Intermediate Accounting / The FASB Accounting Standards Codification - Softcover

Wahlen, James M.; Jones, Jefferson P.; Pagach, Donald P.

Softcover

ISBN 10: 1111972125 ISBN 13: 9781111972127

Publisher: South-Western Pub, 2012

Synopsis

Wahlen/Jones/Pagach's Intermediate Accounting provides the context you need to understand accounting's unique value to an organization. Wahlen's approachable writing style infuses this context through the use of a Starbucks running thread case, and with other recognizable companies like Coca Cola, Louis Vuitton, and Nestle. Recognizing that the world of accounting is changing rapidly, Wahlen provides currency and flexibility in its discussions of IFRS, Codification, and pending FASB changes, while also providing concrete ways for you to apply these concepts. Wahlen offers the breadth and depth of coverage you need while making Intermediate Accounting accessible.

About this title

Review

Part I: FINANCIAL REPORTING & STATEMENTS: OBJECTIVES, CONCEPTS, & ANALYSIS. 1. The Demand for and Supply of Financial Accounting Information. 2. Financial Reporting: Its Conceptual Framework. 3. Review of a Company's Accounting System. 4. The Balance Sheet and the Statement of Changes in Shareholders' Equity. 5. The Income Statement and the Statement of Cash Flows. Time Value of Money Module. Part II: BUSINESS OPERATING ACTIVITIES. 6. Cash & Receivables. 7. Inventories: Cost Measurement and Flow Assumptions. 8. Inventories: Special Valuation Issues. 9. Current Liabilities and Contingent Obligations. Part III: INVESTING ACTIVITIES. 10. Prpoerty, Plant, and Equipment: Acquisition and Subsequent Investments. 11. Depreciation, Depletion, Impairment, and Disposal. 12. Intangibles. 13. Investments & Long-Term Receivables. Part IV: FINANCING ACTIVITIES. 14. Financing Liabilities: Bonds and Long-Term Notes Payable. 15. Contributed Capital. 16. Retained Earnings and Earnings Per Share. Part V: SPECIAL TOPICS IN FINANCIAL REPORTING. 17. Advanced Issues in Revenue Recognition. 18. Accounting for Income Taxes. 19. Accounting for Post-Retirement Benefits. 20. Accounting for Leases. 21. The Statement of Cash Flows. 22. Accounting for Changes and Errors. Appendix A. Starbucks Financial Statements (full report). Appendix B. List of the Official Pronouncements of the AICPA and FASB. Appendix C. List of the Official Pronouncements of the IASB. Appendix D. Brief Guide to Key Differences Between IFRS and GAAP by Chapter.

About the Author

James M. Wahlen, Ph.D. is the James R. Hodge Chair, Professor of Accounting, Chair of the Accounting Department and the former Chairman of the MBA Program at the Kelley School of Business at Indiana University. He received his Ph.D. from the University of Michigan and has served on the faculties of the University of Chicago, University of North Carolina at Chapel Hill, INSEAD, the University of Washington, and Pacific Lutheran University. Dr. Wahlen’s teaching and research interests focus on financial accounting, financial statement analysis, and the capital markets. His research investigates earnings quality and earnings management, earnings volatility as an indicator of risk, fair value accounting for financial instruments, accounting for loss reserve estimates by banks and insurers, stock market efficiency with respect to accounting information, and testing the extent to which future stock returns can be predicted with earnings and other financial statement information. His research has been published in a wide array of academic and practitioner journals in accounting and finance. He has had public accounting experience in both Milwaukee and Seattle and is a member of the American Accounting Association. He has received numerous teaching awards during his career. In his free time Dr. Wahlen loves spending time with his wife and daughters; spoiling his incredibly adorable granddaughter, Ailsa; outdoor sports (biking, hiking, skiing, golf); cooking (and, of course, eating); and listening to rock music (especially if it is loud and live).

Edition details

• Publisher: South-Western Pub
• Publication date: 2012
• Language: English
• ISBN 10: 1111972125
• ISBN 13: 9781111972127
• Binding: Paperback