one fet being source to drain and the other drain to source
Mosfets don't care about the direction of current flow (well apart from the body diode of course), they care only about the relationship between their gate and source.
See quick demonstration. Imagine the top power rail is your battery, the bottom switched one is your power supply (don't worry about the voltages, just don't have a logic-level fet in that software)
http://youtu.be/A2euWvTVjAMFirst I show that with the series P-fets with one upside down (the lower one) if the external power is switched on, current can not flow backwards through the fets into the battery.
Then I show if that bottom fet was not in place (by me bypassing it), then current can freely flow back through that body diode of the first fet.
Now, it has to be said, that theory and practice can be two different things in this case, try it for real, with real parts, and things may not be quite so easy.
There are IC's out there that do this function for you.