Finance or Fundamentals of Advanced Accounting

Finance: International Perspective

Author: Arthur I Stonehill

Designed for the first finance course,you can use this text to give your students an awareness of the applications and limitations of business finance theories and practices when they are applied to international business. The material is designed to be integrated with the basic coverage throughout the course.

New interesting textbook: Emotions in Organizational Behavior or Health Economics

Fundamentals of Advanced Accounting

Author: Joe Ben Hoyl

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 141R, “Business Combinations” (to replace SFAS 141).

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 1

Ch. 2 Consolidation of Financial Information 37

Ch. 3 Consolidations - Subsequent to the Date of Acquisition 85

Ch. 4 Consolidated Financial Statements and Outside Ownership 143

Ch. 5 Consolidated Financial Statements - Intercompany Asset Transactions 197

Ch. 6 Variable Interest Entities, Intercompany Debt, Consolidated Cash Flows, and Other Issues 244

Ch. 7 Foreign Currency Transactions and Hedging Foreign Exchange Risk 293

Ch. 8 Translation of Foreign Currency Financial Statements 352

Ch. 9 Partnerships: Formation and Operation 406

Ch. 10 Partnerships: Termination and Liquidation 443

Ch. 11 Accounting for State and Local Governments (Part 1) 479

Ch. 12 Accounting for State and Local Governments (Part 2) 529

Index 587