Intermediate Accounting [Hardcover]

Donald E. Kieso (Author), Jerry J. Weygandt (Author), Terry D. Warfield (Author)

Book Description

ISBN-10: 0470374942 | ISBN-13: 978-0470374948 | Publication Date: March 24, 2009 | Edition: 13

The bestselling book on intermediate accounting, Kieso is an excellent reference for practicing accountants and an invaluable resource for anyone entering the field. It integrates FARS/Codification exercises, cases, and simulations into the chapters. This introduces readers to the codification project. They’ll learn how to leverage everyday accounting programs like Excel, GLS, and other computerized accounting software giving them a strong background in the tools needed in the accounting profession. New and existing content is arranged in a way to offer accountants a chance to review key concepts.

New to This Edition:

• NEW IFRS content: Intermediate Accounting, 13e, includes, in 20 of the 24 chapters, a “Convergence Corner” feature that demonstrates to readers how international financial reporting standards apply to the main topics of the chapter.
  * Updated Appendix 24B provides a complete discussion of the international accounting and reporting environment, with the latest convergence developments.
  * Quick-hitting International Insights in the margins compare or contrast international standards with a point under discussion in the nearby text.
  * New end-of-chapter Questions in each chapter focus on international standards introduced in the chapter.  These questions are marked with an icon for easy reference.
  * International Reporting Cases ask readers to analyze financial statements of international companies and apply analysis with the application of international standards.
• Updated Fair Value discussions: Fair value has been expanded at both the introductory level in Chapter 2 and in subsequent chapters where appropriate. The more thorough discussion in Chapter 2 lays the groundwork for expanded discussions in later chapters. The result is a solid understanding of fair value in the accounting profession today.
• FASB Codification: This edition integrates the new FASB Codification throughout. References to the accounting pronouncements replaced by a numbering system in each chapter linked to the new Codification. A list of Codification references at the end of each chapter links the bracketed numbers from the text to the Codification; this list also includes a reference to the preceding literature, for easing the transition to the new system. In addition, a handful of quick exercises in each chapter give readers opportunities for practice and simple research in the Codification.
• Revised End-of-Chapter Material: Names, numbers, and dates in all end-of-chapter materials, including brief exercises and problems, have been changed.
• Expanded CPA-prep Professional Simulations: Now be offering a complete online Wiley CPA prep course electronically.
• Updated real-world focus:   This edition contains many new chapter-opening stories and “What Do the Numbers Mean?” boxes. Such applications join theory and practice, and demonstrate to readers the use of accounting in today’s business world. 

Product Details

• Hardcover: 1440 pages
• Publisher: Wiley; 13 edition (March 24, 2009)
• Language: English
• ISBN-10: 0470374942
• ISBN-13: 978-0470374948
• Product Dimensions: 11 x 8.7 x 2 inches
• Shipping Weight: 6.3 pounds (View shipping rates and policies)
• Average Customer Review: 3.8 out of 5 stars  See all reviews (54 customer reviews)
• Amazon Best Sellers Rank: #3,610 in Books (See Top 100 in Books)
  • #32 in Books > Business & Investing > Accounting

More 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.

Customer Reviews

Most Helpful Customer Reviews

88 of 92 people found the following review helpful:

5.0 out of 5 stars The Age-Old Kieso Problem, August 18, 2009

By 

Citizen John (USA) - See all my reviews
(TOP 50 REVIEWER)   

This review is from: Intermediate Accounting (Hardcover)

Except for having to buy it new, there are reasons to like the Kieso series including this 13th edition of Intermediate Accounting, which is really Financial Accounting II. These authors have done everything to make the subject progressively more accessible in each edition. I know as I suffered through the courses once too. I have a master's in accounting and am a CPA. It's surprising how many accounting texts assume the student has certain prerequisite skills and knowledge and equally surprising how so many accounting professors want to lecture on what enhances their knowledge base instead of teaching to the student. The Kieso books are really teaching books. I buy used recent editions for myself just for reference since they're so well done and so cheap. Not all CPAs do that but I practice financial accounting.

You'll be lucky if the professor is permissive enough to go with an older series because most students quickly sell these books once the course is over, so used editions are MUCH cheaper. But most professors insist on the most recent edition. I think they're motivated because their authority rests on being up to date. In this 13th edition, there's a big emphasis on International Accounting Standards, and you can be sure the professors want to bone up on this themselves. The financial meltdown has discredited the whole U.S. financial complex, and one result is that the pull is now stronger toward international accounting standards rather than U.S. GAAP. Also, the authors anticipate that everyone wants to use the cheaper previous edition, so they always change the end of chapter problems. The publisher also provides the professors with additional materials including exam materials, so there's always the incentive for the professor to use the latest edition and claim that it's the only acceptable one due to the end of chapter problems.

These are really heavy books - no fun to carry around. The book weighs 6.2 pounds. That's ridiculous. 1,440 pages and you darn well have to know this material. This gives a hint why so many people, despite knowing that good accountants tend to stay employed in a recession, won't even consider this route. But at least the Kieso books, other than their workbooks, are hardcover with large dimensions and quality paper and binding. Nothing is worse than using a thick softcover text that feels like a phone book. Unfortunately they're expensive new, and you might one day be buying the 18th edition used for a fraction of this price.

Note, if you need the WileyPlus access code, it is NOT included with this book. If your professor makes you get the code, you've got to spend even more money. You get this access code at the Wileyplus website. A kind student emailed me that the code now costs $83.50 at the site. Wiley also puts in place separate deals with some but not all college bookstores, although then the prices vary a lot at the college bookstore level. Sometimes, depending on how the professor intends to use the WileyPlus resource, you might just ask the professor and get the code, but those cases are rare.

A word of caution and encouragement: This Intermediate Accounting course along with the first one, Financial Accounting, are the two that were traditionally used to weed out students from becoming accounting majors. You've got to spend a lot more time on this course than you usually would for a typical course. Good luck - I wish you the best!

8 of 9 people found the following review helpful:

4.0 out of 5 stars Great product!, February 2, 2011

By 

J. A. Carter "HRM in training" (Chicago, IL, USA) - See all my reviews
(REAL NAME)   

Amazon Verified Purchase

This review is from: Intermediate Accounting (Hardcover)

This book is required for an Intermediate accounting class that I am taking. The teacher has indicated that most of his colleagues have this textbook in their offices as a reference. THe CPA exam is also based on intermediate accounting. This book is also used at most colleges. I am only a few chapters into the book, but find that it is easy to understand and comprehensive.

5 of 5 people found the following review helpful:

5.0 out of 5 stars Great as a Teacher!, August 24, 2011

By 

Chan - See all my reviews

Amazon Verified Purchase

This review is from: Intermediate Accounting (Hardcover)

This book is wonderful. I was skeptical at first with all the negative reviews about its complexity and its only uses for people who are already accountants. The fact is I am studying for the CPA and I was reading the Bick Financial books. Not only was it so stodgy, It didn't explain any of the terminology. I was reading on FIFO/LIFO from the Kieso book and they explained such words as base year, year 1 layer, price indexes. Not only that, they provided concrete examples in the form of journal entries and financial statements. Yes this book is heavy, but I am taking this class online. Even then, the conciseness and All in one reference makes this book worth carrying around. Dare I say this is like an accountant's bible?

Notes on the language -I am an average reader and am still a student. I think the words they use are fairly simple(compared to the CPA texts I have read at the very least) There hasn't been a concept that has befuddled me yet. Topics and terminology are fairly easy to find. I haven't tried to look up anything obscure, but if I run into any trouble, I'll let you guys know.