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Advanced Financial Accounting

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Title: Advanced Financial Accounting
by Richard E. Baker, Valdean C. Lembke, Thomas E. King
ISBN: 0-07-244412-6
Publisher: McGraw-Hill College
Pub. Date: 09 August, 2001
Format: Hardcover
List Price(USD): $117.90
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Average Customer Rating: 4 (2 reviews)

Customer Reviews

Rating: 3
Summary: Could Have Been Better
Comment: I liked this textbook because it is nice and clean and uncluttered inside, however I think that the content could have been better. I had trouble with the first chapter having to do with business combinations in that every time a journal entry was recorded, I had no idea whether the author was referring to the common stock of the purchasing company or the common stock of the selling company. After a while, I finally figured it out, but I thought the problem could have been avoided by being more clear. There are many more examples that I have like this one. I may be being picky about the book seeing as how I took this course via independent study, so I did not have the ability to ask an instructor specific questions. I just think that the authors could have done a better job being more clear on many things. In the end, I did end up getting a A in the course!

Rating: 5
Summary: Good value for the money
Comment: I have used this book in conjunction with Gleim's CPA review books in preparation for FARE section of the CPA exam. Excellent supplement especially if you look for technical aspects of purchase/pooling accounting. The chapters on consolidation are truly outstanding. Very thorough and comprehensive. The only drawback as with many other textbooks is the lack of answer keys at the end of the chapter. Overall, I would definitely recommend getting it.

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