Includes index.

1. Financial Accounting: Its Nature and Its Environment -- 2. The Conceptual Foundations of Financial Reporting and Accounting -- 3. Measuring and Reporting Assets, Liabilities -- 4. Measuring and Reporting Income and other Changes in Owners' Equity -- 5. Reporting Funds Flows and Changes in Financial Position -- 5. A Review of Accounting Systems -- 7. Accounting Measurement Using Compound Interest Methods -- 8. Cash, Cash Equivalents, and Receivables -- 9. Inventory Valuation and Measurement of Cost of Goods Sold -- 10. Additional Dimensions of Inventory Valuation -- 11. Acquisitions of Operating Assets -- 12. Use and Disposal of Operating Assets -- 13. Liabilities and Contingencies -- 14. The Fundamental Components of Stockholders' Equity -- 15. Additional Components and Changes in Stockholders' Equity.

Intermediate Accounting has the broad objective of providing teachers and students with an effective tool for teaching and learning financial accounting theory and practice. There are several books that claim to meet that goal. We think that we have done some things that bring our book closer to achieving it than the others.