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Intermediate Accounting: Reporting and Analysis, 5th Edition

James M. Wahlen, Jefferson P. Jones, Donald P. Pagach

  • {{checkPublicationMessage('Published', '2026-02-13T00:00:00+0000')}}
Starting At £35.00 See pricing and ISBN options
Intermediate Accounting: Reporting and Analysis 5th Edition by James M. Wahlen/Jefferson P. Jones/Donald P. Pagach

Overview

Guide students in understanding the importance of accounting information and how it is critical to others in business with Wahlen/Jones/Pagach's "Intermediate Accounting:Reporting and Analysis," 5th Edition. Examples and cases from companies such as Starbucks, Coca-Cola, Apple, Louis Vuitton and Nestlé reinforce the book's unique business perspective on the actual consequences of financial accounting. Students see the role of accounting information for investors, creditors and other stakeholders. In-depth coverage addresses the latest accounting standards. The online learning platform CNOWv2 boosts student confidence. An adaptive study plan, quick checks and demonstration videos offer thorough explanations, time-management tools and detailed remediation. Flexible algorithmic homework exercises allow you to assign multiple versions of exercises for your students.

James M. Wahlen

James M. Wahlen is the James R. Hodge Chair of Excellence, professor of accounting, former chair of the accounting department and the former chair of the MBA program at the Kelley School of Business at Indiana University. Dr. Wahlen received his Ph.D. from the University of Michigan and has served on the faculties of the University of North Carolina at Chapel Hill, the University of Washington and Pacific Lutheran University. He has also been a visiting professor at the University of Chicago, INSEAD and Sungkyunkwan University. Dr. Wahlen's teaching and research interests focus on financial accounting, financial statement analysis and the capital markets. He investigates financial statements analysis, testing the extent to which earnings and other financial statement information can predict future stock returns, earnings quality and management, earnings volatility as an indicator of risk, fair value accounting for financial instruments and accounting for loss reserve estimates by banks and insurers. His research has been published in a wide array of academic and practitioner journals in accounting and finance. He has public accounting experience in both Milwaukee and Seattle and is a member of the American Accounting Association. Dr. Wahlen has received numerous teaching awards during his career. In his free time, he enjoys spending time with his wife and daughters, spoiling his adorable granddaughters, playing outdoor sports (biking, hiking, skiing, golf), cooking (and, of course, eating) and listening to rock music (especially if it is loud and live).

Jefferson P. Jones

Dr. Jefferson P. Jones is an associate professor of accounting in the School of Accountancy at Auburn University, where he teaches financial accounting and applied financial research. He received his bachelor’s in accounting and his Master of Accountancy degrees from Auburn University and his Ph.D. from Florida State University. Dr. Jones has received numerous teaching awards, including the Auburn University Beta Alpha Psi Outstanding Teaching Award (12 times), the Auburn University Outstanding Master of Accountancy Professor Teaching Award (five times), the Auburn University Outstanding Distance Master of Accountancy Teaching Award (three times) and the Auburn University College of Business McCartney Teaching Award and the Lowder Teaching Award. In addition, he has made numerous presentations around the country on research and pedagogical issues. Dr. Jones has public accounting experience as an auditor with Deloitte and Touche, holds a CPA certificate in the state of Alabama (inactive) and is a member of the American Accounting Association, the American Institute of Certified Public Accountants (AICPA) and the Alabama Society of CPAs (ASCPA). His research interests focus on financial accounting, specifically investigating the quality of reported accounting information and accounting education. He has published articles in numerous journals, including Advances in Accounting, Review of Quantitative Finance and Accounting, Issues in Accounting Education, International Journal of Forecasting and The CPA Journal. When not at work, Dr. Jones enjoys spending time with his wife and two children and playing golf.

Donald P. Pagach

Dr. Donald P. Pagach is professor of accounting at the Poole College of Management at North Carolina State University. He received his Ph.D. from Florida State University and his BA and MA in accounting from the University of Wisconsin-Madison. His research interests focus on financial accounting and enterprise risk management, with a specific focus on forecasting and financial statement analysis. He has published articles in numerous journals, including Journal of Accounting Research, Contemporary Accounting Research, Journal of Accounting, Auditing and Finance and The CPA Journal. Dr. Pagach has been named a University Outstanding Teacher and has received awards for his research on Enterprise Risk Management. Previously, Dr. Pagach taught at Louisiana State University, and he gained public accounting experience working for Coopers and Lybrand as an auditor. He holds a CPA certificate in North Carolina and is a member of the American Accounting Association (AAA) and the American Institute of Certified Public Accountants (AICPA). In 2017, he was named the chair of the Financial Accounting and Reporting Examinations Committee for the AICPA, which oversees the CPA exam. Dr. Pagach is married, has three children and enjoys traveling, especially if the trip includes a beach.
  • CNOWv2 elevates student thinking with digital tools that motivate, build mastery and connect concepts -- preparing learners for exams and long-term success.
  • Cases and examples from Clorox, Coca-Cola and other top companies show why accounting matters and help students think critically about financial implications.
  • Real Reports let students analyze excerpts from actual annual reports, apply concepts and answer questions -- making learning practical and engaging.
  • A positive, student-friendly, unique approach shows why accounting matters. Chapter-opening vignettes and memorable examples highlight its value to decision makers, which motivates students for further study.
  • IFRS coverage clarifies global standards with side-by-side GAAP comparisons, real company examples and applications showing how entries and statements differ. End-of-chapter IFRS assignments highlight real company financial statements from international companies, such as Louis Vuitton and Nestlé.
  • Looking Ahead previews upcoming changes like lease accounting and financial statement updates, helping students anticipate key developments in the profession.
  • Codification Applications guide students step by step in using FASB’s standards, with assignments that build research skills and confidence in applying codification.
  • Next-Level Requirements push students beyond basics with advanced, gradable tasks in CNOWv2 -- building critical thinking and decision-making skills for mastery.
Part I: FINANCIAL REPORTING AND STATEMENTS: OBJECTIVES, CONCEPTS, AND ANALYSIS.
1. The Demand for and Supply of Financial Accounting Information.
2. Financial Reporting: Its Conceptual Framework.
3. Review of a Company’s Accounting System.
4. The Balance Sheet and the Statement of Shareholders’ Equity.
5. The Income Statement and the Statement of Cash Flows.
Time Value of Money Module.
Part II: BUSINESS OPERATING ACTIVITIES.
6. Cash and Receivables.
7. Inventories: Cost Measurement and Flow Assumptions.
8. Inventories: Special Valuation Issues.
9. Current Liabilities and Contingent Obligations.
Part III: INVESTING ACTIVITIES.
10. Property, Plant, and Equipment: Acquisition and Subsequent Investments.
11. Depreciation, Depletion, Impairment, and Disposal.
12. Intangibles.
13. Investments and Long-Term Receivables.
Part IV: FINANCING ACTIVITIES.
14. Financing Liabilities: Bonds and Long-Term Notes Payable.
15. Contributed Capital.
16. Retained Earnings and Earnings Per Share.
Part V: SPECIAL TOPICS IN FINANCIAL REPORTING.
17. Advanced Issues in Revenue Recognition.
18. Accounting for Income Taxes.
19. Accounting for Post-Retirement Benefits.
20. Accounting for Leases.
21. The Statement of Cash Flows.
22. Accounting for Changes and Errors.
Appendix A: Starbucks Financial Statements (full report).
Appendix B: List of the Official Pronouncements of the AICPA and FASB.
Appendix C: List of the Official Pronouncements of the IASB.
Appendix D: Brief Guide to Key Differences Between IFRS and GAAP by Chapter.
CengageNOWv2 combines the way students use textbooks and online resources to learn, study and complete homework, allowing them to achieve ultimate success in this course in a digital world.

This Cengage solution can be seamlessly integrated into most Learning Management Systems (Blackboard, Brightspace by D2L, Canvas, Moodle, and more) but does require a different ISBN for access codes. Please work with your Cengage Learning Consultant to ensure the proper course set up and ordering information. For additional information, please visit the LMS Integration site.

Standalone Digital Access — Ultimate Value

Recommended and most popular

  • ISBN-10: 8214059097
  • ISBN-13: 9798214059099
  • RETAIL £35.00

Textbook Only Options

Traditional eBook and Print Options

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  • ISBN-10: 8214059054
  • ISBN-13: 9798214059051
  • RETAIL £51.50

  • ISBN-10: 8214058953
  • ISBN-13: 9798214058955
  • RETAIL £188.00

Cengage provides a range of supplements that are updated in coordination with the main title selection. For more information about these supplements, contact your Learning Consultant.

FOR STUDENTS

International CNOWv2 Instant Access for Wahlen/Jones/Pagach's Intermediate Accounting: Reporting and Analysis

ISBN: 9798214059099
With its engaging learning and assessment tools, CNOWv2 supports the entire student workflow, from motivation to mastery. For instructors, CNOWv2 provides control and customization with the opportunity to tailor the learning experience to improve outcomes. All online text media materials accessible through this access code are available in EMEA, Latin America, Asia and India only.