Intermediate accounting, 12th ed., 2007 FASB update

Reference & Research Book News, August, 2008

Intermediate accounting, 12th ed., 2007 FASB update.

Kieso, Donald E. et al.

John Wiley & Sons

2008

1361 pages

$188.95

Hardcover

HF5635

Kieso (accounting, U. of Illinois) and coauthors (both accounting, U. of Wisconsin-Madison) presents the first update to this substantial text for advanced undergraduates and above since congress passed the Sarbanes-Oxley Act on accounting oversight, which informs changes in the chapters on accounting standards and disclosure requirements. The 2007 standards of the Financial Accounting Standards Board are also incorporated. Each of the 24 chapters has a number of problems, exercises, and review questions, and most have at least one appendix comprising cases for additional study. Chapter topics include: the conceptual framework underlying financial accounting, the accounting information system, income statement and related information, the time value of money, cash and receivables, valuation of inventories, lon-term liabilities, stockholders' equity, revenue recognition, accounting for income taxes and pensions, leases, error analysis, and statement of cash flows.

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