Modern Advanced Accounting In Canada
Chapter 1 Conceptual and Case Analysis Frameworks for Financial Reporting
Chapter 2 Investments in Equity Securities
Chapter 3 Business Combinations
Chapter 4 Consolidation of Non–Wholly Owned Subsidiaries
Chapter 5 Consolidation Subsequent to Acquisition Date
Chapter 6 Intercompany Inventory and Land Profits
Chapter 7 (A) Intercompany Profits in Depreciable Assets
(B) Intercompany Bondholdings
Chapter 8 Consolidated Cash Flows and Changes in Ownership
Chapter 9 Other Consolidation Reporting Issues
Chapter 10 Foreign Currency Transactions
Chapter 11 Translation and Consolidation of Foreign Operations
Chapter 12 Accounting for Not-for-Profit and Public Sector Organizations
Recognized as the most current and technically accurate advanced accounting text on the market, Herauf/Mbagwu Modern Advanced Accounting In Canada continues to be one of the most trusted and reliable choices for advanced accounting courses.
The11th edition is 100 percent compliant with International Financial Reporting Standards (IFRS), not only with regard to the typical advanced accounting topics of business combinations and foreign currency transactions, but also for the topics studied in intermediate accounting and other courses. It also contains the reporting requirements for private enterprises and not-for-profit organizations. All of the extracts from financial statements are taken from Canadian entities.
Emphasis on the direct approach of preparing consolidated financial statements along with the “building block” development of the basics of consolidations has been maintained.
Integrated Excel. The power of Microsoft Excel meets the power of Connect in our Integrated Excel assignments. In this new assignment type, Excel opens seamlessly inside Connect, with no need for uploading or downloading any additional files or software. Instructors choose their preferred auto-graded solution, with the option for either grading for formula accuracy or for the solution value.
Help Me Solve It Tutorial Videos. These narrated, animated, step-by-step walk-throughs of select problems help reinforce the concepts learned in class.
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CURRENT: Herauf/Mbagwu is recognized as the most current and technically accurate advanced accounting text on the market today. The resource reflects standards expected to be in effect as of January 1, 2023, based on standards approved by the IASB or on exposure drafts that were outstanding as of December 31, 2021. Every effort has been made to illustrate and explain the requirements of the standards current at the time of publication, anticipating how these might change, what the effects of the changes will be, and what they will mean to the industry, professionals, and students.
DIRECT APPROACH. Emphasis on the Direct Approach of preparing consolidated financial statements along with the “building block” development of the basics of consolidations has been maintained and strengthened. The working paper approach is illustrated in Chapters 3 through 5, in either the body or the appendices.
CRITICAL THINKING. Herauf/Mbagwu guides students in developing critical thinking skills by explicitly examining the variables that companies consider when evaluating their options and the criteria that accountants use to make choices. Opportunities to practice judgement are provided in the problems and case material which accompanies each chapter.
PROBLEM MATERIAL. Herauf/Mbagwu provides a variety of End-of-Chapter material including Cases and Problems, that allows students to apply the knowledge and skills they have gained from the chapter. Excel worksheet files are available online to support the use of the working paper approach for 14 self-study problems and 17 end-of-chapter problems.
STUDENT FRIENDLY APPROACH. The student friendly presentation of advanced accounting topics has been well received by instructors and students and has been carried into the 11th edition.
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