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Intermediate Financial Accounting Volume 1

The Intermediate Financial Accounting Volume 1 by G. Arnold and S. Kyle, developed in collaboration by Athabasca University and Lyryx, is intended for a first course in Intermediate Financial Accounting, and presumes that students have already completed one or two Introductory Financial Accounting courses. It includes an interactive e-textbook, algorithmic assessments powered by a test bank with over 250 unique questions, solution manuals, instructional videos, and real-time performance dashboards to view individual or class performance.

The Intermediate Financial Accounting Volume 1 resource has been authored by G. Arnold and S. Kyle, in collaboration with Athabasca University. It reflects current International Financial Reporting Standards (IFRS), such as IFRS 15 – Revenue from Contracts With Customers. To request access to the demo course, click here.

Intermediate Financial Accounting Volume 1
Intermediate Financial Accounting Volume 1

This Intermediate Financial Accounting Volume 1 textbook provides a review of introductory accounting concepts and covers all topics essential to a first-level Intermediate Accounting course: the conceptual framework and current landscape of financial reporting; statements of financial position; comprehensive income; cash flows and shareholders’ equity; cash and receivables; revenue; inventory; property, plant and equipment; intangible assets; and inter-corporate investments. 

It also focuses on more difficult intermediate accounting topics that match prerequisite requirements for students advancing to a second level Intermediate Financial Accounting course. Topics that are covered in Advanced Financial Accounting courses, such as consolidations and foreign exchange, are not included here.

Detailed solutions to exercises are provided at the end of the e-textbook for those adopting the Vretta-Lyryx assessment.

For those requiring preparation for CPA designation, competencies as outlined by the CPA are addressed in this textbook. For a detailed competency map, please contact us at [email protected].