Copyright © 2003
Pearson Education Canada Inc.

Clarence Byrd, Athabasca University
Ida Chen, Clarence Byrd, Inc.

Copyright 2003, 872 pp.
Paper format w/CD-ROM
ISBN 0-13-089611-X

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This text is designed for a one- or two-term course in Advanced Financial Accounting.

Advanced Financial Accounting is the product of over 20 years of teaching and writing experience by two of Canada's most prolific accounting authors. The book takes a practical, user-friendly approach to advanced topics in accounting. Basic concepts are introduced at the beginning of each chapter and are then supported by extensive examples throughout.

Reviewers have universally praised the book's coverage of consolidations, with many lauding it as the best on the market. The authors' approach to consolidations involves the use of direct calculations of the relevant balances using conceptually based definitions. This approach provides students with a better understanding of the procedures that are being used in the preparation of consolidated financial statements. It is also a favourable alternative to the worksheet approach for students who must deal with consolidated financial statements on professional examinations.

• NEW— Companion CD-ROM packaged with each text includes:
  • Financial Reporting in Canada, 2001 Edition
  • Guide to Canadian Financial Reporting, March 2002 Edition

• Ch. 15, “Financial Instruments” , has been completely revised and updated
• NEW— A text-specific web site offers supplements, updates and links for use by both instructors and students. A “Guide to Your Companion CD-ROM” will also be posted to assist instructors in making use of the student CD-ROM packaged with the book.
• Extensive problem material—
  • Exercises These short problems are included in the text for chapters 2 though 11, following the materials that is relevant to the solution. Solutions to these problems are included in the Appendix.
  • Self Study Problems Solutions to these problems are included in the Appendix.
  • Assignment Problems Solutions to these problems are available in a separate solutions manual provided only to instructors.
• Coverage of consolidations is considered by many reviewers to be the best on the market
  • Approach to consolidations uses conceptually-based direct calculations—an approach that encourages better student understanding than the use of the more mechanical worksheet approach
  • A running problem in chapters 4, 5, 6 walks through the tough topic of consolidation to ensure that students understand it as they go along
• Balance between theory and practice. The book stresses underlying theory and concepts while supporting these ideas with extensive practical examples

1. Business Combinations and Long-Term Investments: Introduction and Overview.
   
2. Long-Term Investments.
   
3. Business Combinations.
   
4. Consolidated Balance Sheet at Acquisition.
   
5. Consolidation Subsequent to Acquisition. (No Unrealized Intercompany Profits)
   
6. Consolidation Subsequent to Acquisition. (Including Unrealized Intercompany Profits)
   
7. Interests in Joint Ventures.
   
8. Advanced Topics in Consolidations.
   
9. Translation of Foreign Currency Transactions.
   
10. Translation of Foreign Currency Financial Statements.
    
11. Accounting for Income Taxes: Basic Concepts and Procedures.
    
12. Accounting for Taxes: Additional Issues.
    
13. Accounting for Partnerships.
    
14. Accounting for Not-for-Profit Organizations.
    
15. Financial Instruments.
    Appendix. Solutions to Exercises and Self-Study Problems.

Instructor Solutions Manual and Test Item File (hard copy and CD-ROM) (ISBN: 0130397555)