{"product_id":"advanced-accounting-isbn-9781119794653","title":"Advanced Accounting","description":"\u003cp\u003eIn the newly revised eighth edition of \u003ci\u003eAdvanced Accounting,\u003c\/i\u003e a decorated team of accounting professionals delivers authoritative and comprehensive coverage of all three methods of consolidated financial reporting: cost, partial equity, and complete equity. This invaluable work compares and contrasts United States and international principles, drawing reader attention to enduring differences between the two frameworks.\u003c\/p\u003e \u003cp\u003eThe authors draw on their extensive experience with US and international accounting to connect advanced accounting methods to practical applications with challenging exercises that feature the financial statements of real-world companies. With a consistent focus on clarity and accessibility, the authors highlight current business news stories and their relevance to core concepts. Ideal for accounting majors seeking an insightful and robust exploration of complex accounting methods, \u003ci\u003eAdvanced Accounting\u003c\/i\u003e also includes:\u003c\/p\u003e \u003cul\u003e \u003cli\u003eThe latest changes by the Financial Accounting Standards Board and the Governmental Accounting Standards Board\u003c\/li\u003e \u003cli\u003eDiscussions of the tax consequences of a variety of business combinations\u003c\/li\u003e \u003cli\u003eNew end-of-chapter materials with additional problems, exercises, and questions\u003c\/li\u003e \u003cli\u003eNew \"In the News\" boxes with updated stories\u003c\/li\u003e \u003cli\u003eUpdated tutorial videos and international comparisons\u003c\/li\u003e \u003cli\u003eRevised test bank questions\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003e\u003cb\u003e1 Introduction to Business Combinations and the Conceptual Framework 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLearning Objectives 1\u003c\/p\u003e \u003cp\u003e1.1 Growth Through Mergers 1\u003c\/p\u003e \u003cp\u003e1.2 Nature of The Combination 4\u003c\/p\u003e \u003cp\u003e1.3 Business Combinations: Why? Why Not? 5\u003c\/p\u003e \u003cp\u003e1.4 Business Combinations: Historical Perspective 8\u003c\/p\u003e \u003cp\u003e1.5 Terminology and Types of Combinations 11\u003c\/p\u003e \u003cp\u003e1.6 Takeover Premiums 13\u003c\/p\u003e \u003cp\u003e1.7 Avoiding the Pitfalls Before (and After) the Deal 15\u003c\/p\u003e \u003cp\u003e1.8 Determining Price and Method of Payment in Business Combinations 17\u003c\/p\u003e \u003cp\u003e1.9 Alternative Concepts of Consolidated Financial Statements 21\u003c\/p\u003e \u003cp\u003e1.10 FASB’S Conceptual Framework 26\u003c\/p\u003e \u003cp\u003eSummary 32\u003c\/p\u003e \u003cp\u003eQuestions 33\u003c\/p\u003e \u003cp\u003eAnalyzing Financial Statements 33\u003c\/p\u003e \u003cp\u003eExercises 36\u003c\/p\u003e \u003cp\u003eASC Exercises 38\u003c\/p\u003e \u003cp\u003e\u003cb\u003e2 Accounting for Business Combinations 39\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLearning Objectives 39\u003c\/p\u003e \u003cp\u003e2.1 Accounting Standards on Business Combinations: Current Status and Background 39\u003c\/p\u003e \u003cp\u003e2.2 Illustration of Acquisition Accounting 45\u003c\/p\u003e \u003cp\u003e2.3 Bargain Purchase Accounting Illustration (Purchase Price Below Fair Value of Identifiable Net Assets) 49\u003c\/p\u003e \u003cp\u003e2.4 Measurement Period and Measurement Period Adjustments 50\u003c\/p\u003e \u003cp\u003e2.5 Goodwill Impairment Test 51\u003c\/p\u003e \u003cp\u003e2.6 Contingent Consideration (Earnouts) 56\u003c\/p\u003e \u003cp\u003e2.7 Pro Forma Statements and Disclosure Requirement 61\u003c\/p\u003e \u003cp\u003e2.8 Leveraged Buyouts 63\u003c\/p\u003e \u003cp\u003eSummary 63\u003c\/p\u003e \u003cp\u003eQuestions 65\u003c\/p\u003e \u003cp\u003eAnalyzing Financial Statements 65\u003c\/p\u003e \u003cp\u003eExercises 70\u003c\/p\u003e \u003cp\u003eProblems 77\u003c\/p\u003e \u003cp\u003e\u003cb\u003e3 Consolidated Financial Statements—Date of Acquisition 82\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLearning Objectives 82\u003c\/p\u003e \u003cp\u003e3.1 Definitions of Subsidiary and Control 84\u003c\/p\u003e \u003cp\u003e3.2 Requirements for the Inclusion of Subsidiaries in the Consolidated Financial Statements 87\u003c\/p\u003e \u003cp\u003e3.3 Reasons for Subsidiary Companies 88\u003c\/p\u003e \u003cp\u003e3.4 Consolidated Financial Statements 89\u003c\/p\u003e \u003cp\u003e3.5 Investments at the Date of Acquisition 90\u003c\/p\u003e \u003cp\u003e3.6 Consolidated Balance Sheets: The Use of Workpapers 92\u003c\/p\u003e \u003cp\u003e3.7 A Comprehensive Illustration—More ThanOne Subsidiary Company 109\u003c\/p\u003e \u003cp\u003e3.8 Limitations of Consolidated Statements 112\u003c\/p\u003e \u003cp\u003eSummary 113\u003c\/p\u003e \u003cp\u003eQuestions 114\u003c\/p\u003e \u003cp\u003eAnalyzing Financial Statements 115\u003c\/p\u003e \u003cp\u003eExercises 116\u003c\/p\u003e \u003cp\u003eProblems 121\u003c\/p\u003e \u003cp\u003e\u003cb\u003e4 Consolidated Financial Statements After Acquisition 127\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLearning Objectives 127\u003c\/p\u003e \u003cp\u003e4.1 Accounting for Investments by the Cost, Partial Equity, and Complete Equity Methods 128\u003c\/p\u003e \u003cp\u003e4.2 Consolidated Statements After Acquisition—Cost Method 137\u003c\/p\u003e \u003cp\u003e4.3 Recording Investments in Subsidiaries—Equity Method (Partial or Complete) 149\u003c\/p\u003e \u003cp\u003e4.4 Elimination of Intercompany Revenue and Expense Items 160\u003c\/p\u003e \u003cp\u003e4.5 Interim Acquisitions of Subsidiary Stock 161\u003c\/p\u003e \u003cp\u003e4.6 Consolidated Statement of Cash Flows 167\u003c\/p\u003e \u003cp\u003e4.7 Illustration of Preparation of a Consolidated Statement of Cash Flows—Year of Acquisition 171\u003c\/p\u003e \u003cp\u003eSummary 174\u003c\/p\u003e \u003cp\u003eQuestions 175\u003c\/p\u003e \u003cp\u003eAnalyzing Financial Statements 176\u003c\/p\u003e \u003cp\u003eExercises 178\u003c\/p\u003e \u003cp\u003eProblems 184\u003c\/p\u003e \u003cp\u003e\u003cb\u003e5 Allocation and Depreciation of Differences Between Implied And Book Values 198\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLearning Objectives 198\u003c\/p\u003e \u003cp\u003e5.1 Computation and Allocation of the Difference Between Implied and Book Values to Assets and Liabilities of Subsidiary—Acquisition Date 201\u003c\/p\u003e \u003cp\u003e5.2 Effect of Differences Between Implied and Book Values on Consolidated Net Income—Year Subsequent to Acquisition 207\u003c\/p\u003e \u003cp\u003e5.3 Consolidated Statements Workpaper—Using the Cost Method 209\u003c\/p\u003e \u003cp\u003e5.4 Controlling and Noncontrolling Interests in Consolidated Net Income and Retained Earnings—Using the Cost Method 221\u003c\/p\u003e \u003cp\u003e5.5 Consolidated Statements Workpaper—Using Partial Equity Method 223\u003c\/p\u003e \u003cp\u003e5.6 Controlling and Noncontrolling Interests in Consolidated Net Income and Retained\u003c\/p\u003e \u003cp\u003eEarnings—Using Partial Equity Method 230\u003c\/p\u003e \u003cp\u003e5.7 Consolidated Statements Workpaper—Using Complete Equity Method 232\u003c\/p\u003e \u003cp\u003e5.8 Controlling Interest in Consolidated Net Income and Retained Earnings—Using Complete Equity Method 240\u003c\/p\u003e \u003cp\u003e5.9 Additional Considerations Relating to Treatment of Difference Between Implied and Book Values 241\u003c\/p\u003e \u003cp\u003e5.10 Push Down Accounting 250\u003c\/p\u003e \u003cp\u003eSummary 255\u003c\/p\u003e \u003cp\u003eQuestions 256\u003c\/p\u003e \u003cp\u003eAnalyzing Financial Statements 257\u003c\/p\u003e \u003cp\u003eExercises 259\u003c\/p\u003e \u003cp\u003eProblems 265\u003c\/p\u003e \u003cp\u003e\u003cb\u003e6 Elimination of Unrealized Profit on Intercompany Sales of Inventory 286\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLearning Objectives 286\u003c\/p\u003e \u003cp\u003e6.1 Effects of Intercompany Sales of Merchandise on the Determination of Consolidated Balances 287\u003c\/p\u003e \u003cp\u003e6.2 Cost Method: Consolidated Statements Workpaper—Upstream Sales 297\u003c\/p\u003e \u003cp\u003e6.3 Cost Method—Analysis of Consolidated\u003c\/p\u003e \u003cp\u003eNet Income and Consolidated Retained Earnings 302\u003c\/p\u003e \u003cp\u003e6.4 Consolidated Statements Workpaper—Partial Equity Method 305\u003c\/p\u003e \u003cp\u003e6.5 Partial Equity Method—Analysis of Consolidated Net Income and Consolidated Retained Earnings 310\u003c\/p\u003e \u003cp\u003e6.6 Consolidated Statements Workpaper—Complete Equity Method 311\u003c\/p\u003e \u003cp\u003e6.7 Complete Equity Method—Analysis of Consolidated Net Income and Consolidated\u003c\/p\u003e \u003cp\u003eRetained Earnings 316\u003c\/p\u003e \u003cp\u003e6.8 Summary of Workpaper Entries Relating to Intercompany Sales of Inventory 317\u003c\/p\u003e \u003cp\u003e6.9 Intercompany Profit Prior to Parent-Subsidiary Affiliation 317\u003c\/p\u003e \u003cp\u003eSummary 318\u003c\/p\u003e \u003cp\u003eQuestions 319\u003c\/p\u003e \u003cp\u003eAnalyzing Financial Statements 319\u003c\/p\u003e \u003cp\u003eExercises 321\u003c\/p\u003e \u003cp\u003eProblems 324\u003c\/p\u003e \u003cp\u003e\u003cb\u003e7 Elimination of Unrealized Gains Or Losses on Intercompany Sales of Property and Equipment 337\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLearning Objectives 337\u003c\/p\u003e \u003cp\u003e7.1 Intercompany Sales of Land (Nondepreciable Property) 338\u003c\/p\u003e \u003cp\u003e7.2 Intercompany Sales of Depreciable Property (Machinery, Equipment, and Buildings) 341\u003c\/p\u003e \u003cp\u003e7.3 Consolidated Statements Workpaper—Cost and Partial Equity Methods 348\u003c\/p\u003e \u003cp\u003e7.4 Calculation of Consolidated Net Income and Consolidated Retained Earnings 358\u003c\/p\u003e \u003cp\u003e7.5 Consolidated Statements Workpaper—Complete Equity Method 361\u003c\/p\u003e \u003cp\u003e7.6 Calculation and Allocation of Consolidated Net Income; Consolidated Retained Earnings:\u003c\/p\u003e \u003cp\u003eComplete Equity Method 367\u003c\/p\u003e \u003cp\u003e7.7 Summary of Workpaper Entries Relating to Intercompany Sales of Equipment 368\u003c\/p\u003e \u003cp\u003e7.8 Intercompany Interest, Rents, and Service Fees 368\u003c\/p\u003e \u003cp\u003eSummary 371\u003c\/p\u003e \u003cp\u003eQuestions 372\u003c\/p\u003e \u003cp\u003eAnalyzing Financial Statements 373\u003c\/p\u003e \u003cp\u003eExercises 373\u003c\/p\u003e \u003cp\u003eProblems 376\u003c\/p\u003e \u003cp\u003e\u003cb\u003e8 Changes in Ownership Interest 388\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLearning Objectives 388\u003c\/p\u003e \u003cp\u003e8.1 Changes in Ownership 388\u003c\/p\u003e \u003cp\u003e8.2 Parent Acquires Subsidiary Stock Through Several Open-Market Purchases—Cost Method 391\u003c\/p\u003e \u003cp\u003e8.3 Parent Sells Subsidiary Stock Investment on the Open Market—Cost Method 394\u003c\/p\u003e \u003cp\u003e8.4 Equity Method—Purchases and Sales of Subsidiary Stock by the Parent 398\u003c\/p\u003e \u003cp\u003e8.5 Parent Sells Subsidiary Stock Investment on the Open Market 403\u003c\/p\u003e \u003cp\u003e8.6 Subsidiary Issues Stock 405\u003c\/p\u003e \u003cp\u003eSummary 411\u003c\/p\u003e \u003cp\u003eQuestions 412\u003c\/p\u003e \u003cp\u003eAnalyzing Financial Statements 412\u003c\/p\u003e \u003cp\u003eExercises 413\u003c\/p\u003e \u003cp\u003eProblems 416\u003c\/p\u003e \u003cp\u003e\u003cb\u003e9 Insolvency—Liquidation And Reorganization 426\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLearning Objectives 426\u003c\/p\u003e \u003cp\u003e9.1 Contractual Agreements 428\u003c\/p\u003e \u003cp\u003e9.2 Bankruptcy 430\u003c\/p\u003e \u003cp\u003e9.3 Liquidation (Chapter 7) 434\u003c\/p\u003e \u003cp\u003e9.4 Reorganization Under the Reform Act (chapter 11) 435\u003c\/p\u003e \u003cp\u003e9.5 Trustee Accounting and Reporting 447\u003c\/p\u003e \u003cp\u003e9.6 Bankruptcy Prediction Models 453\u003c\/p\u003e \u003cp\u003eSummary 456\u003c\/p\u003e \u003cp\u003eQuestions 457\u003c\/p\u003e \u003cp\u003eAnalyzing Financial Statements 458\u003c\/p\u003e \u003cp\u003eExercises 460\u003c\/p\u003e \u003cp\u003eProblems 466\u003c\/p\u003e \u003cp\u003e\u003cb\u003e10 International Financial Reporting Standards 473\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLearning Objectives 473\u003c\/p\u003e \u003cp\u003e10.1 The Increasing Importance of International Accounting Standards 473\u003c\/p\u003e \u003cp\u003e10.2 Historical Perspective 475\u003c\/p\u003e \u003cp\u003e10.3 GAAP Hierarchy—U.S. Versus IFRS 477\u003c\/p\u003e \u003cp\u003e10.4 Similarities and Differences Between U.S. GAAP and IFRS 478\u003c\/p\u003e \u003cp\u003e10.5 Business Combination and Consolidation—U.S. GAAP Versus IFRS 488\u003c\/p\u003e \u003cp\u003e10.6 International Convergence Issues 507\u003c\/p\u003e \u003cp\u003eSummary 512\u003c\/p\u003e \u003cp\u003eQuestions 512\u003c\/p\u003e \u003cp\u003eAnalyzing Financial Statements 513\u003c\/p\u003e \u003cp\u003eExercises 516\u003c\/p\u003e \u003cp\u003eProblems 519\u003c\/p\u003e \u003cp\u003e\u003cb\u003e11 Accounting for Foreign Currency Transactions and Hedging Foreign Exchange Risk 525\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLearning Objectives 525\u003c\/p\u003e \u003cp\u003e11.1 Exchange Rates—Means of Translation 526\u003c\/p\u003e \u003cp\u003e11.2 Measured Versus Denominated 529\u003c\/p\u003e \u003cp\u003e11.3 Foreign Currency Transactions 530\u003c\/p\u003e \u003cp\u003e11.4 Using Forward Contracts as a Hedge 539\u003c\/p\u003e \u003cp\u003eSummary 560\u003c\/p\u003e \u003cp\u003eQuestions 561\u003c\/p\u003e \u003cp\u003eAnalyzing Financial Statements 561\u003c\/p\u003e \u003cp\u003eExercises 562\u003c\/p\u003e \u003cp\u003eProblems 570\u003c\/p\u003e \u003cp\u003e\u003cb\u003e12 Translation of Financial Statements of Foreign Affiliates 577\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLearning Objectives 577\u003c\/p\u003e \u003cp\u003e12.1 Accounting for Operations in Foreign Countries 578\u003c\/p\u003e \u003cp\u003e12.2 Translating Financial Statements of Foreign Affiliates 579\u003c\/p\u003e \u003cp\u003e12.3 Objectives of Translation 580\u003c\/p\u003e \u003cp\u003e12.4 Translation Methods 583\u003c\/p\u003e \u003cp\u003e12.5 Identifying the Functional Currency 583\u003c\/p\u003e \u003cp\u003e12.6 Translation of Foreign Currency Financial Statements 584\u003c\/p\u003e \u003cp\u003e12.7 Translation of Foreign Financial Statements Illustrated 589\u003c\/p\u003e \u003cp\u003e12.8 Financial Statement Disclosure 598\u003c\/p\u003e \u003cp\u003e12.9 Constant Currency Non-GAAP Adjustments 600\u003c\/p\u003e \u003cp\u003eSummary 602\u003c\/p\u003e \u003cp\u003eAppendix 12A: Accounting for a Foreign Affiliate and Preparation of Consolidated Statements\u003c\/p\u003e \u003cp\u003eWorkpaper Illustrated 603\u003c\/p\u003e \u003cp\u003eAppendix 12B: Preparing the Consolidated Statement of Cash Flows When the Consolidated Entity Includes a Foreign Subsidiary 610\u003c\/p\u003e \u003cp\u003eQuestions 616\u003c\/p\u003e \u003cp\u003eAnalyzing Financial Statements 617\u003c\/p\u003e \u003cp\u003eExercises 619\u003c\/p\u003e \u003cp\u003eProblems 627\u003c\/p\u003e \u003cp\u003e\u003cb\u003e13 Reporting for Segments and for Interim Financial Periods 636\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLearning Objectives 636\u003c\/p\u003e \u003cp\u003e13.1 Need for Disaggregated Financial Data 637\u003c\/p\u003e \u003cp\u003e13.2 Standards of Financial Accounting and Reporting 637\u003c\/p\u003e \u003cp\u003e13.3 Interim Financial Reporting 652\u003c\/p\u003e \u003cp\u003eSummary 661\u003c\/p\u003e \u003cp\u003eAppendix: The Difference Between Reportable Segments and Reporting Units 662\u003c\/p\u003e \u003cp\u003eQuestions 663\u003c\/p\u003e \u003cp\u003eAnalyzing Financial Statements 664\u003c\/p\u003e \u003cp\u003eExercises 667\u003c\/p\u003e \u003cp\u003eProblems 671\u003c\/p\u003e \u003cp\u003e\u003cb\u003e14 Partnerships: Formation, Operation, And Ownership Changes 675\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLearning Objectives 675\u003c\/p\u003e \u003cp\u003e14.1 Partnership Defined 677\u003c\/p\u003e \u003cp\u003e14.2 Reasons for Forming a Partnership 677\u003c\/p\u003e \u003cp\u003e14.3 Characteristics of a Partnership 678\u003c\/p\u003e \u003cp\u003e14.4 Partnership Agreement 680\u003c\/p\u003e \u003cp\u003e14.5 Accounting for a Partnership 682\u003c\/p\u003e \u003cp\u003e14.6 Special Problems in Allocation of Income and Loss 690\u003c\/p\u003e \u003cp\u003e14.7 Financial Statement Presentation 692\u003c\/p\u003e \u003cp\u003e14.8 Changes in the Ownership of the Partnership 693\u003c\/p\u003e \u003cp\u003e14.9 Section A: Admission of a New Partner (Not a Business Combination) 695\u003c\/p\u003e \u003cp\u003e14.10 Section B: Admission of a New Partner that Qualifies as a Business Combination: GAAP Requires Goodwill Method 703\u003c\/p\u003e \u003cp\u003e14.11 Section C: Withdrawal of a Partner 706\u003c\/p\u003e \u003cp\u003eSummary 709\u003c\/p\u003e \u003cp\u003eQuestions 711\u003c\/p\u003e \u003cp\u003eExercises 711\u003c\/p\u003e \u003cp\u003eProblems 718\u003c\/p\u003e \u003cp\u003e\u003cb\u003e15 Partnership Liquidation 725\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLearning Objectives 725\u003c\/p\u003e \u003cp\u003e15.1 Steps in the Liquidation Process 726\u003c\/p\u003e \u003cp\u003e15.2 Priorities of Partnership and Personal Creditors 727\u003c\/p\u003e \u003cp\u003e15.3 Simple Liquidation Illustrated 730\u003c\/p\u003e \u003cp\u003e15.4 Installment Liquidation 732\u003c\/p\u003e \u003cp\u003e15.5 Incorporation of a Partnership 740\u003c\/p\u003e \u003cp\u003eSummary 742\u003c\/p\u003e \u003cp\u003eQuestions 743\u003c\/p\u003e \u003cp\u003eExercises 743\u003c\/p\u003e \u003cp\u003eProblems 749\u003c\/p\u003e \u003cp\u003e\u003cb\u003e16 Introduction to Fund Accounting 755\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLearning Objectives 755\u003c\/p\u003e \u003cp\u003e16.1 Classifications of Nonbusiness Organizations 756\u003c\/p\u003e \u003cp\u003e16.2 Distinctions Between Nonbusiness Organizations and Profit-Oriented Enterprises 757\u003c\/p\u003e \u003cp\u003e16.3 Financial Accounting and Reporting Standards for Nonbusiness Organizations 758\u003c\/p\u003e \u003cp\u003e16.4 Fund Accounting 762\u003c\/p\u003e \u003cp\u003e16.5 Comprehensive Illustration—General Fund 780\u003c\/p\u003e \u003cp\u003e16.6 Reporting Inventory and Prepayments in the Financial Statements 789\u003c\/p\u003e \u003cp\u003e16.7 Recent Proposal by the GASB 791\u003c\/p\u003e \u003cp\u003eSummary 792\u003c\/p\u003e \u003cp\u003eAppendix 16A: City of Atlanta Partial Financial Statements 793\u003c\/p\u003e \u003cp\u003eQuestions 795\u003c\/p\u003e \u003cp\u003eAnalyzing Financial Statements 795\u003c\/p\u003e \u003cp\u003eExercises 796\u003c\/p\u003e \u003cp\u003eProblems 801\u003c\/p\u003e \u003cp\u003e\u003cb\u003e17 Introduction to Accounting For State and Local Governmental Units 809\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLearning Objectives 809\u003c\/p\u003e \u003cp\u003e17.1 The History of Generally Accepted Governmental Accounting Standards 812\u003c\/p\u003e \u003cp\u003e17.2 The Structure of Governmental Accounting 814\u003c\/p\u003e \u003cp\u003e17.3 Governmental Fund Entities 816\u003c\/p\u003e \u003cp\u003e17.4 Proprietary Funds 835\u003c\/p\u003e \u003cp\u003e17.5 Fiduciary Funds 840\u003c\/p\u003e \u003cp\u003e17.6 Capital Assets and Long-Term Debt 841\u003c\/p\u003e \u003cp\u003e17.7 External Reporting Requirements (GASB Statement No. 34) 846\u003c\/p\u003e \u003cp\u003e17.8 Government Fund-Based Reporting 847\u003c\/p\u003e \u003cp\u003e17.9 Government-Wide Reporting 850\u003c\/p\u003e \u003cp\u003eSummary 855\u003c\/p\u003e \u003cp\u003eAppendix 17A: Government-Wide Financial Statements—City of Atlanta 857\u003c\/p\u003e \u003cp\u003eQuestions 861\u003c\/p\u003e \u003cp\u003eAnalyzing Financial Statements 861\u003c\/p\u003e \u003cp\u003eExercises 863\u003c\/p\u003e \u003cp\u003eProblems 870\u003c\/p\u003e \u003cp\u003e\u003cb\u003e18 Accounting for Nongovernment Nonbusiness Organizations: Colleges And Universities, Hospitals and other Health Care Organizations 883\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLearning Objectives 883\u003c\/p\u003e \u003cp\u003e18.1 Sources of Generally Accepted Accounting Standards for Nongovernment Nonbusiness Organizations 885\u003c\/p\u003e \u003cp\u003e18.2 Financial Reporting for Not-For-Profit Entities 887\u003c\/p\u003e \u003cp\u003e18.3 Fund Accounting and Accrual Accounting 891\u003c\/p\u003e \u003cp\u003e18.4 Contributions 894\u003c\/p\u003e \u003cp\u003e18.5 Accounting for Current Funds 899\u003c\/p\u003e \u003cp\u003e18.6 Accounting for Plant Funds 902\u003c\/p\u003e \u003cp\u003e18.7 Accounting for Endowment Funds 907\u003c\/p\u003e \u003cp\u003e18.8 Accounting for Investments 908\u003c\/p\u003e \u003cp\u003e18.9 Accounting for Loan Funds 910\u003c\/p\u003e \u003cp\u003e18.10 Accounting for Agency (Custodial) Funds 911\u003c\/p\u003e \u003cp\u003e18.11 Accounting for Annuity and Life Income Funds 911\u003c\/p\u003e \u003cp\u003e18.12 Issues Relating to Colleges and Universities 912\u003c\/p\u003e \u003cp\u003eSummary 913\u003c\/p\u003e \u003cp\u003eAppendix 18A 914\u003c\/p\u003e \u003cp\u003eQuestions 917\u003c\/p\u003e \u003cp\u003eAnalyzing Financial Statements 917\u003c\/p\u003e \u003cp\u003eExercises 918\u003c\/p\u003e \u003cp\u003eProblems 926\u003c\/p\u003e \u003cp\u003eGlossary G-1\u003c\/p\u003e \u003cp\u003eAppendix PV: Tables of Present Values A-1\u003c\/p\u003e \u003cp\u003eIndex I-1\u003c\/p\u003e \u003cp\u003eAppendix 2A: Deferred Taxes in Business Combinations (Available Online)\u003c\/p\u003e \u003cp\u003eAppendix 3A: Deferred Taxes on the Date of Acquisition (Available Online)\u003c\/p\u003e \u003cp\u003eAppendix 3B: Consolidation of Variable Interest Entities (Available Online)\u003c\/p\u003e \u003cp\u003eAppendix 4A: Deferred Tax Consequences When Affiliates File Separate Income Tax Returns—\u003c\/p\u003e \u003cp\u003eUndistributed Income (Available Online)\u003c\/p\u003e \u003cp\u003eAppendix 6A: Deferred Taxes and Intercompany Sales of Inventory (Available Online)\u003c\/p\u003e \u003cp\u003eAppendix 7A: Deferred Taxes Consequences Related to Intercompany Sales of Equipment (Available\u003c\/p\u003e \u003cp\u003eOnline)\u003c\/p\u003e \u003cp\u003eChapter 19: Intercompany Bond Holdings and Miscellaneous Topics—Consolidated Financial\u003c\/p\u003e \u003cp\u003eStatements (Available Online)\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default 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