Management Decisions and Financial Accounting Reports
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
1 rating
Compact guide to financial statement issues
Published by Thriftbooks.com User , 18 years ago
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.
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