Top
This is the unbound, loose-leaf version of Intermediate Accounting, 17th Edition, Volume 1. This book is written by industry thought leaders, Kieso, Weygandt, and Warfield and is developed around one simple proposition: create great accountants. Upholding industry standards, this edition incorporates new data analytics content and up-to-date coverage of leases, revenue recognition, financial instruments, and US GAAP & IFRS. While maintaining its reputation for accuracy, comprehensiveness, and accessibility, Intermediate Accounting drives results by helping students build professional competencies through reliable problem material.
1 Financial Accounting and Accounting Standards 1-1
Exciting Times 1-2
Financial Reporting Environment 1-3
Parties Involved in Standard-Setting 1-7
Generally Accepted Accounting Principles 1-12
Major Challenges in Financial Reporting 1-14
FAS B Codification and Exercises 1-28
IFRS Insights 1-28
2 Conceptual Framework for Financial Reporting 2-1
What is It? 2-1
Conceptual Framework 2-3
Fundamental Concepts 2-6
Assumptions 2-14
Measurement, Recognition, and Disclosure Concepts 2-16
FAS B Codification and Exercises 2-37
IFRS Insights 2-38
3 The Accounting Information System 3-1
Needed: A Reliable Information System 3-2
Accounting Information System 3-3
Record and Summarize Basic Transactions 3-9
Adjusting Entries 3-19
Preparing Financial Statements 3-30
Financial Statements for a Merchandising Company 3-35
Appendix 3A: Cash-Basis Accounting versus Accrual-Basis Accounting 3-38
Conversion from Cash Basis to Accrual Basis 3-40
Theoretical Weaknesses of the Cash Basis 3-43
Appendix 3B: Using Reversing Entries 3-43
Illustration of Reversing Entries—Accruals 3-43
Illustration of Reversing Entries—Deferrals 3-44
Summary of Reversing Entries 3-45
Appendix 3C: Using a Worksheet: The Accounting Cycle Revisited 3-46
Worksheet Columns 3-46
Adjustments Entered on the Worksheet 3-48
Preparing Financial Statements from a Worksheet 3-49
Analytics in Action 3-73
FAS B Codification and Exercises 3-73
IFRS Insights 3-73
4 Income Statement and Related Information 4-1
Financial Statements Are Changing 4-2
Income Statement 4-3
Content and Format of the Income Statement 4-6
Reporting Various Income Items 4-11
Accounting Changes and Errors 4-18
Related Stockholders’ Equity Statements 4-21
FAS B Codification and Exercises 4-42
IFRS Insights 4-43
5 Balance Sheet and Statement of Cash Flows 5-1
Hey, It Doesn’t Balance! 5-1
Balance Sheet 5-3
Preparation of the Balance Sheet 5-15
Statement of Cash Flows 5-16
Additional Information 5-24
Appendix 5A: Ratio Analysis—A Reference 5-30
Using Ratios to Analyze Performance 5-30
Analytics in Action 5-57
FAS B Codification and Exercises 5-58
IFRS Insights 5-58
6 Accounting and the Time Value of Money 6-1
How Do I Measure That? 6-1
Basic Time Value Concepts 6-3
Single-Sum Problems 6-8
Annuities (Future Value) 6-13
Annuities (Present Value) 6-20
Other Time Value of Money Issues 6-24
Analytics in Action 6-45
FAS B Codification and Exercises 6-45
7 Cash and Receivables 7-1
Is Your Cash Trapped? 7-1
Cash 7-3
Receivables 7-7
Valuation of Accounts Receivable 7-11
Notes Receivable 7-17
Other Issues 7-21
Appendix 7A: Cash Controls 7-30
Using Bank Accounts 7-31
The Imprest Petty Cash System 7-31
Physical Protection of Cash Balances 7-32
Reconciliation of Bank Balances 7-33
Appendix 7B: Collectibility Assessment Based on Expected Cash Flows 7-35
Measurement of Collectibility 7-36
Analytics in Action 7-62
FAS B Codification and Exercises 7-62
IFRS Insights 7-63
8 Valuation of Inventories: A Cost-Basis Approach 8-1
To Switch or Not to Switch 8-2
Inventory Issues 8-3
Goods and Costs Included in Inventory 8-7
Which Cost Flow Assumption to Adopt? 8-12
Special Issues Related to LIFO 8-16
Effect of Inventory Errors 8-29
FAS B Codification and Exercises 8-56
9 Inventories: Additional Valuation Issues 9-1
Not What It Seems to Be 9-2
Lower-of-Cost-or-Net Realizable Value 9-3
Lower-of-Cost-or-Market 9-7
Other Valuation Approaches 9-11
The Gross Profit Method of Estimating Inventory 9-15
Retail Inventory Method 9-18
Presentation and Analysis 9-24
Appendix 9A: LIFO Retail Methods 9-26
Stable Prices—LIFO Retail Method 9-26
Fluctuating Prices—Dollar-Value LIFO Retail Method 9-27
Subsequent Adjustments Under Dollar-Value LIFO Retail 9-29
Changing from Conventional Retail to LIFO 9-29
Analytics in Action 9-53
FAS B Codification and Exercises 9-53
IFRS Insights 9-54
10 Acquisition and Disposition of Property, Plant, and Equipment 10-1
Watch Your Spending 10-2
Property, Plant, and Equipment 10-3
Interest Costs During Construction 10-6
Valuation of Property, Plant, and Equipment 10-12
Costs Subsequent to Acquisition 10-20
Disposition of Property, Plant, and Equipment 10-24
Appendix 10A: Accounting for Contributions 10-25
Conditional Contribution 10-26
Unconditional Contribution 10-27
Exchange Transactions 10-27
FAS B Codification and Exercises 10-52
11 Depreciation, Impairments, and Depletion 11-1
Here Come the Write-Offs 11-2
Depreciation—A Method of Cost Allocation 11-3
Special Depreciation Methods and Other Issues 11-9
Impairments 11-14
Depletion 11-17
Presentation and Analysis 11-22
Appendix 11A: Income Tax Depreciation 11-25
Modified Accelerated Cost Recovery System 11-25
Optional Straight-Line Method 11-27
Tax versus Book Depreciation 11-27
Analytics in Action 11-49
FAS B Codification and Exercises 11-49
IFRS Insights 11-50
12 Intangible Assets 12-1
Is This Sustainable? 12-1
Intangible Asset Issues 12-3
Types of Intangible Assets 12-6
Impairment and Presentation of Intangible Assets 12-14
Research and Development Costs 12-19
Analytics in Action 12-42
FAS B Codification and Exercises 12-42
IFRS Insights 12-43
13 Current Liabilities and Contingencies 13-1
Now You See It, Now You Don’t 13-2
Current Liabilities 13-3
Short-Term Obligations Expected to Be Refinanced 13-15
Contingencies 13-17
Presentation and Analysis 13-28
Analytics in Action 13-53
FAS B Codification and Exercises 13-53
IFRS Insights 13-54
14 Long-Term Liabilities 14-1
Going Long 14-1
Bonds Payable 14-3
Extinguishment of Debt 14-13
Long-Term Notes Payable 14-14
Reporting and Analyzing Liabilities 14-20
Appendix 14A: Troubled-Debt Restructuring 14-26
Settlement of Debt 14-27
Modification of Terms 14-28
Concluding Remarks 14-33
FAS B Codification and Exercises 14-51
IFRS Insights 14-52
Appendix A Private Company Accounting A-1
The Private Company Council (PCC) A-1
Private Company Alternatives for Intangible Assets and Goodwill A-2
Summary A-6
Appendix B Specimen Financial Statements: The Procter & Gamble Company B-1
Appendix C Specimen Financial Statements: The Coca-Cola Company C-1
Appendix D Specimen Financial Statements: PepsiCo, Inc. D-1
Appendix E Specimen Financial Statements: Marks and Spencer plc E-1
Index I-1
The New copy of this book will include any supplemental materials advertised. Please check the title of the book to determine if it should include any access cards, study guides, lab manuals, CDs, etc.
The Used, Rental and eBook copies of this book are not guaranteed to include any supplemental materials. Typically, only the book itself is included. This is true even if the title states it includes any access cards, study guides, lab manuals, CDs, etc.
Need Help? Copyright © 1999-2026
