Intermediate Accounting Demystified

Accounting as easy as 1-2-3! Do you know the difference between FIFO and LIFO? Can you use the word dilutive in a sentence? Does the phrase 'amortization of bond premiums' mean anything to you? No one said the journey to becoming a CPA is easy - but with "Intermediate Accounting DeMYSTiFieD" as your travel companion, you're guaranteed a smooth ride. An easy-to-use self-teaching guide that reviews and expands upon core Generally Accepted Accounting Principles (GAAP), "Intermediate Accounting DeMYSTiFieD" covers everything you need to ace your exams and take a big step toward the career of your dreams. This book provides a fresh review of all the basics, so you can easily glide into more advanced principles. It helps you learn how to generate accurate and reliable financial statements, maintain proper internal controls within a company, and locate international accounting standards. This fast and easy guide offers: tactics for maintaining solid internal controls within a business; strategies for creating accurate financial statements; techniques for overcoming common accounting errors; quizzes and a final exam for gauging what you've learned; and, tips and examples for mastering more advanced accounting theories. Simple enough for a novice but challenging enough for a veteran CPA, "Intermediate Accounting DeMYSTiFieD" is a shortcut to decoding key accounting concepts and principles. 

Section 1: The Balance Sheet -- Assets: What Do I Own? 1. Cash 2. Inventory 3. Long Term Receivables 4. Investments 5. Property, Plant, and Equipment 6. Intangibles Section 2: The Balance Sheet -- Liabilities: What Do I Owe? 7. Current Liabilities 8. Long Term Liabilities Section 3: The Balance Sheet -- Stockholder's Equity: What Is Left Over? 9. Contributed Capital 10. Earnings Per Share 11. Retained Earnings Section 4: The Income Statement: How Much Have I Earned? 12. Income Measurement 13. Income Taxes 14. Pensions 15. Leases 16. Statement of Cash Flows Section 5: Additional Tough Topics Made Easy 17. Accounting Changes and Errors 18. International Accounting Standards