This is a long-awaited intermediate accounting text that has a true Decision Maker's Perspective. The role of financial reporting is to communicate information that supports users and decision makers. Spiceland and Sepe provide students with an understanding of how decision makers use accounting information so they will fully understand financial reporting issues and be able to critically evaluate reporting alternatives. This perspective is responsive to the recommendations of the Accounting Education Change Commission (AECC) and the education section of the American Accounting Association which identify the need for accounting curricula to emphasize professional judgment and critical-thinking skills.