Building upon previous editions of Advanced Accounting, author Debra C. Jeter continues to deliver a balanced and detailed approach to the conceptual and technical aspects of advanced accounting. This new and enhanced edition features more in-depth information about international accounting, the upcoming globalization of accounting standards, changes with FASB's, and the latest developments and differences between U.S. GAAP and IFRS. As always, the text also includes comprehensive coverage of all three methods of consolidated financial reporting (cost, partial equity, complete equity).
Having used the same publisher's book for intermediate accounting I was expecting more of the same but this book is much more condensed in terms of examples and practice problems. The worst thing about the book is how it lacks the basic exercises that require understanding the core concepts. If you have these you can check yourself as you read to make sure you are understanding things the way they should be understood. The book does have 2-4 questions per chapter that "test your knowledge" within each chapter but it should be more like 10-15 to be effective.
Some chapters are extremely difficult to understand because a simple concept is overcomplicated when it does not need to be. Chapter 2 dealing with the topic of Goodwill Impairment is a sterling example of this. Reading the book I was very confused but after the instructor went over it in class it made sense and was simple to test for and apply. Chapters 15 and 16 dealing with partnership formation and dissolution are the two best written chapters in the book. They did an outstanding job with this topic and make it crystal clear it terms of theory and application of it to data.
If your instructor releases the answer key it is an excellent study guide. The Power Point Presentations that your instructor may release are also helpful but do not depend on them. Some slides have errors that will just confuse you badly. You should read the text and use the slides as a quick review only. However, if you do not understand something in the text odds are the slides will clear things up. My experience with this course was one of having to teach yourself the material because there really is no way to lecture about everything you need to know. In that capacity the book does an overall good job.
I don't understand all the negative remarks about this book. I know the material is hard to understand, but what can you expect from an advanced accounting textbook? I think they've made the material as easy to understand as possible, and relatable to todays business world.
Product Details :
- Hardcover: 1072 pages
- Publisher: Wiley; 5 edition (December 20, 2011)
- Language: English
- ISBN-10: 1118022297
- ISBN-13: 978-1118022290
- Product Dimensions: 1.7 x 8 x 10 inches
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