Perspectives and Issues

What is GAAP?

Definitions of Terms

Concepts, Rules, and Examples

History of GAAP

Pre Codification GAAP Hierarchy

Other sources

GAAP Codification

Standards-setting Process

Emerging Issues Task Force

Accounting Standards Updates

Maintenance Updates

American Institute of Certified Public Accountants

Researching GAAP Problems

Codification Structure

Research Procedures

Step 1: Identify the Problem

Step 2: Analyze the Problem

Step 3: Refine the Problem Statement

Step 4: Identify Plausible Alternatives

Step 5: Develop a Research Strategy

Step 6: Search Authoritative Literature

Step 7: Evaluation

Search Authoritative Literature (Step 6)—Further Explanation

Researching Wiley GAAP

Researching nonpromulgated GAAP

Internet-based research sources

The Concept of Materiality

The Conceptual Framework

Components of the conceptual framework

CON 8: Conceptual Framework for Financial Reporting

CON 8—Chapter 1: The Objective of General Purpose Financial Reporting

CON 8—Chapter 3: Qualitative Characteristics of Useful Financial Information.

CON 5: Recognition and Measurement in Financial Statements of Business Enterprises

CON 6: Elements of Financial Statements

Definitions of terms

Elements of not-for-profit financial statements

CON 7: Using Cash Flow Information and Present Value in Accounting Measurements

How CON 7 measures differ from previously utilized present value techniques

Measuring liabilities

Interest method of allocation ...

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