Designed for the undergraduate course in Intermediate Accounting, this text presents information with superior clarity and conciseness. It uses a series of exhibit steps, not detailed explanations, to cover topics. Also, the statement of cash flows is discussed using a three-pronged approach: introduction, integration throughout the text, and further discussion after advanced topics are covered..Concepts and procedures are evenly balanced throughout, with succinct and objective alternate views on disagreements in accounting principles thrown in to allow students to see both sides of the argument. Coverage also includes the income statement, the concepts of capital maintenance, comprehensive income conceptual reporting guidelines, and revenue and expense recognition criteria. In short, everything covered in this text is totally geared toward student understanding and comprehension. Read Less