The Twelfth Edition of Advanced Financial Accounting is an up-to-date,
comprehensive, and highly illustrated four-color presentation of the
accounting and reporting principles and procedures used in a variety of
business entities. Every day, the business press carries stories about
the complexities of modern business entities, and students must know how
to deal with the accounting and reporting ramifications of issues such
as:
- mergers and acquisitions
- new organizational structures
- accounting scandals related to complex transactions
- foreign activities of multinational firms
- operations of governmental and not-for-profit entities
- bankruptcies of major firms
- and more!
This edition continues to provide strong coverage of Advanced Accounting
topics with clarity of presentation and integrated coverage based on
continuous case examples. The text is complete with presentations of
worksheets, schedules, and financial statements so students can see the
development of each topic. Inclusion of recent FASB and GAAP
pronouncements - and focus on the continuing deliberations of the
authoritative bodies - provide the most current content for students
preparing for the CPA examination and their future careers. Given the
recent rapid pace of the authoritative bodies in dealing with major
issues, the emphasis on currency and standards in Advanced Financial
Accounting has become more important than ever for both students and
aspiring professionals.
