Publisher's Synopsis
This 4th edition has been updated to reflect recent FASB and NCGA pronouncements, including the May 1987 pronouncement that changes the treatment of consolidations. Emphasis in the consolidation chapters is on the cost method, which is compatible with the new FASB ruling. The most up-to-date information on foreign currency is also provided. Like the previous editions, underlying theory and application of business combinations, consolidated financial statements, foreign currency transactions, partnerships and accounting for non-business organizations are all covered. The book is illustrated and contains exercises, questions and problems, many of which are adapted from the CPA examination.
