Intermediate Accounting with Annual Report

7th Edition

By J. David Spiceland , James Sepe , Mark Nelson

Publication Date: Mar 9, 2012

ISBN:0077614046 / 9780077614041

Language: English

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Imprint: McGraw-Hill/Irwin Publisher: McGraw-Hill Education Dimensions: 11.2 X 8.8 Inches (US)

Summary
Table of Contents

Main Description

Financial accounting is undergoing a period of unprecedented change. The FASB and IASB have been working together to issue converged accounting standards that will dramatically change key reporting areas, and more generally have sought to converge accounting standards over time. In late 2011, the SEC will announce its decision on whether large public companies in the U.S. will be able to choose whether to report under U.S. GAAP or IFRS or if all companies are anticipated to be reporting under IFRS in the near future. So, while there currently is considerable overlap between U.S. GAAP and IFRS, and that overlap is increasing as convergence continues, important differences remain.

To help instructors deal with the challenging environment, the Spiceland team is committed to providing current, comprehensive and clear coverage of intermediate accounting. The 7th edition reflects this commitment with the following innovations.

1. Environment and Theoretical Structure of Financial Accounting

2. Review of the Accounting Process

Intermediate Accounting with Annual Report

1. Environment and Theoretical Structure of Financial Accounting

2. Review of the Accounting Process

3. The Balance Sheet and Financial Disclosures

4. The Income Statement and Statement of Cash Flows

5. Income Measurement and Profitability Analysis

6. Time Value of Money Concepts

7. Cash and Receivables

8. Inventories: Measurement

9. Inventories: Additional Issues

10. Property, Plant, and Equipment and Intangible Assets: Acquisition and Disposition

11. Property, Plant, and Equipment and Intangible Assets: Utilization and Impairment

12. Investments

13. Current Liabilities and Contingencies

14. Bonds and Long-Term Notes

15. Leases

16. Accounting for Income Taxes

17. Pensions and Other Postretirement Benefits

18. Shareholders’ Equity

19. Share-Based Compensation and Earnings per Share

20. Accounting Changes and Error Corrections

21. Statement of Cash Flows Revisited

Appendix A: Derivatives

Appendix B: Dell Annual Report

Appendix C: IFRS Comprehensive Case