University of Cebu-Banilad Library

Includes bibliographical references.

Chapter 1 Conceptual of financial reporting -- Chapter 2 Cash and cash equivalents -- Chapter 3 Receivables -- Chapter 4 Inventories -- Chapter 5 Investments.

"In this textbook, the first volume in the book series: Intermediate Accounting Essentials, A Standards-Based Application Approach, the authors are inspired by their 21st-century students, with varying paces of learning. The authors dreamt of students who would answer a practical accounting problem not because they saw "how" it was computed in books, but because they knew "why" it was solved that way-based on relevant financial reporting standards. The authors wanted to differentiate comprehension of the concepts from "mere familiarization." They envisioned an instructional material which will engage students to learn the practical application of financial reporting standards discussed in a professional, yet conversational tone. The authors believe that accounting is storytelling and once you get the story, you will never be misguided!

This textbook was written out of love to assist the students develop their mastery of the subject and embrace the financial accounting practice based on accounting theory-thus the "standards-based" application.

Armed with years of teaching experience in various schools and review centers, the unified authors understand that students, from any generation, have varied learning styles and learning preferences. Assessments are planned to range from basic to comprehensive, "for individual" learners to "for group" tasks, conceptual to computational problem-solving, and pure theory to experiential. This unique combination leads to a more inclusive classroom setup and from small wins to big ones for all types of learners preparing for their certification exams!

Apart from the straightforward explanation of the application of the relevant financial reporting standard, the authors placed themselves in the shoes of the learners to identify what questions they would like to ask but have not found time to or are too afraid to raise in class. In doing so, the authors decided to include points of discussion and mind-map exercises to make the learners interact with this textbook and possibly allow them to develop an inquisitive, creative mind and be more courageous to raise their hands to participate in their classes after reading this. The authors believe that when students become genuinely curious, learning commences.

The authors, also practicing accountants, realized that there are no lazy accounting students-only unmotivated learners who shun away from impractical lessons. In this textbook, the authors added industry applications, whenever appropriate, to excite learners about the usefulness of what they learn now to their future professional lives.

The authors hope that with this humble contribution to the accounting education, more students will be happy to major in accounting as intermediate or practical accounting is presented in an engaging yet comprehensive manner that is closely referenced to the financial reporting standards and industry trends. May this be a handy book for all accounting students happily studying intermediate accounting!" -- Preface.

Adult

Lopez, Edilyn College of Tourism Management Accounting

Text in English