I have found some of the training that often frustrates most students is to understand and prepare a cash flow statement, income statement and balance sheet. This book is written in a way that really facilitates understanding of the statements, but it would certainly be a plus if the reader had no previous knowledge of basic accounting principles. Managerial Intermediate Accounting Hardcover Financial Accounting and Reporting Textbook
Friday, July 29, 2011
Intermediate Accounting Hardcover Donald E. Kieso
Aside from having to buy new, there is reason to suffer Kieso series, including this 13 edition of Intermediate Accounting, which is really Financial Accounting II. These authors have made every effort to make the subject progressively more available in each edition. I know because I have suffered through the exercise again, too. I have a master's degree in accounting and is a CPA. It is surprising how many accounting texts assume that the students have some prerequisite skills and knowledge, and equally surprising how so many are professors want to teach about what will increase their knowledge base instead of teaching the students. The Kieso books are really textbooks. I buy used earlier versions of myself only as a reference because they are so well made and so cheap. Not all CPA do it, but I practice accounting.
You will be lucky if the professor is lenient enough to go with an older series, as most students quickly sell these books when the course is over, so used versions are much cheaper. But most professors insist that the latest edition. I think they are justified because their authority rests on being up to date. In this 13th edition, is a strong emphasis on international accounting standards, and you can be sure that professors want to bone up on this myself. The financial meltdown has discredited the entire U.S. financial complex, and the result is that the move is now stronger in the direction of international accounting standards instead of U.S. GAAP. Although the authors expect that everyone wants to use the cheaper previous release, so they always change at the end of chapter problems. The publisher also provides professors with additional materials, including exam material, so there is always an incentive for teachers to use the latest version and claim it is the only acceptable reason for the end of chapter problems.
These are really heavy books - not fun to carry around. The book weighs 6.2 pounds. It's ridiculous. 1440 pages, and you darn well need to know this material. This gives some indication of why so many people, despite knowing that a good accountant will tend to be employed in a recession, will not even consider this route. But at least Kieso books other than their workbooks hardcover with large dimensions and high-quality paper and binding. Nothing is worse than using a thick binder text that feels like a phone book. Unfortunately they are expensive new, and one day you could buy, 18 version used at a fraction of that price.
Note that if you need WileyPlus access to the code, it is not in this book. If your teacher makes you code, you have to spend even more money. You can access the code on Wileyplus website. A kind of student emailed me the code now costs $ 83.50 on the spot. Wiley also included separate contracts with some but not all college bookstores, but so are prices vary widely in college bookstore level. Sometimes, depending on how the professor intends to use WileyPlus resource, you can ask only the professor and get the code, but such cases are rare.
A word of warning and encouragement: The Intermediate Accounting course with the first, accounting, the two that have traditionally been used to weed out students to become accounting majors. You have to spend much more time on this course than you normally would for a regular course. Good luck - I wish you good luck!
Labels:
Accounting,
Hardcover,
Intermediate,
Text book
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