高级财务会计(英文版·第13版）

作者简介

弗洛伊徳•比姆斯（Floyd A. Beams） 弗吉尼亚理工大学教授。在The Accounting Review, Journal of Accounting, Auditing and Finance等期刊上发表多篇文章。美国会计学会和美国管理会计师协会成员。获美国全国会计师协会莱布兰德铜奖，被弗吉尼亚注册会计师协会评为“杰出会计人物”，被美国管理会计师协会卡门•G.布罗学生分会评为“弗吉尼亚杰出会计教育家”。

内容简介

NEW TO THIS EDITION
Important changes in the 13th edition of Advanced Accounting include the following:
·The text has been rewritten to align with both the Financial Accounting Standards Board Accounting Standards Codification and the Governmental Accounting Stand-ards Board Codification. References to original pronouncements have been deleted, except where important in an historical context.
·The text now provides references to official pronouncements parenthetically within the text. Text length is reduced and rendered much more readable for the students.
·End of chapter materials have been modified to include Professional Research assignments. These assignments require students to access the authoritative litera-ture. Solutions offered to these assignments are up to date as of May 2016. Instruc-tors will want to verify that those have not changed.
·All chapters have been updated to include coverage of the latest international report-ing standards and issues, where appropriate. As U.S. and international reporting standards move toward greater harmonization, the international coverage continues to expand in the 13th edition.
·All chapters have been updated to reflect the most recent changes to the Financial Accounting Standards Board Codification and Governmental Accounting Standards Board Codification.
This 13th edition of Advanced Accounting is designed for undergraduate and graduate students majoring in accounting. This edition includes 16 chapters designed for financial accounting courses beyond the intermediate level. Although this text is primarily intended for accounting students, it is also useful for accounting practitioners interested in preparation or analysis of consolidated financial statements, accounting for derivative securities, and governmental and not-for-profit accounting and reporting. This 13th edition has been thoroughly updated to reflect recent business developments, as well as changes in accounting standards and regulatory requirements.
This comprehensive textbook addresses the practical financial reporting problems encountered in consolidated financial statements, goodwill, other intangible assets, and derivative securities. The text also includes coverage of foreign currency transactions and translations, partnerships, corporate liquidations and reorganizations, governmental accounting and reporting, not-for-profit accounting, and estates and trusts.
An important feature of the 13th edition is the continued student orientation, which has been fur-ther enhanced with this edition. This 13th edition strives to maintain an interesting and readable text for the students. The focus on the complete equity method is maintained to allow students to focus on accounting concepts rather than bookkeeping techniques in learning the consolidation materials. This edition also maintains the reference text quality of prior editions through the use of appendices to the consolidation chapters. These appendices cover pooling of interests accounting, trial balance workpaper formats, and easy to understand conversions from an incomplete equity method or cost method to the complete equity method. Students can then follow the main text approach to preparing consolidated financial statements using the complete equity method. The presentation of consoli-dation materials highlights working paper-only entries with shading and presents working papers on single upright pages. All chapters include current excerpts from the popular business press and references to familiar real-world companies, institutions, and events. This book uses examples from annual reports of well-known companies and governmental and not-for-profit institutions to illustrate key concepts and maintain student interest. Assignment materials include adapted items from past CPA examinations and have been updated and expanded to maintain close alignment with coverage of the chapter concepts. Assignments have been updated to include additional research cases and simulation-type problems, as well as the Professional Research assignments mentioned previously. This edition maintains identification of names of parent and subsidiary companies beginning with P and S, allowing immediate identification. It also maintains parenthetical notation in journal entries to clearly indicate the direction and types of accounts affected by the transactions. The 13th edition retains the use of learning objectives throughout all chapters to allow students to better focus study time on the most important concepts.

ORGANIZATION OF THIS BOOK
Chapters 1 through 11 cover business combinations, the equity, fair value and cost methods of accounting for investments in common stock, and consolidated financial statements. This empha-sizes the importance of business combinations and consolidations in advanced accounting courses as well as in financial accounting and reporting practices.
Accounting and reporting standards for acquisitions are introduced in Chapter 1. Chapter 1 also provides necessary background material on the form and economic impact of business combina-tions. The Appendix to Chapter 1 provides a summary on Pooling of Interests Accounting. Chapter 2 introduces the complete equity method of accounting as a one-line consolidation, and this approach is integrated throughout subsequent chapters on consolidations. This approach permits alternate computations for such key concepts as consolidated net income and consolidated retained earnings, and it helps instructors explain the objectives of consolidation procedures. The alternative compu-tational approaches also assist students by providing a check figure for their logic on these key con-cepts. The one-line consolidation is maintained as the standard for a parent company in accounting for investments in its subsidiaries. Chapter 3 introduces the preparation of consolidated financial statements. Students learn how to record the fair values of the subsidiary’s identifiable net assets and implied goodwill. Chapter 4 continues consolidations coverage, introducing working paper tech-niques and procedures. The text emphasizes the three-section, vertical financial statement working paper approach throughout, but Appendix A to Chapter 4 also offers a trial balance approach. The standard employed throughout the consolidation chapters is working papers for a parent company that uses the complete equity method of accounting for investments in subsidiaries. Appendix B to Chapter 4 provides a clear approach to convert from either the Incomplete Equity Method or the Cost Method to the complete equity method of accounting.
Chapters 5 through 7 cover intercompany transactions in inventories, plant assets, and bonds.
Chapter 8 discusses changes in the level of subsidiary ownership, and Chapter 9 introduces more complex affiliation structures. Chapter 10 covers several consolidation-related topics: subsidiary preferred stock, consolidated earnings per share, and income taxation for consolidated business entities. Chapter 11 is a theory chapter that discusses alternative consolidation theories, push-down accounting, leveraged buyouts, corporate joint ventures, and key concepts related to accounting and reporting by variable interest entities. Chapters 9 through 11 cover specialized topics and have been written as stand-alone materials. Coverage of these chapters is not necessary for assignment of subsequent text chapters.
Business enterprises become more global in nature with each passing day. Survival of a modern business depends upon access to foreign markets, suppliers, and capital. Some of the unique chal-lenges of international business and financial reporting are covered in Chapters 12 and 13. These chapters cover accounting for derivatives and foreign currency transactions and translations. As in the prior edition, Chapter 12 covers the concepts and common transactions for derivatives and foreign currency, and Chapter 13 covers accounting for derivative and hedging activities. Coverage includes import and export activities and forward or similar contracts used to hedge against potential exchange losses. Chapter 14 focuses on preparation of consolidated financial statements for foreign subsidiaries. This chapter includes translation and remeasurement of foreign-entity financial state-ments, one-line consolidation of equity method investees, consolidation of foreign subsidiaries for financial reporting purposes, and the combination of foreign branch operations.
Chapter 15 introduces topics of segment reporting under FASB ASC Topic 280, as well as interim financial reporting issues. Chapter 16 discusses accounting and reporting procedures related to corporate liquidations and reorganizations.