The bestselling book on intermediate accounting, Kieso is anexcellent reference for practicing accountants and an invaluableresource for anyone entering the field. They'll learn how toleverage everyday accounting programs like Excel, GLS, and othercomputerized accounting software giving them a strong background inthe tools needed in the accounting profession. IntermediateAccounting 14th Edition is the market leader inproviding the tools needed to understand what GAAP is and how it isapplied in practice. Through many editions, this textbook hascontinued to reflect the constant changes taking place in the GAAPenvironment. This edition continues this tradition, which hasbecome even more significant as the financial reporting environmentis exploding with major change. There are three areas of majorimportance that are now incorporated extensively into the text: Newway of looking at GAAP, Convergence of U.S. GAAP and IFRS, and FairValue Movement. The core of Kieso's value statement continuesto be authoritativeness and preparation for the profession (CPAexam). New to This Edition: Expanded and Updated Coverage of IFRS: Some of this newcontent has been adapted from the recently published"Intermediate Accounting, IFRS Accounting." In addition, readers will benefit from new end-of-chapter content andassignments specifically related to IFRS.Critical Thinking and Conceptual Understanding: Buildingon traditional strengths from previous editions, the new editionincludes new Accounting, Analysis, and Principles review exercisesto help reinforce these three important elements from eachchapter.Updated Real-world Focus: Contains many newchapter-opening stories and "What Do the Numbers Mean?" boxes. Suchapplications join theory and practice, and demonstrate the use ofaccounting in today's business world.Professional Simulations: This edition includes updatedprofessional simulations that model the latest version of thecomputerized CPA exam.