Modern Advanced Accounting

Modern Advanced Accounting in Canadacontinues to deliver the content and pedagogy that made it the best selling advanced financial accounting text in Canada. With the addition of new co-author Darrell Herauf complementing Murray Hilton's expertise, the fourth edition will maintain its reputation as the most current, technically accurate, and concise advanced accounting text in Canada.This text also covers topics usually taught in advanced accounting courses. They include complete and comprehensive coverage of business combinations, the preparation of consolidated financial statements, the consolidation of joint ventures and foreign subsidiaries, and pushdown accounting. Consolidation coverage continues to emphasize the direct (non-working paper) approach accompanied by a "building block" development of the consolidation basics.

Larsen's Advanced Accounting provides complete and in-depth coverage of the topics typically taught in a one- or two- semester advanced accounting course. Faculty appreciate the current coverage of FASB and GASB regulations, the wealth of thorough end-of-chapter material, and the in-depth coverage. This flexible text is designed modularly; each part is self contained which allows instructors to only cover chapters that are appropriate for their class.

MODERN ADVANCRD ACCOUNTING continues to feature a balanced presentation of advanced accounting topics. The author presents a clear analysis of the problems that arise in the application of those underlying concepts to specialized accounting entities - partnerships, branches, affiliated companies, govemmental entitites, nonprofit organizations, and estates and trusts - and on topics such as segments of business enterprises, interim reporting, reporting for the Securities and Exchange Commission, international accounting standards, accounting for multinational enterprises, and bankruptcy. This new edition has been updated to reflect changes in accounting practices and accounting education.

Advanced Accounting is a new Canadian textbook that offers students clear explanations of accounting standards, unique content, and challenging problems and cases. Taking a very detailed approach to the topics that can be difficult for students to master; the text lays out each topic very clearly and provides illustrative examples that show students how these concepts are applied. This helps students understand the reasons that adjustments are being made, which leads to a deeper understanding of the concepts and avoids the pitfalls that come from simply memorizing formulas. The chapters are also outlined by learning objectives so that instructors can decide the level of depth they wish to cover. Advanced Accounting is designed to address those advanced topics in accounting that require knowledge of all other sections of the CICA Handbook. This text builds on the knowledge obtained in an intermediate accounting course and is intended to extend the learning from intermediate texts such as Intermediate Accounting by Kieso, Weygandt, Warfield, Young, and Wiecek.