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Advanced Accounting
- Susan S. Hamlen - University at Buffalo, The State University of New York
Courses:
Principles of Management
Principles of Management
January 2025 | Cambridge Business Publishers
Formerly published by Cambridge Business Publishers, now published by Sage
Advanced Accounting, Fifth Edition provides comprehensive coverage of complex financial reporting topics, including business combinations, foreign currency transactions, hedging, state and local government accounting, not-for-profit organizations, and other specialized areas. The text emphasizes understanding the logic behind reporting standards and requirements, helping students develop judgment rather than relying on rote procedures. Written in a student-friendly style, each topic is introduced by explaining the underlying business activity, the reporting objectives, and how accounting standards achieve those objectives. Illustrations from current financial statements and real business events reinforce learning and familiarize students with how advanced accounting issues appear in practice.
Designed for undergraduate and graduate advanced accounting courses—as well as mergers and acquisitions–focused offerings—the book aligns closely with the CPA Evolution Model Curriculum. Critical thinking, evaluation of reporting alternatives, and analysis of information are emphasized throughout, preparing students for both the CPA Exam and professional practice.
Advanced Accounting, Fifth Edition provides comprehensive coverage of complex financial reporting topics, including business combinations, foreign currency transactions, hedging, state and local government accounting, not-for-profit organizations, and other specialized areas. The text emphasizes understanding the logic behind reporting standards and requirements, helping students develop judgment rather than relying on rote procedures. Written in a student-friendly style, each topic is introduced by explaining the underlying business activity, the reporting objectives, and how accounting standards achieve those objectives. Illustrations from current financial statements and real business events reinforce learning and familiarize students with how advanced accounting issues appear in practice.
Designed for undergraduate and graduate advanced accounting courses—as well as mergers and acquisitions–focused offerings—the book aligns closely with the CPA Evolution Model Curriculum. Critical thinking, evaluation of reporting alternatives, and analysis of information are emphasized throughout, preparing students for both the CPA Exam and professional practice.
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Preface
Brief Contents
Contents
Chapter 1: Intercorporate Investments: An Overview
Chapter 2: Mergers and Acquisitions
Chapter 3: Consolidated Financial Statements: Date of Acquisition
Chapter 4: Consolidated Financial Statements Subsequent to Acquisition
Chapter 5: Consolidated Financial Statements: Outside Interests
Chapter 6: Consolidated Financial Statements: Intercompany Transactions
Chapter 7: Consolidating Foreign Currency Financial Statements
Chapter 8: Foreign Currency Transactions and Hedging
Chapter 9: Futures, Options, and Interest Rate Swaps
Chapter 10: State and Local Governments: Introduction and General Fund Reporting
Chapter 11: State and Local Governments: Other Transactions
Chapter 12: State and Local Governments: External Financial Reporting
Chapter 13: Private Not-For-Profit Organizations
Chapter 14: Partnership Accounting and Reporting
Chapter 15: Bankruptcy and Reorganization
Chapter 16: The SEC and Financial Reporting
Appendix A: Data Analytics and Blockchain Technology
Index