Intermediate Accounting

By Terry D Warfield, Donald E. Kieso, Jerry J. Weygandt, et al.

Book Overview

The bestselling book on intermediate accounting, Kieso is an excellent reference for practicing accountants and an invaluable resource for anyone entering the field. 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. Intermediate Accounting 14th Edition is the market leader in providing the tools needed to understand what GAAP is and how it is applied in practice. Through many editions, this textbook has continued to reflect the constant changes taking place in the GAAP environment. This edition continues this tradition, which has become even more significant as the financial reporting environment is exploding with major change. There are three areas of major importance that are now incorporated extensively into the text: New way of looking at GAAP, Convergence of U.S. GAAP and IFRS, and Fair Value Movement. The core of Kieso's value statement continues to be authoritativeness and preparation for the profession (CPA exam). New to This Edition: Expanded and Updated Coverage of IFRS: Some of this new content has been adapted from the recently published Intermediate Accounting, IFRS Accounting. In addition, readers will benefit from new end-of-chapter content and assignments specifically related to IFRS. Critical Thinking and Conceptual Understanding: Building on traditional strengths from previous editions, the new edition includes new Accounting, Analysis, and Principles review exercises to help reinforce these three important elements from each chapter. Updated Real-world Focus: Contains many new chapter-opening stories and "What Do the Numbers Mean?" boxes. Such applications join theory and practice, and demonstrate the use of accounting in today's business world. Professional Simulations: This edition includes updated professional simulations that model the latest version of the computerized CPA exam.

• Format: Hardcover
• Language: English
• ISBN: 0470587237
• ISBN13: 9780470587232
• Release Date: March 2011
• Publisher: Wiley & Sons, Incorporated, John
• Length: 1640 Pages
• Weight: 7.04 lbs.
• Dimensions: 2.4" x 8.2" x 10.3"

Customer Reviews

Grim, grinding, and expensive; this is the the best you can get

My qualifications: BA in Business, BS is Accountancy, MBA finance, CPA, Corporate Controller and Financial Mananger. I've been buying and reviewing new editions of this text every few years for over 20 years now. Why? Becasue if accountancy is your profession you cannot afford not to be completely up to date. Things change. Even all you want to do is make a decent salary and vegetate somewhere, someone is trying to bury you and take your job (or your company). Count on it. It is about competiveness, survival, and prospering. When can you quit studying? Never. This is the text to put you ahead. I have seen shorter, more simple, less comprehensive, and much cheaper texts. But do you want the competitive edge or not? There are other non-book alternatives. If your're a CPA, you'll have to keep plugging along with the CPE programs forever (sigh), but they don't hack it in depth compared to this. Even the AICPA's Journal of Accountancy, though highly reccomended, and far more timely than any book, cannot cover the details adequately. Or you could take a CPA exam review course like Becker's every so oftern. That will set you back a fortune and hundreds of hours of your life. But you will be completely up to the minute on most everything. How long you remember everything after finishing the review course is another question. "A practicing CPA simply cannot know the answers to many practice questions as they arise but rather needs the ability to find such answers." (NASBA site) This is the one stop text to do it. A couple pieces of advice. Don't take the text into the office unless you see it (or others like it) on partners' bookshelves. Keep it out in the car for lunch, afterwork, fake restroom breaks,last minute reviews before you go in, or whatever. Also, never ever take it into a client's site. It may sometimes seem like a good idea, but your manager will probably slap you around for it. Any text is only good for a few years, then spring for a new edition. If you get this text, give yourself some time working through it on the parts that are new to you or give you the most trouble or worry at work. Then consider buying the study guide. It's not a substitute for the book but it can speed things up for you a lot. If you think this is a lot of work or baloney, try weighing it against not getting a good raise or promotion. Best wishes and good look. P.S. I'm on this page because I'm buying my latest copy.

excellent book

I think it's a great book. I have taken two courses with this book, and though I haven't looked at other intermediate books, I find this well written and easy to follow. I have also taken Advanced Accounting, and I think this book is alot better than my advanced text by Larsen

Superb book

This is the authoratative accounting book.

in response to "a reader."

As in anything that is subsidized by the government(in this case, higher education), things get more expensive and less accountable, because USUALLY somebody else is paying.

Great accounting text!

As a recent accounting graduate, and current graduate student, I can tell you that this text is one of the best accounting books I ever read. Intermediate Accounting is a tough, voluminous subject, which is why it takes two semesters to get through it! Keiso and Weygandt do a great job of walking students through the specifics of a topic, along with its history, alternatives, and the profession's arguments for and against some of the more controversial ones. The problems and cases following the chapters are extremely challenging and thought-provoking; great supplements to the readings and class lectures. If you are an accounting professor, or an accounting student or professional, this book is a fantastic textbook and excellent resource during your career. I will have it in my cubicle at my firm!