This text is now available in a new edition – Please see ISBN 007091835XCanadian accounting standards are converging with International Accounting Standards in an effort to harmonize the many different standards that have previously existed world wide. Though the final implications won’t be seen until 2011, Hilton/Herauf's well deserved reputation for being the most current, concise, and technically accurate advanced accounting text on the market is maintained in this new edition. The authors have made every effort to illustrate and explain the requirements of the current standards at the time of publication, anticipating how these might change, what the effects of the changes are, and what this means to the industry, professionals, and students.
Hilton/Herauf's hallmark approach is maintained in the Fifth edition. This emphasis on the direct approach of preparing consolidated financial statements along with the "building block" development of the basics of consolidations has been further strengthened. The working paper approach is also provided in appendices at the end of the chapter where applicable.
Finally, as requested by instructors, additional problem material has been included in this edition to assist students with studying: a discussion question can be found in each chapter to encourage critical thinking and classroom analysis; one new case and 2 new problems for each chapter have been added; and even more problems and questions can be found online for additional study.
Murray Hilton holds the rank of Senior Scholar at the University of Manitoba where he has continued to teach in the MBA programs since his retirement in 2002. For thirty-five years he was Professor of Accounting at the university’s Asper School of Business, teaching graduate and undergraduate courses in financial accounting. A Chartered Accountant with business degrees from the University of Saskatchewan and Oregon State University, he has published five advanced accounting books. In addition, he has been active in university and faculty administration, having previously served as Head of the Department of Accounting and Finance and as Director of the Master of Accountancy Program. He is currently the Director of the Centre for Accounting Research and Education. Murray has also been very involved in the accounting profession, teaching CA and CMA courses for many years, and serving on numerous national and provincial committees of both accounting bodies. He has on two separate occasions been a member of the National Examination Board of the Society of Management Accountants of Canada. In 1991, he received the FCA designation from the Institute of Chartered Accountants of Manitoba, and in 1994 he was made an honorary member of the Society of Management Accountants of Manitoba. For relaxation, he enjoys reading, golfing, and fishing.
Darrell Herauf teaches graduate and undergraduate courses in financial and managerial accounting at the Eric Sprott School of Business, Carleton University. A Chartered Accountant and a Certified General Accountant with a business degree from the University of Saskatchewan, this co-author of Modern Advanced Accounting in Canada is also the author of testbanks for several financial accounting textbooks. He is the recipient of numerous teaching awards, and participates on many committees at the university. Darrell has been involved in professional accounting education at the Institute of Chartered Accountants of Ontario for over 20 years in a variety of roles, including teaching, developing case/program material, and serving as a member of the Examinations subcommittee. For more than 15 years, he has been involved with the Certified General Accountants Association of Canada as national examiner, course author, and consultant. For relaxation, he enjoys cycling and skating.
