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Accountants' Handbook, Volume One, Financial Accounting and General Topics, 12th Edition

by D. R. Carmichael, Lynford Graham

June 2012

Intermediate to advanced

944 pages

44h 11m

English

Wiley

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1.1 Role of Financial Accounting and Auditing in the U.S. Economy1.2 Accounting Standards in the United States1.3 Role of the Securities and Exchange Commission1.4 Financial Accounting Standards Board1.5 Governmental Accounting Standards Board1.6 Federal Accounting Standards Advisory Board1.7 American Institute of Certified Public Accountants1.8 U.S. Auditing Standards1.9 Public Company Accounting Oversight Board1.10 American Institute of Certified Public Accountants1.11 State Boards and Other Organizations1.12 Government Accountability Office1.13 Role of International Financial Accounting and Auditing Institutions1.14 International Accounting Standards Board1.15 International Organization of Securities Commissions1.16 European Union1.17 International Auditing—International Federation of Accountants1.18 Summary and Commentary1.19 Additional Reading1.20 Selected Web Sites
2.1 Financial Accounting and Reporting2.2 Why We Have a Conceptual Framework2.3 Financial Accounting Standards Board's Conceptual Framework
3.1 Introduction3.2 Necessary Transition Period3.3 Case for Adopting One Set of Principles-Based Standards3.4 Historical Perspective3.5 Formation and Structure of the IASB3.6 Structure and Process of the IASB3.7 Standards in Force3.8 Impediments to Implementation3.9 Myths and Misconceptions about International Standards3.10 Sources and Suggested References

4.1 Introduction4.2 Principles Underlying Financial Statements4.3 Balance Sheet4.4 Income Statement4.5 Statement of Stockholders' Equity4.6 Statement of Cash Flows4.7 Articulation of Financial Statements4.8 Financial Statement Disclosure4.9 Limitations of Financial Statements4.10 International Perspective4.11 References to the Historical Accounting Literature
5.1 Securities and Exchange Commission5.2 Securities Act of 19335.3 Securities Exchange Act of 19345.4 Form 10-K and Regulations S-X and S-K5.5 Form 10-Q5.6 Form 8-K5.7 Proxy Statements
6.1 Overview6.2 Current Guidance6.3 Related Accounting Literature6.4 External Auditor Involvement
7.1 Introduction7.2 Definition of Internal Control7.3 Management's Required Reports on Internal Control7.4 Management Certifications7.5 Independent Auditor's Responsibilities7.6 Audit Standards7.7 Top-Down, Risk-Based Approach for Evaluating Internal Control7.8 Coordinating with the Independent Auditors7.9 A New Era
8.1 Background8.2 Scope8.3 Acquisition Method of Accounting8.4 Leveraged Buyout8.5 Sources and Suggested References
9.1 Overview9.2 Foreign Currency Translation9.3 Equity Method9.4 Historical Summary of Major Pronouncements9.5 Sources and Suggested References
10.1 Scope of Financial Statement Analysis10.2 Income Statement Analysis10.3 Accounting and Reporting Issues10.4 Balance Sheet Analysis10.5 Cash Flow Analysis10.6 Integrated Analysis of Financial Statements10.7 Fixed Income Analysis10.8 Finance Company Debt Analysis10.9 Key Ratios10.10 Sources and Suggested References
11.1 Introduction to Cash11.2 Accounting for and Reporting Cash11.3 Loans11.4 Debt Securities11.5 Equity Securities11.6 Sources and Suggested References
12.1 Nature and Measurement of Revenue12.2 Nature and Significance of Receivables12.3 Criteria for Recognizing Revenue12.4 Types of Revenue Transactions12.5 Revenue Adjustments and Aftercosts12.6 Ancillary Revenue12.7 Statement Presentation12.8 Sources and Suggested References
13.1 Overview13.2 Essential Inventory Concepts13.3 Types of Inventory13.4 Determining Physical Quantities13.5 Valuation Methods13.6 Flow of Costs13.7 Control Objectives and Procedures13.8 Financial Statement Disclosure Requirements13.9 International Standards on Inventory Accounting13.10 Sources and Suggested References
14.1 Characterization of Intangible Assets14.2 Accounting and Financial Management Overview14.3 Initial Recognition and Measurement of Intangible Assets14.4 Accounting for Intangible Assets14.5 Certain Identifiable Intangible Assets14.6 Intangible Assets in Specialized Industries14.7 Accounting for Goodwill14.8 Deferred Income Taxes14.9 Financial Statement Presentation14.10 Disclosures14.11 Effective Date and Transition Provisions of SFAS No. 142 (ASC 350)14.12 Sources and Suggested References
15.1 Introduction and Background Information15.2 Accounting Issues and Pronouncements15.3 Operating Leases15.4 Capital Leases15.5 Direct Financing Leases15.6 Sales-Type Leases15.7 Sale or Assignment of a Lease or of Property Subject to a Lease Accounted for as a Sales-Type or Direct Financing Lease15.8 Leveraged Leases15.9 Real Estate Leases15.10 Selected Issues in Lease Accounting15.11 Examples of Lease Disclosure15.12 FASB Adds Lease Accounting Back on Its Agenda15.13 Sources and Suggested References
16.1 Nature of Property, Plant, and Equipment16.2 Cost16.3 Impairment of Value16.4 Expenditures During Ownership16.5 Disposals16.6 Asset Retirement Obligations16.7 Depreciation16.8 Service Life16.9 Depreciation Base16.10 Depreciation Methods16.11 Depreciation Rates16.12 Depreciation for Tax Purposes16.13 Financial Statement Presentation and Disclosure16.14 Sources and Suggested References
17.1 Accounting Recognition of Income Taxes17.2 Applying FASB ASC 74017.3 FASB ASC 740-10: Accounting for Uncertainty in Income Taxes17.4 Financial Reporting17.5 Accounting for Income Taxes in Interim Periods17.6 International Financial Reporting Standards17.7 Sources and Suggested References17.8 Valuable Web Sites
18.1 Nature of Liabilities18.2 Interest18.3 Current Liabilities18.4 Nature and Issue of Bonds Payable18.5 Bond Interest Payments, Premium, and Discount Amortization18.6 Bond Redemption, Refunding, and Conversion18.7 Statement Presentation of Long-Term Debt18.8 Other Long-Term Liabilities18.9 Financial Instruments With Characteristics of Both Liabilities and Equity18.10 Restructuring and Extinguishment of Liabilities18.11 Accounting for Selected Financing Instruments18.12 Fair Value Option18.13 International Perspective18.14 Predecessor Literature and Other Reference Materials
19.1 The Corporation19.2 Shares of Stock19.3 Issuance of Stock19.4 Common Stock Adjustments19.5 Reacquisition and Retirement of Capital Stock19.6 Share-Based Payments19.7 Retained Earnings19.8 Other Items Affecting Stockholders' Equity19.9 Disclosure of Information about Capital Structure19.10 Sources and Suggested References
20.1 Nature and Organization of The Partnership Entity20.2 Accounting for Partnership Operations20.3 Accounting for Changes in Firm Membership20.4 Incorporation of a Partnership20.5 Partnership Realization and Liquidation20.6 Limited Partnerships20.7 Nonpublic Investment Partnerships20.8 Joint Ventures20.9 Sources and Suggested References
21.1 Types of Prospective Financial Statements21.2 Limitations on the Use of Prospective Financial Statements21.3 Developing Prospective Financial Statements21.4 Presentation and Disclosure of Prospective Financial Statements21.5 Types of Accountants' Services21.6 Compilation Services21.7 Examination Services21.8 Agreed-Upon Procedures21.9 Internal Use Services21.10 Sources and Suggested References

Overview

This highly regarded reference is relied on by a considerable part of the accounting profession in their day-to-day work. This comprehensive resource is widely recognized and relied on as a single reference source that provides answers to all reasonable questions on accounting and financial reporting asked by accountants, auditors, bankers, lawyers, financial analysts, and other preparers and users of accounting information. The new edition reflects the new FASB Codification, and includes expanded coverage of fair value and guidance on developing fair value estimates, fraud risk and exposure, healthcare, and IFRS.

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Accountants' Handbook Volume One: Financial Accounting and General Topics, Eleventh Edition

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ISBN: 9781118252871Purchase book

Accountants' Handbook, Volume One, Financial Accounting and General Topics, 12th Edition

by D. R. Carmichael, Lynford Graham

Overview

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Overview

Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,and much more.

You might also like

Accountants' Handbook Volume One: Financial Accounting and General Topics, Eleventh Edition

Accountants' Handbook Volume Two: Special Industries and Special Topics, Eleventh Edition

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Intermediate Accounting, 15th Edition

Publisher Resources

Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.