Intermediate Accounting with British Airways Annual Report - J. David Spiceland,James Sepe,Mark Nelson

About the book

Rated the most satisfying textbook by students in independent research, Spiceland/Sepe/Nelson's Intermediate Accounting, 6th Edition, has the quality, flexibility, and attention to detail students need to master a challenging subject. It's your Vehicle to Success in the Intermediate Accounting course and beyond! Spiceland/Sepe/Nelson provides a decision maker's perspective to emphasize the professional judgment and critical thinking skills required of accountants today. Reviewers, instructors, and student users of Spiceland have enthusiastically embraced the relaxed, conversational writing style that engages students in an enjoyable and effective learning experience. In addition, accounting's preeminent textbook website provides students a wide variety of electronic learning resources, including iPod content. Study Guide, Instructor's Manual, Solutions Manual, Testbank, and Website content are all created by authors, ensuring seamless compatibility throughout the Spiceland learning package. The end-of-chapter material is also written by the author team and tested in their own classes before being included in Intermediate Accounting. Few areas see the kind of rapid change that accounting does, and the Spiceland team is committed to staying current. The sixth edition fully integrates all the latest FASB Standards, and the authors are committed to keeping you updated with all relevant content changes throughout the edition.

Key features

NEW! McGraw-Hill¿s Connect uses end-of-chapter material pulled directly from the textbook to create static and algorithmic questions that can be used for practice, homework, quizzes, and tests. All new texts come bundled with Connect Plus at no additional cost.

Personal Learning Plan (PLP) connects each student to the learning resources needed for success in the course. For each chapter, students:

Take a practice test to initiate the Personal Learning Plan.
Immediately upon completing the practice test, see how their performance compares to chapter learning objectives or content by sections within chapters.
Receive a Personal Learning Plan that recommends specific readings from the text, supplemental study material, and practice work that will improve their understanding and mastery of each learning objective.

LearnSmart is an adaptive self-study technology within Connect Accounting which provides students with a seamless combination of practice, assessment, and remediation for every concept in the textbook. LearnSmart¿s intelligent software adapts to every student response and automatically delivers concepts that advance the student¿s understanding while reducing time devoted to the concepts already mastered. The result for every student is the fastest path to mastery of chapter concepts.

Applies an intelligent concept engine to identify the relationships between concepts and to serve new concepts to each student only when he or she is ready.
Adapts automatically to each student, so students spend less time on the topics they understand and more practice time on those they have yet to master.
Provides continual reinforcement and remediation, but gives only as much guidance as students need.
Integrates diagnostics as part of the learning experience.
Enables you to assess which concepts students have efficiently learned on their own, thus feeing class time for more applications and discussion.

New and expanded International Financial Reporting Standards (IFRS) boxes include real world examples, side-by-side comparisons with GAAP (when appropriate), and IFRS illustrations from real world companies.
The Testbank and end of chapter material include more IFRS problems and cases.
A new ¿Where We¿re Headed¿ boxed feature describes upcoming FASB pronouncements and other current IFRS convergence issues.
New FASB codification exercises and cases have been added to most chapters.
A new appendix C in the end of the book will include a case for the British Airways company, with the accompanying annual report packaged with the book. The questions accompanying the case will appear in relevant chapters as well, giving instructors the flexibility to teach the annual report with chapters, or as an end-of-the-semester project.
New standards covered in the book:

Discontinued operations changes
EPS changes in chapter 19
Conceptual framework update
Fair value changes

New examples incorporate the current economic crisis.
Dell has replaced Google, as the featured Annual Report company, with a contrasting Annual Report from British Airways also packaged with the book.

- A CPA/CMA Review Questions section in the end-of-chapter material between the Exercises and Problems.
- Star problems: These are problems in each chapter that are designated by a star to indicate that they are particularly challenging, requiring students to combine multiple concepts or requiring judgment beyond explicit explanation in chapter discussions.
- Kaplan CPA Simulations: Students sitting for the computerized CPA exam will confront an interface unlike any they¿ve worked with before. We include Kaplan CPA Simulations that help acquaint students with sample CPA exam questions, in a similar format as the actual exam. Tied to appropriate chapters in the book as part of the end of chapter material, and available for completion on the OLC, these simulations give students an opportunity to develop the skills necessary for success both on the exam, and in the accounting profession.
- Brief Exercises: A much-requested feature, these Brief Exercises appear in the end-of-chapter material, where they offer the opportunity for concise, step-by-step reinforcement before moving on to more complex exercises.
- Statement of Cash Flows: Coverage of the indirect method of presenting cash flows from operating activities has been expanded to include more discussion and an illustration. The concept review exercise has been revised to also include the indirect method, and end-of-chapter materials have been added. The last chapter in the text ¿ The Statement of Cash Flows Revisited ¿ continues to be devoted entirely to in depth coverage of the statement of cash flows.
- CMA Exam Questions: Each chapter now includes a set of multiple choice questions pertaining to issues in those chapters that have appeared in previous Certified Management Accountants (CMA) exams. These not only provide students with additional practice on questions in multiple choice format, but also make them aware of the alternative certification route many of them will take as they pursue careers in corporate accounting.
- Clarity: Spiceland is praised for its readability and ability to explain both simple and complex topics in language that is clear and approachable. Students and instructors will enjoy its conceptual emphasis that successfully explains not just how to account for something, but why you account for it in a particular manner.
- Decision-Making Perspective: Spiceland provides a decision maker¿s perspective to emphasize the professional judgment and critical thinking skills required of accountants today. This text addresses the issues of how creditors use information, 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.
- 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.
- Author-Written Supplements and EOC: Unlike many other texts on the market, the Spiceland author team provides consistency and tight text correlation by writing every major supplement themselves: Study Guide, Instructor¿s Manual, Solutions Manual, Test Bank, and Website content are all created by the authors, ensuring seamless compatibility throughout the Spiceland learning package. The end-of-chapter material is also written by the author team and tested in their own classes before being included.
- Early coverage of Earnings Management/Earnings Quality: 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. Coverage of earnings management is introduced in chapter 4, and then integrated throughout as appropriate to helps students spot potential earnings management situations¿critically important for future auditors.
- 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 will 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 a necessary awareness of accounting issues with ethical ramifications. Great for classroom discussions, they ask students to consider situations dealing with fraud, accounting for contingencies, and post-retirement pension plans.
- Global Perspectives: Reflecting our increasingly global business environment, International boxes integrated throughout the text to give students a sense of how accounting is used in other countries.
- Additional Consideration boxes provide students with more detail on selected topics such as understanding ratios, LIFO/FIFO, and goodwill.
- Concept Review Exercises w/solutions: Included within every chapter for each core issue discussed. Reinforce the understanding of chapter material, and allow students to apply concepts and procedures learned in earlier chapters before attempting homework assignments.