Intermediate Accounting, Standard

by Jay M. Smith and K. Fred Skousen

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• Format: Hardcover
• Language: English
• ISBN: 0538813571
• ISBN13: 9780538813570
• Release Date: January 1992
• Publisher: Thomson South-Western
• Length: 928 Pages
• Weight: 4.00 lbs.

Customer Reviews

An understandable, well written accounting "classroom"

I own the 15th edition (Pub. 2004). I purchased it because I had read the reviews (here) of the various "Intermediates" and knew that some were difficult reads. Not so with this one. I also knew that my wife and I have had positive experiences with Thompson Learning, and felt that this would PROBABLY be my best bet. T'was so. The additional tidbits in the margins add illustration to the text. The authors have made an effort to allow me to see the practical world of accounting outside the learning environment, something I desperately need as a distance learning student. Related issues within the financial world are brought into the application of accounting, and give a larger picture of how accounting fits into it. The chapter on statement of cash flows helped me immensely in understanding the subject where my fundamental course failed. The only item I've noticed is a bit of redundancy in the Earnings Management chapter with the Revenue Recognition chapter regarding the subjective nature of the income statement preparation, and possible abuses of that. Since there are plenty of examples of abuses, it would seem over emphasis of tha t subject is appropriate. I wholeheartedly recommend this particular edition to students going into intermediate accounting. -D.B. Colorado

Response to a reader from Houston

I am an accounting Professor. I am also an accountant. I am so surprised that you thought people became accountants because they failed from something else. It is totally wrong. I am so pround of it. I am 27 year old. I have a good car, have a good house (no debt at all; I just repaid all my mortgage recently.) I do not think that people who are in the field from which you mentioned they failed can make money and have good reputation like I do. Do you know that an auditor money as much as a lawyer (I am a good auditor; please do not talk about other case)For this book, I found it is very good. I used Prof Skousen's textbook in first accounting class as well as intermediate. My students like them so much. However, they give a little bit too much detail. A professor should adapt it when using in class. This book is a excellent alternative to another book published by Wiley.

Excellent Revision

Another excellent revision on a accounting textbook that continues to set academic and professional standards for the systematic leaning of accounting principles in a clear, concise and relevant manner.Thank you Mr. Skousen and Associates.

An excellent accounting text

Layout and presentation of topics are in a logical order. Text is clearly written, and explains the why and how, using examples from annual reports, news articles, and historical information. Complicated topics, such as pension accounting and disclosure, are presented first with a simple example to give you the background you need. Then the authors progress to the more complicated and real world aspects of the topic.

Interactive intermediate accounting textbook

This book is quite easy to use. The web site is interesting, and the "accounting in the real world" sections are a good way to understand the way the things you are learning are applied in the real world. I would like more examples of problems, sometimes the given examples are bit hard to follow.