Intermediate Accounting, 3e, by Spiceland/Sepe/Tomassini will gain support in traditional
and technology-driven accounting departments, especially those looking for a more concise,
decision-making text that reinforces challenging concepts via CD-ROM. The revision of this
text is based around a "Learning System." The revision of this "Learning
System" was built on improving the clarity of the chapters, emphasizing more
decision-making in order to prepare students for the changes taking place on the CPA exam,
acknowledging the diversity of students and their learning styles by creating supplemental
materials to assure the success of every student, and creating a consistent text and
supplemental package for both students and instructor's giving us the best possible
intermediate text on the market. Returning to the Third edition is the award winning
"Coach" CD-ROM. The Coach CD-ROM is a multimedia product integrating audio and
video clips, animated illustrations, cases, and alternative reading material that helps
students comprehend some of the more difficult topics associated with intermediate
accounting. Designed specifically for the Spiceland text, instructors and students will
find these learning tools placed strategically throughout the text. This is the most
comprehensive Learning System in Intermediate Accounting. At only 1120 pages (300 pages
less than the average intermediate accounting text), Spiceland/S/T has not sacrificed
content for pages. Instead, the authors have created a very flexible text with a student
friendly writing style that focuses on explaining not just how to apply a procedure, but
why it's applied.
New to This Edition
Reorganization of Chapters
3, 4, and 5. Based on extensive market feedback, the authors rearranged these chapters so
that the basic financial statements are presented contiguously in Chapters 3 and 4.
Consequently, the balance sheet is now covered before presenting the income measurement
material.
Chapter 4--Early coverage of
Earnings Management/Earnings Quality. Part "A" of this chapter, the income
statement, has been restructured by framing the discussion of income statement
presentation within the context of earnings quality/earnings management. As one of the
HOTTEST topics in the news today, Earnings Quality refers to the ability of reported
earnings (income) to predict a company's future earnings. Financial analysts evaluate a
company's earnings quality by attempting to separate a company's transitory earnings
effects from its permanent earnings. This analysis is critical to investment decisions.
Decision Makers'
Perspective--sections added to various chapters throughout the text to help students learn
how to apply the knowledge they learn in class to the real world after graduation.
Earnings Management topics are often revisited in these sections of the text. This text
addresses the issues of how creditors use information about accounts receivables and
inventories, determine which information is useful to investors, and why managers choose a
particular accounting method over an allowable alternative. By the end of this course,
students will be able to use accounting information to make decisions, understand
financial reporting issues, and most importantly, critically evaluate reporting
alternatives.
Updated real-world examples
featuring a variety of companies such as Microsoft, Ford, and Gap, Inc. help students
understand theoretical concepts by studying the decisions made by progressive companies.
Updated FASB
Pronouncements--130, 131, 132, 133, 137, 141-146 all incorporated throughout the text with
material detailing the impacts of these pronouncements.
Revenue Recognition--Revenue
recognition has become one of the hottest financial reporting issues. The most frequently
cited issue in federal class action litigation is improper revenue recognition. Complex
business transactions, particularly for high technology companies, make revenue
recognition a difficult task, one that needs to be thoroughly understood by students.
Chapter 14, Bonds and
Long-Term Notes, has been reorganized to create greater flexibility in the choice of
topics to be covered. 3 Parts: Postretirement Benefits Other than Pensions, Stock-Based
Compensation Plans, and Other Compensation Prior to Retirement.
Coverage of accounting
errors expanded in Chapter 22--Using Enron's error correction experience as backdrop.
These topics will show the relevance of accounting to students.
Updated Computerized Test
Bank--Each chapter of the TB has a planning grid that classifies each question according
to the primary learning objective and the level of learning that it tests. Learning
levels, based on a form of Bloom's educational taxonomy, divides questions as follows:
Level One--Knows terms & facts. Level Two--Understands Principles and Concepts. Level
Three--Applies Principles and Concepts. Many questions have been revised or updated from
the 2e test bank, several redundant ones have been eliminated and many new ones have been
included. The new questions emphasize more critical thinking and increased emphasis on
interpreting information from real world financial statements and disclosures.
Online Learning Center- The
OLC is a dynamic website providing students with added material that traditionally has
been available at an additional cost. The Spiceland OLC includes quizzes, practice sets,
articles, Excel Templates, PPT Slides, Electronic Cases, Check Figures, FASB Pronouncement
Summaries, links to Relevant News and References, and Flash Cards. There are also 60
Real-Time, Real-World Electronic cases. Each case has solutions and links to other
websites. The OLC is free with the purchase of a new text. (www.mhhe.com/spiceland3e)
Expanded coverage of
comprehensive income. Comprehensive income, as covered in the first and second editions,
will now include real-world disclosure examples and presentations.
McGraw-Hill's Knowledge
Gateway--The Complete Resource for Teaching Online Courses. McGraw-Hill/Irwin, in
partnership with Eduprise, is proud to bring this unique service to instructors. This
comprehensive Website contains a wealth of information for any professor interested in
teaching online. Level one is available to any instructor browsing our Website. Level two
is reserved for McGraw-Hill customers and contains access to free technical and
instructional design assistance. For more details, visit http://mhhe.eduprise.com/home.nsf
PageOut is McGraw-Hill's
unique point-and click course Website tool, enabling you to create a full-featured,
professional quality course Website without knowing HTML coding. With PageOut you can post
your syllabus online, assign McGraw-Hill Online Learning Center or eBook content, add
links to important off-site resources, and maintain student results in the online grade
book. You can send class announcements, copy your course site to share with colleagues,
and upload original files. PageOut is free for every McGraw-Hill/Irwin user and, if you're
short on time, we even have a team ready to help you create your site!
You can customize this text
with McGraw-Hill/Primis Online. A digital database offers you the flexibility to customize
your course including material from the largest online collection of textbooks, readings,
and cases. Primis leads the way in customized eBooks with hundreds of titles available at
prices that save your students over 20% off bookstore prices. Additional information is
available at 800-228-0634.
Features
Coach CD-ROM--The Coach
CD-ROM is an interactive CD-ROM that is fully integrated throughout the text, helping
students understand some of the more difficult topics surrounding Intermediate Accounting.
This CD-ROM includes audio & video clips to help visual learners comprehend difficult
topics in an environment that is more suitable to their learning needs. There are also
animated illustrations, electronic cases, review exercises, and additional journal
readings.
Author-written
supplements--The Spiceland author team writes all primary supplements to ensure a perfect
fit between the text and supporting materials.
Conceptual
Emphasis--Spiceland is more conceptual in how it successfully explains not just how to
account for something, but why you account for it in a particular manner.
Flexibility--The author team
has organized the chapters modularly so basic concepts are covered early in the chapter,
while more difficult concepts can be studied later, or skipped completely. With other
encyclopedic texts, this can be very difficult for instructors to accomplish.
Chapter Opening Financial
Reporting Cases--Each chapter opens with a Financial Reporting Case that places the
students in the role of the decision-maker. These cases help students understand why and
how the material covered in a given chapter is applied in business. Questions relating to
these cases are placed appropriately throughout the chapter where the learned concepts can
be applied. Solutions to these questions are located in the End-of-Chapter material.
Ethical Dilemmas--Ethical
boxes are integrated throughout the text and are intended to create an awareness of
accounting issues with ethical ramifications. This timely information is great for
classroom discussions and ask students to consider situations dealing with fraud,
accounting for contingencies, and post-retirement pension plans.
Global
Perspectives--International boxes integrated throughout the text to give students a sense
of how accounting is use in other countries. Students will get some insight into how
income tax regulations are handled in other countries, how investments are reported, and
uniformity of accounting standards in a global marketplace.
Additional Consideration
Boxes provide students with more detail on selected topics such as understanding ratios,
LIFO/FIFO, and goodwill.
Broaden Your Perspective
Cases--An integral part of each chapter, these cases prepare students for the New Uniform
CPA exam by helping them develop these four critical skills: research, analysis, judgment,
and communication. These cases allow students to apply the knowledge they are gaining in
the course.
Concept Review Exercises
w/Solutions--Reinforces the understanding of chapter material, and allows students to
apply concepts and procedures learned in earlier chapters prior to their homework
assignment. Some chapters will discuss more than one distinct topic, and in so doing, a
concept review exercise will immediately follow.
PowerWeb. This online
reservoir of discipline-specific news articles and essays offer a great way to keep your
course current, while complementing textbook concepts with real-world applications.
Articles and essays from leading periodicals and niche publications in specific
disciplines are reviewed by professors like you to ensure fruitful search results every
time. PowerWeb also offers current news, weekly updates with assessment, interactive
exercises, Web research guide, study tips, and much more! http://www.dushkin.com/powerweb.
BusinessWeek Edition. Your
students can subscribe to 15 weeks of Business Week for a specially priced rate of $8.25
in addition to the price of the text. Students will receive a pass code card
shrink-wrapped with their new text. The card directs students to a Website where they
enter the code and then gain access to BusinessWeek's registration page to enter address
info and set up their print and online subscription as well.
Wall Street Journal Edition.
Your students can subscribe to the Wall Street Journal for 15 weeks at a specially priced
rate of $20.00 in addition to the price of the text. Students will receive a "How To
Use the WSJ" handbook plus a pass code card shrink-wrapped with the text. The card
directs students to a Website where they enter the code and then gain access to the WSJ
registration page to enter address info and set up their print and online subscription,
and also set up their subscription to Dow Jones Interactive online for the span of the
15-week period.
Standard & Poor's
Educational Version of Market Insight. McGraw-Hill/Irwin is proud to partner with Standard
& Poor's to offer access to the Educational Version of Standard & Poor's
Market Insight(c). This rich online resource provides six years of financial data for over
370 top companies. The password-protected Website is the perfect way to bring real data
into today's classroom. This is free with selected McGraw-Hill titles, and is available
for an extra $5 with additional titles. Contact your rep for more information or visit
www.mhhe.com/edumarketinsight.
GradeSummit(TM) is a dynamic
self-assessment and exam preparation service for students and instructors. Detailed
diagnostic analysis of strengths and weaknesses enables efficient and effective study for
students and effortless information for instructors. Find out more at www.gradesummit.com.
Table of Contents
The Role of Accounting as an
Information System
- Chp.1 Environment and
Theoretical Structure of Financial Accounting
- Chp.2 Review of the
Accounting Process
- Chp.3 The Balance Sheet and
Financial Disclosures
- Chp.4 The Income Statement
and Statement of Cash Flows
- Chp.5 Income Measurement and
Profitability Analysis
- Chp.6 Time Value of Money
Concepts
Economic Resources
- Chp.7 Cash and Receivables
- Chp.8 Inventories:
Measurement
- Chp.9 Inventories:
Additional Issues
- Chp.10 Operational
Assets:Acquisition and Disposition
- Chp.11 Operational
Assets:Utilization and Impairment
Financial Instruments
- Chp.12 Investments
- Chp.13 Current Liabilities
and Contingencies
- Chp.14 Bonds and Long Term
Notes
- Chp.15 Leases
- Chp.16 Accounting for Income
Taxes
- Chp.17 Pensions
- Chp.18 Employee Benefit
Plans
- Chp.19 Shareholders' Equity
Additional Topics
- Chp.20 Earnings per Share
- Chp.21 Accounting Changes
and Error Corrections
- Chp.22 The Statement of Cash
Flows Revisited
1120 pages