Advanced Accounting

An in-depth guide to accounting that reflects the most up-to-date business developments.

This comprehensive textbook addresses practical financial reporting problems while reflecting recent business developments and changes in accounting standards.

This edition has been rewritten to align with the Financial Accounting Standards Board Accounting Standards Codification.

Chapter 1: Business Combinations
Chapter 2: Stock Investments—Investor Accounting and Reporting
Chapter 3: An Introduction to Consolidated Financial Statements
Chapter 4: Consolidation Techniques and Procedures  
Chapter 5: Intercompany Profit Transactions—Inventories   
Chapter 6: Intercompany Profit Transactions—Plant Assets   
Chapter 7: Intercompany Profit Transactions—Bonds   
Chapter 8: Consolidations—Changes in Ownership Interests   
Chapter 9: Indirect and Mutual Holdings   
Chapter 10: Subsidiary Preferred Stock, Consolidated Earnings per Share, and Consolidated Income Taxation   
Chapter 11: Consolidation Theories, Push-Down Accounting, and Corporate Joint Ventures   
Chapter 12: Derivatives and Foreign Currency: Concepts and Common Transactions
Chapter 13: Accounting for Derivatives and Hedging Activities
Chapter 14: Foreign Currency Financial Statements   
Chapter 15: Segment and Interim Financial Reporting   
Chapter 16: Partnerships—Formation, Operations, and Changes in Ownership Interests   
Chapter 17: Partnership Liquidation   
Chapter 18: Corporate Liquidations and Reorganizations   
Chapter 19: An Introduction to Accounting for State and Local Governmental Units   
Chapter 20: Accounting for State and Local Governmental Units—Governmental Funds   
Chapter 21: Accounting for State and Local Governmental Units—Proprietary and Fiduciary Funds   
Chapter 22: Accounting for Not-for-Profit Organizations   
Chapter 23: Estates and Trusts