Custom Advanced Accounting (University of Chicago)

by Hopkins, Halsey

ISBN: 0000000000 | Copyright 2020

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Advanced Accounting, 4e (pg. 1.2)
Chapter 1 Accounting for Intercorporate Investments (pg. 1.2)
HULU (pg. 1.2)
When Should the Equity Method Be Used? (pg. 1.5)
Topic Review 1.1 (pg. 1.7)
Accounting Procedures for an Investment Using the Equity Method (Basics) (pg. 1.7)
Accounting for the Purchase of an Equity Investment (pg. 1.8)
Accounting for the Equity Investment Subsequent to Its Purchase (pg. 1.9)
Topic Review 1.2 (pg. 1.11)
Accounting for an Investment Using the Equity Method (Advanced Topics) (pg. 1.11)
Accounting for Equity Investments When the Purchase Price Exceeds Book Value (pg. 1.11)
Topic Review 1.3 (pg. 1.14)
Accounting for the Effects on Equity Investments of Intercompany Sales of Inventory (pg. 1.15)
Topic Review 1.4 (pg. 1.16)
Equity Method Accounting When Less Than 100% of the Investee Is Owned (pg. 1.16)
Topic Review 1.5 (pg. 1.20)
Discontinuance of the Equity Method (pg. 1.20)
Accounting for a Change to and from the Equity Method (pg. 1.21)
Topic Review 1.6 (pg. 1.24)
Required Disclosures for Equity Method Investments (pg. 1.24)
Criticism of the Equity Method (pg. 1.25)
Chapter Summary (pg. 1.26)
Comprehensive Review (pg. 1.27)
Questions (pg. 1.28)
Multiple Choice (pg. 1.29)
Problems (pg. 1.37)
Topic Review (pg. 1.40)
Comprehensive Review Solution (pg. 1.42)
Chapter 2 Introduction to Business Combinations and the Consolidation Process (pg. 1.44)
COCA-COLA (pg. 1.44)
Business Combinations and (Non-Business) Asset Acquisitions (pg. 1.47)
Review of (Non-Business) Asset Acquisition Accounting (pg. 1.49)
Types of Business Combinations (pg. 1.51)
Topic Review 2.1 (pg. 1.53)
When Does “Control” Exist? (pg. 1.53)
Topic Review 2.2 (pg. 1.54)
Consolidation on the Date of Acquisition (pg. 1.55)
The Intuition Underlying the Consolidation Process (pg. 1.55)
Acquisition-Date Consolidation (Purchase Price Equals Book Value) (pg. 1.59)
Acquisition-Date Consolidation (Purchase Price Greater Than Book Value) (pg. 1.61)
Topic Review 2.3 (pg. 1.67)
Recognizing and Measuring the Identifiable Assets Acquired and the Liabilities Assumed (pg. 1.67)
Recognition Principle (pg. 1.68)
Measurement Principle and Fair Value Estimation (pg. 1.68)
Topic Review 2.4 (pg. 1.76)
Topic Review 2.5 (pg. 1.77)
Disclosure Example: Tyson Foods’ Acquisition of Hillshire Brands (pg. 1.79)
Chapter Summary (pg. 1.82)
Comprehensive Review (pg. 1.83)
Appendix 2A: Measuring Assets Acquired and Liabilities Assumed (Advanced) (pg. 1.83)
Topic Review 2.6 (pg. 1.85)
Appendix 2B: Deferred Taxes and Business Combinations (pg. 1.88)
Appendix 2C: Pushdown Accounting (pg. 1.92)
Questions (pg. 1.97)
Multiple Choice (pg. 1.99)
Exercises (pg. 1.105)
Problems (pg. 1.112)
Topic Review (pg. 1.119)
Comprehensive Review Solution (pg. 1.122)
Chapter 5 Consolidated Financial Statements with Less Than 100% Ownership (pg. 1.292)
Basics of Consolidating Noncontrolling Interests (pg. 1.295)
Consolidation on Date of Acquisition-Parent Owns 80% of the Subsidiary (pg. 1.295)
Post-Acquisition Consolidation And Noncontrolling Interests-Equity Method (pg. 1.299)
Allocation of Profit to Controlling and Noncontrolling Interests and Consolidation Subsequent to Acq (pg. 1.300)
Topic Review 5.1 (pg. 1.305)
Intercompany Profit Elimination in Consolidated Financial Statements in the Presence of Noncontrolli (pg. 1.305)
Topic Review 5.2 (pg. 1.313)
Intercompany Profit Elimination for Upstream Depreciable Asset Sales-Equity Method (pg. 1.314)
Comparison of Upstream to Downstream Transfers of Depreciable Assets (pg. 1.319)
Topic Review 5.3 (pg. 1.323)
Post-Acquisition Consolidation and Noncontrolling Interests-Cost Method (pg. 1.324)
Suggested Integrated Approach for Mastering Complex Consolidations (pg. 1.329)
Step 1: Disaggregate and Document the Activity for the 100% AAP, the Controlling Interest AAP, and (pg. 1.330)
Step 2: Calculate and Organize the Profits and Losses on Intercompany Transactions and Balances (pg. 1.334)
Step 3: Compute the Pre-Consolidation Equity Investment Account Beginning and Ending Balances Start (pg. 1.336)
Step 4: Reconstruct the Activity in the Parent’s Pre-Consolidation Equity Investment T-Account for (pg. 1.337)
Step 5: Independently Compute the Beginning and Ending Balances of Owners’ Equity Attributable to t (pg. 1.338)
Step 6: Independently Calculate Consolidated Net Income, Controlling Interest Net Income, and Nonco (pg. 1.340)
Step 7: Complete the Consolidating Entries According to the C-E-A-D-I Sequence and Complete the Con (pg. 1.342)
Chapter Summary (pg. 1.344)
Comprehensive Review-Equity Method (pg. 1.345)
Comprehensive Review-Cost Method (pg. 1.346)
Appendix 5A: Business Combinations and Alternative Measurements of Noncontrolling Interest (pg. 1.348)
Appendix 5B: Consolidated Earnings Per Share (EPS) (pg. 1.352)
Appendix 5C: Accounting for Changes in Ownership (pg. 1.353)
Topic Review 5.4 (pg. 1.359)
Questions (pg. 1.360)
Multiple Choice (pg. 1.360)
Exercises (pg. 1.365)
Problems (pg. 1.370)
Topic Review (pg. 1.388)
Comprehensive Review Solution-Equity Method (pg. 1.391)
Comprehensive Review Solution-Cost Method (pg. 1.398)
Patrick E. Hopkins

Patrick E. Hopkins

Patrick E. Hopkins, is a professor and Deloitte Foundation Accounting Faculty Fellow at Indiana University’s Kelley School of Business. Professor Hopkins received his B.S. and M.Acc. from the University of Florida and his Ph.D. from the University of Texas at Austin.

Prior to entering the accounting doctoral program, Professor Hopkins served as a senior consultant with the Emerging Business Services practice of Deloitte, Haskins and Sells in Miami, Florida. Professor Hopkins has been at IU since 1995, where he teaches undergraduate and graduate courses on financial reporting for mergers, acquisitions and changes in corporate structure. He also served as a Visiting Professor at Stanford University’s Graduate School of Business, where he taught courses on global financial reporting and on accounting for mergers, acquisitions and changes in corporate structure. During his career, Professor Hopkins won each of the top teaching awards in the Kelley School of Business, including the Trustees Teaching Award, the Schuyler F. Otteson Award, and the Sauvain Award. He also teaches in international and online executive MBA programs at Indiana University, and in the doctoral program at HHL University in Leipzig, Germany. Professor Hopkins is also a widely respected research scholar in the area of financial reporting, and investor and analyst judgment and decision making. His work has appeared in top accounting journals, including The Accounting Review, the Journal of Accounting Research, Contemporary Accounting Research, and Accounting Organizations and Society, and has been discussed in business press publications, including Barron’s, CFO, and The Deal. He is the past winner of the American Accounting Association’s Financial Accounting and Reporting Section Best Research Paper Award, the Indiana University Outstanding Junior Faculty Award, and Kelley School of Business Outstanding Research Award.

Robert F. Halsey

Robert F. Halsey

Robert F. Halsey is Professor of Accounting and Associate Dean of the Undergraduate School at Babson College. He received his MBA and PhD from the University of Wisconsin.

Prior to obtaining his PhD he worked as the chief financial officer (CFO) of a privately held retailing and manufacturing company and as the vice president and manager of the commercial lending division of a large bank.

Professor Halsey teaches courses in financial and managerial accounting at both the graduate and undergraduate levels, including a popular course in financial statement analysis for second year MBA students. He has also taught numerous executive education courses for large multinational companies through Babson’s school of Executive Education as well as for a number of stock brokerage firms in the Boston area. He is regarded as an innovative teacher and has been recognized for outstanding teaching at both the University of Wisconsin and Babson College.

Professor Halsey co-authors Advanced Accounting published by Cambridge Business Publishers. Professor Halsey’s research interests are in the area of financial reporting, including firm valuation, financial statement analysis, and disclosure issues. He has publications in Advances in Quantitative Analysis of Finance and Accounting, The Journal of the American Taxation Association, Issues in Accounting Education, The Portable MBA in Finance and Accounting, the CPA Journal, AICPA Professor/Practitioner Case Development Program, and in other accounting and analysis journals.

Professor Halsey is an active member of the American Accounting Association and other accounting, analysis, and business organizations. He is widely recognized as an expert in the areas of financial reporting, financial analysis, and business valuation.

Advanced Accounting, 4e (Hopkins, Halsey)
Last Updated: Jun 7 2021

Here are corrections to the text identified after the book's printing.

Excel Templates - Chs 2-6
Last Updated: Jun 22 2020

Excel templates for designated problems in Chapters 2-6. 

Excel Templates - Chs 8-9
Last Updated: Apr 1 2021

Excel templates for designated problems in Chapters 8-9.

Excel Templates - Chs 12-13
Last Updated: Jun 22 2020

Excel templates for designated problems in Chapters 12-13.

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