Intermediate Accounting

Key differences between 16th and 15th editions

• Time lapse between current and previous publications: 3 years (2016 vs 2013).
• The Intermediate Accounting book was first published in 1974.
• In general, the content of the Fifteenth edition didn't undergone drastic changes.
• New discussions in the Ed.
• Chapter 8:
• Ending inventory misstated.
• Purchases and inventory misstated.
• Chapter 9:
• Price fixing agreement.
• Chapter 11:
• Depreciation issues in intermediate accounting.
• Chapter 13:
• Global research and development incentives.
• Chapter 15:
• Purchase and sale of treasury stock.
• Chapter 16:
• Diluted EPS convertible securities
• Diluted EPS options and warrants
• Presentation and disclosure of EPS.