Intermediate Accounting, 7th Edition

Financial accounting is undergoing a period of unprecedented change. The FASB and IASB have been working together to issue converged accounting standards that will dramatically change key reporting areas, and more generally have sought to converge accounting standards over time. In late 2011, the SEC will announce its decision on whether large public companies in the U.S. will be able to choose whether to report under U.S. GAAP or IFRS or if all companies are anticipated to be reporting under IFRS in the near future. So, while there currently is considerable overlap between U.S. GAAP and IFRS, and that overlap is increasing as convergence continues, important differences remain.

To help instructors deal with the challenging environment, the Spiceland team is committed to providing current, comprehensive and clear coverage of intermediate accounting. Intermediate Accounting, 7th Edition reflects this commitment with the following innovations.

Table of Contents

CHAPTER 1 Environment and Theoretical Structure of Financial Accounting
CHAPTER 2 Review of the Accounting Process
CHAPTER 3 The Balance Sheet and Financial Disclosures
CHAPTER 4 The Income Statement, Comprehensive Income, and the Statement of Cash Flows
CHAPTER 5 Income Measurement and Profitability Analysis
CHAPTER 6 Time Value of Money Concepts
CHAPTER 7 Cash and Receivables
CHAPTER 8 Inventories: Measurement
CHAPTER 9 Inventories: Additional Issues
CHAPTER 10 Property, Plant, and Equipment and Intangible Assets: Acquisition and Disposition
CHAPTER 11 Property, Plant, and Equipment and Intangible Assets: Utilization and Impairment
CHAPTER 12 Investments
CHAPTER 13 Current Liabilities and Contingencies
CHAPTER 14 Bonds and Long-Term Notes
CHAPTER 15 Leases
CHAPTER 16 Accounting for Income Taxes
CHAPTER 17 Pensions and Other Postretirement Benefits
CHAPTER 18 Shareholders’ Equity
CHAPTER 19 Share-Based Compensation and Earnings Per Share
CHAPTER 20 Accounting Changes and Error Corrections
CHAPTER 21 The Statement of Cash Flows Revisited

APPENDIX A Derivatives
APPENDIX B Dell Annual Report (selected pages)
APPENDIX C IFRS Comprehensive Case