The Eleventh Edition of Advanced Financial Accounting is an up-to-date, comprehensive,and highly illustrated presentation of the accounting and reporting principles and proceduresused in a variety of business entities. Every day, the business press carries stories about themerger and acquisition mania, the complexities of modern business entities, new organizationalstructures for conducting business, accounting scandals related to complex businesstransactions, the foreign activities of multinational firms, the operations of governmental andnot-for-profit entities, and bankruptcies of major firms. Accountants must understand andknow how to deal with the accounting and reporting ramifications of these issues.