Advanced Accounting, Emea Edition

Zusammenfassung Advanced Accounting, 7th Edition, EMEA Edition delivers an in-depth, comprehensive introduction to advanced accounting theory and application, using actual business examples and relevant news stories to demonstrate how core principles translate into real-world business scenarios. Clearly defined and logically organized Learning Objectives aid in student comprehension, while highlighted Related Concepts illustrate how individual concepts fit into the larger picture. Short answer questions throughout the chapter allow students to test their knowledge before reaching the more in-depth end-of-chapter questions, promoting a deeper understanding of both technical and conceptual aspects of the field.Written by active accounting researchers, this text brings clarity and flexibility to the central ideas underlying business combinations, consolidated financial statements, foreign currency transactions, partnerships, non-profit accounting and more. This new 7th Edition, EMEA Edition has been updated to reflect the latest changes to FASB and GASB standards, allowing students to build a skill set based on up-to-date practices. With a student-oriented pedagogy designed to enhance comprehension, promote engagement, and build real-world understanding, this user-friendly book provides an essential foundation in current advanced accounting methods and standards. Inhaltsverzeichnis About the AuthorsPrefaceChapter 1: Introduction to Business Combinations and the Conceptual FrameworkLearning Objectives1.1 Growth Through Mergers1.2 Nature of the Combination1.3 Business Combinations: Why? Why not?1.4 Business Combinations: Historical Perspective1.5 Terminology and Types of Combinations1.6 Takeover Premiums1.7 Avoiding the Pitfalls before the Deal1.8 Determining Price and Method of Payment in Business Combinations1.9 Alternative Concepts of Consolidated Financial Statements1.10 FASB's Conceptual Framework1.11 FASB Codification (Source of GAAP)SummaryQuestionAnalyzing Financial StatementsExercisesASC ExercisesChapter 2: Accounting for Business CombinationsLearning Objectives2.1 Accounting Standards on Business Combinations: Background2.2 Illustration of Acquisition Accounting2.3 Bargain Purchase Accounting2.4 Measurement Period and Measurement Period Adjustments2.5 Goodwill Impairment Test2.6 Contingent Consideration (Earnouts)2.7 Proforma Statements and Disclousre Requirements2.8 Leveraged Buyouts2.9 IFRS versus U.S. GAAPSummaryQuestionAnalyzing Financial StatementsExercisesASC ExercisesChapter 3: Consolidated Financial Statements-Date of AcquisitionLearning Objectives3.1 Definitions of Subsidiary and Control3.2 Requirements for the Inclusion of Subsidiaries in the Consolidated Financial Statements3.3 Reasons for Subsidiary Companies3.4 Consolidated Financial Statements3.5 Investments at the Date of Acquisition3.6 Consolidated Balance Sheets: The Use of Workpapers3.7 A Comprehensive Illustration-More than One Subsidiary Company3.8 Limitations of Consolidated StatementsSummaryQuestionAnalyzing Financial StatementsExercisesASC ExercisesChapter 4: Consolidated Financial Statements After AcquisitionLearning Objectives4.1 Accounting for Investments By the Cost, Partial Equity, and Complete Equity Methods4.2 Consolidated Statements After Acquisition--Cost Method4.3 Recording Investments in Subsidiaries--Equity Method (Partial Or Complete)4.4 Elimination of Intercompany Revenue and Expense Items4.5 Interim Acquisitions of Subsidiary Stock4.6 Consolidated Statement of Cash Flows4.7 Illustration of Preparation of a Consolidated Statement of Cash Flows--Year of Acquisition4.8 Compare U.S. GAAP and IFRS Regarding Equity MethodSummaryQuestionAnalyzing Financial StatementsExercisesASC ExercisesChapter 5: Allocation and Depreciation of Differences Between Implied and Book ValuesLearning Object...

List of contents

About the Authors
 
Preface
 
Chapter 1: Introduction to Business Combinations and the Conceptual Framework
 
Learning Objectives
 
1.1 Growth Through Mergers
 
1.2 Nature of the Combination
 
1.3 Business Combinations: Why? Why not?
 
1.4 Business Combinations: Historical Perspective
 
1.5 Terminology and Types of Combinations
 
1.6 Takeover Premiums
 
1.7 Avoiding the Pitfalls before the Deal
 
1.8 Determining Price and Method of Payment in Business Combinations
 
1.9 Alternative Concepts of Consolidated Financial Statements
 
1.10 FASB's Conceptual Framework
 
1.11 FASB Codification (Source of GAAP)
 
Summary
 
Question
 
Analyzing Financial Statements
 
Exercises
 
ASC Exercises
 
Chapter 2: Accounting for Business Combinations
 
Learning Objectives
 
2.1 Accounting Standards on Business Combinations: Background
 
2.2 Illustration of Acquisition Accounting
 
2.3 Bargain Purchase Accounting
 
2.4 Measurement Period and Measurement Period Adjustments
 
2.5 Goodwill Impairment Test
 
2.6 Contingent Consideration (Earnouts)
 
2.7 Proforma Statements and Disclousre Requirements
 
2.8 Leveraged Buyouts
 
2.9 IFRS versus U.S. GAAP
 
Summary
 
Question
 
Analyzing Financial Statements
 
Exercises
 
ASC Exercises
 
Chapter 3: Consolidated Financial Statements-Date of Acquisition
 
Learning Objectives
 
3.1 Definitions of Subsidiary and Control
 
3.2 Requirements for the Inclusion of Subsidiaries in the Consolidated Financial Statements
 
3.3 Reasons for Subsidiary Companies
 
3.4 Consolidated Financial Statements
 
3.5 Investments at the Date of Acquisition
 
3.6 Consolidated Balance Sheets: The Use of Workpapers
 
3.7 A Comprehensive Illustration-More than One Subsidiary Company
 
3.8 Limitations of Consolidated Statements
 
Summary
 
Question
 
Analyzing Financial Statements
 
Exercises
 
ASC Exercises
 
Chapter 4: Consolidated Financial Statements After Acquisition
 
Learning Objectives
 
4.1 Accounting for Investments By the Cost, Partial Equity, and Complete Equity Methods
 
4.2 Consolidated Statements After Acquisition--Cost Method
 
4.3 Recording Investments in Subsidiaries--Equity Method (Partial Or Complete)
 
4.4 Elimination of Intercompany Revenue and Expense Items
 
4.5 Interim Acquisitions of Subsidiary Stock
 
4.6 Consolidated Statement of Cash Flows
 
4.7 Illustration of Preparation of a Consolidated Statement of Cash Flows--Year of Acquisition
 
4.8 Compare U.S. GAAP and IFRS Regarding Equity Method
 
Summary
 
Question
 
Analyzing Financial Statements
 
Exercises
 
ASC Exercises
 
Chapter 5: Allocation and Depreciation of Differences Between Implied and Book Values
 
Learning Objectives
 
5.1 Computation and Allocation of the Difference Between Implied and Book Values to Assets and Liabilities of Subsidiary-Acquisition Date
 
5.2 Effect of Differences Between Implied and Book Values on Consolidated Net Income--Year Subsequent to Acquisition
 
5.3 Consolidated Statements Workpaper--Using the Cost Method
 
5.4 Controlling and Noncontrolling Interests in Consolidated Net Income and Retained Earnings--Using the Cost Method
 
5.5 Consolidated Statements Workpaper--Using Partial Equity Method
 
5.6 Controlling and Noncontrolling Inte

Product details

• Authors: Paul K Chaney, Paul K. Chaney, Paul K. (Vanderbilt University) Chaney, Paul K. (Vanderbilt University) Jeter Chaney, Chaney Paul K., Debra Jeter, Debra C Jeter, Debra C. Jeter, Debra C. (Vanderbilt University) Jeter, Debra C. (Vanderbilt University) Chaney Jeter, Debra C. Chaney Jeter, Jeter Debra C.
• Publisher: Wiley, John and Sons Ltd
• Languages: English
• Product format: Paperback / Softback
• Released: 31.07.2019
• EAN: 9781119586913
• ISBN: 978-1-119-58691-3
• No. of pages: 832
• Subjects: Social sciences, law, business > Business > Business administration; Rechnungswesen, Wirtschaft, Accounting, Rechnungswesen / Diplom, Advanced Accounting