The approach used by Hoyle, Schaefer, and Doupnik in the new edition allows students to think critically about accounting, just as they will do while preparing for the CPA exam. With this text, students gain a well-balanced appreciation of the Accounting profession. The 9th edition introduces the students to the fields many aspects, while focusing on past and present resolutions. The text continues to show the development of financial reporting as a product of intense and considered debate that continues today and into the future.

Joe B. Hoyle is Associate Professor of Accounting at the Robins School of Business at the University of Richmond, where he teaches Intermediate Accounting I and II and Advanced Accounting. He is currently the David Meade White Distinguished Teaching Fellow. He has been named a Distinguished Educator five times and Professor of the Year on two occasions. He is also author of Fast Track CPA Examination Review and coauthor of The Lakeside Company Case Studies in Auditing.Thomas F. Schaefer is the KPMG Professor of Accounting at the University of Notre Dame. He has written a number of articles in scholarly journals such as The Accounting Review, Journal of Accounting Research, Journal of Accounting and Economics, Accounting Horizons, and others. His primary teaching and research interests are in financial accounting and reporting. Tom is active with the International Association for the Advancement of Collegiate Schools of Business (AACSB) and is a past President of the American Accounting Associations Accounting Program Leadership Group (APLG).Timothy S. Doupnik is the Cramer Fellow in International Accounting at the University of South Carolina. He received his Ph.D. in Accounting from the University of Illinois. Tim is a past president of the International Accounting Section of the American Accounting Association. He currently serves as an associate editor for the Journal of International Accounting Research and on the editorial board of several other international journals.

Ch. 1 The Equity Method of Accounting for Investments

Ch. 2 Consolidation of Financial Information

Ch. 3 Consolidations - Subsequent to the Date of Acquisition

Ch. 4 Consolidated Financial Statements and Outside Ownership

Ch. 5 Consolidated Financial Statements - Intercompany Asset Transactions

Ch. 6 Variable Interest Entities, Intercompany Debt, Consolidated Statement of Cash Flows, and Other Issues

Ch. 7 Consolidated Financial Statements - Ownership Patterns and Income Taxes

Ch. 8 Segment and Interim Reporting

Ch. 9 Foreign Currency Transactions and Hedging Foreign Exchange Risk

Ch. 10 Translation of Foreign Currency Financial Statements

Ch. 11 Worldwide Accounting Diversity and International Standards

Ch. 12 Financial Reporting and the Securities and Exchange Commission

Ch. 13 Accounting for Legal Reorganizations and Liquidations

Ch. 14 Partnerships: Formation and Operation

Ch. 15 Partnerships: Termination and Liquidation

Ch. 16 Accounting for State and Local Governments, Part I

Ch. 17 Accounting for State and Local Governments, Part II

Ch. 18 Accounting and Reporting for Not-for-Profit Organizations

Ch. 19 Accounting for Estates and Trusts