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The Eleventh Edition of Advanced Financial Accounting is an up-to-date, comprehensive,
and highly illustrated presentation of the accounting and reporting principles and procedures
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, new organizational
structures for conducting business, accounting scandals related to complex business
transactions, the foreign activities of multinational firms, the operations of governmental and
not-for-profit entities, and bankruptcies of major firms. Accountants must understand and
know how to deal with the accounting and reporting ramifications of these issues.
Table of Contents
Chapter 1: Intercorporate Acquisitions and Investments in Other Entities
Chapter 2: Reporting Intercorporate Investments and Consolidation of Wholly Owned Subsidiaries with No Differential
Chapter 3: The Reporting Entity and the Consolidation of Less-than-Wholly-Owned Subsidiaries with No Differential
Chapter 4: Consolidation of Wholly Owned Subsidiaries Acquired at More than Book Value
Chapter 5: Consolidation of Less-than-Wholly-Owned Subsidiaries Acquired at More than Book Value
Chapter 6: Intercompany Inventory Transactions
Chapter 7: Intercompany Transfers of Services and Noncurrent Assets