There’s nothing much to say about this book that hasn’t already been said. Intermediate Accounting became a basis for any kind of accounting education. Each new version of this book, however, delivers new content that is up to date, thus incorporating new rules and standards in accounting.
The book has maintained its extensiveness and consists of 24 chapters. Each chapter in 16th Edition has been updated with new content, but the most notable changes are in chapters regarding Current Liabilities and Contingencies, Investments, and Statement of Cash Flows.
The reactions of students, to the latest version of this book, are extremely positive . What really prides the text of this book is that every problem in accounting is handled step by step. It is therefore extremely easy to use.