Intermediate Accounting

Fourth Edition

Edited by:

Michelle Hanlon - Massachusetts Institute of Technology
Leslie Hodder
Karen K. Nelson - M.J. Neeley School of Business, Texas Christian University
Darren Roulstone
Amie Dragoo

August 2025 | Cambridge Business Publishers

Formerly published by Cambridge Business Publishers, now published by Sage

Intermediate Accounting, Fourth Edition by Michelle L. Hanlon, Leslie Hodder, Karen K. Nelson, Darren Roulstone, and Amie L. Dragoo equips students for CPA Exam success through an active learning approach, bite-sized content, and nearly 1,000 engaging, author-created videos available in myBusinessCourse™—a learning platform built for today’s digital-first, visual learners. The Fourth Edition has been fully updated to align with CPA Exam blueprints (FAR and BAR), expand coverage of accounting changes and sustainability reporting, and reflect the latest standards, including crypto assets and tax reconciliation. New multiple-choice questions, enhanced Balance Sheet Equation assignments, and refreshed Real World and Management Judgment content further support teaching and assessment.

A Complete Teaching and Learning Package

For additional information or to request a personalized tour of the following tools and resources, please contact your sales representative:

· Learning Platform: This text is available with myBusinessCourse™, an easy-to-use online platform that helps students learn accounting. It includes auto-graded homework, integrated Excel^® assignments, and engaging, author-created videos that reinforce key concepts. Designed to complement classroom instruction, it offers interactive tools that build understanding, improve retention, and boost student readiness for the CPA Exam and their entry into the professional world. And it works—95.5% of students said it helped them learn accounting.

· Instructor Resources/Ancillaries: Test banks, editable chapter-specific PowerPoint^® slides, the solutions manual, data analytics solutions, and the assignment transition guide can be downloaded via the password-protected Instructor Resources site.

Chapter 1: Accounting Environment and the Conceptual Framework

Chapter 2: Accounting Information System

Chapter 3: Income Statement and Comprehensive Income

Chapter 4: Balance Sheet and Financial Reporting

Chapter 5: Statement of Cash Flows and Financial Analysis

Chapter 6: Time Value of Money

Chapter 7: Revenue Recognition

Chapter 8: Cash and Receivables

Chapter 9: Inventory: Measurement

Chapter 10: Inventory: Additional Issues

Chapter 11: Property, Plant, and Equipment: Acquisition and Disposition

Chapter 12: Depreciation, Impairments, and Depletion

Chapter 13: Intangible Assets and Goodwill

Chapter 14: Investments in Debt and Equity Securities

Chapter 15: Current Liabilities and Contingencies

Chapter 16: Long-Term Liabilities

Chapter 17: Accounting for Leases

Chapter 18: Income Taxes

Chapter 19: Stockholders' Equity

Chapter 20: Share-Based Compensation and Earnings per Share

Chapter 21: Accounting Changes and Error Analysis

Chapter 22: Statement of Cash Flows Revisited

Chapter 23: Pensions and Postretirement Benefits

Appendix A: Data Analytics and Visualizations

Appendix B: IFRS

Students find Intermediate Accounting by Hanlon, Hodder, Nelson, Roulstone, and Dragoo far superior [to our previous textbook], and our test scores suggest that they are learning the material better as well.

Professor John Campbell

University of Georgia

Intermediate Accounting, by Hanlon et al., is superior in comparison to the previous text that we used for decades. Students appreciate the tight narrative of each learning objective delivered in “chunks of information” which is how today’s students learn.

Professor Nate Sharp

Texas A&M University

I have been using Cambridge Business Publishers’ Intermediate Accounting textbook for the past three years. While it is an excellent student resource, what truly sets Cambridge apart is their outstanding customer support. Their representatives are incredibly responsive and helpful, both for faculty and students, and their online resources are extremely reliable.

Professor Sarah Zechman

University of Colorado, Boulder

Students tend not to read textbooks the way they did in the past. My students learn better by seeing an example and then doing a similar problem. The Overview/Demonstration/Review approach used in the book worked well for my students for that reason.

Professor Lindsay Meermans

Wittenberg University

The book does an excellent job of breaking the content into smaller chunks that are more digestible for students. The students also really like the video content that is available with the text.

Professor Josh Filzen

Boise State University

Key features

NEW TO THIS EDITION:

The new edition is available with myBusinessCourse™, an easy-to-use online platform that helps students learn accounting. It includes auto-graded homework, integrated Microsoft Excel^® assignments, and engaging, author-created videos that reinforce key concepts. Designed to complement classroom instruction, it offers interactive tools that build understanding, improve retention, and boost student readiness for the CPA Exam and their entry into the professional world. And it works—95.5% of students said it helped them learn accounting.
CPA Exam Alignment: Updated chapter Action Plans align learning objectives with CPA Exam blueprints, helping faculty and students understand how each chapter maps to the FAR and BAR sections, supporting assessment and curriculum planning.
Balance Sheet Equation (BSE) Updates: The BSE now includes abbreviated account names, making it easier for students to see the direct impact of transactions on financial statements. Assignments are available in both BSE and journal entry formats.
Updated Standards: Reflects the latest accounting standards, including guidance on crypto assets, expense disclosures, and tax reconciliation.
Sustainability Reporting: New and updated examples and assignments related to sustainability reporting are included in most chapters.
New Multiple-Choice Questions: Each chapter now features multiple-choice questions aligned with every learning objective, with algorithmic versions for quantitative items available in myBusinessCourse.
Accounting Changes Chapter: Examples related to accounting changes have been consolidated into a new, dedicated chapter (Chapter 21) for more focused learning.
Augmented Content: Expanded and reorganized coverage—shaped by instructor feedback and research—now includes updates to financial statements, revenue recognition, notes receivable, and tax/pension chapters.
Updated Disclosures and Management Judgment: Real World boxes and Management Judgment sections have been revised with current information and new company examples to reflect evolving practices.
Revised Test Bank: Expanded to include a broader range of questions with varying levels of difficulty.

KEY FEATURES:

Action Plan: Each chapter begins with a table outlining Learning Objectives, relevant textbook pages, Demonstration Problems & Videos, Review Problems & Videos, and Assignments—providing a clear roadmap for students and instructors.
Concept Overview: Learning Objectives are linked to accounting principles and include Codification references to ensure authoritative, unbiased content.
Demonstration Problems & Videos: These short, 3- to 4-minute videos accompany example problems to visually demonstrate step-by-step solutions, supporting better comprehension.
Review Problems & Videos: These offer follow-up problems with video solutions to reinforce learning through practice and application.
Real-World Financial Statement Excerpts: Integrated excerpts from actual financial statements and footnotes show how companies apply key accounting principles.
Expanding Your Knowledge Sections: These sections offer advanced examples and discussion prompts to encourage deeper understanding and promote meaningful classroom dialogue.
Data Analytics & Visualizations Sections: These feature end-of-chapter assignments using Excel and Tableau with auto-grading options to help students build practical data analysis skills.

You are here

Intermediate Accounting

Sage College Publishing