Publisher's Synopsis
<b>YOUR GUIDE TO CURRENT STANDARDS AND RECORDING METHODS</b> <p> Whether you′re dealing with business combinations, foreign currency translations, or consolidated financial statements, you may face a variety of recording methods in professional accounting practice. With this Second Edition of Debra Jeter and Paul Chaney′s <b>ADVANCED ACCOUNTING.</b> You′ll have easy access to the three main recording techniques as well as clear coverage that reflects current FASB and GASB pronouncements. <p> <b>Keep all three recording methods, right at your fingertips</b> <ul> <li> Chapters clearly delineate the three recording methods: (1) cost method; (2) partial equity method; and (3) complete equity method. <li> Colored tabs help you quickly identify each method. <li> Learn the methods you want. Keep the others for future reference. </ul> <p> <b>Stay current with new trends and standards</b> <ul> <li> A new chapter on debt restructuring and liquidation addresses the increasing numbers of U.S. companies struggling for survival in an economic downturn. <li> Reflects major changes brought about by SGAS No. 133, 141 and 142. <li> Discusses recent developments in the wake of the accounting scandals of 2001 and 2002. </ul> <p> <b>Test your understanding and connect concepts to the real world</b> <ul> <li> <b><i>In the News</i></b> items help you connect the material to real stories from the popular press. <li> <b><i>Implications for Business</i></b> is a new feature where contributing authors from related disciplines provide insights into recent developments in areas such as exchange rates, derivatives, and government reporting. <li> <b><i>New Test Your Knowledge</i></b> questions within each chapter allow students to test their understanding of concepts before moving on to new ideas and topics. </ul>
