Intermediate accounting

Included Index.

Financial accounting and reporting - an introduction and historical development; financial accounting and reporting - a theoretical structure; the accounting process - a review; the income statement and statement of retained earnings; the balance sheet (statement of financial position); the statement of cash flows; revenue recognition and income determination; cash, current receivables and liabilities, and contingencies; inventory valuation; inventory valuation - departures from historical cost and methods of estimating inventory cost; plant assets and intangibles; plant assets and intangibles - depreciation, depletion, amortization, and disposition; financial instruments - investments in equity securities; financial instruments - debt securities; leases; pensions and other post-retirement benefits; accounting for income taxes; stockholder's equity; accounting changes and error analysis; earnings per share; revisiting the statement of cash flows - additional disclosure topics. Appendix: concepts of present and future value.

Provides a balance of comprehensive, up-to-date technical coverage of accounting, with an emphasis on the conceptual and theoretical foundations. This text has been reorganized and rewritten by the authors to suit courses on the subject, offering an accessible presentation of all topics.