New Features:

McGraw-Hill Connect Accounting and Connect Plus Accounting: This edition will include Connect and Connect Plus. We are planning to have at least static ready problems available for fall 2010. Updates will be provided to you on this development throughout the spring semester.

Updated Accounting Standards: Overall, the Tenth Edition of the text provides updated accounting standards references to the new Financial Accounting Standard Board (FASB) Accounting Standards Codification (ASC).

New Learning Objectives: Each chapter now includes Learning Objectives which are designated in the margin at the point which the coverage of that particular learning objective begins. The End of Chapter material has also been tagged by Learning Objective.

Updated and New Information of IFRS: With IFRS being one of the hot/trendy topics in the Accounting discipline, the authors have updated and added relevant information on IFRS. This includes:

• New coverage comparing US GAAP to the IFRS Standing Interpretation Committee document No. 12 on consolidating special purpose entities.
• New coverage comparing US GAAP to IFRS treatment of consolidating indirectly subsidiaries and International Accounting Standard 12 on accounting for income taxes.
• Sections on IFRS-Segment Reporting and IFRS-Interim Reporting.
• A section on IFRS-Foreign Currency, Transactions and Hedges.
• A section on IFRS-Translation of Foreign Currency Financial Statements.
• An updated subsection on Use of IFRS and section on FASB-IASB Convergence.
• A section on SEC Acceptance of IFRS, which includes a discussion of the SEC’s “Roadmap for the Potential Use of Financial Statements Prepared in Accordance with International Financial Reporting Standards by U.S. Issuers.
• A section on First-Time Adoption of IFRS, which includes a discussion of the IASB’s accounting policy hierarchy; this section also provides an example of disclosures made by a European company upon its first-time adoption of IFRS.
• SEC’s IFRS Roadmap has been added to the end-of-chapter Communication Case.

New coverage of International Accounting Standards: This edition provides new coverage of International Accounting standards with comparison to US GAAP. The updated International Standards include International Accounting Standard 3, 12, and 28.

New Real World References and Scenarios: The Tenth Edition has additional new real-world scenarios which makes the text the most relevant in the market. New real world references include financial reporting examples for contingent consideration, new real-world references to TicketMaster and Meade, International, and a new case using the Sprint-Nextel business combination. This new case includes questions on comparisons with IFRS.

Updated text material for changes in tax law: References to the Uniform Partnership Act have been updated to take in the current changes that are taking place. This makes the material presented to the students more relevant than any Advanced Accounting textbook in the market.

Retained Features:

Real-world examples: Students are better able to relate what they learn to what they will encounter in the business world after reading these frequent examples. Quotations, articles, and illustrations from Forbes, The Wall Street Journal, and Business Week are incorporated throughout the text. This allows students to make connections with today’s business environment.

Discussion questions: This feature facilitates student understanding of the underlying accounting principles at work in particular reporting situations. Similar to minicases, these questions help explain the issue at hand in practical terms.

End-of-chapter materials: End-of-chapter materials offer a wide variety of assignments to reinforce important concepts for students. This features expands the students’ knowledge of chapter concepts:

• Excel Spreadsheet Assignments extend specific problems and are located on the book’s Web site. An Excel icon appears next to those problems that have corresponding spreadsheet assignments.
• Icons identify which of the four CPA skills the question tests (research, analysis, judgment, or communication) at the end of chapters. This is titled Develop Your Skills which is part of the EOC. Built by Kaplan CPA Review, these web-based simulation exercises allow students to practice textbook concepts in an interface identical to that of the actual CPA exam, ensuring they’ll be ready when they sit for the real thing.
• CPA Simulations: Hoyle’s CPA Simulations, powered by Kaplan, are integrated throughout the textbook. Simulations are set up in the text and completed online at the book’s Web site, www.mhhe.com/hoyle10e. This allows students to practice advanced accounting concepts in a Web-Based interface identical to what is used in the actual CPA exam.
• Library assignments: Library assignments require research and teach students how to find and use information.
• Computer projects on consolidations are included throughout the text.
• Where appropriate within the body of the text, the controversial side of accounting is acknowledged by exploring debates regarding financial reporting and sharing dissenting opinions of official pronouncements.