Wiley GAAP 2008: Interpretation and Application of Generally Accepted Accounting Principles
John Wiley & Sons, Oct 5, 2007 - Political Science - 1276 pages
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.
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Statements of Income and Comprehensive Income
Statement of Cash Flows
Accounting Policies Changes and Restatements
Cash Receivables and Prepaid Expenses
ShortTerm Investments and Financial Instruments
Pensions and Other Postretirement Benefits
Personal Financial Statements
Specialized Industry GAAP
Revenue RecognitionEvolving Principles and Specialized
Business Combinations and Consolidated Financial Statements
Current Liabilities and Contingencies
Other editions - View all
accounting principle acquired acquisition adjustment allocated amortization applied asset or liability assets and liabilities available-for-sale balance sheet book value business combination capital carrying amount carrying value cash flow hedge common stock Company comprehensive income computed Consensus reached consolidated contract conversion cost deferred income tax depreciation derivative instruments determine disclosure discount effect EITF entity’s equity method estimated example expected expense fair value FASB financial assets financial instruments financial reporting financial statements GAAP gain or loss goodwill gross profit hedge impairment included income statement income tax incurred intangible interest rate inventory investment investor issued lease LIFO loan long-lived assets measurement ment nullified by FAS obligation operations option payable payments period present value purchase Put option QSPE receivable recognized recorded reporting entity reporting unit result retained earnings seller shares sold standard subsidiary transaction transfer transferor variable interest variable interest entity