The bestselling book on intermediate accounting, Kieso is an excellent reference for practicing accountants and an invaluable resource for anyone entering the field. It integrates FARS/Codification exercises, cases, and simulations into the chapters. This introduces readers to the codification project. They?ll 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. New and existing content is arranged in a way to offer accountants a chance to review key concepts.



This textbook is the market leader in providing the tools needed to understand what GAAP is and how it is applied in practice. Mastery of this material will be invaluable to you in whatever field you select.

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. Here are three areas of major importantce that are now incorporated extensively into this edition of the text.



Table of Contents:



Chapter 1. Accounting Standards and Financial Reporting

Chapter 2. Concepts underlying financial accounting

Chapter 3. Understanding the accounting information system

Chapter 4. Examining the income statement

Chapter 5. Examining the balance sheet and statement of cash flows

Chapter 6. Present value concepts and measurement

Chapter 7. Understanding cash and receivables

Chapter 8. Accounting and reporting for inventory : The basics

Chapter 9. Inventories : Valuation and estimation concepts

Chapter 10. Property, plant, and equipment : acquisition and disposition

Chapter 11. Property, Plant, and equipment : Cost allocation and impairment

Chapter 12. Concepts and reporting issues of intangible assets

Chapter 13. Accounting and reporting of current and contingent liabilities

Chapter 14. Accounting and reporting of long-term liabilities

Chapter 15. Accounting and reporting of stockholders` equity

Chapter 16. Accounting for potential equity securities and EPS reporting

Chapter 17. Debt and equity investment

Chapter 18. Recognizing revenue

Chapter 19. Accounting and reporting income taxes

Chapter 20. Accounting for pensions and other postretirement benefits

Chapter 21. Leasing : accounting issues

Chapter 22. Reporting accounting changes and error analysis

Chapter 23. Cash flow reporting

Chapter 24. Full disclosure : concepts and practices