Intermediate Accounting

Financial Reporting & Financial Statements

The Demand for and Supply of Financial Accounting Information

Understanding the Role of Accounting Information in Decision Making: An Introduction to Intermediate Accounting

What is the Securities and Exchange Commission (SEC)?

What is the Financial Accounting Standards Board (FASB)?

What is the Emerging Issues Tax Force (EITF)?

What is the Accounting Standards Codification (ASC)?

What is International Accounting Standards Board (IASB)?

What is the International Accounting Standards Board (IASB)?

What is IFRS?

The Demand for Accounting Information: Meeting the Needs of Investors and Creditors

Conceptual Framework of Financial Reporting

The Supply of Accounting Information: How Financial Statements are Prepared and Presented

How to Prepare Financial Statements: Balance Sheet, Income Statement, and Cash Flow Statement

Review of a Company’s Accounting System

Understanding the Accounting Cycle: A Step-by-Step Guide

The Balance Sheet and the Statement of Shareholders’ Equity

What is Unrealized Capital?

What is Accumulated Other Comprehensive Income?

What is Accrued Pension Cost?

What is Deferred Taxes Payable?

The Income Statement and the Statement of Cash Flows

The Concept of Time Value of Money in Accounting: Future Value and Present Value Calculations

What is the Capital Maintenance Concept?

What is Comprehensive Income?

How do you report income or loss from discontinued operations?

Business Operating Activities

Cash and Receivables

Inventories: Cost Measurement and Flow Assumptions

Understanding Inventory Accounting: LIFO vs. FIFO Methods

Inventories: Special Valuation Issues

Inventory Write-Downs: Lower of Cost or Net Realizable Value

Current Liabilities and Contingent Obligations

Investing Activities

Property, Plant, and Equipment: Acquisitions and Subsequent Investments

Measuring Elements on the Balance Sheet: What Cost to Use?

Understanding the Concept of Depreciation and Amortization: Methods and Examples

What is Half-year Convention in Depreciation?

What is Mid-month Convention in Depreciation?

What is the Difference Between Half-Year and Mid-month Conventions in Depreciation?

Allocating Lump-Sum Purchases

Capitalizing Interest on a Construction Asset

Accounting for Assets Acquired by Donation

Depreciation, Depletion, Impairment, and Disposal


Investments and Long-term Receivables

Financing Activities

Financing Liabilities: Bonds and Long-term Notes Payable

Contributed Capital

Retained Earnings and Earning Per Share

Analyzing Financial Statements: Ratios and Trend Analysis

The Concept of Materiality in Accounting: Importance and Examples

What are Opportunity Costs?

What are Sunk Costs?

What is a Budgeted Income Statement?

What is a Financial Metric?

What is a Marginal Cost?

What is a Master Budget?

What is a Production Budget?

What is a Selling and Administrative Expense Budget?

What is a Variance in Accounting?

What is a Variance Report in Accounting?

What is Lean Manufacturing?

What is Operating Leverage?

What is the Difference Between Financial and Managerial Accounting?

What is Work in Process Inventory (WIP)?