Conceptual understanding requires a solid foundation Over thirty years and twelve bestselling editions, Kieso, Weygandt, and Warfield's "Intermediate Accounting" has built a reputation for accuracy, comprehensiveness, and student success. An evolution of this standard-bearer can be found in "Intermediate Accounting: Principles and Analysis, Second Edition." It enables you not just to grasp the concepts and methods of financial accounting, but then to apply them in various decision-making contexts. Balancing discussions of concepts with applications, the text helps you build on that solid foundation in such areas as the standard-setting process, the three major financial statements, revenue recognition, income taxes, reporting disclosure issues, and much more. Best of all, an array of special features ensure your mastery of the material, encouraging you to: Pinpoint the principle behind the topic with "What's the Principle?" Appreciate the converging nature of US GAAP and IFRS through the Convergence Corner features in each chapter. Apply your accounting knowledge while expanding your competencies in analysis and decision-making context with "Accounting in Action" problems. Full chapters on revenue recognition and the statement of cash flows can be found in this revised edition. See how real companies deal with accounting issues in "What Do the Numbers Mean?" Gain International Insights with special notes regarding accounting practices in other countries. Clear, thorough, and up to date, "Intermediate Accounting: Principles and Analysis" provides a thorough grounding in principles and concepts that will serve as important cornerstones for decision making throughout youraccounting or financial career.Kieso, Donald E. is the author of 'Fundamentals of Intermediate Accounting', published 2007 under ISBN 9780471737933 and ISBN 0471737933.