The painless way to master an Intermediate Accounting course With easy-to-understand explanations and real-world examples, Intermediate Accounting For Dummies takes the confusion out of the topics you'll encounter in this challenging course: Generally Accepted Accounting Principles (GAAP), International Financial Reporting Standards (IFRS), financial ratio analysis, equity accounting, investment strategies, financial statement preparation, and more. Financial Accounting 101 - get acquainted with the role and responsibilities of financial accountants Make a statement - walk through the proper preparation of the income statement, balance sheet, and statement of cash flow Control your cash - discover everything you need to know about accounting for current and noncurrent assets I.O.U. - find the 4-1-1 on debt and equity, short-term claims payable by the company, and accounting for long-term obligations under various debt scenarios Mistakes happen - find out how to fix mistakes in financial statements, how to account for a change from one accounting method to another, and what to do when an accounting estimate is incorrect Open the book and find: The conceptual framework of financial accounting The elements of financial statements All about the accounting system Lots of examples of worksheets and reports How a business prepares an income statement The ins and outs of cashflow The time value of money Ways to analyze debt and equity Ten common disclosure notes to the financial statements Learn to: Master the concepts of this challenging course Make sense of topics with real-life examples Score your highest in Intermediate Accounting Go to Dummies.com for videos, step-by-step examples, how-to articles, or to shop!.