This balanced and remarkably clear text provides comprehensive coverage of the most important topics in advanced accounting. Reflecting 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).
NEW TO THIS EDITION
- Written with both the student and teacher in mind, including margin icons and labels to distinguish all three methods.
- International Financial reporting Standa5ds content introduced with each topic where a standard is applicable and highlighted with a new "IFRS" margin icon.
- New Chapter 11: International Financial reporting Standards, 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, Professional Simulation problems, and "In the News" features.