Intermediate Financial Accounting Volume 1 developed in collaboration by Athabasca University and Lyryx, is intended for a first course in Intermediate Financial Accounting, and presumes that students have already completed one or two Introductory Financial Accounting courses. The textbook reflects current International Financial Reporting Standards (IFRS), such as IFRS 15 - Revenue from Contracts With Customers.
This book provides a review of introductory accounting concepts and covers all topics essential to a first level Intermediate Accounting course: the conceptual framework and current landscape of financial reporting; statements of financial position; comprehensive income; cash flows and shareholders' equity; cash and receivables; revenue; inventory; property, plant and equipment; intangible assets; and intercorporate investments. For those requiring preparation for CPA designation, competencies as outlined by the CPA are addressed in this textbook.
It also focuses on more difficult intermediate accounting topics that match prerequisite requirements for students advancing to a second level Intermediate Financial Accounting course. Topics that are covered in Advanced Financial Accounting courses, such as consolidations and foreign exchange, are not included here.
This open book is licensed under a Creative Commons License (CC BY). You can download Intermediate Financial Accounting Volume 1 ebook for free in PDF format (3.6 MB).
Table of Contents
Review of Intro Financial Accounting
Financial Reports: Statement of Income, Comprehensive Income and Changes in Equity
Financial Reports - Statement of Financial Position and Statement of Cash Flows
Cash and Receivables
Property, Plant, and Equipment
Depreciation, Impairment, and Derecognition of Property, Plant, and Equipment
Intangible Assets and Goodwill
Intermediate Financial Accounting Volume 1
Economics and Finance
Intermediate Financial Accounting Volume 2 developed in collaboration by Athabasca University and Lyryx, is intended for the second of two in Intermediate Financial Accounting courses. It presumes that students have already completed the Introductory Financial Accounting, and the first Intermediate Financing Accounting course. The textbook reflects...
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