本书以企业合并的会计处理为主线，结合国际上新近发生的会计重大事件，阐述会计界面临的重大问题及考验，就企业如何在复杂多变的全球化环境中真实、合理地反映企业信息，提出了各种处理方法。全书脉络清晰，简明扼要，可分为合并理论、方法、账户、报表和特殊业务五个部分。本书适合会计系高年级本科生、研究生、MBA、有兴趣的教师及其他研究人员使用。

本书由四位欧美著名大学教授合力打造，是美国会计学的主流经典教科书。自1985年第1版问世以来，一版再版，受到了美国会计学界的广泛好评，并被多个国家的高校选为教材，得到了广大师生的高度评价，被认为是高级会计学教材的经典、权威之作。

该书以企业合并的会计处理为主线，结合国际上新近发生的会计重大事件，阐述会计界面临的重大问题及考验，就企业如何在复杂多变的全球化环境中真实、合理地反映企业信息，提出了各种处理方法。全书脉络清晰，简明扼要，可分为合并理论、方法、账户、报表和特殊业务五个部分。

为了切合当前双语教学改革的需要，面向国际化，并与最新的会计准则接轨，我们推出了该书最新版——第9版的中文版和双语教学版，全面、系统地阐述了财务会计前沿的一系列会计问题。这些问题起点高，难度大，大多属于我国会计界迫切需要研究的问题，也是国际会计界正在研究的热点问题。本书适合会计系高年级本科生、研究生、MBA、有兴趣的教师及其他研究人员使用。

CHAPTER 1

Business Combinations

The Legal Form of Business Combinations

The Accounting Concept of a Business Combination

Accounting for Business Combinations Under the Purchase Method

Disclosure Requirements

The Sarbanes-Oxley Act of 2002

CHAPTER 2

Stock Investments——lnvestor Accounting and Reporting

Accounting for Stock Investments

Equity Method of Accounting—A One-Line Consolidation

Interim Acquisitions of an Investment Interest

investment in a Step-By-Step Acquisition

Sale of an Equity Interest

Stock Purchases Directly from the Investee

Investee Corporation With Preferred Stock

Extraordinary Items, Cumulative-Effect-Type Adjustments, and Other

  Considerations

Disclosures for Equity Investees

CHAPTER 3

An Introduction to Consolidated Financial Statements

Business Combinations Consummated through Stock Acquisitions

Consolidated Balance Sheet at Date of Acquisition

Consolidated Balance Sheets after Acquisition

Allocation of Excess to Identifiable Net Assets and Goodwill

Consolidated Income Statement

Preparinq a Consolidated Balance Sheet Worksheet

CHAPTER 4

Consolidation Techniaues and Procedures

Consolidation Under the Equity Method

Locating Errors

Excess Allocated to Identifiable Net Assets

Consolidated Statement of Cash Flows

Preparing a Consolidation Worksheet

CHAPTER 5

Intercompany Profit Transactions—Inventories

Intercompany Inventory Transactions

Downstream and Upstream Sales

Unrealized Profits from Downstream Sales

Unrealized Profits from Upstream Sales

Consolidation Example Intercompany Profits from Downstream Sales

Consolidation Example Intercompany Profits from Upstream Sales

CHAPTER 6

Intercomoanv Profit Transactions——Plant Assets

Intercompany Profits on Nondepreciable Plant Assets

Intercompany Profits on Depreciable Plant Assets

Plant Assets Sold at Other than Fair Value

Consolidation Example Upstream and Downstream Sales of Plant Assets

Inventory Items Purchased for Use as Operating Assets

CHAPTER 7

Intercomoanv Profit Transactions——Bonds

Intercompany Bond Transactions

Constructive Gains and Losses on Intercompany Bonds

Parent-Company Bonds Purchased by Subsidiary

Subsidiary Bonds Purchased by Parent

CHAPTER 8

Consolidations——Changes in Ownership Interests

Acquisitions During an Accounting Period

Piecemeal Acquisitions

Sale of Ownership Interests

Changes in Ownership Interests from Subsidiary Stock Transactions

Stock Dividends and Stock Splits by a Subsidiary

CHAPTER 9

Indirect and Mutual Holdinas

Affiliation Structures

Indirect Holdings—Father-Son-Grandson Structure

Indirect Holdings—Connecting Affiliates Structure

Mutual Holdings—Parent Stock Held by Subsidiary

Subsidiary Stock Mutually Held

CHAPTER 10

Subsidiary Preferred Stock, Consolidated Earnings per Share,

and Consolidated Income Taxation

Subsidiaries with Preferred Stock Outstanding

Parent-Company and Consolidated Earnings per Share

Subsidiary with Convertible Preferred Stock

Subsidiary With Options and Convertible Bonds

Accounting for Income Taxes of Consolidated Entities

Income Tax Allocation

Separate-Company Tax Returns with Intercompany Gain

Effect of Consolidated and Separate-Company Tax Returns on

  Consolidated Procedures

Business Combinations

Financial Statement Disclosures for Income Taxes

CHAPTER 11

Consolidation Theories, Push-Down Accountina, and Corporate Joint Ventures

Comparison of Consolidation Theories 226

Illustration--Consolidation Under Parent-Company and Entity Theories

Push-Down Accounting and Other Basis Considerations

Joint Ventures

Accounting for Variable Interest Entities

CHAPTER 12

Foreign Currency Concepts and Transactions

Foreign Exchange Concepts and Definitions

Foreign Currency Transactions Other than Forward Contracts

FASB Statement No. 133: Accounting for Derivative Instruments and Hedging

  Activities

Accounting for Hedge Contracts: Illustrations of Cash Flow and Fair Value Hedge

 Accounting Using Interest Rate Swaps

Foreign Currency Derivatives and Hedging Activities

CHAPTER 13

Foreign Currency Financial Statements

Objectives of Translation and the Functional Currency Concept

Application of the Functional Currency Concept

Hedging a Net Investment in a Foreign Entity

CHAPTER 1 4

Seament and Interim Financial Reporting

Segment Reporting Under FASB Statement No. 131

Interim Financial Reporting

Guidelines for Preparing Interim Statements

CHAPTER 15

Partnarshins—Fnrmation. Ooerations. and Chanaes in Ownership Interests

Nature of Partnerships

Initial Investments in a Partnership

Additional Investments and Withdrawals

Partnership Operations

Profit and Loss Sharing Agreements

Changes in Partnership Interests

Purchase of an Interest from Existing Partners

Investing in an Existing Partnership

Dissolution of a Continuing Partnership Through Death or Retirement

Limited Partnerships

CHAPTER 16

Partnership Liauidation

The Liquidation Process

Safe Payments to Partners

Installment Liquidations

Cash Distribution Plans

Insolvent Partners and Partnerships

CHAPTER 17

Comorate Liauidations and Reorganizations

Bankruptcy Reform Act of 1978

Liquidation

Illustration of a Liquidation Case

Reorganization

Financial Reporting During Reorganization

Financial Reporting for the Emerging Company

Glossary