 |
| Intermediate Accounting kieso 16 Edition 2016 كتاب المحاسبة المتوسطة كيسو مع الحلول نسخة 16 اصدار 2016 |
Brief Contents
1 Financial Accounting and Accounting
Standards 2
2 Conceptual Framework for Financial
Reporting 36
3 The Accounting Information System 78
4 Income Statement and Related Information 152
5 Balance Sheet and Statement of Cash
Flows 200
6 Accounting and the Time Value of Money 266
7 Cash and Receivables 324
8 Valuation of Inventories: A Cost-Basis
Approach 386
9 Inventories: Additional Valuation Issues 442
10 Acquisition and Disposition of Property, Plant,
and Equipment 502
11 Depreciation, Impairments, and Depletion 552
12 Intangible Assets 610
13 Current Liabilities and Contingencies 658
14 Long-Term Liabilities 718
15 Stockholders’ Equity 774
16 Dilutive Securities and Earnings per Share 834
17 Investments 898
18 Revenue Recognition 978
19 Accounting for Income Taxes 1052
20 Accounting for Pensions and Postretirement
Benefits 1116
21 Accounting for Leases 1194
22 Accounting Changes and Error Analysis 1266
23 Statement of Cash Flows 1330
24 Full Disclosure in Financial Reporting 1402
APPENDICES
A Private Company Accounting A-1
B Specimen Financial Statements: The Procter &
Gamble Company B-1
C Specimen Financial Statements: The Coca-Cola
Company C-1
D Specimen Financial Statements: PepsiCo, Inc. D-1
E Specimen Financial Statements: Marks and
Spencer plc E-1
From the Authors
Through many editions, this textbook has continued to reflect the constant changes taking
place in the GAAP environment. This edition continues this tradition, which has become
even more significant as the financial reporting environment is exploding with major change.
Here are three areas of major importance that are now incorporated extensively into this
edition of the textbook.
Convergence of GAAP and IFRS One of the most important innovations shaping our
capital markets was the idea of GAAP. It might be said that it would be even better if we
had one common set of accounting rules for the
whole world, which would make it easier for international
investors to compare the financial results of
companies from different countries. Fortunately,
GAAP and international accounting standards have
converged to result in a number of common
standards between GAAP and International
Financial Reporting Standards (IFRS). And you
have the chance to be on the ground floor as we
develop for you the similarities and differences in the
two systems that ultimately will be one.
A Fair Value Movement The FASB believes that
fair value information is more relevant to users than
historical cost. As a result, there is more information that is being reported on this basis,
and even more will occur in the future. The financial press is full of articles discussing how
financial institutions must fair value their assets, which has led to massive losses during the
recent credit crisis. In addition, additional insight into the reliability related to fair values
is being addressed and disclosed to help investors make important capital allocation
decisions. We devote a considerable amount of material that discusses and illustrates fair
value concepts in this edition.
A New Way of Looking at Generally Accepted Accounting Principles (GAAP)
Learning GAAP used to be a daunting task, as it is comprised of many standards
that vary in form, completeness, and structure. Fortunately, the profession has
developed the Financial Accounting Standards Board Codification (often referred to
as the Codification). This Codification provides in one place all the GAAP related to
a given topic. This textbook is the first to incorporate this Codification—it will make
learning GAAP easier and more interesting!
Intermediate Accounting is the market-leading textbook in providing the tools needed to understand
what GAAP is and how it is applied in practice. With this Sixteenth Edition, we strive to continue
to provide the material needed to understand this subject area. The textbook is comprehensive
and up-to-date. We also include proven pedagogical tools, designed to help you learn more
effectively and to answer the changing needs of this course.
We are excited about Intermediate Accounting, Sixteenth Edition. We believe it meets an
important objective of providing useful information to educators and students interested in
learning about both GAAP and IFRS. Suggestions and comments from users of this textbook
will be appreciated. Please feel free to e-mail any one of us at AccountingAuthors@yahoo.com.
Donald E. Kieso Jerry J. Weygandt Terry D. Warfield
Somonauk, Illinois Madison, Wisconsin Madison, Wisconsin
“If this textbook helps you appreciate
the challenges, worth, and limitations of
financial reporting, if it encourages you to
evaluate critically and understand financial
accounting concepts and practice, and if it
p repares you for advanced study, professional
examinations, and the successful and
ethical pursuit of your career in accounting
or business in a global economy, then we
will have attained our objectives.”
Author Commitment
Don Kieso
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, 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. 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 Weygandt
JERRY J. WEYGANDT, PhD, CPA, is Arthur Andersen Alumni Emeritus Professor of Accounting at the University
of Wisconsin—Madison. He holds a Ph.D. 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 j ournals. 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) of that organization. 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 on the board of directors of M & I Bank of Southern
Wisconsin. 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 Warfield
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.
The Sixteenth Edition expands our emphasis on student learning and improves upon a teaching and learning package that
instructors and students have rated the highest in customer satisfaction. Based on extensive reviews, focus groups, and
interactions with other intermediate accounting instructors and students, we have developed a number of new pedagogical
features and content changes, designed both to help students learn more effectively and to answer the changing needs of the
course.
WHAT’S NEW?
WileyPLUS with ORION Over 3,500 questions, including new medium-level, computational, and
accounting-cyclebased
questions, are available for practice and review. is an adaptive study and practice tool
that helps students build proficiency in course topics.
WileyPLUS Videos Over 150 videos are available in WileyPLUS. The videos walk students through relevant homework
problems and solutions and review important concepts.
Review and Practice and Solutions New practice opportunities with solutions are integrated throughout the
textbook and WileyPLUS course. Each textbook chapter now provides students with a Review and Practice section
that includes learning objective summaries, a key term listing, and a practice problem with solution.
Updated IFRS Insights Content We have updated the end-of-chapter section, IFRS Insights, throughout the
textbook. In addition, in the Relevant Facts section, we now present Similarities as well as Differences between GAAP
and IFRS to increase student understanding.
Major Content Revisions In response to the changing environment, we have signifi cantly revised several
chapters.
CHAPTER 4 Income Statement and Related Information
• Revised discussion and presentation of unusual and infrequent gains and losses, as well as discontinued operations,
per recent accounting standards.
• Deleted discussion of extraordinary items to reflect the most recent accounting standards.
CHAPTER 9 Inventories: Additional Valuation Issues
• New discussion and end-of-chapter material on lower-of-cost-or-net realizable value and lower-of-cost-or-market to
reflect the most recent accounting standards.
CHAPTER 17 Investments
• Discussion and update of material in response to the recent standard on classification and measurement.
CHAPTER 18 Revenue Recognition
• New discussion based on the recent FASB ruling on the revenue recognition principle. Legacy GAAP discussion is
available online.
See the next two pages for a complete list of content revisions by chapter.
27.8MB
