Few aspiring accountants can survive with only a basic knowledge of accounting. The Intermediate Accounting textbook addresses almost every advanced topic that a college student is likely to encounter. For example, the text covers the more advanced forms of financial statement presentation, when to recognize revenue, how to account for stock-based compensation, the proper accounting for leases, and the best way to account for a business combination. Also, since accounting textbooks tend to focus solely on accounting transactions, we include an in-depth discussion of ethical frameworks, which can be useful when deciding how to deal with ethically questionable events. In addition, the textbook illustrates these topics with numerous examples to improve comprehension. Intermediate Accounting is so comprehensive that it may be used as a desk reference after students have become professional accountants.
