Search our Catalog
Print Larger font Smaller font Bookmark this page
Browse All Subjects
Book details
ISBN: 9780070893962 / 0070893969
Division: Higher Education
Pub Date: MAY-02
Pages: 704

Copyright: 2003
Edition: 3
Format: Hardback
Sales Restriction: 527
   For Sale in Canada Only
Modern Advanced Accounting in Canada

Murray Hilton
(University of Manitoba)

_______________________________________________________________________________


About the book

Modern Advanced Accounting in Canada continues the approach that made it the best selling advanced financial accounting text in Canada. This includes the complete and comprehensive coverage of business combinations, the preparation of consolidated financial statements, the consolidation of joint ventures and foreign subsidiaries, and pushdown accounting. Consolidation coverage continues to emphasize the direct approach accompanied by a building block development of the consolidation basics. Coverage of unrelated topics "bankruptcy and receivership, and accounting for not-for-profit organizations" has also been maintained
Key features

  • Chapter 1 on International Accounting will be updated and expanded. Latest developments at the IASC will be outlined and, examples of financial statements from other countries will be presented. The end-of-chapter (EOC) material will also be expanded.
  • In light of the growing market demand for a text that presents the direct approach to consolidation, Hilton is the only text that that presents both the direct reconciliation and worksheet approaches. Hilton is current, technically accurate, and concise. It reflects current, accurate standards in the CICA Handbook, and is known for being the most up-to-date book on the market.
  • Chapter 3 - Major revisions to respond to new CICA Handbooksection banning pooling and changing the method of accounting for goodwill. All consolidation illustrations and EOC material will be changed to reflect these changes.
  • Chapters 5 and 6 will discuss and illustrate the acquisition of a subsidiary part way through the parent's fiscal year.
  • Chapter 8 may show a different way of reporting intercompany bondholdings and moving the current material to an appendix.
  • Chapter 10 will extend the future income tax illustration to more than one period. Actual illustrations of company disclosures in the Segmented reporting section will be presented. Also, a new section on Interim reporting will be introduced.
  • Chapter 12 will be updated to reflect a proposed change in accounting standards (the removal of the defer amortize provisions).
  • The old Chapter 14 on partnerships has been dropped from this new edition. The new Chapter 14 (formerly Chapter 15) will deal with not-for-profit organizations, whose coverage will be expanded. Illustrations of the deferred contribution method versus the restricted fund method will be expanded. EOC material will be expanded to include several new cases and more difficult problems. The multiple-choice questions will also be upgraded. Superior supplements package and OLC will be a distinct competitive advantage for Hilton in this market. Will include course management solutions with WebCT and Blackboard, Page Out Library and POL.
  • The old Chapter 14 on partnerships has been dropped from this new edition.
  • The new Chapter 14 (formerly Chapter 15) will deal with not-for-profit organizations, whose coverage will be expanded. Illustrations of the deferred contribution method versus the restricted fund method will be expanded.
  • EOC material will be expanded to include several new cases and more difficult problems. The multiple-choice questions will also be upgraded.
  • Superior supplements package and OLC will be a distinct competitive advantage for Hilton in this market. Will include course management solutions with WebCT and Blackboard, Page Out Library and POL.

  • About the author

    Murray Hilton
    Murray Hilton holds the rank of Senior Scholar at the University of Manitoba where he has continued to teach in the MBA programs since his retirement in 2002. For thirty-five years he was Professor of Accounting at the university’s Asper School of Business, teaching graduate and undergraduate courses in financial accounting. A Chartered Accountant with business degrees from the University of Saskatchewan and Oregon State University, he has published five advanced accounting books. In addition, he has been active in university and faculty administration, having previously served as Head of the Department of Accounting and Finance and as Director of the Master of Accountancy Program. He is currently the Director of the Centre for Accounting Research and Education. Murray has also been very involved in the accounting profession, teaching CA and CMA courses for many years, and serving on numerous national and provincial committees of both accounting bodies. He has on two separate occasions been a member of the National Examination Board of the Society of Management Accountants of Canada. In 1991, he received the FCA designation from the Institute of Chartered Accountants of Manitoba, and in 1994 he was made an honorary member of the Society of Management Accountants of Manitoba. For relaxation, he enjoys reading, golfing, and fishing.



    Table of contents


    1. A Survey of International Accounting and an Introduction to Consolidations
    2. Temporary, Portfolio, and Significant Influence Investments
    3. Business Combinations
    4. Consolidated Statements on Date of Acquisition
    5. Consolidated Financial Statements Subsequent to Acquisition Date - Equity Method
    6. Consolidated Financial Statements Subsequent to Acquisition Date - Cost Method
    7. Intercompany Inventory and Land Profits (A) Intercompany Profits in Depreciable Assets (B) Intercompany Bondholdings
    8. Consolidated Cash Flows: Ownership Issues
    9. Other Consolidation Reporting Issues
    10. (A) Comprehensive Revaluation of Assets and Liabilities (B) Bankruptcy and Receivership
    11. Foreign Currency Transactions
    12. Translation and Consolidation of the Financial Statements of Foreign Operations
    13. Accounting for Not-for-Profit Organizations

     

     

    Bookmark and Share