Wiley GAAP 2016

Wiley GAAP 2016

by Joanne M. Flood
Released November 2015
Publisher(s): Wiley
ISBN: 9781119106067

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Book description

The complete, cross-referenced GAAP guide, with illustrations, explanations, and examples

Wiley GAAP 2016 contains the most comprehensive coverage of all GAAP pronouncements in a single volume, providing professionals with a complete reference to the entire GAAP hierarchy. This new edition includes the latest updates to the standards, along with AICPA ASEC statements of position and a comprehensive cross-reference of accounting topics to the new FASB codification system. All pronouncements are fully explained in detail, including terminology, and practice exercises demonstrate real-world application. Each chapter includes a discussion of perspectives and issues, sources of GAAP, definitions, concepts, rules, and examples, with specific appendices where applicable. This useful guide contains numerous examples and illustrations, and all original pronouncements are referenced to the FASB Current Text.

GAAP is constantly being updated, and users require expert interpretation and explanation of relevant principles with every new pronouncement. This book provides clear, comprehensive guidance, including FASB Technical Bulletins, AcSEC Practice Bulletins, FASB Implementation Guides, and AICPA Statements of Position and Accounting Interpretations. Readers will:

  • Refer to GAAP standards and ASEC statements
  • Understand relevant terminology, concepts, and rules
  • Study detailed examples to gain a solid working knowledge of the standards
  • Gain confidence by practicing GAAP applications before using it in the field

This guide represents the most complete, comprehensive GAAP reference available, and the digital format allows for instant access to information through the point-and-click Index and Table of Contents. A thorough study and analysis of all US Generally Accepted Accounting Principles, Wiley GAAP 2016 is the essential reference.

Table of contents

  1. Cover
  2. Series Page
  3. Title Page
  4. Copyright
  5. Preface
  6. About the Author
  7. Codification Taxonomy
  8. Chapter 1: ASC 105 Generally Accepted Accounting Principles
    1. Perspectives and Issues
    2. Definitions of Terms
    3. Concepts, Rules, and Examples
  9. Chapter 2: ASC 205 Presentation of Financial Statements
    1. Perspective and Issues
    2. Definitions of Terms
    3. Concepts, Rules, and Examples
    4. ASC 205-30, Liquidation Basis of Accounting
  10. Chapter 3: ASC 210 Balance Sheet
    1. Perspective and Issues
    2. Definitions of Terms
    3. Concepts, Rules, and Examples
  11. Chapter 4: ASC 215 Statement of Shareholder Equity
    1. Perspective and Issues
  12. Chapter 5: Asc 220 Comprehensive Income
    1. Perspective and Issues
    2. Definitions of Terms
    3. Concepts, Rules, and Examples
  13. Chapter 6: Asc 225 Income Statement
    1. Perspective and Issues
    2. Definitions of Terms
    3. Concepts, Rules, and Examples
  14. Chapter 7: Asc 230 Statement of Cash Flows
    1. Perspective and Issues
    2. Definitions of Terms
    3. Concepts, Rules, and Examples
  15. Chapter 8: ASC 235 Notes to Financial Statements
    1. Perspective and Issues
    2. Definitions of Terms
    3. Concepts, Rules, and Examples
  16. Chapter 9: ASC 250 Accounting Changes and Error Corrections
    1. Perspective and Issues
    2. Definitions of Terms
    3. Concepts, Rules, and Examples
  17. Chapter 10: ASC 255 Changing Prices
    1. Perspective and Issues
    2. Definitions of Terms
    3. Concepts, Rules, and Examples
  18. Chapter 11: ASC 260 Earnings Per Share
    1. Perspective and Issues
    2. Definitions of Terms
    3. Concepts, Rules, and Examples
    4. Comprehensive Example
  19. Chapter 12: ASC 270 Interim Reporting
    1. Perspective and Issues
    2. Definitions of Terms
    3. Concepts, Rules, and Examples
    4. Part I—Requirements Applicable to all Reporting Entities
    5. Part II—Requirements Applicable to Public Reporting Entites
  20. Chapter 13: ASC 272 Limited Liability Entities
    1. Perspective and Issues
    2. Definitions of Terms
    3. Concepts, Rules, and Examples
  21. Chapter 14: ASC 274 Personal Financial Statements
    1. Perspective and Issues
    2. Definitions of Terms
    3. Concepts, Rules, and Examples
  22. Chapter 15: ASC 275 Risks and Uncertainties
    1. Perspective and Issues
    2. Definitions of Terms
    3. Concepts, Rules, and Examples
  23. Chapter 16: ASC 280 Segment Reporting
    1. Perspective and Issues
    2. Definitions of Terms
    3. Concepts, Rules, and Examples
  24. Chapter 17: ASC 305 Cash and Cash Equivalents
    1. Perspective and Issues
    2. Definitions of Terms
    3. Concepts, Rules, and Examples
  25. Chapter 18: ASC 310 Receivables
    1. Perspective and Issues
    2. Definitions of Terms
    3. Concepts, Rules, and Examples
  26. Chapter 19: ASC 320 Investments—Debt and Equity Securities
    1. Perspective and Issues
    2. Definitions of Terms
    3. Concepts, Rules, and Examples
  27. Chapter 20: ASC 323 Investments—Equity Method and Joint Ventures
    1. Perspective and Issues
    2. Definitions of Terms
    3. Concepts, Rules, and Examples
  28. Chapter 21: ASC 325 Investments—Other
    1. Perspective and Issues
    2. Definitions of Terms
    3. Concepts, Rules, and Examples
  29. Chapter 22: ASC 330 Inventory
    1. Perspective and Issues
    2. Definitions of Terms
    3. Concepts, Rules, and Examples
  30. Chapter 23: ASC 340 Other Assets and Deferred Costs
    1. Perspective and Issues
    2. Definitions of Terms
    3. Concepts, Rules, and Examples
  31. Chapter 24: ASC 350 Intangibles—Goodwill and Other
    1. Perspective and Issues
    2. Definitions of Terms
    3. Concepts, Rules, and Examples
  32. Chapter 25: ASC 360 Property, Plant, and Equipment
    1. Perspective and Issues
    2. Definitions of Terms
    3. Concepts, Rules, and Examples
  33. Chapter 26: ASC 405 Liabilities
    1. Perspective and Issues
    2. Definitions of Terms
    3. Concepts, Rules, and Examples
  34. Chapter 27: ASC 410 Asset Retirement and Environmental Obligations
    1. Perspective and Issues
    2. Definitions of Terms
    3. Concepts, Rules, and Examples
  35. Chapter 28: ASC 420 Exit or Disposal Cost Obligations
    1. Perspective and Issues
    2. Definitions of Terms
    3. Concepts, Rules, and Examples
  36. Chapter 29: ASC 430 Deferred Revenue
  37. Chapter 30: ASC 440 Commitments
    1. Perspective and Issues
    2. Definitions of Terms
    3. Concepts, Rules, and Examples
  38. Chapter 31: ASC 450 Contingencies
    1. Perspective and Issues
    2. Definitions of Terms
    3. Concepts, Rules, and Examples
  39. Chapter 32: ASC 460 Guarantees
    1. Perspective and Issues
    2. Definitions of Terms
    3. Concepts, Rules, and Examples
  40. Chapter 33: ASC 470 Debt
    1. Perspective and Issues
    2. Definitions of Terms
    3. Concepts, Rules, and Examples
  41. Chapter 34: ASC 480 Distinguishing Liabilities from Equity
    1. Perspective and Issues
    2. Definitions of Terms
    3. Concepts, Rules, and Examples
  42. Chapter 35: ASC 505 Equity
    1. Perspective and Issues
    2. Definitions of Terms
    3. Concepts, Rules, and Examples
  43. Chapter 36: ASC 605 Revenue Recognition
    1. Revenue Recognition—General Principles
    2. Long-Term Construction Contracts (ASC 605-35)
    3. Perspective and Issues
    4. Definitions of Terms
    5. Concepts, Rules, and Examples
    6. Service Revenues (ASC 605-20 AND ASC 605-45)
    7. Perspective and Issues
    8. Definitions of Terms
    9. Concepts, Rules, and Examples
    10. Sales When Collection is Uncertain
    11. Perspective and Issues
    12. Definitions of Terms
    13. Concepts, Rules, and Examples
    14. Revenue Recognition When Right of Return Exists (ASC 605-15)
    15. Perspective and Issues
    16. Definitions of Terms
    17. Concepts, Rules, and Examples
    18. Revenue Arrangements with Multiple Deliverables (ASC 605-25)
    19. Perspective and Issues
    20. Other Special Accounting and Reporting Issues
    21. Appendix—Overview of ASC 6062
  44. Chapter 37: ASC 705 Cost of Sales and Services
    1. Perspective and Issues
    2. Definitions of Terms
    3. Concepts, Rules, and Examples
  45. Chapter 38: ASC 710 Compensation—General
    1. Perspective and Issues
    2. Definitions of Terms
    3. Concepts, Rules, and Examples
  46. Chapter 39: ASC 712 Compensaton—Nonretirement Post-Employment Benefits
    1. Perspective and Issues
    2. Definitions of Terms
    3. Concepts, Rules, and Examples
  47. Chapter 40: ASC 715 Compensation—Retirement Benefits
    1. Perspective and Issues
    2. Definitions of Terms
    3. Concepts, Rules, and Examples
  48. Chapter 41: ASC 718 Compensation—Stock Compensation
    1. Perspective and Issues
    2. Definitions of Terms
    3. Concepts, Rules, and Examples
  49. Chapter 42: ASC 720 Other Expenses
    1. Perspective and Issues
    2. Definitions of Terms
    3. Concepts, Rules, and Examples
  50. Chapter 43: ASC 730 Research and Development
    1. Perspective and Issues
    2. Definitions of Terms
    3. Concepts, Rules, and Examples
  51. Chapter 44: ASC 740 Income Taxes
    1. Perspective and Issues
    2. Definitions of Terms
    3. Concepts, Rules, and Examples
  52. Chapter 45: Asc 805 Business Combinations
    1. Perspective and Issues
    2. Definitions of Terms
    3. Concepts, Rules, And Examples
  53. Chapter 46: ASC 808 Collaborative Arrangements
    1. Perspective and Issues
    2. Definitions of Terms
    3. Concepts, Rules, and Examples
  54. Chapter 47: Asc 810 Consolidations
    1. Perspective and Issues
    2. Definitions of Terms
    3. Consolidation Models—Introduction and Background
    4. The Vie Model
    5. Voting Interest Model
  55. Chapter 48: ASC 815 Derivatives and Hedging
    1. Perspective and Issues
    2. Definitions of Terms
    3. Concepts, Rules, and Examples
  56. Chapter 49: ASC 820 Fair Value Measurements
    1. Perspective and Issues
    2. Definitions of Terms
    3. Concepts, Rules, and Examples
  57. Chapter 50: ASC 825 Financial Instruments
    1. Perspective and Issues
    2. Definitions of Terms
    3. Concepts, Rules, and Examples
  58. Chapter 51: ASC 830 Foreign Currency Matters
    1. Perspective and Issues
    2. Definitions of Terms
    3. Concepts, Rules, and Examples
    4. Accounts to be Remeasured Using Historical Exchange Rates
  59. Chapter 52: ASC 835 Interest
    1. Perspective and Issues
    2. Definitions of Terms
    3. Concepts, Rules, and Examples
  60. Chapter 53: ASC 840 Leases
    1. Perspective and Issues
    2. Definitions of Terms
    3. Concepts, Rules, and Examples
  61. Chapter 54: ASC 845 Nonmonetary Transactions
    1. Perspective and Issues
    2. Definitions of Terms
    3. Concepts, Rules, and Examples
  62. Chapter 55: ASC 850 Related-Party Disclosures
    1. Perspective and Issues
    2. Definitions of Terms
    3. Concepts, Rules, and Examples
  63. Chapter 56: ASC 852 Reorganizations
    1. Perspective and Issues
    2. Definitions of Terms
    3. Concepts, Rules, and Examples
  64. Chapter 57: ASC 853 Service Concession Arrangements
    1. Perspective and Issues
    2. Definitions of Terms
    3. Concepts, Rules, and Examples
  65. Chapter 58: ASC 855 Subsequent Events
    1. Perspective and Issues
    2. Definitions of Terms
    3. Concepts, Rules, and Examples
  66. Chapter 59: Asc 860 Transfers and Servicing
    1. Perspective and Issues
    2. Definitions of Terms
    3. Concepts, Rules, and Examples
  67. Chapter 60: ASC 900S Specialized Industry GAAP
    1. Contractors—Federal Government (ASC 912)
    2. Perspective and Issues
    3. Definitions of Terms
    4. Concepts, Rules, and Examples
    5. Development Stage Enterprises (ASC 915)
    6. Entertaintment—Broadcasters (ASC 920)
    7. Perspective and Issues
    8. Definitions of Terms
    9. Concepts, Rules, and Examples
    10. Entertainment—Cable Television (ASC 922)
    11. Perspective and Issues
    12. Definitions of Terms
    13. Concepts, Rules, and Examples
    14. Entertainment—Casinos (ASC 924)
    15. Perspective and Issues
    16. Definitions of Terms
    17. Concepts, Rules, and Examples
    18. Entertainment—Film (ASC 926)
    19. Perspective and Issues
    20. Definitions of Terms
    21. Concepts, Rules, and Examples
    22. Entertainment—Music (ASC 928)
    23. Perspective and Issues
    24. Definitions of Terms
    25. Concepts, Rules, and Examples
    26. Extractive Activities—Oil and Gas (ASC 932)
    27. Perspective and Issues
    28. Concepts, Rules, and Examples
    29. Financial Services—Depository and Lending (ASC 942)
    30. Perspective and Issues
    31. Definitions of Terms
    32. Concepts, Rules, and Examples
    33. Financial Services—Insurance (ASC 944)
    34. Perspective and Issues
    35. Concepts, Rules, and Examples
    36. Financial Services—Investment Companies (ASC 946)
    37. Perspective and Issues
    38. Definitions of Terms
    39. Concepts, Rules, and Examples
    40. Financial Services—Mortgage Banking (ASC 948)
    41. Perspective and Issues
    42. Definitions of Terms
    43. Concepts, Rules, and Examples
    44. Financial Services—Title Plant (ASC 950)
    45. Perspective and Issues
    46. Definitions of Terms
    47. Concepts, Rules, and Examples
    48. Franchisors (ASC 952)
    49. Perspective and Issues
    50. Definitions of Terms
    51. Concepts and Rules
    52. Not-For-Profit Entities (ASC 958)
    53. Perspective and Issues
    54. Definitions of Terms
    55. Concepts, Rules, and Examples
    56. Plan Accounting (ASC 960, ASC 962, ASC 965)
    57. Perspective and Issues
    58. Definitions of Terms
    59. Concepts, Rules, and Examples
    60. Real Estate—General (ASC 970)
    61. Perspective and Issues
    62. Definitions of Terms
    63. Concepts, Rules, and Examples
    64. Real Estate—Retail Land (ASC 976)
    65. Perspective and Issues
    66. Definitions of Terms
    67. Concepts, Rules, and Examples
    68. Real Estate Time-Sharing Activities (ASC 978)
    69. Perspective and Issues
    70. Definitions of Terms
    71. Concepts, Rules, and Examples
    72. Regulated Operations (ASC 980)
    73. Perspective and Issues
    74. Concepts, Rules, and Examples
    75. Software (ASC 985)
    76. Perspective and Issues
    77. Definitions of Terms
    78. Concepts, Rules, and Examples
  68. Appendix A: Definitions of Terms
  69. Appendix B: Disclosure Checklist for Commercial Businesses
  70. Index
  71. End User License Agreement

Product information

  • Title: Wiley GAAP 2016
  • Author(s): Joanne M. Flood
  • Release date: November 2015
  • Publisher(s): Wiley
  • ISBN: 9781119106067