Advanced Accounting Tenth Edition
Buku ini diterbitkan pertama kali tahun 1984 oleh McGraw-Hill Companies, Inc. Kemudian diterbitkan berturut-turut tahun 1987, 1991, 1994, 1998, 2001, 2004, 2007, 2009, dan buku ini diterbitkan tahun 2011 merupakan buku edisi sepuluh.
Judul: Advanced Accounting Tenth Edition
Oleh: Joe B. Hoyle, et al
Penerbit: McGraw-Hill Companies, Inc.
Tahun: 2011
Jumlah Halaman: 881 hal.
Penulis:
Joe B. Hoyle adalah Associate Professor Akuntansi di Robins School of Business di University of Richmond, di mana ia mengajar Akuntansi Intermediate dan Advanced Akuntansi. Pada tahun 2009, ia diangkat menjadi salah satu dari 100 orang paling berpengaruh dalam profesi akuntansi oleh Accounting Today. 2007 Dia mendapat penghargaan sebagai Virginia Profesor of the Year oleh Carnegie Yayasan untuk Kemajuan Pengajaran dan Pusat Kemajuan dan Dukungan Pendidikan. Dia dinobatkan sebagai Distinguished Educator lima kali di Universitas Richmond dan Profesor of the Year pada dua kesempatan. Joe baru-baru ini menulis sebuah buku esai berjudul Tips and Thoughts on Improving the Teaching Process in College, yang tersedia tanpa biaya di http://oncampus.richmond.edu/~jhoyle/.
Thomas F. Schaefer adalah Profesor KPMG Akuntansi di Universitas Notre Dame. Ia telah menulis sejumlah artikel dalam jurnal ilmiah seperti The Accounting Review, Journal of Accounting Research, Journal of Accounting & Economics, Accounting Horizons, and others. His primary teaching and research interests are in financial accounting and reporting. Pengajaran dan penelitian utamanya adalah di bidang akuntansi dan pelaporan keuangan. Tom aktif dalam Asosiasi untuk Kemajuan Collegiate Schools of Business Internasional dan merupakan mantan presiden president of the American Accounting Association’s Accounting. Tom menerima 2.007 A. Silvoso Faculty Merit Award from the Federation of Schools of Accountancy.
Timothy S. Doupnik adalah Profesor Akuntansi di University of South Carolina, di mana ia
mengajarkan Keuangan dan Akuntansi Internasional. Timothy telah menerbitkan banyak buku di bidang
akuntansi internasional dalam jurnal seperti Akuntansi, Organisasi, dan Masyarakat; Abacus;
International Journal of Accounting; dan Jurnal Ilmu Pengetahuan Bisnis Internasional. Tim adalah
mantan presiden American Accounting Association’s International Accounting Section,
and dia dalah penerima penghargaan sebagai International Accounting Educator Award in 2008.
Lingkup Pembahasan:Buku ini terdiri atas 19 Bab. Bab 1 tentang Ekuitas Metode Akuntansi investasi, 2) Konsolidasi Informasi Keuangan, 3) Peleburan-Setelah pada Tanggal akuisisi, 4) Laporan Keuangan Konsolidasi dan Di luar Kepemilikan, 5) Konsolidasi Keuangan Statements- Intra-Badan Aset Transaksi, 6) Entitas Bunga Variabel, Intra-Entity Utang, Arus Kas Konsolidasi, dan isu Lainnya, 7) Laporan Keuangan Statements-
Pola kepemilikan dan Pajak Penghasilan, 8) Segmen dan Interim Pelaporan, 9) Mata Uang Asing Transaksi dan Hedging Resiko Valuta Asing, 10) Laporan Keuangan Penjabaran Mata Uang Asing,
11) Seluruh Dunia Akuntansi Keanekaragaman dan Standar Internasional, 12) Pelaporan Keuangan dan Securities and Exchange Commission, 13) Akuntansi Reorganisasi Hukum dan likuidasi, 14) Kemitraan: Pembentukan dan Operasi, 15) Kemitraan: Penghentian dan likuidasi, 16 Akuntansi Negara dan Daerah
(Bagian 1), 17) Akuntansi Negara dan Daerah (Bagian 2), 18) Akuntansi dan Pelaporan untuk Organisasi Swasta Tidak-untuk-Laba, dan 19 Akuntansi Perkebunan dan Trust.
Daftar Isi:
About the Authors v
Chapter One
The Equity Method of Accounting for Investments 1
The Reporting of Investments in Corporate Equity Securities 1
Discussion Question: Did the Cost Method Invite Earnings Manipulation? 4
International Accounting Standard 28—Investments in Associates 4
Application of the Equity Method 4
Accounting for an Investment—The Equity Method 6
Accounting Procedures Used in Applying the Equity Method 8
Discussion Question: Does the Equity Method Really Apply Here? 10
Excess of Investment Cost Over Book Value Acquired 13
Elimination of Unrealized Profits in Inventory 17
Discussion Question: Is This Really Only Significant Influence? 19
Fair-Value Reporting Option for Equity Method Investments 22
Summary 24
Chapter Two
Consolidation of Financial Information 37
Expansion through Corporate Takeovers 38
The Consolidation Process 41
Financial Reporting for Business Combinations 44
Procedures for Consolidating Financial Information 47
Acquisition-Date Fair-Value Allocations—Additional Issues 56
Convergence between U.S. and International Accounting Standards 59
Legacy Methods of Accounting for Business Combinations 59
Summary 64
Chapter Three
Consolidations—Subsequent to the Date of Acquisition 81
Consolidation—The Effects Created by the Passage of Time 82
Investment Accounting by the Acquiring Company 82
Subsequent Consolidation—Investment Recorded by the Equity Method 84
Subsequent Consolidations—Investment Recorded Using Initial Value or Partial Equity Method 94
Goodwill Impairment 103
Discussion Question: How Does a Company Really Decide Which Investment Method to Apply? 105
Comparisons with International Accounting Standards 108
Amortization and Impairment of Other Intangibles 109
Contingent Consideration 110
Push-Down Accounting 111
Summary 113
Chapter Four
Consolidated Financial Statements and Outside Ownership 139
Consolidated Financial Reporting in the Presence of a Noncontrolling Interest 140
Allocating the Subsidiary’s Net Income to the Parent and Noncontrolling Interests 144
Partial Ownership Consolidations (Acquisition Method) 144
Discussion Question 145
Alternative Fair-Value Specification—Evidence of a Control Premium 155
Revenue and Expense Reporting for Midyear Acquisitions 158
Step Acquisitions 160
Comparisons with International Accounting Standards 167
The Legacy Purchase Method—Consolidated Financial Reporting with a Noncontrolling Interest 168
Summary 172
Chapter Five
Consolidated Financial Statements—Intra-Entity Asset Transactions 195
Intra-Entity Inventory Transactions 196
Unrealized Gross Profit—Year of Transfer (Year 1) 197
Discussion Question: Earnings Management 198
Discussion Question: What Price Should We Charge Ourselves? 210
Intra-Entity Land Transfers 214
Intra-Entity Transfer of Depreciable Assets 216
Summary 220
Chapter Six
Variable Interest Entities, Intra-Entity Debt, Consolidated Cash Flows, and Other Issues 241
Consolidation of Variable Interest Entities 241
Comparisons with International Accounting Standards 248
Intra-Entity Debt Transactions 249
Discussion Question: Who Lost This $300,000? 254
Subsidiary Preferred Stock 256
Consolidated Statement of Cash Flows 259
Consolidated Earnings Per Share 263
Subsidiary Stock Transactions 266
Summary 273
Chapter Seven
Consolidated Financial Statements—Ownership Patterns and Income Taxes 293
Indirect Subsidiary Control 293
Indirect Subsidiary Control—Connecting Affiliation 302
Mutual Ownership 304
Indirect Control—Comparisons with International Accounting Standards 307
Income Tax Accounting for a Business Combination 307
Income Taxes and Business Combinations—Comparisons with International Accounting
Standards 317
Summary 317
Chapter Eight
Segment and Interim Reporting 335
Segment Reporting 336
Operating Segments 336
Determination of Reportable Operating Segments 337
Testing Procedures—Complete Illustration 339
Other Guidelines 341
Information to Be Disclosed by Reportable Operating Segment 342
Examples of Operating Segment Disclosures 345
Entity-Wide Information 346
Discussion Question: How Does a Company Determine Whether a Foreign Country Is Material? 349
IFRS—Segment Reporting 349
Interim Reporting 350
Minimum Disclosures in Interim Reports 355
Segment Information in Interim Reports 356
IFRS—Interim Reporting 357
Summary 357
Chapter Nine
Foreign Currency Transactions and Hedging Foreign Exchange Risk 375
Foreign Exchange Markets 376
Foreign Currency Transactions 379
Hedges of Foreign Exchange Risk 383
Derivatives Accounting 383
Hedge Accounting 385
Hedges of Foreign Currency Denominated Assets and Liabilities 386
Forward Contract Used to Hedge a Foreign Currency Denominated Asset 387
Discussion Question: Do We Have a Gain or What? 393
Foreign Currency Option Used to Hedge a Foreign Currency Denominated Asset 395
Hedges of Unrecognized Foreign Currency Firm Commitments 400
Hedge of Forecasted Foreign Currency Denominated Transaction 405
Use of Hedging Instruments 408
Foreign Currency Borrowing 410
IFRS—Foreign Currency Transactions and Hedges 411
Summary 411
Chapter Ten
Translation of Foreign Currency Financial Statements 435
Exchange Rates Used in Translation 436
Discussion Question: How Do We Report This? 437
Translation Methods 439
Complicating Aspects of the Temporal Method 442
Disposition of Translation Adjustment 443
U.S. Rules 444
The Process Illustrated 447
Translation of Financial Statements—Current Rate Method 449
Remeasurement of Financial Statements—Temporal Method 452
Comparison of the Results from Applying the Two Different Methods 456
Hedging Balance Sheet Exposure 457
Disclosures Related to Translation 458
Consolidation of a Foreign Subsidiary 459
IFRS—Translation of Foreign Currency Financial Statements 463
Summary 464
Chapter Eleven
Worldwide Accounting Diversity and International Standards 489
Evidence of Accounting Diversity 490
Reasons for Accounting Diversity 494
A General Model of the Reasons for International Differences in Financial Reporting 496
Problems Caused by Diverse Accounting Practices 497
International Harmonization of Financial Reporting 498
International Accounting Standards Committee 499
International Accounting Standards Board 500
FASB–IASB Convergence 503
SEC Acceptance of IFRS 507
First-Time Adoption of IFRS 508
Differences between IFRS and U.S. GAAP 512
Discussion Question: Which Accounting Method Really Is Appropriate? 514
A Principles-Based Approach to Standard Setting 519
Obstacles to Worldwide Comparability of Financial Statements 521
Summary 522
Chapter Twelve
Financial Reporting and the Securities and Exchange Commission 533
The Work of the Securities and Exchange Commission 533
Corporate Accounting Scandals and the Sarbanes-Oxley Act 539
Discussion Question: Is the Disclosure Worth the Cost? 550
Summary 551
Chapter Thirteen
Accounting for Legal Reorganizations and Liquidations 557
Accounting for Legal Reorganizations and Liquidations 558
Discussion Question: What Do We Do Now? 562
Discussion Question: How Much Is That Building Really Worth? 564
Liquidation—Chapter 7 Bankruptcy 567
Reorganization—Chapter 11 Bankruptcy 571
Discussion Question: Is This the Real Purpose of the Bankruptcy Laws? 579
Summary 580
Chapter Fourteen
Partnerships: Formation and Operation 599
Partnerships—Advantages and Disadvantages 600
Alternative Legal Forms 601
Partnership Accounting—Capital Accounts 602
Discussion Question: What Kind of Business Is This? 604
Discussion Question: How Will the Profits Be Split? 608
Accounting for Partnership Dissolution 612
Summary 619
Chapter Fifteen
Partnerships:Termination and Liquidation 635
Termination and Liquidation—Protecting the Interests of All Parties 636
Discussion Question: What Happens If a Partner Becomes Insolvent? 646
Chapter Sixteen
Accounting for State and Local Governments (Part 1) 669
Introduction to the Accounting for State and Local Governments 670
Overview of State and Local Government Financial Statements 678
Accounting for Governmental Funds 683
Recognition of Expenditures for Operations and Capital Additions 687
Discussion Question: Is It an Asset or a Liability? 689
Summary 701
Chapter Seventeen
Accounting for State and Local Governments (Part 2) 719
Capital Leases 719
Solid Waste Landfill 723
Compensated Absences 725
Works of Art and Historical Treasures 726
Infrastructure Assets and Depreciation 727
Expanded Financial Reporting 729
The Primary Government and Component Units 730
Discussion Question: Is It Part of the County? 733
Government-Wide and Fund-Based Financial Statements Illustrated 734
Reporting Public Colleges and Universities 752
Summary 757
Chapter Eighteen
Accounting and Reporting for Private Not-for-Profit Organizations 777
Financial Reporting 778
Accounting for Contributions 786
Discussion Question: Are Two Sets of GAAP Really Needed for Colleges and Universities? 788
Transactions for a Private Not-for-Profit Organization Illustrated 794
Accounting for Health Care Organizations 797
Discussion Question: Is This Really an Asset? 798
Summary 799
Chapter Nineteen
Accounting for Estates and Trusts 817
Accounting for an Estate 817
Discussion Question: Is This Really an Asset? 830
Accounting for a Trust 831
Summary 837
INDEX 851
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