Management Decisions and Financial Accounting Reports

by Stephen P. Baginski and John M. Hassell

Intermediate Accounting: Management Decisions and Financial Accounting Reports is the first text on the market that is brief enough to be used in the emerging one-semester intermediate accounting... This description may be from another edition of this product.

• Format: Hardcover
• Language: English
• ISBN: 0324304137
• ISBN13: 9780324304138
• Release Date: May 2004
• Publisher: Cengage Learning
• Length: 672 Pages
• Weight: 3.45 lbs.
• Dimensions: 1.1" x 8.7" x 11.1"

Customer Reviews

Compact guide to financial statement issues

I very much liked the relative brevity of this text compared with other Intermediate Accounting texts. I do have one issue with the authors however. In reviewing their material on the differences between debt and equity on pp. 64-65 I felt that they needed to expand their coverage to note that debt on the balance sheet requires a formal contract with a fixed maturity date, periodic interest payments, security in case of default, and a clear statement about the role of the debtholder in management and the recording of debt interest as an expense. Equity on the balance sheet may require the creation of a bill of sale for shares of stock in the case of a start-up. Also, some consideration of the nature of the risks and rewards of both forms of capital contribution.