Intermediate Accounting Slide

This application provides the tools global accounting students need to understand what IFRS is and how it is applied in practice. The emphasis on fair value, the proper accounting for financial instruments, and the new developments related to leasing, revenue recognition, and financial statement presentation are examined in light of current practice. New Global Accounting Insights highlight the important differences that remain between IFRS and US GAAP, and discuss the ongoing joint convergence efforts to resolve them.

Table of Contents:

1 Financial Reporting and Accounting Standards

2 Conceptual Framework for Financial Reporting

3 The Accounting Information System

4 Income Statement and Related Information

5 Statement of Financial Position 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, Provisions, and Contingencies

14 Non-Current Liabilities

15 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 Presentation and Disclosure in FinancialReporting