Textbook

Advanced Accounting, 4th Edition

< >

Designed for a senior level course in advanced accounting, this text delivers a balanced and detailed approach to the conceptual and technical aspects of advanced accounting. Reflective of the current state of the international accounting landscape, this new edition discusses the upcoming globalization of accounting standards with frequent references to the FASB’s new Codification system and with a “compare and contrast” method for explaining the differences between U.S. GAAP and IFRS.

In addition, Advanced Accounting includes comprehensive coverage of all three methods of consolidated financial reporting (cost, partial equity, complete equity). Authored with both the student and teacher in mind, margin icons and labels distinguish all three methods and other pedagogical features.

Create a customized edition with Wiley Custom Select

Instant access to textbooks as eTextbooks. Learn more at coursesmart.com

Table of Contents

I: Accounting for Mergers, Acquisitions, and Liquidations.

1 Introduction to Business Combinations and the Conceptual Framework.

2 Accounting for Business Combinations.

3 Consolidated Financial Statements-Date of Acquisition.

4 Consolidated Financial Statements after Acquisition.

5 Allocation and Depreciation of Differences between Implied and Book Values.

6 Elimination of Unrealized Profit on Intercompany Sales of Inventory.

7 Elimination of Unrealized Gains or Losses on Intercompany Sales of Property and Equipment.

8 Changes in Ownership Interest.

9 Intercompany Bond Holdings and Miscellaneous Topics-Consolidated Financial Statements.

10 Insolvency-Liquidation and Reorganization.

II: Accounting in the International Marketplace.

11. International Financial Reporting Standards.

12 Accounting for Foreign currency Transactions and Hedging Foreign Exchange Risk.

13 Translation of Financial Statements of Foreign Affiliates.

14 Reporting for Segments and for Interim Financial Periods.

III: Partnership Accounting.

15 Partnerships: Formation, Operation, and Ownership Changes.

16 Partnership Liquidation.

IV: Fund and Nonprofit Accounting.

17 Introduction to Fund Accounting.

18 Introduction to Accounting for State and Local Governmental Units.

19 Accounting for Nongovernment Nonbusiness Organizations:Colleges and Universities, Hospitals and Other Health Care Organizations.

Glossary.

Appendix.

Index.

Excerpts

Read Excerpt 1 (PDF)

Download Acrobat

Author Information

Debra Jeter is an Associate Professor of Management in the Owen Graduate School of Management at Vanderbilt University. She received her Ph.D. in accounting from Vanderbilt University. Dr. Jeter has published articles in The Accounting Review, the Journal of Accounting and Economics, Auditing: A Journal of Practice and Theory, Contemporary Accounting research, and Accounting Horizons, as well as in popular magazines including Working Woman and Savvy. She has co-authored on previous book, "Managerial Cost Accounting: Planning and Control," and has written chapters in others. She has taught at both the graduate and undergraduate levels and is currently teaching financial accounting to masters' level students.

New To This Edition

International Financial Reporting Standards content introduced with each topic where a standard is applicable and highlighted with a new “IFRS” margin icon.
Integrated exposure draft content.
The incorporation of Chapter 11: International Financial Reporting Standards into the text, which emphasizes the FASB and IASB major joint projects, including revenue recognition, accounting for leases, and financial statement presentation.
Updated end-of-chapter material that includes relevant “Business Ethics” questions and Professional Simulation problems.
Updated “In the News” features.

Hallmark Features

“Related Concepts” margin notes and conceptual questions at the end of chapter link the topics covered back to the conceptual framework where appropriate.
Comprehensive coverage of all three methods of consolidated financial reporting.
Current coverage of relevant International Accounting Standards and a compare and contrast discussion of the differences between U.S. GAAP and IFRS.

Consolidated financial statements chapter presented after acquisition without the complications related to excess depreciation and amortization.
Conceptual questions in the end-of-chapter materials relate to theoretical topics covered in the framework and help students keep sight of the big picture