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14 reviewsfinancial accounting and reporting in the following topical
areas: business combinations, consolidated financial statements,
international accounting, foreign currency transactions,
accounting for derivative instruments, translation of
financial statements of foreign affiliates, segment reporting
and interim reporting, partnerships, fund accounting
and accounting for governmental units, and accounting for
nongovernment—nonbusiness organizations. The primary
objective of this book is to provide a comprehensive treatment
of selected topics in a clear and understandable manner.
The changes related to FASB ASC Topics 805 and 810
(SFAS No. 141R and 160) are integrated throughout the
edition. As in previous editions, we strive to maintain maximum
flexibility to the instructor in the selection and breadth
of coverage for topics dealing with consolidated financial
statements and other advanced topics.