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Intermediate Financial Accounting, 18th Edition

Intermediate Financial Accounting, 18th Edition

Author: James D. Stice; Earl K. Stice
ISBN: 9780538479721
Published In: May 2011
Format: Paperback , 1632 pages
Jurisdiction: International ? Disclaimer:
Countri(es) stated herein are used as reference only

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Contents
Author

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This intermediate accounting text links accounting principles to the central activities of a business. A user/decision-making approach combined with the necessary coverage of GAAP and IFRS prepares students to understand accounting in terms of the activities of a business, which reflects the broadening definition of accounting today. With this edition's focus on codification, it will equip students with all that is the modern accounting environment.

The text's efficient format does not overwhelm students, and its accessible style provides an alternative to more encyclopedic, reference-book approaches. The book offers a blend of the core concepts of accounting principles with procedural applications. This approach is supplemented with the most expansive set of end-of-chapter material on the market, a thorough integration of today's hot topics (the only intermediate text with an entire chapter on earnings management), and a robust selection of student and instructor print and technology resources.

Features:

Opening Scenario Questions: Critical-thinking questions follow each company chapter opener, with solutions provided at the end of the chapter so that students can check their answers as they think about how they would respond to accounting-related issues that businesses face.
How and Why Framework: Following each learning objective, the authors provide additional reinforcement of the critical concepts by highlighting the procedural aspects (the "how") as well as the context (or "why") to which the concepts are applied. As students move through the chapter, they gain a greater understanding of both elements and can rationalize why businesses account for things the way they do. To further stress and show this framework as students read the chapter, relevant narrative is flagged by a design element to denote the "why."
Statement of Cash Flows "Revisited" Chapter: Chapter 21 accommodates instructors who like extensive or additional coverage of the statement of cash flows in the second semester of the course. Note that the full chapter available in previous editions early in the text is still there (Chapter 5), which provides maximum coverage and flexibility of this important statement for instructors who vary in how and when they prefer to cover this topic.
Cumulative Spreadsheet Assignment: Found in the case section and featured at the end of Chapters 2 through 22, the cumulative spreadsheet assignment allows students to demonstrate and reinforce their understanding of the chapter topics by creating a spreadsheet that allows numerous variables to be modified and their effects to be monitored.
Comprehensive Coverage in a Streamlined Format: The more important the topic, the greater detail in which it is covered. The authors have strived to spend more time discussing the most important topics of each chapter and to avoid excess verbiage on issues that are less important.
Caution and FYI Boxes: Found throughout each chapter, these boxed features frequently emphasize additional points of interest or provide crucial cautions.
AECC Recommended Skills: This text''s excellent end-of-chapter materials include a newly streamlined case section that emphasizes critical thinking, communication, and teamwork skills important for success on the CPA exam. In addition to an extensive selection of discussion questions, practice exercises, exercises, and problems, the case activities are written to satisfy the skills-based curriculum endorsed by the AICPA''s Core Competency Framework.

New to this Edition:

The text has been updated to reflect the latest changes in accounting standards, practices, and techniques. The information about real-life companies has been revised to account for recent changes in financial statements and other company reports.
Updated International Accounting Coverage: As the business workplace becomes more global, students need to understand how accounting practices may differ depending on the countries involved in a transaction. Nearly every chapter includes updated coverage of this topic, and relevant sections that discuss international standards are flagged in the margin with an IFRS icon.
A new FASB Codification feature has been added to each chapter, designed to help students understand how to use the FASB''s new codification research. The feature provides an ethical issue for students to discuss and analyze using FASB standards, with the answer provided at the end of the chapter.
Additional coverage of fair value accounting has been added in Part 1 to follow Time Value of Money Review.

1. Financial Reporting.

2. A Review of the Accounting Cycle.

3. The Balance Sheet and Notes to the Financial Statements.

4. The Income Statement.

5. Statement of Cash Flows and Articulation.

6. Earnings Management.

Module: Time Value of Money Review.

Module: Fair Value.

7. The Revenue/Receivables/Cash Cycle.

8. Revenue Recognition.

9. Inventory and Cost of Goods Sold.

10. Investments in Noncurrent Operating Assets--Acquisition.

11. Investments in Noncurrent Operating Assets--Utilization and Retirement.

12. Debt Financing.

13. Equity Financing.

14. Investments in Debt and Equity Securities.

15. Leases.

16. Income Taxes.

17. Employee Compensation--Payroll, Pensions, and Other Compensation Issues.

18. Earnings per Share.

19. Derivatives, Contingencies, Business Segments, and Interim Reports.

20. Accounting Changes and Error Corrections.

21. Statement of Cash Flows Revisited.

22. Accounting in a Global Market.

23. Analysis of Financial Statements.

Appendix: Index of References to APB and FASB Pronouncements.

Check Figures.

Glossary.

Subject Index.

Company Index.

James D. Stice

James D. Stice is the Distinguished Teaching Professor in the Marriott School of Management at Brigham Young University. He is currently Associate Dean of the Marriott School. Dr. Stice served for eight years as the director of BYU's MBA Program. He holds bachelor's and master's degrees in accounting from BYU and a PhD in accounting from the University of Washington. Professor Stice has been on the faculty at BYU since 1988. During that time, he has been selected by graduating accounting students as "Teacher of the Year" on numerous occasions; he was selected by his peers in the Marriott School at BYU to receive the "Outstanding Teaching Award" and he was selected by the University to receive its highest teaching award, the Maeser Excellence in Teaching Award. Professors Stice has taught in academic and executive education programs in the United States, Europe, South Africa and China for such companies as IBM, Bank of America, and Ernst & Young. Professor Stice has published articles in JOURNAL OF ACCOUNTING RESEARCH, THE ACCOUNTING REVIEW, DECISION SCIENCES, ISSUES IN ACCOUNTING EDUCATION, THE CPA JOURNAL, and other academic and professional journals and has written several accounting textbooks. In addition to his teaching and research, he currently serves on the board of directors of Nutraceutical Corporation. Dr. Stice and his wife, Kaye, have seven children and eight grandchildren.

Earl K. Stice

Earl K. Stice is the PricewaterhouseCoopers Professor of Accounting in the School of Accountancy at Brigham Young University, where he has been on the faculty since 1998. He holds bachelor's and master's degrees from Brigham Young University and a PhD from Cornell University. Dr. Stice has taught at Rice University, the University of Arizona, Cornell University, and the Hong Kong University of Science and Technology (HKUST). He won the Phi Beta Kappa teaching award at Rice University, was twice selected as one of the ten best lecturers on campus at HKUST, and has won the Marriott School Teaching Award at BYU. Dr. Stice also has taught in a variety of executive education and corporate training programs in the United States, Hong Kong, China, Malaysia, and South Africa, and he has been on the executive MBA faculty of the China Europe International Business School in Shanghai, HKUST, the University of Illinois, and INSEAD (in Singapore). He has published papers in the JOURNAL OF FINANCIAL AND QUANTITATIVE ANALYSIS, THE ACCOUNTING REVIEW, REVIEW OF ACCOUNTING STUDIES, JOURNAL OF BUSINESS, FINANCE, AND ACCOUNTING, and ISSUES IN ACCOUNTING EDUCATION. Dr. Stice has presented his research results at seminars in the United States, Finland, Taiwan, Australia, and Hong Kong. He has coauthored several accounting texts including INTERMEDIATE ACCOUNTING, 17TH EDITION. Dr. Stice and his wife, Ramona, have seven children -- Derrald, Han, Ryan Marie, Lorien, Lily, Taraz, and Kamila – and one adorable granddaughter.