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Advanced Financial Accounting

by Richard E. Baker

ISBN-10: 9780072515039
ISBN-10: 0-07-251503-1
ISBN-13: 9780072515039
ISBN-13: 978-0-07-251503-9
Hardcover
2001-08
Mcgraw-Hill College


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Editorials


Book Description
This successful textbook is highly regarded, especially in programs that want a solid, comprehensive text for students who sit for the CPA exam. The book is loosely organized into five sections which allow for flexibility in sequencing the topics. Many of the topics are illustrated by examples using a continuous case involving a fictitious company called Peerless Products Corporation and its subsidiary, Special Foods, Inc.

Reviews


Adv. Accounting Review
Although helpful, this book was not as good as some of the study guides I have used in the past.

INFORMATIVE
This book covers special accounting entities that are not covered in Intermediate Accounting. This book has become helpful in the different organizations I have been employed. Although the material in this book is a lot - it is necessary. Has an excellent section for Not-for-Profit accounting.

Could Have Been Better
I liked this textbook because it is nice and clean and uncluttered inside, however I think that the content could have been better. I had trouble with the first chapter having to do with business combinations in that every time a journal entry was recorded, I had no idea whether the author was referring to the common stock of the purchasing company or the common stock of the selling company. After a while, I finally figured it out, but I thought the problem could have been avoided by being more clear. There are many more examples that I have like this one. I may be being picky about the book seeing as how I took this course via independent study, so I did not have the ability to ask an instructor specific questions. I just think that the authors could have done a better job being more clear on many things. In the end, I did end up getting a A in the course!

Good value for the money
I have used this book in conjunction with Gleim's CPA review books in preparation for FARE section of the CPA exam. Excellent supplement especially if you look for technical aspects of purchase/pooling accounting. The chapters on consolidation are truly outstanding. Very thorough and comprehensive. The only drawback as with many other textbooks is the lack of answer keys at the end of the chapter. Overall, I would definitely recommend getting it.


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