Provides comprehensive coverage of advanced accounting topics in a clear and readable manner. The Fifth Edition deals with the following areas: business combinations, consolidated financial statements, equity methods of reporting investments, branches, foreign currency transactions, translation of financial statements of foreign affiliates, segment reporting and interim reporting, corporate reorganization and liquidation, partnerships, fund accounting and accounting for governmental units, accounting for nongovernmental and nonbusiness organizations, estates and trusts, installment sales, and consignment transactions. Offering maximum flexibility for instructors in selection and breadth of coverage, it has been updated to reflect the most recent pronouncements of the Financial Accounting Standards Board and Governmental Accounting Standards Board. Includes numerous exercise and problem material.
Having studied under another book on the same subject, I'm able to appreciate how well this book is written. It makes the seemingly impossible to understand not only doable but almost fun, by including plenty of illustrations in a straightforward format as well as real-life boxes on current events. The Excel tutorials made learning even easier when I got stuck occasionally on a particularly difficult concept.
Advanced Accounting
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