This book covers reporting for mergers and acquisitions, foreign currency transactions, hedges, state and local governments, not-for-profit organizations, plus specialized topics. Discussion of each topic focuses on key concepts, with many illustrations from practice, using familiar organizations. Emphasis is on the logic behind reporting standards and requirements, presented in a student-friendly way. Coverage is completely updated for the newest FASB and GASB pronouncements and proposals, as well as relevant IFRS. Illustrations of business practice are taken from current financial statements and events.

The text has extensive student and instructor support. PowerPoint slides, eLecture videos, guided examples, and online homework and quizzes provide students with additional learning resources, and allow instructors to use class time efficiently and effectively.

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