Keeping its finger on the pulse of the profession, the new twelfth edition update of this bestselling book effectively prepares readers for their accounting futures. They'll find the latest information in the field, including Sarbanes-Oxley Act legislation as well as proven tips for passing the computerized CPA exam. Reflecting the demands for entry-level accountants, the focus of this book is on fostering critical thinking skills, reducing emphasis on memorization and encouraging more analysis and interpretation by requiring use of technology tools, spreadsheets and databases. It integrates numerous examples from real corporations throughout the chapters to clearly demonstrate how accounting principles and techniques are applied in practice.
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Book Description
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Editorial Reviews
From the Back Cover
99% of surveyed practicing accountants feel that Kieso, Weygandt, and Warfield's Intermediate Accounting helped prepare them for success in professional practice.
100% would recommend the text to someone currently studying for an accounting degree.
80% said they referred to their copy when they first entered professional practice.
Professionals who learned accounting from Intermediate Accounting find themselves well prepared to enter the workplace. So well prepared in fact, that many keep their copy of the text to refer to again and again. Why is this text so essential for professional success?
- Currency-This 12the edition of Intermediate Accounting reflects the state-of-the-art in accounting today. The text is kept current with the intermediate Accounting Newsletter, a periodical for users of the text that spotlights the very latest developments and their implications.
- Real-world examples and illustrations-Numerous examples from real corporations help you understand exactly how professionals apply accounting principles and techniques International Insight notes compare accounting practices in other countries.
- Hands-on practice-This 12the edition features Professional Simulation problems, modeled on the new computerized exam. In addition, new accounting research exercises help you practice using the Financial Accounting Research Database System (FARS).
- comprehensive and clear explanations of concepts-The authors' clear writing style and logical organization help you understand the material.
Make Kieso Your Gateway to the Profession!
About the Author
Donald E. Kieso, Ph.D., C.P.A., received his bachelor's degree from Aurora University and his doctorate in accounting from the University of Illinois. He has served as chairman of the Department of Accountancy and is currently the KPMG Peat Marwick Emeritus Professor of Accounting at Northern Illinois University. He has public accounting experience with Price Waterhouse & Co. (San Francisco and Chicago) and Arthur Andersen & Co. (Chicago) and research experience with the Research Division of the American Institute of Certified Public Accountants (New York). He has done postdoctorate work as a Visiting Scholar at the University of California at Berkeley and is a recipient of NIU's Teaching Excellence Award and four Golden Apple Teaching Awards. Professor Kieso is the author of other accounting and business books and is a member of the American Accounting Association, the American Institute of Certified Public Accountants, and the Illinois CPA Society. He has served as a member of the Board of Directors of the Illinois CPA Society, the AACSB's Accounting Accreditation Committees, the State of Illinois Comptroller's Commission, as Secretary-Treasured of the Federation of Schools of Accountancy, and as Secretary-Treasurer of the American Accounting Association. Professor Kieso served as a charter member of the national Accounting Education Change Commission. He is the recipient of the Outstanding Accounting Educator Award from the Illinois CPA Society, the FSA's Joseph A. Silvoso Award of Merit, and the NIU Foundation's Humanitarian Award for Service to Higher Education.
Jerry J. Weygandt, Ph.D., C.P.A, is Arthur Andersen Alumni Professor of Accounting at the University of Wisconsin-Madison. He holds a Ph.D. in accounting from the University of Illinois. Articles by Professor Weygandt have appeared in the Accounting Review, Journal of Accounting Research, Accounting Horizons, Journal of Accountancy, and other academic and professional journals. these articles have examined such financial reporting issues as accounting for price-level adjustments, pensions, convertible securities, stock option contracts, and interim reports. Professor Weygandt is author of other accounting and financial reporting books and is a member of the American Accounting Association, the American Institute of Certified Public Accountants, and the Wisconsin Society of Certified Public Accountants. He has served on numerous committees of the American Accounting Association and as a member of he editorial board of the Accounting review; he also has served as President and Secretary-Treasurer of the American Accounting Association. In addition, he has been actively involved with the American Institute of Certified Public Accountants and has been a member of he Accounting Standards Executive Committee (AcSEC) of that organization. He has served on the FASB task force that examined the reporting issues related to accounting for income taxes and as a trustee of the Financial Accounting Foundation. Professor Weygandt has received the Chancellor's Award for Excellence in Teaching and the Beta Gamma Sigma Dean's Teaching Award. He is on the board of directors of M & I Bank of Southern Wisconsin. He is the recipient of the Wisconsin Institute of CPA's Outstanding Educator's Award and the Lifetime Achievement Award. In 2001 he received the American Accounting Association's Outstanding Accounting Educator Award.
Terry D. Warfield, Ph.D., is associate professor of accounting at the University of Wisconsin-Madison. He received a B.S. and M.B.A. from Indiana University and a Ph.D. in accounting from the University of Iowa. Professor Warfield's area of expertise is financial reporting, and prior to his academic career, he worked for five years in the banking industry. he se3rved ass the Academic Accounting Fellow in the Office of the Chief Accountant at the U.S. Securities and Exchange Commission in Washington, D.C. from 1995-1996. Professor Warfield's primary research interests concern financial accounting standards and disclosure policies. he has published scholarly articles in The Accounting Review, Journal of Accounting and Economics, Research in Accounting Regulation, and Accounting Horizons, and he has served on the editorial boards of The Accounting Review, Accounting Horizons, and Issues in Accounting Education. He has served as president of the Financial Accounting and Reporting Section, the Financial Accounting Standards Committee of the American Accounting Association (Chair 1995-1996), and on the AAA-FASB research Conference Committee. Professor Warfield has received teaching awards at both the University o Iowa and the University of Wisconsin, and he was named to the Teaching Academy at the University of Wisconsin in 1995. Professor Warfield has developed and published several case studies based on his research for use in accounting classes. These cases have been selected for the AICPA Professor-Practitioner Case Development Program and have been published in Issues in Accounting Education.
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Most Helpful Customer Reviews
7 of 7 people found the following review helpful:
3.0 out of 5 stars
It's ok,
By
This review is from: Intermediate Accounting, 2007 FASB Update (Hardcover)
The book is huge. I didn't know the book is available in two parts to cut back on the bulk. It is the size of a dictionary. The book is also very heavy, which doesn't really come in handy when I am carrying it all over the college campus. It does not fit into my oversized school bag (or it would if nothing else was in the bag).
The book is ok. My professor tests us on questions that aren't gone over in depth within the book. Each chapter has A LOT of info and not enough ways to critically access and understand all of it. The editors should consider more problems or better explainations that go into concepts more in depth then just scratching the surface as they do now.
6 of 6 people found the following review helpful:
4.0 out of 5 stars
An Attractive and Helpful Text,
This review is from: Intermediate Accounting, 2007 FASB Update (Hardcover)
Intermediate Accounting, Update
Intermediate Accounting is a comprehensive, attractive textbook. The usefulness of the exercises is curtailed by the lack of an answer section. I guess it is a marketing ploy to produce workbooks separately instead of providing even abbreviated answers in textbooks, nowadays. Apart from this deficiency, the book is very useful for studying accounting principles.
11 of 13 people found the following review helpful:
2.0 out of 5 stars
Not for students,
By Eater of Books (USA) - See all my reviews
This review is from: Intermediate Accounting, 2007 FASB Update (Hardcover)
This textbook will only confuse anyone coming to intermediate accounting for the first time. It is extremely obtuse in its discussions and hardly provides any examples for the reader to learn from. Instead it is highly discursive about exceptions and rare instances, but never adequately teaches the basics before moving on to these topics.
If you are coming to intermediate accounting for the first time and actually want to LEARN accounting, get Horngren's "Accouting". It may not look like much, but it's got it where it counts! Kieso's book I belive is useful for those who already know accounting, but are seeking an advanced discussion. I believe professors chose this text because they are bored with the basics that they already know. For the student, this book will leave you unprepared for both the exercise problems at the end of each chapter and for your tests, including the CPA exam. If you are assigned this text and the problems from it, I recommend reading the same topics in Horngren first (usually he breaks Kieso's topics into two short chapters) and then reading the same material in Kieso [shudder] before taking on the problems.
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Inside This Book
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Key Phrases - Statistically Improbable Phrases (SIPs):
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accumulated depreciation, unrealized holding gain, prepaid insurance, salaries expense, rent expense, securities fair value adjustment, lease receivable, insurance expense, lease liability, merchandise inventory, estimated liability, pension worksheet, advertising supplies, disclosure issues, multiple rates, unearned compensation, inventoriable costs, commercial factors, nonmonetary exchange, reporting pension plans, prepaid rent, investee company, accounting research bulletins, business combinations, rental revenue Key Phrases - Capitalized Phrases (CAPs): (learn more)
Instructions Prepare, New York, Notes Payable, The Procter, Gamble Company, United States, Using Your Judgment, Wall Street Journal, Full Disclosure, Service Revenue, Valuation of Inventories, Directions Situation, Brief Exercises, Financial Accounting Standards Board, Learning Objectives After, Additional Exercises, Best Buy, Tax Consultants, Professional Research, Income Summary, Krispy Kreme, Additional Valuation Issues, Excess of Par, Cost-Basis Approach, Salaries Payable Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Back Cover | Surprise Me!
accumulated depreciation, unrealized holding gain, prepaid insurance, salaries expense, rent expense, securities fair value adjustment, lease receivable, insurance expense, lease liability, merchandise inventory, estimated liability, pension worksheet, advertising supplies, disclosure issues, multiple rates, unearned compensation, inventoriable costs, commercial factors, nonmonetary exchange, reporting pension plans, prepaid rent, investee company, accounting research bulletins, business combinations, rental revenue Key Phrases - Capitalized Phrases (CAPs): (learn more)
Instructions Prepare, New York, Notes Payable, The Procter, Gamble Company, United States, Using Your Judgment, Wall Street Journal, Full Disclosure, Service Revenue, Valuation of Inventories, Directions Situation, Brief Exercises, Financial Accounting Standards Board, Learning Objectives After, Additional Exercises, Best Buy, Tax Consultants, Professional Research, Income Summary, Krispy Kreme, Additional Valuation Issues, Excess of Par, Cost-Basis Approach, Salaries Payable Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Back Cover | Surprise Me!
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