Advanced Accounting Chapter1

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Advanced Accounting
Third Edition

Susan S. Hamlen

University at Buffalo, The State University of New York

Ronald J. Huefner

University at Buffalo, The State University of New York

James A. Largay III

Lehigh University

Cambridge
BUSINESS PUBLISHERS

Cambridge Business Publishers
ADVANCED ACCOUNTING, Third Edition, by Susan S. Hamlen, Ronald J. Huefner, and James A. Largay III.
COPYRIGHT © 2016 by Cambridge Business Publishers, LLC. Published by Cambridge Business
Publishers, LLC. Exclusive rights by Cambridge Business Publishers, LLC for manufacture and export.
ALL RIGHTS RESERVED. No part of this publication may be reproduced, distributed, or stored in a database or retrieval system in any form or by any means, without prior written consent of Cambridge
Business Publishers, LLC, including, but not limited to, in any network or other electronic storage or transmission, or broadcast for distance learning.

STUDENT EDITION ISBN: 978-1-61853-151-3
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PREFACE

W

elcome to Advanced Accounting. We wrote this book with two major objectives in mind.
First, we seek to reflect the changing topical emphases and content in the advanced accounting course; coverage is completely updated for new developments concerning applicable reporting issues and requirements, including the newest FASB and GASB pronouncements and proposals. We extensively discuss International Financial Reporting Standards where appropriate throughout the book. Second, we write from the perspective of enhancing teachability; many of the topics in this course are complex and require careful explanation. We highlight the major issues in…...

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