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Bestsellers in INTERMEDIATE ACCOUNTING

Accounting Information Systems The Processes And Control 2nd Edition By Leslie Turner - Test Bank

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Digital item No Waiting Time Instant Download ISBN-10: 1118162307 ISBN-13: 978-1118162309 Publisher: Wiley; 2nd edition Authors: Leslie Turner,Andrea B. Weickgenannt
$15.00

Test Bank For Income Tax Fundamentals 2017 35th Edition by Gerald E. Whittenburg

$45.00
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  • Digital item No Waiting Time Instant Download
  • ISBN-10 ‏ : ‎ 1337374067
  • ISBN-13 ‏ : ‎ 978-1337374064
$45.00

Understanding Financial Statements 11th Edition By Ormiston Frasier -Test Bank

$25.00
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Digital item No Waiting Time Instant Download Publisher ‏ : ‎ Pearson; 11th edition (December 24, 2014) Author: Lyn Fraser Aileen Ormiston Language ‏ : ‎ English ISBN-10 ‏ : ‎ 0133874036 ISBN-13 ‏ : ‎ 978-0133874037
$25.00

Test Bank For Accounting Principles 7Th Canadian Edition Volume 2 By Jerry J. Weygandt

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Digital item No Waiting Time Instant Download ISBN-13: 978-1119048473 ISBN-10: 1119048478
$22.00

Test Bank For Advanced Accounting 12 edition Paul M Fischer William J Taylor Rita H Cheng

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Digital item No Waiting Time Instant Download ISBN-13: 978-1305084858 ISBN-10: 1305084853
$28.00

Test Bank For Income Tax Fundamentals 2016 34th Edition

$28.00
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Test Bank For Income Tax Fundamentals 2016 34th Edition provides comprehensive coverage of tax laws and regulations. The Test Bank helps readers learn and understand the tax code, as well as how to prepare accurate tax returns. In addition, the Test Bank includes practice questions and answers to help reader Test their knowledge of the material. The Test Bank For Income Tax Fundamentals 2016 34th Edition is an essential resource for anyone who needs to master the tax code.
$28.00

Practicing Financial Planning For Professionals and CFP Aspirants12th Edition by Sid Mittra - Test Bank

$24.00
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Digital item No Waiting Time Instant Download ISBN-13: 978-9386042859 ISBN-10: 9789386042859 Authors: Sid Mittra,Anandi P Sahu, Brian Fischer Publisher ‏ : ‎ SAGE Publications Pvt. Ltd
$24.00

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Test Bank for Organizational Behavior, 17th Edition, Stephen P. Robbins, Timothy A. Judge

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Digital item No Waiting Time Instant Download ISBN-10: 0134182073 ISBN-13: 978-0134182070 Publisher ‏ : ‎ Pearson; 17th edition Authors: Stephen P. Robbins, Timothy A. Judge
$25.00

Accounting Information Systems The Processes And Control 2nd Edition By Leslie Turner - Test Bank

$15.00
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Digital item No Waiting Time Instant Download ISBN-10: 1118162307 ISBN-13: 978-1118162309 Publisher: Wiley; 2nd edition Authors: Leslie Turner,Andrea B. Weickgenannt
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solution Manual for Financial Accounting: Tools for Business Decision-Making, 6th Canadian Edition

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Digital item No Waiting Time Instant Download SBN: 978-1-118-80505-3 Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine Edition : 6th
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solution manual Modern Advanced Accounting in Canada 7 Hilton

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Digital item No Waiting Time Instant Download ISBN-10: 1259066487 ISBN-13: 978-1259066481 Publisher ‏ : ‎ McGraw-Hill Ryerson Authors: Murray W. Hilton, Darrell Herauf Edition: 7th
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Intermediate Accounting Volume 2,11th Canadian Edition Solution Manual

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Digital item No Waiting Time Instant Download ISBN-10: 1119274427 ISBN-13: 978-1119274421 Publisher ‏ : ‎ Wiley; 11th edition Author: Donald E. Kieso
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Auditing The Art and Science of Assurance Engagements Canadian Twelfth Edition 12th Edition by Arens sm

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Digital item No Waiting Time Instant Download ISBN-10: 0132791560 ISBN-13: 978-0132791564 Publisher ‏ : ‎ Pearson Canada Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Ingrid B. Splettstoesser Edition : 12th
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Introduction To Information Systems Canadian 4th Edition By Rainer - Test Bank

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Digital item No Waiting Time Instant Download ISBN-10: 1119309905 ISBN-13: 978-1119309901 Publisher ‏ : ‎ Wiley Authors: R. Kelly Rainer
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Intermediate Accounting Volume 1, 11th Canadian Edition by Bruce J. McConomy; Donald E. Kieso - Test Bank

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Digital item No Waiting Time Instant Download ISBN-10: 1119048532 ISBN-13: 978-1119048534 Authors : Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Nicola M. Young, Irene M. Wiecek, Bruce J. McConomy Publisher ‏ : ‎ Wiley
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Intermediate Accounting 11th Canadian Edition Volume 2 by Donald E. Kieso - Test Bank

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Digital item No Waiting Time Instant Download ISBN-10: 1119048540 ISBN-13: 978-1119048541 Publisher ‏ : ‎ Wiley Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Nicola M. Young, Irene M. Wiecek, Bruce J. McConomy
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Financial Accounting: Tools for Business Decision-Making, 6th Canadian Edition Test Bank

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Digital item No Waiting Time Instant Download Publisher ‏ : ‎ Wiley (Dec 10 2013) Edition : 6th Canadian Edition ISBN – 9781118644942
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Experiencing MIS 4Th Ed by David M. Kroenke - Test Bank

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Digital item No Waiting Time Instant Download ISBN-10: 0133768872 ISBN-13: 978-0133768879 Publisher ‏ : ‎ Pearson Canada 4th edition
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Auditing The Art And Science of Assurance Engagements Canadian 12th Edition By Arens - Test Bank

$24.00
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  • ISBN-10 ‏ : ‎ 0132791560
  • ISBN-13 ‏ : ‎ 978-0132791564
  • Publisher ‏ : ‎ Pearson Canada; 12th edition (November 2, 2012)
  • Language ‏ : ‎ English
  • Author Alvin A. Arens , Randal J. Elder  Mark S. Beasley , Ingrid B. Splettstoesser 
$24.00

Practicing Financial Planning For Professionals and CFP Aspirants12th Edition by Sid Mittra - Test Bank

$24.00
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Digital item No Waiting Time Instant Download ISBN-13: 978-9386042859 ISBN-10: 9789386042859 Authors: Sid Mittra,Anandi P Sahu, Brian Fischer Publisher ‏ : ‎ SAGE Publications Pvt. Ltd
$24.00

Using Financial Accounting Information The Alternative to Debits and Credits 10 Edition Gary A Porter Curtis L Norton Test Bank

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Digital item No Waiting Time Instant Download ISBN-10: 1337276413 | ISBN-13: 9781337276412 Authors: Gary A. Porter, Curtis L. Norton Publisher ‏ : ‎ Cengage Learning
$23.00

Understanding Financial Statements 11th Edition By Ormiston Frasier -Test Bank

$25.00
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Digital item No Waiting Time Instant Download Publisher ‏ : ‎ Pearson; 11th edition (December 24, 2014) Author: Lyn Fraser Aileen Ormiston Language ‏ : ‎ English ISBN-10 ‏ : ‎ 0133874036 ISBN-13 ‏ : ‎ 978-0133874037
$25.00

Test Bank For The Management of Technology And Innovation A Strategic Approach 2nd Edition By Margaret A. White

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Digital item No Waiting Time Instant Download ISBN-13: 978-0538478229 ISBN-10: 0538478225
$19.00

What is intermediate accounting?

Intermediate Accounting is a course of study in financial accounting. In traditional universities, it is often taught in a two-semester sequence. The students majoring in accounting are required to take this subject, usually during their junior year.

Intermediate accounting is the next step in learning financial accounting after one has studied and mastered accounting basics. It covers essential topics like debits and credits, the concept of double entry accounting cycle and accounting equation, T accounts, and basic rules on how to account for business.

In intermediate accounting, you learn about current liabilities and long-term liabilities. A liability is an amount of money that one business owes to another. Current liabilities are the amounts that you need to pay within a year.

Why study Intermediate Accounting?

Intermediate accounting is a very important subject as it delves deep into the more complex, more challenging aspects of accounting practices. It covers topics and accounting situations that go beyond the basics, including the following:

Time value of money

Intermediate accounting involves advanced time value issues, such as deferred annuities and long-term bonds. 

  • Annuities are multiple payments over a period of time that you either make or receive. 
  • Deferred annuities are a type of annuity contract that delays payments to the investor until the investor elects to receive them. 
  • Long-term bonds are bonds a business holds in another company that extends out more than twelve months into the future.

Accounting for retail inventory

Inventory cost-flow assumptions are a big topic in financial accounting. An exciting expansion on this topic in intermediate accounting is accounting for retail inventory.
The retail inventory method uses a cost ratio to convert the ending inventory valued at retail to cost. 

Accounting for property, plant, and equipment

Intermediate accounting gets into the nitty-gritty of accounting for an involuntary conversion such as theft. When this happens, a company has to record the difference between insurance proceeds and the asset’s net book value as gain or loss on disposal of the asset.

Research and development expenses (R&D)

Intermediate accounting shows you how to handle the costs of R&D, such as when a drug company is developing a product to bring to market.

Accounting for income taxes

Intermediate accounting covers how to calculate the difference between financial and tax accounting. A significant difference between the two is financial and tax depreciation. Financial depreciation takes the long-way home, while tax depreciation takes the shortcut through the vacant lot! So net income between the two will differ.

Importance of Intermediate Accounting

Intermediate accounting is very important for accounting majors as it serves as the basis for their future accounting coursework. Obviously, it is of great importance that students entering Intermediate Accounting are adequately prepared for the course.

It is designed to discuss the theoretical foundation of financial accounting, fundamental issues related to measurement, reporting of financial statements, and disclosure issues related to current assets. Also, the course in Intermediate Accounting provides information relating to revenue recognition.

Students majoring in Intermediate Accounting learn how to explain and generate financial statements. As a result, they will be able to comprehend a wide range of financial and managerial concepts and procedures. In addition, this degree also provides students with the necessary basis for studying for the Certified Public Accountant exams. It also prepares them for a number of other professions like Finance, education, real estate, and health care administration.

Carrier Growth

Many people assume Intermediate accounting is a one-dimensional field. However, as technology advances and businesses become more complex, the role of intermediate accountants is dynamic. Intermediate Accountants are no longer number crunchers. They are strategic advisors that have a bottom-line impact on the health of a business. It’s no surprise that the demand for accountants will continue to grow. 

Accounting is not a profession that’s going away anytime soon. Virtually every business needs an accountant or the services of an external accounting firm, and even the average person has reasons to hire an accountant from time to time. As long as people need help with taxes and businesses exist, there will be a need for accountants. 

Test Bank Resources

In order to learn intermediate accounting, you should take an intermediate accounting course, purchase a workbook, comprehend liabilities, understand cash flow, analyze financial statements, take notes and do practice problems. You can buy test banks in intermediate accounting. “Test bank for intermediate accounting 15th edition by kieso” is a comprehensive resource book for preparing intermediate accounting. 

The bestselling book on intermediate accounting, Kieso, is an excellent reference for practicing accountants and an invaluable resource for anyone entering the field. They’ll learn how to leverage everyday accounting programs like Excel, GLS, and other computerized accounting software, giving them a strong background in the tools needed in the accounting profession.

Conclusion

The scope of the Intermediate Accounting course is broad: to cover, in considerable detail, the accounting concepts, policies, and practices for most types of economic transactions of businesses. Over time, the scope of intermediate accounting has widened. 

Intermediate accounting covers fundamental topics like debits and credits, the concept of double entry accounting cycle and accounting equation, T accounts, and basic rules on how to account for business. 

 

 

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