Wiley Gaap 99

by Delaney, Patrick R.

• ISBN13: 9780471296393
• ISBN10: 0471296392
• Format: Paperback
• Copyright: 1998-11-01
• Publisher: John Wiley & Sons Inc

Summary

The essential GAAP guide for the industry. Wiley GAAP 99 provides a thorough study and analysis of all GAAP pronouncements set forth in the pronouncements of the FASB and its predecessor agencies. This useful guide includes all the latest findings of the Emerging Issues Task Force and the AICPA Accounting Standards Executive Committee (ASEC) Statements of Position. Plenty of real-world examples are included to make interpreting GAAP a snap. Patrick R. Delaney (DeKalb, IL) is the Arthur Andersen LLP Alumni Professor of Accountancy at Northern Illinois University and author of the bestselling Wiley CPA Examination Review. James R. Adler works with American Tax and Business Services. Barry J. Epstein is a partner at BDO Seidmon LLP in Chicago. Michael F. Foran is a professor at Wichita State University.

Table of Contents

Authoritative Accounting Pronouncements	ix
1 Researching GAAP Problems	1	(28)
Appendix: Conceptual Framework	21	(8)
2 Balance Sheet	29	(26)
3 Income Statement	55	(30)
4 Statement of Cash Flows	85	(18)
5 Cash, Receivables, and Prepaid Expenses	103	(24)
6 Short-Term Investments and Financial Instruments	127	(60)
7 Inventory	187	(38)
Appendix A: LIFO Conformity Rule	220	(1)
Appendix B: Task Force on LIFO Inventory	221	(4)
8 Special Revenue Recognition Areas	225	(72)
Long-Term Construction Contracts	226	(18)
Service Sales Transaction	244	(7)
Sales When Collection is Uncertain	251	(9)
Revenue Recognition When Right of Return Exists	260	(4)
Profit Recognition on Real Estate Sales	264	(18)
Real Estate Operations	282	(10)
Franchising: Accounting by Franchisors	292	(5)
9 Long-Lived Assets	297	(28)
10 Investments	325	(40)
11 Business Combinations and Consolidated Financial Statements	365	(72)
12 Current Liabilities and Contingencies	437	(10)
13 Long-Term Debt	447	(30)
14 Accounting for Leases	477	(58)
Appendix: Leveraged Leases	528	(7)
15 Accounting for Income Taxes	535	(64)
Appendix A: Accounting for Income Taxes in Interim Periods	583	(14)
Appendix B: Schedule of Common Permanent and Temporary Differences	597	(2)
16 Accounting for Pensions	599	(34)
17 Stockholders' Equity	633	(60)
Appendix: Financial Statement Presentation	690	(3)
18 Earnings Per Share	693	(24)
Appendix: Comprehensive Example	712	(5)
19 Interim and Segment Reporting	717	(20)
Interim Reporting	717	(7)
Segment Reporting	724	(9)
Appendix: Comprehensive Illustration	733	(4)
20 Accounting Changes and Correction of Errors	737	(26)
Appendix: Accounting Changes in Interim Periods	756	(7)
21 Foreign Currency	763	(24)
Appendix: Accounts to Be Remeasured Using Historical Exchange Rates	785	(2)
22 Personal Financial Statements	787	(8)
Appendix: Hypothetical Set of Personal Financial Statements	791	(4)
23 Specialized Industry GAAP	795	(100)
Banking and Thrift Industries	797	(15)
Broadcasting Industry	812	(5)
Cable Television Industry	817	(4)
Computer Software Costs and Revenues	821	(13)
Employee Benefit Plans	834	(4)
Finance Companies	838	(3)
Government Contracts	841	(3)
Insurance Industry	844	(6)
Investment Companies	850	(5)
Mortgage Banking Activities	855	(7)
Motion Picture Industry	862	(7)
Not-for-Profit Organizations	869	(9)
Oil and Gas Producing Activities	878	(2)
Pension Funds	880	(4)
Record and Music Industry	884	(3)
Regulated Operations	887	(5)
Title Plant	892	(3)
Appendix: Disclosure Checklist	895	(40)
1999 Self-Study CPE Program	935	(64)
Index	999