- 976 pages
- English
- PDF
- Available on iOS & Android
Advanced Accounting
About This Book
In the newly revised eighth edition of Advanced Accounting, a decorated team of accounting professionals delivers authoritative and comprehensive coverage of all three methods of consolidated financial reporting: cost, partial equity, and complete equity. This invaluable work compares and contrasts United States and international principles, drawing reader attention to enduring differences between the two frameworks.
The authors draw on their extensive experience with US and international accounting to connect advanced accounting methods to practical applications with challenging exercises that feature the financial statements of real-world companies. With a consistent focus on clarity and accessibility, the authors highlight current business news stories and their relevance to core concepts. Ideal for accounting majors seeking an insightful and robust exploration of complex accounting methods, Advanced Accounting also includes:
- The latest changes by the Financial Accounting Standards Board and the Governmental Accounting Standards Board
- Discussions of the tax consequences of a variety of business combinations
- New end-of-chapter materials with additional problems, exercises, and questions
- New "In the News" boxes with updated stories
- Updated tutorial videos and international comparisons
- Revised test bank questions
Frequently asked questions
Table of contents
- Cover
- Title Page
- Copyright
- About the Authors
- Preface
- Contents
- Chapter 1 Introduction to Business Combinations and the Conceptual Framework
- Chapter 2 Accounting for Business Combinations
- Chapter 3 Consolidated Financial StatementsâDate of Acquisition
- Chapter 4 Consolidated Financial Statements After Acquisition
- Chapter 5 Allocation and Depreciation of Differences Between Implied and Book Values
- Chapter 6 Elimination of Unrealized Profit on Intercompany Sales of Inventory
- Chapter 7 Elimination of Unrealized Gains or Losses on Intercompany Sales of Property and Equipment
- Chapter 8 Changes in Ownership Interest
- Chapter 9 InsolvencyâLiquidation and Reorganization
- Chapter 10 International Financial Reporting Standards
- Chapter 11 Accounting for Foreign Currency Transactions and Hedging Foreign Exchange Risk
- Chapter 12 Translation of Financial Statements of Foreign Affiliates
- Chapter 13 Reporting for Segments and for Interim Financial Periods
- Chapter 14 Partnerships: Formation, Operation, and Ownership Changes
- Chapter 15 Partnership Liquidation
- Chapter 16 Introduction to Fund Accounting
- Chapter 17 Introduction to Accounting for State and Local Governmental Units
- Chapter 18 Accounting for Nongovernment Nonbusiness Organizations: Colleges and Universities, Hospitals and Other Health Care Organizations
- Glossary
- Appendix PV: Tables of Present Values
- Index
- EULA