Book description
Featuring the latest ASUs through the date of publication, this broad-ranging book covers FASB accounting and reporting developments that apply to all companies. Emphasizing financial statement disclosures in addition to accounting methods, the author presents implementation guidelines and disclosure illustrations from actual financial statements.
Key topics include:
- The financial reporting environment
- Summary of recent FASB releases
- Accounting and reporting topics common to most entities, including the following:
- Recognizing revenue under the new standard
- The new leasing model
- Fair value accounting
- Inventory
- Property, plant, and equipment – including capitalized interest and nonmonetary transactions
- Accounting for debt
- Accounting for income taxes
- Financial statement presentation and notes disclosures
- The financial statements
Table of contents
- Cover
- Chapter 1: The Financial Reporting Environment
- Chapter 2: Summary of Recent Accounting Standards Updates
- Chapter 3: Accounting Guidance on the Horizon
- Chapter 4: Recognizing Revenue Under the New Standard: Core Principles and Resources
- Chapter 5: The New Leasing Model
- Chapter 6: Fair Value Accounting
- Chapter 7: Inventory
- Chapter 8: Property, Plant, and Equipment — Including Capitalized Interest and Nonmonetary Transactions
- Chapter 9: Accounting for Debt
- Chapter 10: Accounting for Income Taxes
- Chapter 11: Financial Statement Presentation and Notes Disclosures
- Chapter 12: The Financial Statements
- Accounting and Auditing Glossary
- Index
- Solutions
- End User License Agreement
Product information
- Title: Common U.S. GAAP Issues Facing Accountants, 2nd Edition
- Author(s):
- Release date: July 2020
- Publisher(s): Wiley
- ISBN: 9781119743408
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