Modern Advanced Accounting

This text provides complete and in-depth coverage of the topics taught in a one-or-two year advanced accounting course. It has a modular design; each part is self-contained which allows instructors to cover chapters that are appropriate for their class. From the Publisher Annual Report: The appendix to Chapter 14, "Segments; Interim Reports; Reporting for the SEC," contains The McGraw-Hill Companies, Inc. 1997 annual report and quarterly report ending June 30, 1998. Annual and quarterly reports are discussed in that chapter, and students are referred to the appendix to see excerpts. Financial Report: The California Society of CPA's financial report is an appendix to chapter 17, "Nonprofit Organizations." This exposes students to a real-world report. Expanded End-of-Chapter Material: Most chapters contain one Financial Analysis problem and one ethical case. The Financial Analysis problem will be a comprehensive problem requiring students to pull together multiple concepts to solve the problem. The ethical case is identified by an icon and will tie into the SEC ethics section in most chapters. Check figures are also provided in the margin next to selected problems and exercises to assist students in solving difficult problems. Integrated International Coverage: International Accounting Standards are now integrated into chapters rather than only being covered in a single chapter dealing with international accounting. This allows students to compare the international standards directly to the U.S. standards. There is still an international chapter, Chapter 12, that contains an illustration of new Euro. New GASB and FASB rulings: This text now includes discussion of FASB Statements 124, 128, 130, 131, and 133 and GASB Statement 31. This coverage continues Larsen's tradition of being up-to-date in FASB and GASB coverage. Real-World Examples: Real-world examples have been integrated into the body of the text in the consolidations and governmental/non-profit chapters. Real-world scenarios increase students' interest by showing the relevance of accounting. Ethics Icon: This new icon marks cases and areas in the chapter that deal with ethics. Emphasis on Case Studies: These cases in the end-of-chapter material involve analytical and conceptual thinking on both accounting and ethical issues, some of which require students to research suggested references or the Internet. Unique Organization: The subject matter is broken into five distinct sections that help instructors organize the material while also making it easier for students to learn and retain the presented concepts and procedures. These sections are: 1. Accounting for Partnerships and Branches 2. Business Combinations and Consolidated Financial Statements 3. International Accounting; Reporting of Segments for Interim Periods, and to the SEC 4. Accounting for Fiduciaries 5. Accounting for Nonbusiness Organizations Reputation: Jack Larsen is well respected and has a reputation of providing up-to-date accounting standards.