David Spiceland - Intermediate Accounting

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Intermediate Accounting

ELEVENTH EDITION

J. DAVID SPICELAND

University of Memphis

MARK W. NELSON

Cornell University

WAYNE B. THOMAS

University of Oklahoma

JENNIFER WINCHEL

University of Virginia

Dedicated to:

Davids wife Charlene, two daughters Denise and Jessica, and three sons Mike, Michael, and David

Marks wife Cathy, and daughters Liz and Clara

Waynes wife Julee, daughter Olivia, and three sons Jake, Eli, and Luke

Jennifers husband Peppy and son Seth

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INTERMEDIATE ACCOUNTING

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ISBN 978-1-265-05747-3

MHID 1-265-05747-8

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About the Authors

DAVID SPICELAND

Courtesy of David Spiceland

David Spiceland is Professor Emeritus in the School of Accountancy where he taught financial accounting at the undergraduate, masters, and doctoral levels for 36 years. He received his BS degree in finance from the University of Tennessee, his MBA from Southern Illinois University, and his PhD in accounting from the University of Arkansas.

David has published articles in a variety of academic and professional journals, including The Accounting Review, Accounting and Business Research, Journal of Financial Research, Advances in Quantitative Analysis of Finance and Accounting, and most accounting education journals: Issues in Accounting Education, Journal of Accounting Education, Advances in Accounting Education, The Accounting Educators Journal, Accounting Education, The Journal of Asynchronous Learning Networks, and Journalof Business Education, and he is an author of McGraw Hills Financial Accounting with Wayne Thomas and Don Herrmann. Professor Spiceland has received university and college awards and recognition for his teaching, research, and technological innovations in the classroom.

David enjoys cooking, spoiling his dogs and grandchildren, and strolling on the beach with his wife, Charlene.

MARK NELSON

Courtesy of Jesse Winter LLC

Mark Nelson is the Anne and Elmer Lindseth Dean and Professor of Accounting at Cornell Universitys Samuel Curtis Johnson Graduate School of Management. He received his BBA degree from Iowa State University and his MA and PhD degrees from The Ohio State University. Professor Nelson has won ten teaching awards, including an inaugural Cook Prize from the American Accounting Association.

Marks research focuses on decision making in financial accounting and auditing. His research has been published in the Accounting Review; the Journal of Accounting Research; Contemporary Accounting Research; Accounting, Organizations and Society; and several other journals. He has received the American Accounting Associations Notable Contribution to Accounting Literature Award, as well as the AAAs Wildman Medal for work judged to make a significant contribution to practice.

Mark served three terms as an area editor of The Accounting Review and is a member of the editorial boards of several journals. He also served for four years on the FASBs Financial Accounting Standards Advisory Council.

Mark and his wife Cathy enjoy fitness and kayaking, particularly on Ithacas Lake Cayuga, and spending time with their daughters Liz and Clara.

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WAYNE THOMAS

Courtesy of Shevaun Williams & Associates

Wayne Thomas is the Senior Associate Dean for Faculty and Research Innovation and the David C. Steed Chair of Accounting at the University of Oklahoma, where he teaches introductory financial accounting and intermediate accounting. He received his bachelors degree in accounting from Southwestern Oklahoma State University and his masters and PhD in accounting from Oklahoma State University.

Wayne has won teaching awards at the university, college, and departmental levels and has received the Outstanding Educator Award from the Oklahoma Society of CPAs. He co-authors McGraw Hills Financial Accounting with David Spiceland and Don Herrmann. He also co-authors McGraw Hills Financial Accounting for Managers with Michael Drake, Jake Thornock, and David Spiceland.

His primary research interests include accounting information, capital markets, techniques used by managers to manipulate earnings, the importance of financial disclosures, and financial statement analysis. He previously served as an editor of The Accounting Review and has published articles in a variety of journals, including The Accounting Review, Journal of Accounting and Economics, Journal of Accounting Research, Review of Accounting Studies, and Contemporary Accounting Research. He has won several research awards, including the American Accounting Associations Competitive Manuscript Award and the University of Oklahomas highest research award, being named a George Lynn Cross Research Professor.

Wayne is married to Julee, and they have four kids, Olivia, Jake, Eli, and Luke. He enjoys sports (basketball, tennis, golf, biking, and ping pong), crossword puzzles, the outdoors, and spending time with his family.

JENNIFER WINCHEL

Courtesy of University of Virginia

Jennifer Winchel is the Carman G. Blough Associate Professor of Accounting at the University of Virginias McIntire School of Commerce, where she teaches courses at both the undergraduate and graduate levels. She received her BA degree from Illinois Wesleyan University, her MAS from Northern Illinois University, and her PhD from the University of Texas at Austin. Prior to joining UVA, she was a faculty member at the University of South Carolinas Darla Moore School of Business. While at SC, she won the Alfred G. Smith Award for excellence in teaching. She has public accounting experience as an audit manager for PwC.