Intermediate Accounting

Front Cover
John Wiley & Sons, Mar 28, 2016 - Business & Economics - 1552 pages
This text is an unbound, binder-ready edition.

Kieso, Weygandt, and Warfield’s Intermediate Accounting, Sixteenth Edition continues to set the standard for students and professionals in the field. The 16th edition builds on this legacy through new, innovative student-focused learning. Kieso maintains the qualities for which the text is globally recognized, including its reputation for accuracy, comprehensiveness, accessibility, and quality problem material that best prepares students for success on the CPA exam and accounting careers. The 16th edition offers the most up-to-date coverage of US GAAP & IFRS in a format suited to the complex challenges of teaching intermediate accounting in these changing times.

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Contents

The Sixteenth Edition expands our emphasis on student learning and improves upon a teaching and learning package that
l
Financial Accounting and Accounting opening story on sources of companies earnings
li
Key Learning Features
liii
Financial Accounting and Accounting Standards
2
Conceptual Framework for Financial Reporting
36
The Accounting Information System
78
Adjusted Trial Balance
104
CONVERSION FROM CASH BASIS
115
Investments
898
INVESTMENTS IN EQUITY SECURITIES
908
Holdings of More Than 50
914
DEFINING DERIVATIVES
924
OTHER REPORTING ISSUES
934
CONTROVERSY AND CONCLUDING REMARKS
940
FASB CODIFICATION
965
Revenue Recognition
978

SUMMARY OF REVERSING ENTRIES
121
WORKSHEET
124
IFRS INSIGHTS
147
Income Statement and Related Information
152
INCOME STATEMENT
154
IFRS INSIGHTS
195
Balance Sheet and Statement of Cash Flows
200
Accounting and the Time Value of Money
266
Table of Contents
286
Cash and Receivables
324
PHYSICAL PROTECTION OF CASH BALANCES
355
FASB CODIFICATION
382
A CostBasis Approach
386
Conceptual Framework for Financial ed accordingly
388
Additional Valuation Issues
442
FLUCTUATING PRICESDOLLARVALUE
467
FASB CODIFICATION
493
Acquisition and Disposition of Property Plant and Equipment
502
Depreciation Impairments and Depletion
552
Balance Sheet and Statement of Cash Flows Generally updated for new design content and recent
554
MODIFIED ACCELERATED COST RECOVERY SYSTEM
577
FASB CODIFICATION
600
Intangible Assets
610
IFRS INSIGHTS
652
Current Liabilities and Contingencies
658
LongTerm Liabilities
718
SETTLEMENT OF DEBT
744
APPENDICES
766
FASB CODIFICATION
767
Stockholders Equity
774
BOOK VALUE PER SHARE
805
FASB CODIFICATION
826
Dilutive Securities and Earnings per Share
834
SARSSHAREBASED EQUITY AWARDS
864
APPENDIX A Private Company
888
FASB CODIFICATION
889
Revenue Recognition goodwill
980
ACCOUNTING FOR REVENUE RECOGNITION
996
Nonrefundable Upfront Fees
1006
LONGTERM CONSTRUCTION
1013
REVENUE RECOGNITION
1023
FASB CODIFICATION
1050
Accounting for Income Taxes
1052
Computing Deferred Income Taxes
1085
FASB CODIFICATION
1109
Accounting for Pensions and Postretirement Benefits
1116
USING A PENSION WORKSHEET
1126
What Do the Numbers Mean? Pension
1132
REPORTING PENSION PLANS IN FINANCIAL
1138
Special Issues
1144
DIFFERENCES BETWEEN PENSION BENEFITS
1149
ILLUSTRATIVE ACCOUNTING ENTRIES
1152
ACTUARIAL ASSUMPTIONS AND CONCEPTUAL
1157
FASB CODIFICATION
1179
Accounting for Leases
1194
Accounting Changes and Error Analysis
1266
CHANGE TO THE EQUITY METHOD
1300
FASB CODIFICATION
1325
Statement of Cash Flows
1330
IFRS INSIGHTS
1396
Full Disclosure in Financial Reporting
1402
CURRENT REPORTING ISSUES
1428
PERSPECTIVE ON FINANCIAL STATEMENT
1436
APPENDICES
1458
APPENDIX A Private Company Accounting
A-1
PRESENT VALUE OF ANORDINARY ANNUITY OF 1 TABLE Contains the amounts
A-4
A Private Company Accounting
B-1
The CocaCola Company
B-6
PepsiCo
D-1
Marks and Spencer plc
E-1
Index
I-1
Copyright

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About the author (2016)

Donald E. Kieso, PhD, CPA, received his bachelor's degree from Aurora University and his doctorate in accounting from the University of Illinois. He is currently the KPMG Peat Marwick Emeritus Professor of Accounting at Northern Illinois University. He has public accounting experience with Price Waterhouse & Co. (San Francisco and Chicago) and Arthur Andersen & Co. (Chicago) and research experience with the Research Division of the American Institute of Certified Public Accountants (New York). He has done post doctorate work as a Visiting Scholar at the University of California at Berkeley and is a recipient of NIU's Teaching Excellence Award and four Golden Apple Teaching Awards. Professor Kieso is the author of other accounting and business books and is a member of the American Accounting Association, the American Institute of Certified Public Accountants, and the Illinois CPA Society. He is currently serving on the Board of Trustees and Executive Committee of Aurora University, as a member of the Board of Directors of Castle BancGroup Inc., and as Treasurer and Director of Valley West Community Hospital.

Jerry J. Weygandt, PhD, CPA, is Arthur Andersen Alumni 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 Accounting Review, Journal of Accounting Research, Accounting Horizons, Journal of Accountancy, and other academic and professional journals. These articles have examined such financial reporting issues as accounting for price-level adjustments, pensions, convertible securities, stock option contracts, and interim reports. Professor Weygandt is author of other accounting and financial reporting books and is a member of the American Accounting Association, the American Institute of Certified Public Accountants, and the Wisconsin Society of Certified Public Accountants. He has served on numerous committees of the American Accounting Association and as a member of the editorial board of the Accounting Review; he also has served as President and Secretary-Treasurer of the American Accounting Association. He is the recipient of the Wisconsin Institute of CPAs Outstanding Educator's Award and the Lifetime Achievement Award. In 2001 he received the American Accounting Association's Outstanding Accounting Educator Award.

Terry D. Warfield, Ph.D. is associate professor of 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. Professor Warfield's area of expertise is financial reporting, and prior to his academic career, he worked for five years in the banking industry. He served as the Academic Accounting Fellow in the Office of the Chief Accountant at the U.S. Securities and Exchange commission in Washington, D.C. from 1995-1996). Professor Warfield's primary research interests concern financial accounting standards and disclosure policies. He has published scholarly articles in the Accounting Review, Journal of Accounting and Economics, Research in Accounting Regulation, and Accounting Horizons, and he has served on the editorial boards of the Accounting Review, Accounting Horizons, and Issues in Accenting Education. He has served as president of the Financial Accounting and Reporting Section, the Financial Accounting Standards Committee of the American Accounting Association (Chair 1995-1996), and on the AAA-FASB Research Conference Committee. Professor Warfield has received teaching awards at both the University of Iowa and the University of Wisconsin, and he was named to the teaching Academy at the University of Wisconsin in 1995. Professor Warfield has developed and published several case studies based on his research for use in accounting classes. Theses cases have been selected for the AICPA Professor-Practitioner Case Development Program and have been published in Issues in Accounting Education.

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