The Fifteenth Edition expands our emphasis on student learning and improves upon a teaching and learning package that instructors and students have rated the highest in customer satisfaction. Based on extensive reviews, focus groups, and interactions with other intermediate accounting instructors and students, we have developed a number of new pedagogical features and content changes, designed both to help students learn more effectively and to answer the changing needs of the course.
Evolving Issues
As we continue to strive to reflect the constant changes in the accounting environment, we have added a new feature to the Fifteenth Edition, Evolving Issues, which highlight and discuss areas in which the profession may be encountering controversy or nearing resolution. Our hope is that these high-interest boxes will increase student engagement, as well as serve as classroom discussion points. For another source of high-interest material, see the What Do the Numbers Mean? boxes, most of which are new to this edition.
Demonstration Problems
We understand that students often struggle to apply accounting concepts to realistic business situations. As a result, we include a new Demonstration Problem before the end-of-chapter problem material, to serve as a model to help students with their homework assignments.
Updated IFRS Insights Content
We have updated the end-of-chapter section, IFRS Insights, throughout the textbook. In addition, in the Relevant Facts section, we now present Similarities as well as Differences between GAAP and IFRS to increase student understanding.
Major Content Revisions
In response to the changing environment, we have significantly revised several chapters.
Chapter 2 Conceptual Framework for Financial Reporting
Chapter 4 Income Statement and Related Information
Chapter 18 Revenue Recognition
Chapter 23 Statement of Cash Flows
See the next two pages for a complete list of content revisions by chapter.