Financial accounting is undergoing a period of unprecedented change. The FASB and IASB have been working together to issue converged accounting standards that will dramatically change key reporting areas, and more generally have sought to converge accounting standards over time. In late 2011, the SEC will announce its decision on whether large public companies in the U.S. will be able to choose whether to report under U.S. GAAP or IFRS or if all companies are anticipated to be reporting under IFRS in the near future. So, while there currently is considerable overlap between U.S. GAAP and IFRS, and that overlap is increasing as convergence continues, important differences remain. To help instructors deal with the challenging environment, the Spiceland team is committed to providing current, comprehensive and clear coverage of intermediate accounting. The 7th edition reflects this commitment with the following innovations.
J. David Spiceland received his MBA at Southern Illinois University and his Ph.D. at University of Arkansas. Dr. Spiceland has been recognized for his teaching, and is active in the AAA.
Jim Sepe received his MBA at the University of California—Berkeley and his Ph.D. at the University of Washington. He has received numerous teaching awards at Santa Clara University.
Mark Nelson is the Eleanora and George Landew Professor of Accounting at Cornell University’s Johnson Graduate School of Management, where he has been teaching Intermediate Accounting at the MBA level out of Spiceland's Intermediate Accounting for several years. He received his BBA degree from Iowa State University and his MA and PhD degrees from Ohio State University.
This is an excellent textbook for learning IA 1 & 2, as it is typically split by universities. I have used this textbook to teach myself IA1 and am using it for IA2, as I take these courses online without any benefit of notes or a lecture from a professor. There are comprehensive examples, well-thought out explanations of details, acknowledgement of some inconsistencies in GAAP accounting practices, and information regarding potential changes being instituted by FASB and the path toward convergence with IFRS. In addition, the online Connect teaching tool, through the McGraw-Hill website, is really very good. You get really good practice with necessary calculations and setting up journal entries.
It is a massive book and at the end you're going to look at it and be shocked that you actually read the whole thing, but it will teach you so much. I typically rent my textbooks, but I bought this one, despite the cost, because I know that I will be referring to it frequently throughout my accounting classes and as I prepare to take the CPA exam. Can't go wrong with the Spiceland textbook.
Product Details :
- Hardcover: 1280 pages
- Publisher: McGraw-Hill/Irwin; 7 edition (March 9, 2012)
- Language: English
- ISBN-10: 0077614046
- ISBN-13: 978-0077614041
- Product Dimensions: 2.1 x 9.5 x 11.5 inches
More Details about Intermediate Accounting with Annual Report, 7th Edition
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