This second edition of "Advanced Financial Accounting" has been revised to incorporate recent FASB and GASB events. Its building-block approach allows for great reader accessibility. In addition, a continuous case is used for every major subject area, illustrations aid in understanding key concepts, and the learning material located at the end of the chapters offers more comprehensive cases and problems, as well as single-issue problems.

Advanced Financial Accounting

Business & Money

Valdean C. Lembke

Accounting

McGraw-Hill College

<p>Advanced Accounting continues to be the most comprehensive, student-friendly text on the market. This edition includes a complete update of material. In addition, end-of-chapter exercises, problems, and cases have been revised to include more critical-thinking materials.</p>

Thomas E. King

Valdean C. Lembke Thomas E. King Richard E. Baker

McGraw-Hill.

The Sixth Edition of "Advanced Financial Accounting", by Baker/Lembke/King continues its strong coverage of the topics, its well-known clarity of presentation, and its integrated coverage based on continuous case examples. The text is highly illustrated with complete presentations of worksheets, schedules, and financial statements so that students can see the development of each new topic. In the chapters covering consolidation subsequent to the date of combination, the three alternative methods of the parent company's accounting for the investment - basic equity, cost, and fully adjusted equity - are presented in each chapter and appendices to provide the opportunity to cover the differences in the methods, and to see how the consolidated financial statements are the same regardless of the method the parent company uses to account for the investment. The two international chapters include a comprehensive discussion of accounting for foreign currency derivatives and other forms of derivatives such as interest swaps and options used in today's business arena.

Richard E. Baker

McGraw-Hill Education

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