Help advanced accounting students master both theory and practice with Fischer/Taylor/Cheng’s ADVANCED ACCOUNTING, 12TH EDITION. This leading approach offers the most authoritative, comprehensive coverage of advanced accounting topics available. This edition explores the latest FASB statements and their impact on consolidations. The authors combine sound theoretical foundations with a hands-on approach using examples common in today’s accounting. A focus on conceptual understanding and proven presentation clarify even the most complex topics. This is the text to use for a horizontal approach to consolidations, the format most commonly used in today’s business world. This is also a trusted preparation resource for the CPA exam.