BOOK
Advanced Accounting, Global Edition
Floyd A. Beams | Joseph H. Anthony | Bruce Bettinghaus | Kenneth Smith
(2017)
Additional Information
Book Details
Abstract
For undergraduate and graduate courses in advanced accounting.
Practical learning and real-world application in accounting
Advanced Accounting is an in-depth guide to accounting that reflects the most up-to-date business developments. This comprehensive textbook addresses practical financial reporting problems while reflecting recent business developments and changes in accounting standards. The 13th Edition offers a better teaching and learning experience by providing real-world context. Students learn how to apply key accounting concepts through studying real-world examples, such as reports from popular companies, and up-to-date coverage of businesses. Accounting students and accounting practitioners alike will find this text useful in preparing or analyzing consolidated financial statements, accounting for derivative securities, and governmental and not-for-profit accounting and reporting.Table of Contents
| Section Title | Page | Action | Price |
|---|---|---|---|
| Cover | Cover | ||
| Brief Contents | 9 | ||
| Contents | 11 | ||
| Preface | 17 | ||
| Chapter 1: Business Combinations | 23 | ||
| Reasons For Business Combinations | 24 | ||
| Antitrust Considerations | 25 | ||
| Legal Form of Business Combinations | 26 | ||
| Accounting Concept of Business Combinations | 27 | ||
| Accounting for Combinations as Acquisitions | 28 | ||
| Disclosure Requirements | 35 | ||
| The Sarbanes–Oxley Act | 38 | ||
| Appendix: Pooling of Interests Accounting | 39 | ||
| Chapter 2: Stock Investments—Investor Accounting and Reporting | 51 | ||
| Accounting for Stock Investments | 51 | ||
| Equity Method—A One-Line Consolidation | 54 | ||
| Investment in a Step-by-Step Acquisition | 61 | ||
| Sale of an Equity Interest | 62 | ||
| Stock Purchases Directly from the Investee | 62 | ||
| Investee Corporation With Preferred Stock | 63 | ||
| Discontinued Operations and other Considerations | 64 | ||
| Disclosures for Equity Investees | 64 | ||
| Testing Goodwill for Impairment | 66 | ||
| Chapter 3: An Introduction to Consolidated Financial Statements | 85 | ||
| Business Combinations Consummated Through Stock Acquisitions | 85 | ||
| Consolidated Balance Sheet at Date of Acquisition | 88 | ||
| Consolidated Balance Sheets After Acquisition | 92 | ||
| Assigning Excess to Identifiable Net Assets and Goodwill | 94 | ||
| Consolidated Income Statement | 100 | ||
| Push-Down Accounting | 101 | ||
| Preparing a Consolidated Balance Sheet Worksheet | 103 | ||
| Chapter 4: Consolidation Techniques and Procedures | 119 | ||
| Consolidation Under the Equity Method | 119 | ||
| Locating Errors | 126 | ||
| Excess Assigned to Identifiable Net Assets | 126 | ||
| Consolidated Statement of Cash Flows | 131 | ||
| Preparing a Consolidation Worksheet | 137 | ||
| Appendix A: Trial Balance Workpaper Format\r | 142 | ||
| Consolidation Example—Trial Balance Format and Equity Method | 142 | ||
| Appendix B: Preparing Consolidated Statements when Parent Uses Either the Incomplete Equity Method or the Cost Method | 145 | ||
| Consolidation Under an Incomplete Equity Method\r | 145 | ||
| Consolidation Under the Cost Method\r | 146 | ||
| Chapter 5: Intercompany Profit Transactions—Inventories | 169 | ||
| Intercompany Inventory Transactions | 170 | ||
| Downstream and Upstream Sales | 174 | ||
| Unrealized Profits From Downstream Sales | 177 | ||
| Unrealized Profits From Upstream Sales | 179 | ||
| Consolidation Example—Intercompany Profits From Downstream Sales | 182 | ||
| Consolidation Example—Intercompany Profits From Upstream Sales | 184 | ||
| Appendix: SEC Influence on Accounting | 203 | ||
| The 1933 Securities Act | 203 | ||
| The Securities Exchange Act of 1934 | 204 | ||
| The Sarbanes–Oxley Act | 204 | ||
| The Registration Statement for Security Issues | 205 | ||
| The Integrated Disclosure System | 205 | ||
| Sec Developments | 207 | ||
| Chapter 6: Intercompany Profit Transactions—Plant Assets | 209 | ||
| Intercompany Profits on Nondepreciable Plant Assets | 209 | ||
| Intercompany Profits on Depreciable Plant Assets | 214 | ||
| Plant Assets Sold at other than Fair Value | 222 | ||
| Consolidation Example—Upstream and Downstream Sales of Plant Assets | 223 | ||
| Inventory Purchased for Use as an Operating Asset | 226 | ||
| Chapter 7: Intercompany Profit Transactions—Bonds | 243 | ||
| Intercompany Bond Transactions | 243 | ||
| Constructive Gains and Losses on Intercompany Bonds | 244 | ||
| Parent Bonds Purchased by Subsidiary | 246 | ||
| Parent Purchases Subsidiary Bonds | 252 | ||
| Chapter 8: Consolidations—Changes in Ownership Interests | 271 | ||
| Acquisitions During an Accounting Period | 271 | ||
| Piecemeal Acquisitions | 274 | ||
| Sale of Ownership Interests | 276 | ||
| Changes in Ownership Interests from Subsidiary Stock Transactions | 282 | ||
| Stock Dividends and Stock Splits by a Subsidiary | 285 | ||
| Chapter 9: Indirect and Mutual Holdings | 301 | ||
| Affiliation Structures | 301 | ||
| Indirect Holdings—Father-Son-Grandson Structure | 303 | ||
| Indirect Holdings—Connecting Affiliates Structure | 306 | ||
| Mutual Holdings—Parent Stock Held by Subsidiary | 310 | ||
| Subsidiary Stock Mutually Held | 318 | ||
| Chapter 10: Subsidiary Preferred Stock, Consolidated Earnings per Share, and Consolidated Income Taxation | 335 | ||
| Subsidiaries with Preferred Stock Outstanding | 335 | ||
| Parent and Consolidated Earnings Per Share | 341 | ||
| Subsidiary With Convertible Preferred Stock | 344 | ||
| Subsidiary With Options and Convertible Bonds | 345 | ||
| Income Taxes of Consolidated Entities | 346 | ||
| Income Tax Allocation | 347 | ||
| Separate-Company Tax Returns with Intercompany Gain | 350 | ||
| Effect of Consolidated and Separate-Company Tax Returns on Consolidation Procedures | 354 | ||
| Business Combinations | 361 | ||
| Financial Statement Disclosures for Income Taxes | 366 | ||
| Chapter 11: Consolidation Theories, Push-Down Accounting, and Corporate Joint Ventures | 385 | ||
| Comparison of Consolidation Theories | 386 | ||
| Illustration—Consolidation Under Parent-Company and Entity Theories | 388 | ||
| Push-Down Accounting and other Basis Considerations | 395 | ||
| Joint Ventures | 402 | ||
| Accounting for Variable Interest Entities | 405 | ||
| Chapter 12: Derivatives and Foreign Currency: Concepts and Common Transactions | 421 | ||
| Derivatives | 421 | ||
| Foreign Exchange Concepts and Definitions | 426 | ||
| Foreign Currency Transactions other than Forward Contracts | 428 | ||
| Chapter 13: Accounting for Derivatives and Hedging Activities | 441 | ||
| Accounting for Derivative Instruments and Hedging Activities | 441 | ||
| Accounting for Hedge Contracts: Illustrations of Cash Flow and Fair-Value Hedge Accounting Using Interest Rate Swaps | 450 | ||
| Foreign Currency Derivatives and Hedging Activities | 453 | ||
| Chapter 14: Foreign Currency Financial Statements | 471 | ||
| Objectives of Translation and the Functional Currency Concept | 471 | ||
| Application of the Functional Currency Concept | 473 | ||
| Illustration: Translation | 477 | ||
| Illustration: Remeasurement | 483 | ||
| Hedging a Net Investment in a Foreign Entity | 487 | ||
| Chapter 15: Segment and Interim Financial Reporting | 503 | ||
| Segment Reporting | 503 | ||
| Interim Financial Reporting | 509 | ||
| Guidelines for Preparing Interim Statements | 511 | ||
| Chapter 16: Partnerships—Formation, Operations, and Changes in Ownership Interests | 529 | ||
| Nature of Partnerships | 529 | ||
| Initial Investments in a Partnership | 530 | ||
| Additional Investments and Withdrawals | 532 | ||
| Partnership Operations | 533 | ||
| Profit- and Loss-Sharing Agreements | 534 | ||
| Changes in Partnership Interests | 540 | ||
| Purchase of an Interest from Existing Partners | 541 | ||
| Investing in an Existing Partnership | 544 | ||
| Dissociation of a Continuing Partnership Through Death or Retirement | 546 | ||
| Limited Partnerships | 548 | ||
| Chapter 17: Partnership Liquidation | 565 | ||
| The Liquidation Process | 565 | ||
| Safe Payments to Partners | 569 | ||
| Installment Liquidations | 571 | ||
| Cash Distribution Plans | 577 | ||
| Insolvent Partners and Partnerships | 579 | ||
| Chapter 18: Corporate Liquidations and Reorganizations | 593 | ||
| Bankruptcy Reform Act of 1978 | 593 | ||
| Liquidation | 596 | ||
| Illustration of a Liquidation Case | 597 | ||
| Reorganization | 605 | ||
| Financial Reporting During Reorganization | 609 | ||
| Financial Reporting for the Emerging Company | 610 | ||
| Illustration of a Reorganization Case | 611 | ||
| Chapter 19: An Introduction to Accounting for State and Local Governmental Units | 627 | ||
| Historical Development of Accounting Principles for State and Local Governmental Units | 627 | ||
| Overview of Basic Governmental Accounting Models and Principles | 629 | ||
| The Financial Reporting Entity | 640 | ||
| Comprehensive Annual Financial Report | 641 | ||
| Chapter 20: Accounting for State and Local Governmental Units—Governmental Funds\r | 665 | ||
| Recent Changes to Governmental Fund Accounting | 665 | ||
| The General Fund | 666 | ||
| Accounting for the General Fund | 666 | ||
| Permanent Funds | 679 | ||
| Capital Projects Funds | 680 | ||
| Special Assessment Activities | 684 | ||
| Debt Service Funds | 685 | ||
| Accounting for the Debt Service Fund | 685 | ||
| Governmental Fund Financial Statements | 687 | ||
| Preparing the Government-wide Financial Statements | 690 | ||
| Chapter 21: Accounting for State and Local Governmental Units—Proprietary and Fiduciary Funds | 713 | ||
| Proprietary Funds | 713 | ||
| Internal Service Funds | 714 | ||
| Enterprise Funds | 718 | ||
| Proprietary Fund Financial Statements | 722 | ||
| Fiduciary Funds | 724 | ||
| Preparing the Government-wide Financial Statements | 728 | ||
| Required Proprietary Fund Note Disclosures | 729 | ||
| Chapter 22: Accounting for Not-for-Profit Organizations | 739 | ||
| The Nature of Not-for-Profit Organizations | 739 | ||
| Not-for-Profit Accounting Principles | 740 | ||
| Voluntary Health and Welfare Organizations | 745 | ||
| “Other” Not-for-Profit Organizations | 752 | ||
| Nongovernmental Not-for-Profit Hospitals and other Health Care Organizations | 752 | ||
| Private Not-for-Profit Colleges and Universities | 757 | ||
| Chapter 23: Estates and Trusts | 775 | ||
| Creation of an Estate | 775 | ||
| Probate Proceedings | 776 | ||
| Administration of the Estate | 776 | ||
| Accounting for the Estate | 777 | ||
| Illustration of Estate Accounting | 778 | ||
| Accounting for Trusts | 782 | ||
| Estate Taxation | 783 | ||
| Glossary | 795 | ||
| Index | 803 | ||
| A\r | 803 | ||
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| C\r | 805 | ||
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| E\r | 807 | ||
| F\r | 809 | ||
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| H\r | 811 | ||
| I\r | 811 | ||
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| L\r | 813 | ||
| M\r | 813 | ||
| N\r | 813 | ||
| O\r | 814 | ||
| P\r | 815 | ||
| Q\r | 816 | ||
| R\r | 816 | ||
| S\r | 817 | ||
| T\r | 818 | ||
| U\r | 819 | ||
| V\r | 819 | ||
| W\r | 819 |