Advanced Financial Accounting with Online Learning Center with Powerweb Card [Hardcover]

Richard E. Baker (Author), Valdean C. Lembke (Author), Thomas E. King (Author)

Book Description

ISBN-10: 0072977353 | ISBN-13: 978-0072977356 | Publication Date: April 2004 | Edition: 6

The Sixth Edition of "Advanced Financial Accounting", by Baker/Lembke/King continues its strong coverage of the topics, its well-known clarity of presentation, and its integrated coverage based on continuous case examples. The text is highly illustrated with complete presentations of worksheets, schedules, and financial statements so that students can see the development of each new topic. In the chapters covering consolidation subsequent to the date of combination, the three alternative methods of the parent company's accounting for the investment - basic equity, cost, and fully adjusted equity - are presented in each chapter and appendices to provide the opportunity to cover the differences in the methods, and to see how the consolidated financial statements are the same regardless of the method the parent company uses to account for the investment. The two international chapters include a comprehensive discussion of accounting for foreign currency derivatives and other forms of derivatives, such as interest swaps and options used in today's business arena. The governmental and not-for-profit chapters are comprehensive in their coverages of accounting and financial reporting for these entities, based on the most current GASB pronouncements. The text can be described as: very comprehensive in coverage of advanced accounting topics, extensively illustrated with worksheets and other learning tools, clearly written for students' learning, a very large variety of end-of-chapter materials for homework selections, and current and complete in its coverage of accounting and reporting standards from the FASB and the GASB. Because "Advanced Financial Accounting" is often taken by students who plan to take the CPA exam, numerous end-of-chapter materials are provided in the formats as tested on the CPA exam. A wide variety of multiple-choice questions, cases requiring written presentations, and other objective answer format materials is provided.

Product Details

• Hardcover: 1142 pages
• Publisher: McGraw-Hill Companies; 6 edition (April 2004)
• Language: English
• ISBN-10: 0072977353
• ISBN-13: 978-0072977356
• Product Dimensions: 10.2 x 7.8 x 1.8 inches
• Shipping Weight: 4.9 pounds
• Average Customer Review: 3.8 out of 5 stars  See all reviews (12 customer reviews)
• Amazon Best Sellers Rank: #1,401,104 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

23 of 25 people found the following review helpful:

5.0 out of 5 stars Good value for the money, January 18, 2000

By 

Baltabek (Almaty, Kazakhstan) - See all my reviews

This review is from: Advanced Financial Accounting (Hardcover)

I have used this book in conjunction with Gleim's CPA review books in preparation for FARE section of the CPA exam. Excellent supplement especially if you look for technical aspects of purchase/pooling accounting. The chapters on consolidation are truly outstanding. Very thorough and comprehensive. The only drawback as with many other textbooks is the lack of answer keys at the end of the chapter. Overall, I would definitely recommend getting it.

10 of 10 people found the following review helpful:

3.0 out of 5 stars Could Have Been Better, June 29, 2003

By 

Mandy Morreale - See all my reviews

This review is from: Advanced Financial Accounting (Hardcover)

I liked this textbook because it is nice and clean and uncluttered inside, however I think that the content could have been better. I had trouble with the first chapter having to do with business combinations in that every time a journal entry was recorded, I had no idea whether the author was referring to the common stock of the purchasing company or the common stock of the selling company. After a while, I finally figured it out, but I thought the problem could have been avoided by being more clear. There are many more examples that I have like this one. I may be being picky about the book seeing as how I took this course via independent study, so I did not have the ability to ask an instructor specific questions. I just think that the authors could have done a better job being more clear on many things. In the end, I did end up getting a A in the course!

3 of 3 people found the following review helpful:

5.0 out of 5 stars INFORMATIVE, May 6, 2006

By 

A. Nalicat "nalicat" (CA USA) - See all my reviews
(REAL NAME)   

This review is from: Advanced Financial Accounting with Online Learning Center with Powerweb Card (Hardcover)

This book covers special accounting entities that are not covered in Intermediate Accounting. This book has become helpful in the different organizations I have been employed. Although the material in this book is a lot - it is necessary. Has an excellent section for Not-for-Profit accounting.