Due to the emergence of IFRS as the required convention for reporting to stock exchanges in the European Union and other important markets, accountants must gain a strong understanding of these standards. "Intermediate Accounting" integrates this new information throughout the chapters so they'll learn how to apply the new global accounting standards. Global examples are presented to clearly show how the information is utilized in the field. The use of various currencies is also explored, which is critical for accountants to know in today's global businesses environment
 
Table of Content 
Financial Accounting and Accounting Standards    
Conceptual Framework Underlying Financial Accounting    
The Accounting Information System    
Income Statement and Related Information    
Balance Sheet and Statement of Cash Flows    
Accounting and the Time Value of Money    
Cash and Receivables    
Valuation of Inventories: A Cost-Basis Approach    
Inventories: Additional Valuation Issues    
Acquisition and Disposition of Property, Plant, and Equipment    
Depreciation, Impairments, and Depletion    
Intangible Assets    
Current Liabilities and Contingencies    
Long-Term Liabilities    
Stockholders' Equity    
Dilutive Securities and Earnings Per Share    
Investments    
Revenue Recognition    
Accounting for Income Taxes    
Accounting for Pensions and Postretirement Benefits    
Accounting for Leases    
Accounting Changes and Error Analysis    
Statement of Cash Flows    
Full Disclosure in Financial Reporting.    
Table of Contents provided by Publisher.