Master the theory and practice you need for professional success with Fischer/Taylor/Cheng's ADVANCED ACCOUNTING, 12E. This leading book offers the most authoritative, comprehensive coverage of advanced accounting topics available. You examine the latest FASB statements and their impact on consolidations. ADVANCED ACCOUNTING, 12E combines sound theoretical foundations with a hands-on approach that uses numerous actual examples common in today's accounting. This edition's clear presentation makes even the most complex topics approachable. New and revised end-of-chapter questions reinforce major concepts from each chapter as they help you strengthen and expand your critical thinking and reasoning skills. Only ADVANCED ACCOUNTING, 12E uses a horizontal approach to consolidations, the format most commonly used in the business world. A trusted preparation resource for the CPA exam, ADVANCED ACCOUNTING, 12E provides the knowledge you need for ongoing accounting success.