Fundamentals of Advanced Accounting, 2/e is ideal for those schools wanting to cover 12 chapters in their advanced
accounting course. Typically, this course covers 5-6 consolidations chapters, two foreign currency chapters, two
partnership chapters, and 2-3 governmental and not-for-profit chapters. Fundamentals of Advanced Accounting boasts
the same great assets that have made the authors' longer Advanced Accounting a success, including the incorporation
of the latest FASB pronouncements, the integration of skill preparation for the new CPA exam, and of course, great
authorship. This edition also includes an update on the Financial Accounting Standard Board (FASB), in conjunction
with the International Accounting Standards Board, which enacted the following two statements of financial accounting
standards (SFAS) that will affect significantly the accounting and financial reporting for business combinations:
SFAS 160, �Noncontrolling Interests and Consolidated Financial Statements� (to replace Accounting Research Bulletin
51).
Table of Contents
Ch. 1 The Equity Method of Accounting for Investments
Ch. 2 Consolidation of Financial Information
Ch. 3 Consolidations - Subsequent to the Date of Acquisition
Ch. 4 Consolidated Financial Statements and Outside Ownership
Ch. 5 Consolidated Financial Statements - Intercompany Asset Transactions
Ch. 6 Intercompany Debt, Consolidated Statement of Cash Flows, and Other Issues
Ch. 7 Foreign Currency Transactions and Hedging Foreign Exchange Risk
Ch. 8 Translation of Foreign Currency Financial Statements
Ch. 9 Partnerships: Formation and Operation
Ch. 10 Partnerships: Termination and Liquidation
Ch. 11 Accounting for State and Local Governments, Part I
Ch. 12 Accounting for State and Local Governments, Part II