Advanced Financial Accounting in Canada, 1st edition

Published by Pearson Canada (June 15, 2022) © 2023

  • Nathalie Johnstone University of Saskatchewan
  • Kristie Dewald Vancouver Island University
  • Cheryl Wilson Durham College
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Advanced Financial Accounting in Canada is intended for advanced financial accounting courses covering investments in passive investments, associates, subsidiary, and joint arrangements.  It also provides guidance on foreign transactions and investments as well as the accounting for not-for-profit entities.  The objectives of this resource are to explain complex material in as straightforward a manner as possible and help students understand the purpose of complex accounting topics. Although students studying this material are not novice accounting students, they are novice learners when it comes to this particular set of material. As such, we have endeavored to use plain language to keep the focus on the core topics and to minimize unnecessary complexity.  

  1. Introduction to Advanced Financial Accounting
  2. Accounting for Non-Controlled Investments
  3. Chapter 2 Appendix Deferred Income Tax and Non-Controlled Investments
  4. Introduction to Business Combinations
  5. Chapter 3 Appendix Deferred Income Taxes and Business Combinations
  6. Control Investments: Subsequent Measurements with Wholly Owned Investments
  7. Control Investments: Intercompany Transactions with Wholly Owned Subsidiaries
  8. Chapter 5 Appendix Deferred Income Taxes with Control Investments: Intercompany Transactions with Wholly Owned Subsidiaries
  9. Control Investment of Non-Wholly Owned Subsidiaries
  10. Chapter 6 Appendix Deferred Income Taxes (DIT) with Control Investment of a Non-Wholly Owned Subsidiaries
  11. Accounting for Associates (Revisited) and Joint Arrangements
  12. Control Investments—Other Reporting Issues
  13. Foreign Currency Transactions
  14. Translation and Consolidation of Foreign Operations
  15. Accounting for Not-for-Profit Organizations

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