This document is an instructor's solutions manual for an advanced financial accounting textbook. It provides answers and solutions to exercises in 11 chapters that cover topics like business combinations, consolidation of subsidiaries, foreign currency transactions, and financial reporting for not-for-profit and public sector organizations. The copyright notice at the end indicates this solutions manual is intended solely for instructors' use in teaching courses using the textbook and assessing students.

1. INSTRUCTOR’S SOLUTIONS MANUAL
to accompany
Advanced Financial Accounting
Seventh Edition
Thomas H. Beechy
Schulich School of Business, York University
V. Umshanker Trivedi
Schulich School of Business, York University
Kenneth E. MacAulay
Gerald Schwartz School of Business and Information Systems, St. Francis Xavier University
Toronto
Copyright © 2014 Pearson Canada Inc. All rights reserved.
This work is protected by Canadian copyright laws and is provided solely for the use of instructors in teaching their
courses and assessing student learning. Dissemination or sale of any part of this work (including on the Internet) will
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adopted Advanced Financial Accounting, Seventh Edition, by Beechy, Trivedi and MacAulay to post this material
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2. Contents
Chapter 1: Setting the Stage 1
Chapter 2: Intercorporate Equity Investments: An Introduction 25
Chapter 3: Business Combinations 83
Chapter 4: Wholly Owned Subsidiaries: Reporting Subsequent to
Acquisition 139
Chapter 5: Consolidation of Non-Wholly Owned Subsidiaries 212
Chapter 6: Subsequent-Year Consolidations: General Approach 290
Chapter 7: Segment and Interim Reporting 375
Chapter 8: Foreign Currency Transactions and Hedges 389
Chapter 9: Reporting Foreign Operations 436
Chapter 10: Financial Reporting for Not-for-Profit Organizations 483
Chapter 11: Public Sector Financial Reporting 529
Copyright © 2014 Pearson Canada Inc.