Intermediate Accounting, 12th Edition
by Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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Book Summary Information
Author: Donald E. Kieso, Jerry J. Weygandt, Terry D. WarfieldEdition: Hardcover
Audio: English (Unknown); English (Original Language); English (Published)
Published: 2007-12-20
ISBN: 0471749559
Number of pages: 1348
Publisher: Wiley
Accessories:
- Intermediate Accounting: Working Papers, 12th Edition
- Intermediate Accounting: Study Guide
- Intermediate Accounting: Problem-Solving Survival Guide
Book Reviews of Intermediate Accounting, 12th Edition
Book Review: Grim, grinding, and expensive; this is the the best you can get
Summary: 5 Stars
My qualifications: BA in Business, BS is Accountancy, MBA finance, CPA, Corporate Controller and Financial Mananger. I've been buying and reviewing new editions of this text every few years for over 20 years now. Why? Becasue if accountancy is your profession you cannot afford not to be completely up to date. Things change. Even all you want to do is make a decent salary and vegetate somewhere, someone is trying to bury you and take your job (or your company). Count on it. It is about competiveness, survival, and prospering. When can you quit studying? Never.
This is the text to put you ahead. I have seen shorter, more simple, less comprehensive, and much cheaper texts. But do you want the competitive edge or not?
There are other non-book alternatives. If your're a CPA, you'll have to keep plugging along with the CPE programs forever (sigh), but they don't hack it in depth compared to this. Even the AICPA's Journal of Accountancy, though highly reccomended, and far more timely than any book, cannot cover the details adequately.
Or you could take a CPA exam review course like Becker's every so oftern. That will set you back a fortune and hundreds of hours of your life. But you will be completely up to the minute on most everything. How long you remember everything after finishing the review course is another question.
"A practicing CPA simply cannot know the answers to many practice questions as they arise but rather needs the ability to find such answers." (NASBA site) This is the one stop text to do it.
A couple pieces of advice. Don't take the text into the office unless you see it (or others like it) on partners' bookshelves. Keep it out in the car for lunch, afterwork, fake restroom breaks,last minute reviews before you go in, or whatever. Also, never ever take it into a client's site. It may sometimes seem like a good idea, but your manager will probably slap you around for it.
Any text is only good for a few years, then spring for a new edition. If you get this text, give yourself some time working through it on the parts that are new to you or give you the most trouble or worry at work. Then consider buying the study guide. It's not a substitute for the book but it can speed things up for you a lot.
If you think this is a lot of work or baloney, try weighing it against not getting a good raise or promotion. Best wishes and good look.
P.S. I'm on this page because I'm buying my latest copy.
Summary of Intermediate Accounting, 12th Edition
The Gateway to the Profession99% of surveyed practicing accountants feel that Kieso, Weygandt, and Warfield's Intermediate Accounting helped prepare them for success in professional practice.
100% would recommend the text to someone currently studying for an accounting degree.
80% said they referred to their copy when they first entered professional practice.
Professionals who learned accounting from Intermediate Accounting find themselves well prepared to enter the workplace. So well prepared in fact, that many keep their copy of the text to refer to again and again. Why is this text so essential for professional success?
* Currency--This 12th edition of Intermediate Accounting reflects the state-of-the-art in accounting today. The text is kept current with the Intermediate Accounting Newsletter, a periodical for users of the text that spotlights the very latest developments and their implications.
* Real-world examples and illustrations--Numerous examples from real corporations help you understand exactly how professionals apply accounting principles and techniques. International Insight notes compare accounting practices in other countries.
* Hands-on practice--This 12th edition features Professional Simulation problems, modeled on the new computerized exam. In addition, new accounting research exercises help you practice using the Financial Accounting Research Database System (FARS).
* Comprehensive and clear explanations of concepts--The authors' clear writing style and logical organization help you understand the material.
Make Kieso your gateway to the profession!
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