CATEGORY

This edition maintains several student-oriented features from the last edition. The presentation of consolidation materials highlights working-paper-only entries with shading, and presents working papers on single upright pages. All chapters include excerpts from the popular business press and references to real world companies, institutions, and events. We use examples from annual reports of companies and governmental and non-profit institutions to illustrate key concepts and maintain student interest. Assignment materials include items from past CFA Examinations and have been updated and expanded to maintain close alignment with coverage of the chapter concepts.

Ch.1 Business Combinations
Ch.2 Stock Investments: Investor Accounting and Reporting
Ch.3 An Introduction to Consolidated Financial Statements
Ch.4 Consolidation Techniques and Procedures
Ch.5 Intercompany Profit Transactions: Inventories
Ch.6 Intercompany Profit Transactions: Plant Assets
Ch.7 Intercompany Profit Transactions: Bonds
Ch.8 Consolidations: Changes in Ownership Interests
Ch.9 Indirect and Mutual Holdings
Ch.10 Subsidiary Preferred Stock, Consolidated Earnings per Share, and Consolidated Income Taxation
Ch.11 Consolidation Theories, Push-Down Accounting, Corporate Joint Ventures, and Variable Interest Entities
Ch.12 Foreign Currency Concepts and Transactions
Ch.13 Foreign Currency Financial Statements
Ch.14 Segment and Interim Financial Reporting
Ch.15 Partnerships: Formation, Operations, and Changes in Ownership Interests
Ch.16 Partnership Liquidation
Ch.17 Corporate Liquidations and Reorganizations
Ch.18 An Introduction to Accounting for State and Local Governmental Units
Ch.19 Accounting for State and Local Governmental Units: Governmental Funds
Ch.20 Accounting for State and Local Governmental Units: Proprietary and Fiduciary Funds
Ch.21 Accounting for Not-For-Profit Organizations