Advanced Financial Accounting: A Core Course for Accounting Majors in Universities in the 21st Century

Author: Chu Yiyun, Editor-in-Chief
Publisher:
Publish Date: 2006-08-01
Features: This textbook is based on the "Enterprise Accounting Standards" issued in 2006 and considers the connection with the content of "Intermediate Financial Accounting." The book is divided into five parts, with twenty-one chapters covering the following topics.
Part I, Business Combinations and Consolidated Financial Statements. This section provides a detailed description of accounting methods for business combinations and the preparation procedures and techniques for consolidated financial statements. Additionally, it systematically and thoroughly discusses group internal transactions, changes in equity structure, indirect ownership, cross-shareholdings, consolidated earnings per share, consolidated cash flow statements, and backflush accounting. It also summarizes and refines consolidated accounting theory.
Part II, Foreign Currency Transactions and Foreign Currency Financial Statement Translation. This section explains accounting for businesses operating in cross-border environments, including the accounting treatment of foreign currency transactions, methods for foreign currency financial statement translation, and issues related to the consolidation of foreign currency financial statements.
Part III, Financial Instruments Accounting. This section systematically elaborates on the recognition and measurement of financial instruments, reclassification, and the accounting treatment of financial asset transfers, as well as the accounting for hedging.
Part IV, Regular Information Disclosure for Listed Companies. This section analyzes the disclosure issues of segment reports and interim financial statements.
Part V, Other Topics. This section covers specialized topics in corporate accounting, partnership accounting, lease accounting, pension accounting, liquidation, restructuring, and debt restructuring of financially distressed companies, accounting for price changes, branch accounting, the characteristics of joint financial statements, the organization, operations, dissolution, and liquidation of partnership enterprises, as well as the features of owner's equity and profit distribution (income allocation) in partnership structures.
This book is suitable for undergraduate and graduate students in accounting, as well as for the classroom teaching of MBA and MPAcc programs in business administration. To facilitate learning, this book is accompanied by the "Study Guide for Advanced Financial Accounting—Exercises and Cases."