images

PREFACE

Convergence with international accounting standards has played an important role in virtually every project entered into by the Financial Accounting Standards Board (FASB) in recent years. Accounting for business combinations is no exception. In the 5th edition of Advanced Accounting, we compare and contrast U.S. standards and international principles throughout the book, drawing the readers' attention to remaining differences with an IFRS icon. The reader is made aware of important changes, both present and expected future ones. We also incorporate the FASB's codification system for referencing standards.

This book is designed for advanced courses dealing with financial accounting and reporting in the following topical areas: business combinations, consolidated financial statements, international accounting, foreign currency transactions, accounting for derivative instruments, translation of financial statements of foreign affiliates, segment reporting and interim reporting, partnerships, fund accounting and accounting for governmental units, and accounting for nongovernment–nonbusiness organizations. The primary objective of this book is to provide a comprehensive treatment of selected topics in a clear and understandable manner. The changes related to FASB ASC Topics 805 and 810 (SFAS No. 141R and 160) are integrated throughout the edition. As in previous editions, we ...

Get Advanced Accounting, 5th Edition now with O’Reilly online learning.

O’Reilly members experience live online training, plus books, videos, and digital content from 200+ publishers.