From the smallest mom-and-pop retailer to the largest multinational corporation, businesses of all sizes are recognizing that accounting professionals are no longer simply “number crunchers” but rather essential partners in achieving the fundamental goals of their organization. When people understand accounting’s critical role in managing a business and making business decisions, they are motivated to learn accounting. That is why Intermediate Accounting, 18e provides a powerful connection between accounting and business today with:

• Business strategy cases at the start of each chapter that describe how a real-world firm such as MicroStrategy struggled with revenue recognition and the pressures on management to interpret revenue as positively as possible;
• Coverage of high-interest and current topics such as earnings management, fair value, and International Financial Reporting Standards (IFRS) as well as other issues that are driving accounting in today’s business environment;
• FASB codifi cation activities that link FASB research with real business situations and help readers understand both how to research and use authoritative guidance as well as why that guidance is important;
• Real-world end-of-chapter case activities that use the fi nancial results of companies such as The Walt Disney Company, The Boston Celtics, Hewlett-Packard, and Dell to help readers connect accounting to business.