Advanced Financial Accounting, 6e

John Macintosh     

Captus Press, ISBN 978-1-55322-090-9 (2005)
612 pages, 1400 g, 8.5 X 11, $62.75 (US$50.25)

For university and college courses in Advanced Financial Accounting

The sixth edition of this student popular text has been updated to accommodate the recent changes in accounting standards and the regulations brought about as a result of the 2001-2002 accounting scandals in the U.S. It includes extensive updates of case material, exercises and problems as well as expanded material relating to the accounting and control of nonprofit organizations and entities of the public sector for compliance with the CICA Handbook.

A sound financial resource, Advanced Financial Accounting explores a myriad of advanced topics such as the nature of financial reporting, alternative accounting models, business combinations, long term investments, foreign operations, financial instruments, public sector and not-for-profit organizations, unincorporated businesses (i.e., sole proprietorships and partnerships), and the consolidation of financial statements.  Consolidations are performed using the “Analysis of Equity” approach which accommodates present-day conditions. “Analysis of Equity" is ideally suited for computer-assisted applications and to the consolidation of a number of companies in a single exercise.

This book includes a disk with custom-designed computer software to assist the student in resolving diverse consolidation situations. The variety of analytical models on the disk may be used directly on specially marked problems in the text and on similar ones from other sources.

Use of the custom software requires Excel Version 5.0 or later.

Table of Contents   top


  1. Nature of Financial Reporting
  2. Examination of the Historical Cost Accounting Model
  3. Feasible Alternative Accounting Models
  4. Business Combinations
  5. Accounting for Longterm Investments
  6. The Consolidation of Financial Statements: Introduction
  7. Consolidations: the Completion of the Basic Consolidation Process
  8. Consolidations: Using the Cost or Equity Method
  9. Consolidations: Intercompany Transactions in Inventories
  10. Consolidations: Intercompany Transactions in Capital Assets
  11. Consolidations: Accounting for Intercompany Financial Holdings
  12. Consolidations: Acquisitions and Disposals of Part Interests in Subsidiaries
  13. Consolidations: Effective Acquisitions and Disposals of Interests
  14. Consolidations: Joint Ventures, Complicated Groups, and Other Matters
  15. Interim, Segment and Summary Reporting
  16. Foreign Exchange Transactions and Foreign Operations
  17. Financial Instruments and the Hedging of Currency Risk
  18. The Nature and Control of Government and Nonprofit Organizations
  19. Public Sector Accounting Requirements
  20. The Reporting Requirements for Nonprofit Organizations
  21. Unincorporated Businesses
  22. Bankruptcy and Insolvency: an Overview



Instructor Resources   top

A Solutions Manual containing answers to all of the questions and problems in the book is available for instructors.

Visit the Instructor's Resources website

Related Resources   top

Online Course: Corporate Finance

About the Author   top

John Macintosh is Senior Scholar and Professor Emeritus of Accounting in the School of Administrative Studies, Atkinson College of York University, Toronto. He holds an Honours Bachelor of Science Degree from the University of Natal, a Master's Degree in Accounting from the University of Cape Town, and a Doctorate in Accounting from the University of South Africa. He is also a Chartered Accountant and a Doctoral Fellow of the Institute of Chartered Accountants of Ontario.

His research interests cover financial reporting, accounting theory and nonprofit organizations. He has published papers on various accounting matters in professional and refereed journals in Australia, Britain, Canada, South Africa and in the United States of America. He has also held visiting professorships in Australia and New Zealand.