incorporated extensively into the text: New way of looking at GAAP, Convergence of U.S. GAAP and IFRS, and Fair Value Movement. The core of Kiesos value statement continues to be authoritativeness and preparation for the profession (CPA exam).
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accepted accounting principles accounting principles accumulated depreciation AICPA allocation amortization Assume balance sheet book value building capital carrying amount carrying value cash flows charge commercial substance company’s component comprehensive income Compute construction Corporation current liabilities debt December 31 depreciation expense depreciation methods determine development costs disclosure discontinued operations dividends entry to record equipment equity estimated example exchange expenditures extraordinary item fair value FASB ASC FASB Codification Financial Accounting Standards financial reporting financial statements future GAAP goodwill IASB IFRS ILLUSTRATION impairment loss income statement income tax Instructions intangible assets interest cost International inventory investors issues January journal entry land LEARNING OBJECTIVE long-term machine machinery notes payable obligation patent PepsiCo period plant assets Predecessor literature Prepare the journal present purchased ratio recognize research and development result retained earnings salvage value sells short-term sold Statement of Financial transactions YellowCard