Intermediate Accounting, 19th Edition
By Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, and Laura D. Wiley
Intermediate Accounting continues to be the gold standard when it comes to helping students connect the what, how, and why of accounting. Through strategic content updates and the integration of high-quality resources, the 19th Edition offers a refreshed, modern approach designed to spark effective learning and inspire the next generation of accounting professionals.
With this new edition, the authors have focused on enhancing the readability of the text, while also ensuring the inclusion of cutting-edge topics like ESG and AI. Since the transition into intermediate can often be overwhelming, WileyPLUS for Intermediate Accounting has been developed with a series of resources designed to more effectively support students, like our new Accounting Cycle Simulation and Adaptive Chapter 0: Accounting Cycle Review with remediation. To ensure maximum retention of core concepts, WileyPLUS offers an active learning environment with integrated practice at the point of learning, Adaptive Assignments, problem walkthrough videos, and a wealth of homework material. The course’s assessment types are scaffolded in difficulty and include but are not limited to, hundreds of algorithmic questions, short answer questions, exercises with real world applications, and multi-part problems.
Throughout WileyPLUS, students will also have the opportunity to work through various hands-on activities including Critical Thinking Cases with real world applications, Gradable Excel questions, Analytics in Action problems, and Power BI and Tableau Visualization assignments. These applications help students bridge the gap between the classroom and their future careers, while simultaneously building confidence in their critical thinking and decision-making skills.
Take a Look Into WileyPLUS
Want to learn more about WileyPLUS? Click Here
Learn Accounting Concepts Efficiently
New! Accounting Cycle Simulation helps students understand the accounting cycle through interactive, scenario-based practice with dynamic, just-in-time feedback.
Adaptive Assignments offer students an individualized learning path through course content that is tailored to their specific needs. By continuously assessing student understanding and providing just-in-time instruction and targeted remediation, Adaptive Assignments close knowledge gaps through scaffolded learning. With increased flexibility, customization, and actionable analytics to support student and class intervention, these Adaptive Assignments make teaching and learning more efficient than ever.
Adaptive Chapter 0: Accounting Cycle Review provides students with personalized support and a comprehensive review of foundational topics during the transition from introductory accounting to majors.
Solution Walkthrough Videos guide students through multi-learning objective problems to help consolidate understanding and provide 24/7 homework assistance. These videos break down the process of completing complex questions to build students’ problem-solving skills and confidence.
Put into Practice (PiP) exercises provide supported practice at the point of learning and can be assigned as algorithmic problems within WileyPLUS. Each PiP includes a fact set, instructions, and solution, and is designed to reinforce the basics while also explaining the reasoning behind key accounting concepts.
Develop Data Analytics Skills
New! Data Analysis Technology Bootcamps in WileyPLUS give students a scaffolded introduction to some of the most popular technologies used in industry, including Excel, Power BI, Tableau, Alteryx, and SQL. Each bootcamp features video walkthroughs, automatically graded concept check questions, and application questions with accompanying video solutions. Build student confidence and technological agility with these customizable assignments.
New! Gradable Excel Assignments have been added to WileyPLUS. These questions ask students to complete specific exercises in a live Microsoft Excel worksheet using formulas and functions, helping them develop their Excel knowledge. With exercises based on accounting questions from the book, automatic grading, and immediate and detailed cell-level feedback, students build key skills needed to be competitive in today’s job market, while enhancing their understanding of core accounting concepts.
Analytics in Action End-of-Chapter Sections include feature boxes and activities that get students hands-on with data analysis applications within a real Excel environment. These sections ask students to work with various data sets to refine their Excel efficiency skills, practice creating visualizations, and learn how to think critically while evaluating and interpreting data.
Power BI and Tableau Visualization Assignments in WileyPLUS familiarize students with popular data analysis tools they will encounter in the workplace. Students analyze a variety of visualizations available in both software programs, completing assessment questions along the way to check their understanding and ability to interpret different forms of information, and practice making informed business decisions.
What’s New to This Course
- New! Generative AI Activities are available in the Instructor’s Manual. These activities are designed to help instructors incorporate AI tools into their accounting classroom in ways that promote critical thinking and discussion.
- Updated WileyPLUS Adaptive Assignments have been added to WileyPLUS to reflect content and standard changes in the text. These assignments help close knowledge gaps through a personalized adaptive experience that provides just-in-time instruction, immediate feedback, and remediation as needed.
- New! Accounting Cycle Simulation helps students understand the accounting cycle through interactive, scenario-based practice with dynamic, just-in-time feedback.
- New! Gradable Excel Assignments have been added to WileyPLUS. These questions ask students to complete specific exercises in a live Microsoft Excel worksheet using formulas and functions, helping them develop their Excel knowledge. With exercises based on accounting questions from the book, automatic grading, and immediate and detailed cell-level feedback, students build key skills needed to be competitive in today’s job market, while enhancing their understanding of core accounting concepts.
- New! CPA EXAM multiple choice questions are available in WileyPLUS to aid in student review and preparation. A CPA Evolution Model Curriculum Mapping Document is available to help instructors update their course objectives.
- Updated Test Bank questions to reflect critical content and standard updates.
Content Changes
- New author Laura Wiley, from Louisiana State University, incorporates her course design, student engagement, and skill development expertise to further enhance the student learning experience within the content and WileyPLUS.
- Emphasis on Readability through the streamlining of content and the incorporation of a bulleted text and numbered approach with practice at the point of learning.
- New “Accounting Matters” features have been incorporated throughout the text and integrate real world applications with critical thinking.
- New ESG Appendix F has been written to help instructors incorporate these increasingly important topics into their curriculum. Assignable assessment questions for this appendix are available in WileyPLUS.
- New Discussions on Accounting for Crypto assets and required Cybersecurity Disclosures have been incorporated into the text.
- New Appendix E on Derivatives with the content removed from Chapter 16.
- New Put It Into Practice (PiP) Exercises have been added to give students an opportunity to practice and apply concepts at the point of learning.
- Updated real-world examples throughout the text are more recognizable and relevant to today’s students.
Donald E. Kieso, PhD, CPA, received his bachelor’s degree from Aurora University and his doctorate in accounting from the University of Illinois. He has served as chairman of the Department of Accountancy and is currently the KPMG Emeritus Professor of Accountancy at Northern Illinois University. He has public accounting experience with Price Waterhouse & Co. (San Francisco and Chicago) and Arthur Andersen & Co. (Chicago) and research experience with the research division of the American Institute of Certified Public Accountants (New York). He has done post doctorate work as a visiting scholar at the University of California at Berkeley and is a recipient of NIU’s Teaching Excellence Award and four Golden Apple Teaching Awards. Professor Kieso is the author of other accounting and business books and is a member of the American Accounting Association, the American Institute of Certified Public Accountants, and the Illinois CPA Society. He has served as a member of the board of directors of the Illinois CPA Society, the AACSB’s Accounting Accreditation Committees, and the State of Illinois Comptroller’s Commission, and he has served as secretary-treasurer of the Federation of Schools of Accountancy and as secretary-treasurer of the American Accounting Association. Professor Kieso is currently serving on the board of trustees and executive committee of Aurora University, as a member of the board of directors of Kishwaukee Community Hospital, and as treasurer and director of Valley West Community Hospital. From 1989 to 1993, he served as a charter member of the national Accounting Education Change Commission. He is the recipient of the Outstanding Accounting Educator Award from the Illinois CPA Society, the FSA’s Joseph A. Silvoso Award of Merit, the NIU Foundation’s Humanitarian Award for Service to Higher Education, a Distinguished Service Award from the Illinois CPA Society, and in 2003, an honorary doctorate from Aurora University.
Jerry J. Weygandt, PhD, CPA, is Arthur Andersen Alumni Emeritus Professor of Accounting at the University of Wisconsin-Madison. He holds a PhD in accounting from the University of Illinois. Articles by Professor Weygandt have appeared in the Accounting Review, Journal of Accounting Research, Accounting Horizons, Journal of Accountancy, and other academic and professional journals. These articles have examined such financial reporting issues as accounting for price-level adjustments, pensions, convertible securities, stock option contracts, and interim reports. Professor Weygandt is author of other accounting and financial reporting books and is a member of the American Accounting Association, the American Institute of Certified Public Accountants, and the Wisconsin Society of Certified Public Accountants. He has served on numerous committees of the American Accounting Association and as a member of the editorial board of the Accounting Review; he also has served as president and secretary-treasurer of the American Accounting Association. In addition, he has been actively involved with the American Institute of Certified Public Accountants and has been a member of the Accounting Standards Executive Committee (AcSEC). He has served on the FASB task force that examined the reporting issues related to accounting for income taxes and served as a trustee of the Financial Accounting Foundation. Professor Weygandt has received the Chancellor’s Award for Excellence in Teaching and the Beta Gamma Sigma Dean’s Teaching Award. He is the recipient of the Wisconsin Institute of CPA’s Outstanding Educator’s Award and the Lifetime Achievement Award. In 2001, he received the American Accounting Association’s Outstanding Educator Award.
Terry D. Warfield, PhD, CPA, is the PwC Professor in Accounting at the University of Wisconsin-Madison. He received a B.S. and M.B.A. from Indiana University and a Ph.D. in accounting from the University of Iowa. Professor Warfield’s area of expertise is financial reporting, and prior to his academic career, he worked for five years in the banking industry. He served as the Academic Accounting Fellow in the Office of the Chief Accountant at the U.S. Securities and Exchange Commission in Washington, D.C., from 1995–1996. Professor Warfield’s primary research interests concern financial accounting standards and disclosure policies. He has published scholarly articles in The Accounting Review, Journal of Accounting and Economics, Research in Accounting Regulation, and Accounting Horizons, and he has served on the editorial boards of The Accounting Review, Accounting Horizons, and Issues in Accounting Education. He has served as president of the Financial Accounting and Reporting Section, the Financial Accounting Standards Committee of the American Accounting Association (Chair 1995–1996), and on the AAAFASB Research Conference Committee. He also served on the Financial Accounting Standards Advisory Council of the Financial Accounting Standards Board, and he currently serves as a trustee of the Financial Accounting Foundation. Professor Warfield has received teaching awards at both the University of Iowa and the University of Wisconsin, and he was named to the Teaching Academy at the University of Wisconsin in 1995. Professor Warfield has developed and published several case studies based on his research for use in accounting classes. These cases have been selected for the AICPA Professor-Practitioner Case Development Program and have been published in Issues in Accounting Education. He served on the Board of the Illinois CPA Society, then AACSB’s Accounting Accreditation Committees, the State of Illinois Comptroller’s Commission, as secretary-treasurer of the Federation of Schools of Accountancy, and as secretary-treasurer of the American Accounting Association.
Laura D. Wiley, PhD, CPA is the Assistant Department Chair and distinguished instructor in the Department of Accounting at the E. J. Ourso College of Business, Louisiana State University (LSU). She also serves as the Director of International Experience for the E. J. Ourso College of Business in which she leads study abroad excursions to Central and South America and Europe. She joined the faculty at LSU in 1996 and teaches financial accounting and auditing courses. Dr. Wiley is active in the Society of Louisiana CPAs (LCPA) and served as the chair of the Accounting Education Issues committee from 2014 to 2023. In 2022, she was awarded the LSU Communication Across the Curriculum Outstanding Faculty Award. She also received the LSU Tiger Athletic Foundation Outstanding Instructor Award in 2019 and the LCPA’s Distinguished Achievement in Education award in 2015. Dr. Wiley is co-author of an auditing textbook, currently in its second edition, also published by John Wiley & Sons, titled Auditing: A Practical Approach with Data Analytics. Dr. Wiley has consulted with large and small companies on accounting-related matters and conducted onsite training sessions for company employees. Over her career, she has also been a presenter at numerous CPE events and published in the Journal of Accounting Education. Prior to coming to LSU, she was an auditor with PricewaterhouseCoopers in Atlanta, Georgia. She earned her bachelor’s degree in accounting from The University of Alabama, her master’s degree in accounting from LSU, and her doctorate in human resource education and workforce development from LSU. Her research interests are accounting education and financial literacy. She is an active licensed CPA in the state of Louisiana.
1. The Environment and Conceptual Framework of Financial Reporting 2. Accounting Information System 3. Income Statement and Revenue Recognition 4. Balance Sheet and Statement of Cash Flows 5. Time Value of Money 6. Cash and Accounts Receivable 7. Valuation of Inventories: A Cost-Basis Approach 8. Inventories: Additional Valuation Issues 9. Acquisition and Disposition of Property, Plant, and Equipment 10. Depreciation, Impairments, and Depletion 11. Intangible Assets 12. Current Liabilities and Contingencies 13. Long-Term Liabilities 14. Stockholders’ Equity 15. Dilutive Securities and Earnings per Share 16. Investments 17. Revenue Recognition 18. Accounting for Income Taxes 19. Pensions 20. Leases 21. Accounting Changes and Error Analysis 22. Statement of Cash Flows 23. Full Disclosure Appendix A: Private Company Accounting Appendix B: Specimen Financial Statements Procter & Gamble Company Appendix C: Specimen Financial Statements The Coca-Cola Company Appendix D: Specimen Financial Statements PepsiCo, Inc. Appendix E: Accounting for Derivative Instruments Appendix F: Environmental, Social, and Governance Reporting