Intermediate Accounting, 17th Edition
By Donald E. Kieso, Jerry J. Weygandt, and Terry D. Warfield
Intermediate Accounting, 17th Edition is written by industry thought leaders, Kieso, Weygandt, and Warfield and is developed around one simple proposition: create great accountants. Upholding industry standards, this edition incorporates new data analytics content and up-to-date coverage of leases, revenue recognition, financial instruments, and US GAAP & IFRS. While maintaining its reputation for accuracy, comprehensiveness, and accessibility, Intermediate Accounting drives results by helping students build professional competencies through reliable problem material.
The next generation of WileyPLUS for Intermediate Accounting gives instructors the freedom and flexibility to tailor content and easily manage their course to keep students engaged and on track.
Schedule a Demo Sign Up for a Test Drive Adopt WileyPLUSWant to learn more about WileyPLUS? Click Here
Data analytics prepare students for the changing profession.
In partnership with the Business-Higher Education Forum (BHEF), the next generation of WileyPLUS introduces students to an accounting-specific data analytics module with interactive lessons, case studies, and videos to help students develop the professional competencies they need to be successful in their careers.
Integrated CPA Exam review prepares students for success.
Seamlessly integrated practice and assessment is available for every chapter through CPAexcel, including assignable task-based simulations, video content, and more than 1000 FAR-related sample test questions.
Video homework assistance reaches all types of learners.
Terry Warfield along with two subject matter experts created the Solution Walkthrough Videos. These videos align with the content of the book and help students answer problems that are similar to ones they will encounter in their homework assignments.
- Easy Assessment: Algorithmic, multiple-choice test bank questions make student assessment simple to create and assign. All questions are tagged to Bloom’s Taxonomy, AACSB, AICPA, and IMA standards, allowing instructors and departments to quickly demonstrate outcomes, analyze student performance data, and make immediate improvements.
- Extra Practice: Assignable Chapter 0 offers adaptive review and practice of each stage of the accounting cycle with reading content, exercises, and problems to provide additional opportunities for both granular and comprehensive accounting cycle practice.
- Organized Learning: Streamlined learning design of WileyPLUS and the text helps students find relevant videos, reading content, and resources based on associated learning objectives, ensuring the best use of time outside of class.
- Practice Made Simple: In addition to adaptive practice and learning objective level practice, an end-of-chapter practice assignment includes additional exercises, brief exercises, and problems to ensure students have many opportunities for additional practice.
- Problem Solution Walkthrough Videos: Terry Warfield and subject matter experts provide videos with step-by-step solutions to more than 100 problems that are based on similar problems students will find in their homework assignments.
- Data analytics Module: In partnership with the Business-Higher Education Forum (BHEF), the next generation of WileyPLUS introduces students to an accounting-specific data analytics module with interactive lessons, case studies, and videos to help students develop the professional competencies they need to be successful in their careers.
- Wiley Accounting Updates: News articles curated weekly provide students application-based understanding of how the topics relate to the real world. Each article is paired with several discussion questions to encourage students to think critically about the topic in relation to the course content.
- Video Library: In addition to the problem solution walkthrough videos, students have access to multiple author lecture videos and applied skills videos for each chapter to review key problem-solving techniques from the authors and subject matter experts.
- Integrated CPA Exam review: Seamlessly integrated practice and assessment is available for every chapter through CPAexcel, including assignable task-based simulations, video content, and more than 1000 FAR-related sample test questions.
- Analytics in Action End of Chapter Activity: To highlight examples where accounting information is used to support business decision making using data analytics, we have introduced a new Analytics in Action End of Chapter Activity. Students will work through online case analyses (with datasets), which illustrate within a realistic context how the accounting information studied in a chapter is relevant to predictive analytics.
- FASB Update: Content has been updated with references to recent FASB standard updates, including income reporting, inventory, debt issue costs, revenue recognition, and financial instruments. The new coverage of leases will be updated fall 2016 while the text will include an Evolving Issues Box covering the new material, keeping with the Kieso standard of being authoritative and up-to-date.
What’s New
Donald E. Kieso, PhD, CPA, received his bachelor’s degree from Aurora University and his doctorate in accounting from the University of Illinois. He has served as chairman of the Department of Accountancy and is currently the KPMG Emeritus Professor of Accountancy at Northern Illinois University. He has public accounting experience with Price Waterhouse & Co. (San Francisco and Chicago) and Arthur Andersen & Co. (Chicago) and research experience with the research division of the American Institute of Certified Public Accountants (New York). He has done post doctorate work as a visiting scholar at the University of California at Berkeley and is a recipient of NIU’s Teaching Excellence Award and four Golden Apple Teaching Awards. Professor Kieso is the author of other accounting and business books and is a member of the American Accounting Association, the American Institute of Certified Public Accountants, and the Illinois CPA Society. He has served as a member of the board of directors of the Illinois CPA Society, the AACSB’s Accounting Accreditation Committees, and the State of Illinois Comptroller’s Commission, and he has served as secretary-treasurer of the Federation of Schools of Accountancy and as secretary-treasurer of the American Accounting Association. Professor Kieso is currently serving on the board of trustees and executive committee of Aurora University, as a member of the board of directors of Kishwaukee Community Hospital, and as treasurer and director of Valley West Community Hospital. From 1989 to 1993, he served as a charter member of the national Accounting Education Change Commission. He is the recipient of the Outstanding Accounting Educator Award from the Illinois CPA Society, the FSA’s Joseph A. Silvoso Award of Merit, the NIU Foundation’s Humanitarian Award for Service to Higher Education, a Distinguished Service Award from the Illinois CPA Society, and in 2003, an honorary doctorate from Aurora University.
Jerry J. Weygandt, PhD, CPA, is Arthur Andersen Alumni Emeritus Professor of Accounting at the University of Wisconsin-Madison. He holds a PhD in accounting from the University of Illinois. Articles by Professor Weygandt have appeared in the Accounting Review, Journal of Accounting Research, Accounting Horizons, Journal of Accountancy, and other academic and professional journals. These articles have examined such financial reporting issues as accounting for price-level adjustments, pensions, convertible securities, stock option contracts, and interim reports. Professor Weygandt is author of other accounting and financial reporting books and is a member of the American Accounting Association, the American Institute of Certified Public Accountants, and the Wisconsin Society of Certified Public Accountants. He has served on numerous committees of the American Accounting Association and as a member of the editorial board of the Accounting Review; he also has served as president and secretary-treasurer of the American Accounting Association. In addition, he has been actively involved with the American Institute of Certified Public Accountants and has been a member of the Accounting Standards Executive Committee (AcSEC). He has served on the FASB task force that examined the reporting issues related to accounting for income taxes and served as a trustee of the Financial Accounting Foundation. Professor Weygandt has received the Chancellor’s Award for Excellence in Teaching and the Beta Gamma Sigma Dean’s Teaching Award. He is the recipient of the Wisconsin Institute of CPA’s Outstanding Educator’s Award and the Lifetime Achievement Award. In 2001, he received the American Accounting Association’s Outstanding Educator Award.
Terry D. Warfield, PhD, is the PwC Professor in Accounting at the University of Wisconsin-Madison. He received a B.S. and M.B.A. from Indiana University and a Ph.D. in accounting from the University of Iowa. Professor Warfield’s area of expertise is financial reporting, and prior to his academic career, he worked for five years in the banking industry. He served as the Academic Accounting Fellow in the Office of the Chief Accountant at the U.S. Securities and Exchange Commission in Washington, D.C., from 1995–1996. Professor Warfield’s primary research interests concern financial accounting standards and disclosure policies. He has published scholarly articles in The Accounting Review, Journal of Accounting and Economics, Research in Accounting Regulation, and Accounting Horizons, and he has served on the editorial boards of The Accounting Review, Accounting Horizons, and Issues in Accounting Education. He has served as president of the Financial Accounting and Reporting Section, the Financial Accounting Standards Committee of the American Accounting Association (Chair 1995–1996), and on the AAAFASB Research Conference Committee. He also served on the Financial Accounting Standards Advisory Council of the Financial Accounting Standards Board, and he currently serves as a trustee of the Financial Accounting Foundation. Professor Warfield has received teaching awards at both the University of Iowa and the University of Wisconsin, and he was named to the Teaching Academy at the University of Wisconsin in 1995. Professor Warfield has developed and published several case studies based on his research for use in accounting classes. These cases have been selected for the AICPA Professor-Practitioner Case Development Program and have been published in Issues in Accounting Education. He served on the Board of the Illinois CPA Society, then AACSB’s Accounting Accreditation Committees, the State of Illinois Comptroller’s Commission, as secretary-treasurer of the Federation of Schools of Accountancy, and as secretary-treasurer of the American Accounting Association.
1. Financial Accounting and Accounting Standards
2. Conceptual Framework for Financial Reporting
3. The Accounting Information System
4. Income Statement and Related Information
5. Balance Sheet and Statement of Cash Flows
6. Accounting and the Time Value of Money
7. Cash and Receivables
8. Valuation of Inventories: A Cost-Basis Approach
9. Inventories: Additional Valuation Issues
10. Acquisition and Disposition of Property, Plant, and Equipment
11. Depreciation, Impairments, and Depletion
12. Intangible Assets
13. Current Liabilities and Contingencies
14. Long-Term Liabilities
15. Stockholders’ Equity
16. Dilutive Securities and Earnings per Share
17. Investments
18. Revenue Recognition
19. Accounting for Income Taxes
20. Accounting for Pensions and Postretirement Benefits
21. Accounting for Leases
22. Accounting Changes and Error Analysis
23. Statement of Cash Flows
24. Full Disclosure in Financial Reporting