For undergraduate and graduate courses in 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.
Table of Contents
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
Chapter 11: Consolidation Theories, Push-Down Accounting
Chapter 12: Derivatives and Foreign Currency
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
Chapter 17: Partnership Liquidation
Chapter 18: Corporate Liquidations and Reorganizations
Chapter 19: An Introduction to Accounting for State and Local Governmental
Chapter 20: Accounting for State and Local Governmental
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