Intermediate Accounting -- Global Edition

About our authors Elizabeth A. Gordon, PhD, MBA, CPA, is professor of accounting, senior associate dean for faculty affairs and a Merves Senior Research Fellow at the Fox School of Business at Temple University. She received her doctorate from Columbia University, master’s degree in business administration from Yale University and Bachelor of Science degree in accounting with highest distinction from Indiana University.Dr. Gordon specializes in the areas of financial accounting and international financial reporting and investigates topics such as international financial reporting standards, corporate disclosure, executive compensation, related-party disclosures and market development. Her research is published in top journals in her field, including Journal of Accounting Research, The Accounting Review, Review of Accounting Studies, Journal of Accounting, Auditing and Finance, and Journal of Accounting and Public Policy. She serves as an editor of Journal of International Financial Management and Accounting and an editor of Journal of International Accounting Research. Dr. Gordon is a past president of the International Accounting Section of the American Accounting Association and of the International Association for Accounting Education and Research. She served as Chair of the Department of Accounting at the Fox School.Dr. Gordon has taught courses in financial accounting and international accounting at the graduate and undergraduate levels, receiving a number of teaching awards. She has coauthored accounting readings for the CFA Institute, integrating IFRS and U.S. GAAP. She was an auditor with PricewaterhouseCoopers, LLP, and interned at the U.S. Office of Management and Budget before entering academia. Dr. Gordon is a CPA in the State of Maryland. She has been on the faculty of the University of Chicago Graduate School of Business and the Rutgers Business School and has been a visiting professor at the University of Pennsylvania.Jana S. Raedy, PhD, CPA, is associate professor of accounting, senior associate dean for business and operations, and the Ernst & Young Scholar in Accounting at the Kenan-Flager Business School at the University of North Carolina at Chapel Hill. She received her Bachelor of Science and Master of Science degrees from the University of Kentucky and her doctorate from The Pennsylvania State University.Dr. Raedy’s research is primarily focused on issues in international financial reporting as well as areas in which financial reporting and taxation intersect. Her research is published in top journals such as Journal of Accounting Research, Journal of Accounting and Economics, The Accounting Review, Contemporary Accounting Research, Journal of Business, Tax Notes and Journal of the American Taxation Association. Dr. Raedy has taught a number of courses in financial reporting at the graduate level, including core financial reporting (both introductory and intermediate accounting), international financial reporting, financial disclosures and forensic accounting. For over 15 years, she taught a self-developed course in applied financial accounting research with a heavy emphasis on judgment and decision making. During her academic career, she has received a number of different teaching awards.Alexander J. Sannella, PhD, CPA, is currently Professor of Accounting and Information Systems at the Rutgers Business School, as well as the director of the MBA in Professional Accounting Program and the academic director of the Master of Accountancy in Accounting and Analytics Program. He earned a BBA in finance and an MBA in accounting from the LaPenta School of Business at Iona University. He received his PhD in accounting and finance from New York University and is a New York State Certified Public Accountant. He also holds a Bachelor of Arts in music from Rutgers University.During his years at the Rutgers Business School, he has taught at both the graduate and undergraduate levels and served as Associate Dean of the Business School and Vice Chair of the Department of Accounting and Information Systems. Previously, Dr. Sannella served on the faculty of New York University as an instructor of accounting at the Stern School of Business and as an associate professor of accounting at Iona University’s LaPenta School of Business.He has public accounting experience as an auditor for PricewaterhouseCoopers, LLP, and KPMG, LLP. Dr. Sannella was also an independent consultant working on many projects with other public accounting firms, bankruptcy trustees and leasing divisions of major insurance companies. He also served as a consultant to the Line of Business Program at the Federal Trade Commission in Washington, DC. Dr. Sannella also served as a member of the Financial Reporting Executive Committee (FinREC) at the American Institute of Certified Public Accountants (AICPA).Dr. Sannella has over 50 years’ teaching experience at the university level and over 35 years’ experience in developing and teaching commercial and investment bank training programs. His clients included eight major investment banks and four of the world’s largest commercial banks. His training programs include courses designed to train financial analysts and associates and special programs for sales and trading professionals.He is the author of many scholarly journal articles and three books. His articles have focused on market-based accounting research and, more recently, accounting education and the valuation of digital assets. Dr. Sannella’s books focus on the effects of accounting alternatives on the judgment of analysts and other statement users. Many of the books’ topics are included in training videos and CPE courses.He has been interviewed by several publications, including the Newark Star Ledger and NJ Biz.

• The Financial Reporting Environment & Conceptual FrameworkFinancial Reporting TheoryJudgment and Applied Financial Accounting ResearchStatements of Profit or Loss and Other Comprehensive Income, and Statement of Changes in EquityStatements of Net Income and Comprehensive IncomeStatements of Financial Position and Cash Flows and the Annual ReportAccounting and the Time Value of MoneyRevenue RecognitionShort-Term Operating Assets: Cash and ReceivablesNon-Current Operating Assets: Acquisition, Cost Allocation, and DerecognitionNon-Current Operating Assets: Departures from Historical CostOperating Liabilities and ContingenciesFinancing LiabilitiesAccounting for Shareholders’ EquityInvestments in Financial AssetsAccounting for Income TaxesAccounting for LeasesAccounting for Employee Compensation and BenefitsEarnings per ShareAccounting Changes and Error AnalysisThe Statement of Cash Flows Glossary/Subject Index