Intermediate Accounting: Reporting and Analysis, 1st Edition

  • includes The FASB's Accounting Standards Codification: A User-Friendly Guide
  • James M. Wahlen Indiana University
  • Jefferson P. Jones Auburn University
  • Donald P. Pagach North Carolina State University
  • ISBN-10: 1111822360
  • ISBN-13: 9781111822361
  • 1440 Pages Hardcover 
  • © 2013 | Published
  • College Bookstore Wholesale Price = $220.75 
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About The Solution

Overview

Wahlen/Jones/Pagach's INTERMEDIATE ACCOUNTING provides the context students need to understand accounting's unique value to an organization. Wahlen's approachable writing style infuses this context through the use a well-known company in a running thread case, and by using other recognizable companies like Coca Cola, Louis Vuitton, and Nestlé in discussions. Recognizing that the world of accounting is changing rapidly, Wahlen provides currency and flexibility in its discussions of IFRS, Codification, and pending FASB changes, while also providing concrete ways for students to apply these concepts. Wahlen offers the breadth and depth of coverage you need while making Intermediate Accounting accessible to your students.


Additional Product Information

Features/Benefits

  • Superior Context and Critical Thinking: INTERMEDIATE ACCOUNTING infuses context by using Starbucks as a running case, and uses other recognizable companies to help students understand why accounting information is important to a company, and what implications this information will have for financial statement users.
  • Running Thread Company: Real financial information from a well-known company is used in discussions and examples throughout the text and in the end-of-chapter, allowing students to see how a wide variety of accounting concepts apply to a single company.
  • Real Reports: This feature allows students to interact with actual annual report excerpts, analyze them, and apply what they have learned by answering the corresponding questions.
  • IFRS Coverage and Applications: International Dimension features illustrate the differences between IFRS and U.S. GAAP and are often accompanied by IFRS Applications. These applications explain and show how journal entries and financial statements are prepared under IFRS. When the differences are significant, the feature shows side-by-side comparisons of excerpts prepared under both U.S. GAAP and IFRS. In addition, IFRS assignments are included in the end-of-chapter and include real company financial statements from companies like Louis Vuitton and Nestlé.
  • Looking Ahead: This feature provides students with exposure to a number of significant changes on the horizon, including the ongoing convergence between U.S. GAAP and IFRS, the proposed changes to the financial statement presentation, and other Exposure Draft items.
  • Codification Applications: THE FASB'S ACCOUNTING STANDARDS CODIFICATION: A USER-FRIENDLY GUIDE is automatically bundled with every new edition textbook and provides step-by-step guidance for how to use codification. Brief assignments in the guide and more comprehensive assignments in the end-of-chapter materials in the text itself allow students to independently research and become familiar with using codification.
  • Next Level Requirements: These requirements within selected end-of-chapter questions require students to go beyond the basic understanding of the accounting rules and procedures and develop critical-thinking and decision-making skills. Selected open-ended requirements have been converted into fill-in-the-blank question types in CengageNOW and appear as automatically gradable assignments.
  • Integrating the Latest Technology: A full CengageNOW product is available with this title including all end-of-chapter homework, Test Bank, ebook, and a Personalized Study plan complete with pre- and post-tests, games and videos. Features of the homework experience includes enhanced feedback for each homework question, Smart Entry, Blueprint Problems, and question tagging based on AACSB, AICPA, Bloom's Taxonomy, and difficulty level.

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  • Looseleaf Edition
    ISBN-10: 1111972125 | ISBN-13: 9781111972127
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ISBN-10: 1133903231  | ISBN-13: 9781133903239
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    List Price = $297.95  | CengageBrain Price = $237.99  | College Bookstore Wholesale Price = $220.75
  • CengageNOW 2-Semester Printed Access Card
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Bundle: Text + The FASB Accounting Standards Codification: A User-Friendly Guide + Selected Financial Reporting Cases
ISBN-10:  113390324X  | ISBN-13:  9781133903246
List Price = $323.95  | CengageBrain Price = $258.99  | College Bookstore Wholesale Price = $240.00

This Bundle Includes:

  • Intermediate Accounting: Reporting and Analysis
    List Price = $297.95  | CengageBrain Price = $237.99  | College Bookstore Wholesale Price = $220.75
  • Selected Financial Reporting Cases
    List Price = $25.95  | CengageBrain Price = $25.49  | College Bookstore Wholesale Price = $19.25


Printed Text + CengageNOW 2-Semester Instant Access
ISBN-10:  1285714563 | ISBN-13:  9781285714561
List Price = $317.95  | CengageBrain Price = $253.99  | College Bookstore Wholesale Price = $235.75

This Bundle Includes:

  • Intermediate Accounting: Reporting and Analysis
    List Price = $297.95  | CengageBrain Price = $237.99  | College Bookstore Wholesale Price = $220.75
  • CengageNOW 2-Semester Instant Access
    List Price = $142.00  | CengageBrain Price = $142.00  | College Bookstore Wholesale Price = $142.00


Table of Contents

Part I: FINANCIAL REPORTING & STATEMENTS: OBJECTIVES, CONCEPTS, & ANALYSIS.
1. The Demand for and Supply of Financial Accounting Information.
2. Financial Reporting: Its Conceptual Framework.
3. Review of a Company's Accounting System.
4. The Balance Sheet and the Statement of Shareholders’ Equity.
5. The Income Statement and the Statement of Cash Flows.
Time Value of Money Module.
Part II: BUSINESS OPERATING ACTIVITIES.
6. Cash & Receivables.
7. Inventories: Cost Measurement and Flow Assumptions.
8. Inventories: Special Valuation Issues.
9. Current Liabilities and Contingent Obligations.
Part III: INVESTING ACTIVITIES.
10. Prpoerty, Plant, and Equipment: Acquisition and Subsequent Investments.
11. Depreciation, Depletion, Impairment, and Disposal.
12. Intangibles.
13. Investments & Long-Term Receivables.
Part IV: FINANCING ACTIVITIES.
14. Financing Liabilities: Bonds and Long-Term Notes Payable.
15. Contributed Capital.
16. Retained Earnings and Earnings Per Share.
Part V: SPECIAL TOPICS IN FINANCIAL REPORTING.
17. Advanced Issues in Revenue Recognition.
18. Accounting for Income Taxes.
19. Accounting for Post-Retirement Benefits.
20. Accounting for Leases.
21. The Statement of Cash Flows.
22. Accounting for Changes and Errors.
Appendix A. Starbucks Financial Statements (full report).
Appendix B. List of the Official Pronouncements of the AICPA and FASB.
Appendix C. List of the Official Pronouncements of the IASB.
Appendix D. Brief Guide to Key Differences Between IFRS and GAAP by Chapter.

Supplements

Instructor Supplements

Instructor Supplements

All supplements have been updated in coordination with the main title. Select the main title’s "About the Solution" tab, then select "What's New" for updates specific to title's edition. For more information about these supplements, or to obtain them, contact your Learning Consultant.

Intermediate Accounting Reporting Analysis (Book Only)  (ISBN-10: 1111972133 | ISBN-13: 9781111972134)

Wahlen/Jones/Pagach's INTERMEDIATE ACCOUNTING provides the context students need to understand accounting's unique value to an organization. Wahlen's approachable writing style infuses this context through the use of a Starbucks running thread case, and with other recognizable companies like Coca Cola, Louis Vuitton, and Nestlé. Recognizing that the world of accounting is changing rapidly, Wahlen provides currency and flexibility in its discussions of IFRS, Codification, and pending FASB changes, while also providing concrete ways for students to apply these concepts. Wahlen offers the breadth and depth of coverage you need while making Intermediate Accounting accessible to your students.


CengageNOW 2-Semester Instant Access  (ISBN-10: 1133577547 | ISBN-13: 9781133577546)

Ensure that your students have the understanding they need of Intermediate Accounting concepts with CengageNOW. This powerful course management and online homework tool provides robust instructor control and customization to optimize the learning experience and meet desired outcomes. You can reinforce comprehension with customized student learning paths and efficiently test and automatically grade assignments. To take students to the next level of understanding Intermediate concepts, select open-ended requirements from the text have been converted into fill-in-the-blank question types so they can be assigned and automatically graded in CengageNOW. This instant access code allows students to access CengageNOW.

List Price = $142.00  | CengageBrain Price = $142.00  | College Bookstore Wholesale Price = $142.00


Study Guide  (ISBN-10: 1133188990 | ISBN-13: 9781133188995)

This guide is designed to assist students in comprehending the concepts and principles in the text, and includes chapter overviews and practice assignments, as well as additional student resources. Solutions are available in the guide so students can assess their work and be sure they are on the right track.

List Price = $54.95  | CengageBrain Price = $54.49  | College Bookstore Wholesale Price = $41.00


Preview Guide  (ISBN-10: 1133189199 | ISBN-13: 9781133189190)

List Price = $49.95  | College Bookstore Wholesale Price = $36.75


Solutions Manual, Volume 2  (ISBN-10: 1133190294 | ISBN-13: 9781133190295)

Author-written and carefully verified multiple times to ensure accuracy and consistency with the text, the Solutions Manual contains answers to all questions, review exercises, exercises, problems, and cases that appear in the text for Chapters 14-22. These solutions help you easily and efficiently plan, assign, and grade assignments. Available on the Instructor's Resource CD.


Instructor's Resource CD-ROM  (ISBN-10: 113319026X | ISBN-13: 9781133190264)

Place all of the key teaching resources you need at your fingertips with this all-in-one source. Find everything you need to plan, teach, grade, and assess student understanding and progress. This CD includes the Solutions Manual, Instructor's Manual, Test Bank in Microsoft® Word and ExamView®, PowerPoint® slides, and Spreadsheet Solutions.


CengageNOW on Blackboard® Instant Access  (ISBN-10: 1133577555 | ISBN-13: 9781133577553)

CengageNOW is a powerful course management and online homework tool that provides robust instructor control and customization to optimize the learning experience and meet desired outcomes.

List Price = $142.00  | CengageBrain Price = $142.00  | College Bookstore Wholesale Price = $142.00


Selected Financial Reporting Cases  (ISBN-10: 1133562116 | ISBN-13: 9781133562115)

Add more value to your course by including this casebook, which can be bundled with a new textbook at no additional cost. The casebook contains select new, comprehensive, and engaging cases on topics for Intermediate Accounting. Helpful background notes accompany cases on key topics.

List Price = $25.95  | CengageBrain Price = $25.49  | College Bookstore Wholesale Price = $19.25


The FASB Accounting Standards Codification: A User-Friendly Guide  (ISBN-10: 1111822387 | ISBN-13: 9781111822385)

Automatically bundled with every new edition of the textbook, this guide provides step-by-step guidance for how to use codification. Brief assignments in the guide allow students become familiar with using codification.

List Price = $25.95  | CengageBrain Price = $25.49  | College Bookstore Wholesale Price = $19.25


Student Supplements

Student Supplements

All supplements have been updated in coordination with the main title. Select the main title’s "About the Solution" tab, then select "What's New" for updates specific to title's edition. For more information about these supplements, or to obtain them, contact your Learning Consultant.

Intermediate Accounting Reporting Analysis (Book Only)  (ISBN-10: 1111972133 | ISBN-13: 9781111972134)

Wahlen/Jones/Pagach's Intermediate Accounting provides the context you need to understand accounting's unique value to an organization. Wahlen's approachable writing style infuses this context through the use of a Starbucks running thread case, and with other recognizable companies like Coca Cola, Louis Vuitton, and Nestlé. Recognizing that the world of accounting is changing rapidly, Wahlen provides currency and flexibility in its discussions of IFRS, Codification, and pending FASB changes, while also providing concrete ways for you to apply these concepts. Wahlen offers the breadth and depth of coverage you need while making Intermediate Accounting accessible.

List Price = $232.95  | College Bookstore Wholesale Price = $172.50


CengageNOW 2-Semester Instant Access  (ISBN-10: 1133577547 | ISBN-13: 9781133577546)

CengageNOW is an easy-to-use online resource that helps you study in less time to get the grade you want. This integrated system helps you efficiently manage and complete homework assignments from the text. This instant access code allows access to CengageNOW.

List Price = $142.00  | CengageBrain Price = $142.00  | College Bookstore Wholesale Price = $142.00


CengageNOW Instant Access  (ISBN-10: 128508151X | ISBN-13: 9781285081519)

Succeed in your accounting course with CengageNOW, a powerful online homework tool that optimizes your learning experience. This interactive system generates a diagnostic Personalized Study Plan (with a chapter-specific Pre-test, Study Plan, and Post-test) to help you master concepts, prepare for exams, and get a better grade

List Price = $116.00  | CengageBrain Price = $116.00  | College Bookstore Wholesale Price = $116.00


Study Guide  (ISBN-10: 1133188990 | ISBN-13: 9781133188995)

This guide is designed to assist you in comprehending the concepts and principles in the text, and includes chapter overviews and practice assignments, as well as additional student resources. Solutions are available in the guide so you can be sure you are on the right track.

List Price = $54.95  | CengageBrain Price = $54.49  | College Bookstore Wholesale Price = $41.00


CengageNOW on Blackboard® Instant Access  (ISBN-10: 1133577555 | ISBN-13: 9781133577553)

CengageNOW is an easy-to-use online resource that helps you study in less time to get the grade you want.

List Price = $142.00  | CengageBrain Price = $142.00  | College Bookstore Wholesale Price = $142.00


Selected Financial Reporting Cases  (ISBN-10: 1133562116 | ISBN-13: 9781133562115)

This casebook, which can be bundled with a new textbook at no additional cost, casebook contains select new, comprehensive, and engaging cases on topics for Intermediate Accounting. Helpful background notes accompany cases on key topics.

List Price = $25.95  | CengageBrain Price = $25.49  | College Bookstore Wholesale Price = $19.25


The FASB Accounting Standards Codification: A User-Friendly Guide  (ISBN-10: 1111822387 | ISBN-13: 9781111822385)

Automatically bundled with every new edition of the textbook, this guide provides step-by-step guidance for how to use codification. Brief assignments in the guide allow you to become familiar with using codification.

List Price = $25.95  | CengageBrain Price = $25.49  | College Bookstore Wholesale Price = $19.25


MindLink to CengageNOW 1-Semester Instant Access  (ISBN-10: 128532160X | ISBN-13: 9781285321608)

Succeed in your accounting course with 1-semester access to CengageNOW, a powerful online homework tool that optimizes your learning experience. This interactive system generates a diagnostic Personalized Study Plan (with a chapter-specific Pre-test, Study Plan, and Post-test) to help you master concepts, prepare for exams, and get a better grade

List Price = $116.00  | CengageBrain Price = $116.00  | College Bookstore Wholesale Price = $116.00


MindLink to CengageNOW 2-Semester Instant Access  (ISBN-10: 1285321774 | ISBN-13: 9781285321776)

Succeed in your accounting course with 2-semester access to CengageNOW, a powerful online homework tool that optimizes your learning experience. This interactive system generates a diagnostic Personalized Study Plan (with a chapter-specific Pre-test, Study Plan, and Post-test) to help you master concepts, prepare for exams, and get a better grade

List Price = $142.00  | CengageBrain Price = $142.00  | College Bookstore Wholesale Price = $142.00


Meet the Author

About the Author

James M. Wahlen

Dr. James M. Wahlen is the James R. Hodge Chair, Professor of Accounting, and the Chairman of the Accounting Department at the Kelley School of Business at Indiana University. He received his Ph.D. from the University of Michigan and has served on the faculties of the University of Chicago, the University of North Carolina at Chapel Hill, INSEAD, the University of Washington, and Pacific Lutheran University. Dr. Wahlen's teaching and research interests focus on financial accounting, financial statement analysis, and the capital markets. His research investigates earnings quality and earnings management, earnings volatility as an indicator of risk, fair value accounting for financial instruments, accounting for loss reserve estimates by banks and insurers, stock market efficiency with respect to accounting information, and testing the extent to which future stock returns can be predicted with earnings and other financial statement information. His research has been published in a wide array of academic and practitioner journals in accounting and finance. Dr, Wahlen has public accounting experience in both Milwaukee and Seattle and is a member of the American Accounting Association. He has received numerous teaching awards during his career. Professor Wahlen is also a co-author of FINANCIAL REPORTING, FINANCIAL STATEMENT ANALYSIS, AND VALUATION: A STRATEGIC PERSPECTIVE; 8E. In his free time, he loves outdoor sports (biking, hiking, skiing, golf), cooking (and, of course, eating), and listening to rock music (especially if it is loud and live).

Jefferson P. Jones

Dr. Jefferson P. Jones is an Associate Professor of Accounting in the School of Accountancy at Auburn University. He received his Bachelor's in Accounting and Master of Accountancy degrees from Auburn University and his Ph.D. from Florida State University. His research interests focus on financial accounting, specifically investigating the quality of reported accounting information, and accounting education. He has published articles in numerous journals, including Advances in Accounting, Review of Quantitative Finance and Accounting, Issues in Accounting Education, International Journal of Forecasting, and The CPA Journal. Dr. Jones has received numerous teaching awards, including the Auburn University Beta Alpha Psi Outstanding Teaching Award (seven times); the Auburn University Outstanding Master of Accountancy Professor Teaching Award (five times); the Auburn University Outstanding Distance Master of Accountancy Teaching Award (two times); and the Auburn University College of Business McCartney Teaching Award. In addition, he has made numerous presentations around the country on research and pedagogical issues. He holds a CPA certificate in the state of Alabama (inactive) and is a member of the American Accounting Association, the American Institute of Certified Public Accountants (AICPA), and the Alabama Society of CPAs (ASCPA). He has public accounting experience as an auditor for Deloitte and Touche. Dr. Jones is also a co-author of CORNERSTONES OF FINANCIAL ACCOUNTING. He is married, has two children, and enjoys playing golf and watching college football.

Donald P. Pagach

Dr. Donald P. Pagach is Professor of Accounting at the Poole College of Management at North Carolina State University. He received his Bachelor's in Accounting and Masters of Accountancy degree from the University of Wisconsin-Madison, and his Ph.D. from Florida State University. His research interests focus on financial accounting and enterprise risk management, with a specific focus on forecasting and financial statement analysis. He has published articles in numerous journals, including Journal of Accounting Research, Contemporary Accounting Research, Journal of Accounting, Auditing and Finance, and The CPA Journal. Dr. Pagach has been named a University Outstanding Teacher and has received research awards for his work on Enterprise Risk Management. Previously, Dr. Pagach taught at Louisiana State University and has had public accounting experience working for Coopers and Lybrand as an auditor. He holds a CPA certificate in the state of North Carolina and is a member of the American Accounting Association, the American Institute of Certified Public Accountants (AICPA), and the International Accounting Section. Dr. Pagach is married, has three children, and enjoys traveling, especially if the trip includes a beach.

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