Book description
The most practical, authoritative guide to GAAP
Wiley GAAP 2008 delivers the most recent professional standards
developments, in addition to detailed analysis of all generally
accepted accounting principles (GAAP), explaining the original,
highly technical pronouncements in easy-to-understand terms and
providing battle-tested, real-world examples and implementation
guidance. Wiley GAAP 2008 contains a host of completely updated
examples.
This annual publication offers expert interpretation and
explanation of all accounting principles currently effective or
being deliberated in one single book. The authors provide clear,
user-friendly guidance on every pronouncement including FASB
Technical Bulletins, AcSEC Practice Bulletins, FASB Implementation
Guides, AICPA Statements of Position, and AICPA Accounting
Interpretations.
All pronouncements are explained with relevant terminology and
practice-oriented real-world examples. Each chapter is composed of
a discussion of perspectives and issue, sources of GAAP, a
definition of terms, concepts, rules and examples, and for some
chapters, specific appendices. Wiley GAAP 2008 contains a detailed
index for easy reference use.
Barry J. Epstein (Chicago, IL) is a partner with Russell Novak
& Company, LLP, where he specializes in technical consultation
on accounting and auditing matters, litigation consulting, and
corporate governance. Ralph Nach (Chicago, IL) is a partner in the
National Office of Audit and Accounting of McGladrey & Pullen,
LLP, where he specializes in technical consultation and continuing
professional education. Steven M. Bragg (Centennial, CO) has been
the chief financial officer or controller of four companies, as
well as a consulting manager at Ernst & Young. He is the author
of 27 books published by Wiley.
Table of contents
- Copyright
- About The Authors
- Preface
- Authoritative Accounting Pronouncements
- Researching GAAP Matters
- Balance Sheet
- Statements of Income and Comprehensive Income
- Statement of Cash Flows
- Accounting Policies, Changes, and Restatements
- Fair Value
- Cash, Receivables, and Prepaid Expenses
- Short‐Term Investments and Financial Instruments
- Inventory
-
Revenue Recognition—Evolving Principles and Specialized Applications
- Revenue Recognition — General Principle
- Long‐Term Construction Contracts. Perspective and Issues
- Service Revenues: Perspective and Issues
- Definitions of Terms
- Concepts, Rules, and Examples
- Sales When Collection is Uncertain Perspective and Issues
- Definitions of Terms
- Concepts, Rules, and Examples
- Revenue Recognition When Right of Return Exists Perspective and Issues
- Definitions of Terms
- Concepts, Rules, and Examples
- Profit Recognition on Real Estate Sales Perspective and Issues
- Definitions of Terms
- Concepts, Rules, and Examples
- Real Estate Operations: Perspective and Issues
- Definitions of Terms
- Concepts, Rules, and Examples
- Franchising: Accounting by Franchisors: Perspective and Issues
- Definitions of Terms
- Concepts and Rules
- Other Special Accounting and Reporting Issues
- Endnotes
- Long‐Lived Assets
- Long‐Term Investments
- Business Combinations and Consolidated Financial Statements
- Current Liabilities and Contingencies
- Long‐Term Liabilities
- Leases
- Income Taxes
- Pensions and other Postretirement Benefits
- Stockholders' Equity
- Earnings Per Share
- Interim Reporting
- Segment Reporting
- Foreign Currency
- Personal Financial Statements
-
Specialized Industry GAAP
- Banking and Thrift Perspective and Issues
- Definitions of Terms
- Concepts, Rules, and Examples
- Broadcasting: Perspective and Issues
- Definitions of Terms
- Concepts, Rules, and Examples
- Cable Television: Perspective and Issues
- Definitions of Terms
- Concepts, Rules, and Examples
- Computer Software Developers: Perspective and Issues
- Definitions of Terms
- Concepts, Rules, and Examples
- Employee Benefit Plans, Including Pension Funds Perspective and Issues
- Definitions of Terms
- Concepts, Rules, and Examples
- Finance Companies: Perspective and Issues
- Definitions of Terms
- Concepts, Rules, and Examples
- Government Contractors Perspective and Issues
- Definitions of Terms
- Concepts, Rules, and Examples
- Insurance: Perspective and Issues
- Concepts, Rules, and Examples
- Investment Companies: Perspective and Issues
- Definitions of Terms
- Concepts, Rules, and Examples
- Mortgage Banking: Perspective and Issues
- Definitions of Terms
- Concepts, Rules, and Examples
- Motion Pictures: Perspective and Issues
- Definitions of Terms
- Concepts, Rules, and Examples
- Not‐For‐Profit Organizations: Perspective and Issues
- Definition of Terms
- Concepts, Rules, and Examples
- Oil and Gas Producers: Perspective and Issues
- Concepts, Rules, and Examples
- Recording and Music: Perspective and Issues
- Definitions of Terms
- Concepts, Rules, and Examples
- Regulated Operations: Perspective and Issues
- Concepts, Rules, and Examples
- Title Plant: Perspective and Issues
- Definitions of Terms
- Concepts, Rules, and Examples
- Endnotes
- Disclosure Checklist
- International vs. US Accounting Standards
Product information
- Title: Wiley GAAP 2008
- Author(s):
- Release date: October 2007
- Publisher(s): Wiley
- ISBN: 9780470135136
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