Intermediate Accounting

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9780324013078: Intermediate Accounting

Intermediate Accounting presents accounting from the perspective of the essential activities of business: operating, investing, and financing. Students will see accounting as it is in the real world -- an essential component of the management function and decision-making process.

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About the Author:

K. Fred Skousen holds the J. Willard and Alice S. Marriott Chair of Management and is Dean of the Marriott School of Management at Brigham Young University. He earned a bachelor's degree from BYU and master's and Ph.D. degrees from the University of Illinois. Dr. Skousen taught at the University of Illinois and the University of Minnesota prior to joining the faculty at Brigham Young University. In 1983 Dr. Skousen was awarded the Peat Marwick Professorship at BYU. In 1984 Dr. Skousen was elected to the AICPA Council, and in 1985 he received the UACPA Outstanding Faculty Award. Dr. Skousen has been a consultant to the Financial Executive Research Foundation, the Controller General of the United States, the Federal Trade Commission, and to several large companies. He currently serves on the Board of Directors of several corporations. Dr. Skousen is the author or co-author of more than 50 articles, research reports, and books, including Intermediate Accounting, 13th edition. Fred and his wife, Julie, have five sons, one daughter, and nineteen grandchildren.

James D. Stice is the Distinguished Teaching Professor in the Marriott School of Management at Brigham Young University. He is currently the Director of the Marriott School's MBA Program. He holds bachelors and master's degrees from BYU and a Ph.D. from the University of Washington, all in accounting. Professor Stice has been on the faculty at BYU since 1988. During that time, he has been selected by graduating accounting students as "Teacher of the Year" on numerous occasions, he was selected by his peers in the Marriott School at BYU to receive the "Outstanding Teaching Award" in 1995, and in 1999 he was selected by the University to receive its highest teaching award, the Maeser Excellence in Teaching Award. Professor Stice is also a visiting professor for INSEAD's MBA Program in France. Professor Stice has published articles in The Journal of Accounting Research, The Accounting Review, Decision Sciences, Issues in Accounting Education, The CPA Journal, and other academic and professional journals. In addition to this textbook, he has published two other textbooks: Financial Accounting: Reporting and Analysis, and Accounting: Concepts and Applications. In addition to his teaching and research, Dr. Stice has been involved in executive education for such companies as IBM, Bank of America, and Ernst & Young and currently serves on the board of directors of Nutraceutical Corporation. Dr. Stice and his wife, Kaye, have seven children: Crystal, J.D., Ashley, Whitney, Kara, Skyler, and Cierra.

Earl K. Stice is the PricewaterhouseCoopers Professor of Accounting in the School of Accountancy at Brigham Young University, where he has been on the faculty since 1998. He holds bachelor's and master's degrees from Brigham Young University and a PhD from Cornell University.

James D. Stice is the Distinguished Teaching Professor in the Marriott School of Management at Brigham Young University. He is currently Associate Dean of the Marriott School. Dr. Stice served for eight years as the director of BYU's MBA Program. He holds bachelor's and master's degrees in accounting from BYU and a PhD in accounting from the University of Washington.

Review:

Text has very good exercise and problem material. Each exercise is somewhat focused on a specific issue or question rather than trying to cover all possible complex derivations of the issue or concept in one case problem.

My class members frequently commented that they like reading about the reason why accounting procedures were done. They felt that many "unknown" or "assumptions" presented in the introductory courses were solved when they read the intermediate text. They actually enjoyed reading the book and wished that these same authors could have written their intro text!

I have used the virtual community web site and found it extremely timely and useful. The support people were extremely helpful. The approach to material and topical arrangement, end of chapter cases, and business context items were also strengths I found with this text.

I am extremely satisfied with this text. This is the fourth Intermediate text I have used and this is by far the best. I really like how the chapters are ordered. Also, the end of chapter materials are super.

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