The seventh edition of Advanced Financial Accounting is a comprehensive and highly illustrated presentation of the accounting and reporting principles used in a variety of business entities.Every day,the business press carries stories about the merger and acquisition mania,the complexities of modern business entities and new organizational structures for conducting business,accounting scandals related to complex business transactions,the foreign activities of multinational firms,the operations of governmental and nonprofit entities,and other topics typically included in advanced accounting.Accountants must know how to deal with the accounting and reporting ramifications of these issues.
PROLOGUE
The Entity Concept in Accounting
CHAPTER 1 MERGERS AND ACQUISITIONS:ACCONTING METHODS
CHAPTER 2 MERGERS AND ACQUISITIONS:SPECIAL TOPICS
CHAPTER 3 MERGERS AND ACQUISITIONS:THE BALANCE SHEET
CHAPTER 4 CONSOLIDATION AFTER DATE OF ACQUISITION
CHAPTER 5 CONSOLIDATED FINANCIAL STATEMENTS:INTERCOMPANY TRANSACTIONS 1
CHAPTER 6 CONSOLIDATED FINANCIAL STATEMENTS:INTERCOMPANY TRANSACTIONS 2
CHAPTER 7 CONSOLIDATED FINANCIAL STATEMENTS:SPECIAL TOPICA
CHAPTER 8 BANKRUPTCY AND REORGANIZATION
CHAPTER 9 TRANSLATING FOREIGN CURRENCY FINANCIAL STATEMENTS9-1
CHAPTER 10 ACCOUNTING FOR FOREIGN CURRENCY TRANSACTIONS
CHAPTER 11 DERIVATIVE FINANCIAL INSTRUMENTS: FUTURES,OPTIONS,AND FINANCIAL SWAPS
CHAPTER 12 ACCOUNTING AND REPORING FOR ROUTINE ACTIVITIES OF STATE AND LOCAL GOVERNMENT
CHAPTER 13 ACCOUNTING FOR NONROUTINE ACTIVITIES AND EXTERNAL REPORTING FOR STATE AND LOCAL GOVERNMENT
CHAPTER 14 ACCOUNTING AND REPORTING BY NOT-FOR-PROFIT ORGANIZATIONS
CHAPTER 15 PARTNERSHIPS: FORMATION,OPERATION,AND EXPANSION
CHAPTER 16 PARTNERSHIPS: CONTRACTION,TERMINATION,AND LIQUIDATION