Advanced Accounting [Hardcover]

Floyd A. Beams (Author), Joseph H. Anthony (Author), Robin P. Clement (Author), Suzanne H. Lowensohn (Author), Floyd A Beams (Author), Joseph H Anthony (Author), Robin P Clement (Author), Suzanne H Lowensohn (Author)

Book Description

ISBN-10: 013066183X | ISBN-13: 978-0130661838 | Publication Date: August 30, 2002 | Edition: 8

This readable examination of accounting theory and practice offers extensive real-world examples and illustrations throughout—from corporations such as Microsoft, Coca Cola, Hershey Foods, IBM, General Motors, and General Electric. A book-specific Website is available that contains less-frequently covered topics, additional exercises, links to additional references, and more. Is updated for the latest FASB pronouncements including Business Combinations, Goodwill and Other Intangible Assets. Focuses on parent company accounting using the full or complete equity method in coverage of consolidations. Offers separate coverage of parent company accounting under the cost and incomplete equity methods. Adds a chapter on governmental and not-for-profit accounting. The perfect reference for accounting professionals looking to check facts or brush up on their skills.

Editorial Reviews

From the Publisher

The most extensive and in-depth presentation of consolidation topics available, this widely-adopted text explains each topic with a discussion of contemporary accounting theory and practice and with an abundance of examples and illustrations -- e.g., partial working papers, illustrative financial statements, account analyses, journal entries, schedules, etc. --This text refers to an out of print or unavailable edition of this title.

From the Back Cover

This readable examination of accounting theory and practice offers extensive real-world examples and illustrations throughout—from corporations such as Microsoft, Coca Cola, Hershey Foods, IBM, General Motors, and General Electric. A book-specific Website is available that contains less-frequently covered topics, additional exercises, links to additional references, and more. Is updated for the latest FASB pronouncements including Business Combinations, Goodwill and Other Intangible Assets. Focuses on parent company accounting using the full or complete equity method in coverage of consolidations. Offers separate coverage of parent company accounting under the cost and incomplete equity methods. Adds a chapter on governmental and not-for-profit accounting. The perfect reference for accounting professionals looking to check facts or brush up on their skills.

See all Editorial Reviews

Product Details

• Hardcover: 976 pages
• Publisher: Prentice Hall; 8 edition (August 30, 2002)
• Language: English
• ISBN-10: 013066183X
• ISBN-13: 978-0130661838
• Product Dimensions: 11.4 x 8.5 x 1.3 inches
• Shipping Weight: 4.1 pounds
• Average Customer Review: 2.5 out of 5 stars  See all reviews (12 customer reviews)
• Amazon Best Sellers Rank: #2,136,834 in Books (See Top 100 in Books)

More About the Author

Discover books, learn about writers, read author blogs, and more.

Customer Reviews

Most Helpful Customer Reviews

10 of 10 people found the following review helpful:

2.0 out of 5 stars A better text is available, July 4, 2006

By 

Michael Dunlop "michaeld1118" (Pasco, WA USA) - See all my reviews
(REAL NAME)   

This review is from: Advanced Accounting (9th Edition) (Hardcover)

As background for dissusion of the Beams "Advanced Accounting" text, 9th ed.: I took advanced accounting at one university last summer (which covered much of advanced accounting, but no accounting for not-for-profit organizations). Due to scheduling availability, I am taking advanced accounting at a different university this summer...this class WILL cover not-for-profit accounting issues, which is why I am taking it. We used the Hoyle, Schaefer, Doupnik "Advanced Accounting" 7th ed. text last year, and even though the concepts were difficult, the examples assisted greatly, and the text was clear, organized and without noticeable errors.

I wish the same could be said of the Beams "Advanced Accounting" 9th ed. Currently in my study of the fourth chapter, I find the text frequently wanders off topic, and contains surprising errors. For example, on page 106 (Chapt.4), it makes a math error ($30,000 - $1,500 x 80% = $22,500). My calculator indicates the answer should be $22,800. On page 107 it attributes a $93.5k elimination to "Entry b" described on page 106, when the amount actually belongs to "Entry c", described on the same page. This type of error requires the reader to perform a lot of additional work to get to the bottom of the information to be acquired. These are just two of the numerous issues I have uncovered in study of only four chapters. So far, the text compares poorly to the Hoyle, et. al. product, sadly, (which is why I am providing this warning) and I am not looking forward to the rest of the current summer semester!

Please, Prentice Hall, thoroughly review and edit this text before the next edition, and give students their money's worth.

17 of 21 people found the following review helpful:

4.0 out of 5 stars Advanced accounting, April 5, 2000

By 

Cindy (Tampa, FL) - See all my reviews

This review is from: Advanced Accounting (7th Edition) (Hardcover)

I used this book as my self-study material and I benefited from this book a lot. I would recommend using it either as a textbook for Advanced Accounting course or as a reference book for professionals. Here are the few points that I would like to share with you:

1. Logical order The order to display the topics in this book is logical and consistent. This is important for self-study users. At the beginning of each chapter, there's always a paragraph or two summarize the main points that are going to present in the chapter. This gives the reader a whole picture.

2. Clear explanation and examples The book uses easy explanatory languages and the examples are very representative. Each example, the author is showing us every detail steps, so it is easy to follow.

3. Relevant exercises and problems. At the end of each chapter, there are questions that can help to reinforce the concepts. Most questions can be found directly from the material. There are also exercises and problems that are related to the topic presented in the chapter. I remember there is an accounting book I used before that the problems required more knowledge than the chapter actually covered. This not the case in this book. Some of the examples in the chapter could be used as quick reference while working on the problems, too.

The only thing I would recommend, if I need to find some, is that I hope there could be more real life issues mentioned in the book. In this way, readers can relate the knowledge to daily life even closer.

4 of 4 people found the following review helpful:

2.0 out of 5 stars Need more examples -- rely on website?, July 15, 2007

By 

R. Fadem "darthmeist" (NYC, NY) - See all my reviews
(REAL NAME)   

This review is from: Advanced Accounting (9th Edition) (Hardcover)

As a student I found this book's transaction examples to be somewhat limited. For instance, in the existing-foreign-currency-transaction hedge examples, both cash-flow and fair-value, only A/R adjustments are treated, there are no *buy side* transactions with A/P illustrated. There are also a lot of minor errors that are distracting.