Wiley GAAP 2023

1ASC 105 GENERALLY ACCEPTED ACCOUNTING PRINCIPLES

• Perspectives and Issues
  • Technical Alert
  • What Is GAAP?
    • Recognition Principles
    • Disclosure Principles
• Definitions of Terms
• Concepts, Rules, and Examples
  • History of GAAP
  • GAAP Codification
    • Other and Nonauthoritative Sources
    • SEC Guidance in the Codification
  • The Standards-­Setting Process
    • Accounting Standards Updates
    • Maintenance Updates
    • American Institute of Certified Public Accountants (AICPA)
  • Codification Terminology
  • 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 (Described in Additional Detail Below)
    • Step 7: Evaluation of the Information Obtained
  • Search Authoritative Literature (Step 6)—Further Explanation
    • Researching Wiley GAAP
    • Researching Nonpromulgated GAAP
    • Internet-­Based Research Sources
  • Descriptions of Materiality
    • Quantitative Factors
    • Qualitative Factors
    • Degree of Precision
  • The Conceptual Framework
    • Components of the Conceptual Framework
  • CON 8— Chapter 1: The Objective of General Purpose Financial Reporting
  • CON 8— Chapter 3: Qualitative Characteristics of Useful Financial Information
    • Fundamental Qualitative Characteristics
    • Enhancing Qualities
    • Trade-­Offs
    • Cost Constraint
  • CON 8— Chapter 4: Elements of Financial Statements
    • Definitions of Terms
  • CON 8— Chapter 7: Presentation ...