Now readers can get all the accuracy and authority of the best-selling intermediate accounting book in the new second edition of this brief, streamlined version! Fundamentals of Intermediate Accounting presents a balanced discussion of concepts and applications, explaining the rationale behind business transactions before addressing the accounting and reporting for those activities. Readers will gain a solid foundation in such areas as the standard-setting process, the three major financial statements, revenue recognition, income taxes, reporting disclosure issues, and much more.
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Terry D. Warfield, Ph.D. is associate professor ofaccounting at the University of Wisconsin-Madison. He received aB.S. and M.B.A from Indiana University and a Ph.D. in accountingfrom the University of Iowa. Professor Warfield's area of expertiseis financial reporting, and prior to his academic career, he workedfor five years in the banking industry. He served as the AcademicAccounting Fellow in the Office of the Chief Accountant at the U.S.Securities and Exchange commission in Washington, D.C. from1995-1996). Professor Warfield's primary research interests concernfinancial accounting standards and disclosure policies. He haspublished scholarly articles in the Accounting Review, Journal ofAccounting and Economics, Research in Accounting Regulation, andAccounting Horizons, and he has served on the editorial boards ofthe Accounting Review, Accounting Horizons, and Issues in AccentingEducation. He has served as president of the Financial Accountingand Reporting Section, the Financial Accounting Standards Committeeof the American Accounting Association (Chair 1995-1996), and onthe AAA-FASB Research Conference Committee. Professor Warfield hasreceived teaching awards at both the University of Iowa and theUniversity of Wisconsin, and he was named to the teaching Academyat the University of Wisconsin in 1995. Professor Warfield hasdeveloped and published several case studies based on his researchfor use in accounting classes. Theses cases have been selected forthe AICPA Professor-Practitioner Case Development Program and havebeen published in Issues in Accounting Education.
Jerry J. Weygandt, PhD, CPA, is Arthur Andersen AlumniProfessor of Accounting at the University of Wisconsin-Madison. Hehas a Ph.D. from the Univ. of Illinois. His articles have appearedin the Accounting Review, Journal of Accounting Research,Accounting Horizons, Journal of Accountancy, and other academic andprofessional journals. Professor Weygandt is author of otheraccounting and financial reporting books and is a member of theAmerican Accounting Association, the American Institute ofCertified Public Accountants, and the Wisconsin Society ofCertified Public Accountants. He is the recipient of the WisconsinInstitute of CPAs Outstanding Educator’s Award and theLifetime Achievement Award. In 2001 he received the AmericanAccounting Association’s Outstanding Accounting EducatorAward.
Donald E. Kieso, PhD, CPA, received his bachelor’sdegree from Aurora University and his Ph.D. from the University ofIllinois. He has served as chairman of the Department ofAccountancy and is currently KPMG Emeritus Professor of Accountancyat Northern Illinois University. He has public accountingexperience with Price Waterhouse & Co. (San Francisco andChicago) and Arthur Andersen & Co. (Chicago) and researchexperience with the Research Division of the American Institute ofCertified Public Accountants (NY). He has done postdoctorate workas a Visiting Scholar at the University of California at Berkeleyand is a recipient of NIU’s Teaching Excellence Award andfour Golden Apple teaching Awards. Professor Kieso is the author ofnumerous other accounting and business books and is a member of theAmerican Accounting Association, the American Institute ofCertified Public Accountants, and the Illinois CPA Society.
Conceptual understanding requires a solid foundation
Over thirty years and twelve bestselling editions, Kieso,Weygandt, and Warfield’s Intermediate Accounting hasbuilt a reputation for accuracy, comprehensiveness, and studentsuccess. An evolution of this standard-bearer can be found inIntermediate Accounting: Principles and Analysis, SecondEdition. It enables you not just to grasp the concepts andmethods of financial accounting, but then to apply them in variousdecision-making contexts.
Balancing discussions of concepts with applications, the texthelps you build on that solid foundation in such areas as thestandard-setting process, the three major financial statements,revenue recognition, income taxes, reporting disclosure issues, andmuch more. Best of all, an array of special features ensure yourmastery of the material, encouraging you to:
Clear, thorough, and up to date, Intermediate Accounting:Principles and Analysis provides a thorough grounding inprinciples and concepts that will serve as important cornerstonesfor decision making throughout your accounting or financialcareer.
Conceptual understanding requires a solid foundation
Over thirty years and twelve bestselling editions, Kieso, Weygandt, and Warfield's Intermediate Accounting has built a reputation for accuracy, comprehensiveness, and student success. An evolution of this standard-bearer can be found in Intermediate Accounting: Principles and Analysis, Second Edition. It enables you not just to grasp the concepts and methods of financial accounting, but then to apply them in various decision-making contexts.
Balancing discussions of concepts with applications, the text helps you build on that solid foundation in such areas as the standard-setting process, the three major financial statements, revenue recognition, income taxes, reporting disclosure issues, and much more. Best of all, an array of special features ensure your mastery of the material, encouraging you to:
* Pinpoint the principle behind the topic with "What's the Principle?"
* Appreciate the converging nature of US GAAP and IFRS through the Convergence Corner features in each chapter.
* Apply your accounting knowledge while expanding your competencies in analysis and decision-making context with "Accounting in Action" problems.
* Full chapters on revenue recognition and the statement of cash flows can be found in this revised edition.
* See how real companies deal with accounting issues in "What Do the Numbers Mean?"
* Gain International Insights with special notes regarding accounting practices in other countries.
Clear, thorough, and up to date, Intermediate Accounting: Principles and Analysis provides a thorough grounding in principles and concepts that will serve as important cornerstones for decision making throughout your accounting or financial career.
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