Wiley GAAP Codification Enhanced

by Barry J. Epstein (Checkers, Simon & Rosner, Chicago); Ralph Nach (American Express Tax and Business Inc.); Steven M. Bragg (Englewood, Colorado)

• ISBN13: 9780470464717
• ISBN10: 0470464712
• Format: Paperback
• Copyright: 2009-05-01
• Publisher: Wiley

Summary

"Wiley GAAP Codification Enhanced" contains a complete summarization of all levels of GAAP, as well as integrated cross references to the new Accounting Standards Codification (ASC). The ASC replace the hundreds of existing GAAP pronouncements with a new, clearer indexing system that is much easier to access and research.

Author Biography

Barry J. Epstein is a partner with Chicago-based Russell Novak & Company, LLP, where he specializes in technical consultation on accounting and auditing matters and corporate governance, and serves as a consulting and testifying expert for various litigation matters.

Ralph Nach is a Vice President of AuditWatch, Inc., where he writes, teaches, and consults on a wide range of accounting, auditing, and financial reporting matters.

Steven M. Bragg 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 more than thirty Wiley titles.

Table of Contents

Codification Taxonomy

Researching GAAP Matters

Balance Sheet

Statements of Income and Comprehensive Income

Statement of Cash Flows

Accounting Policies, Changes, and Restatements

Fair Value

Cash, Receivables, and Prepaid Expenses

Short-Term Investments and Financial Instruments

Inventory

Revenue Recognition-Evolving Principles and Specialized Applications

Revenue Recognition-General Principles

Long-Term Construction Contracts

Service Revenues

Sales When Collection Is Uncertain

Revenue Recognition When Right of Return Exists

Profit Recognition on Real Estate Sales

Real Estate Operations

Franchising: Accounting by Franchisors

Other Special Accounting and Reporting Issues

Long-Lived Assets

Long-Term Investments

Business Combinations and Consolidated Financial Statements

Appendix: Standards Applicable to Pre-2009 Business Combinations

Current Liabilities and Contingencies

Long-Term Liabilities

Leases

Income Taxes

Pensions and Other Postretirement Benefits

Stockholders' Equity

Financial Statement Presentation

Earnings Per Share

Appendix: Comprehensive Example

Interim Reporting

Segment Reporting

Foreign Currency

Appendix: Accounts to Be Remeasured Using Historical Exchange

Rates

Personal Financial Statements

Appendix: Hypothetical Set of Personal Financial Statements

Specialized Industry GAAP

Banking and Thrift

Broadcasting

Cable Television

Computer Software Developers

Employee Benefit Plans, Including Pension Funds

Finance Companies

Government Contractors

Insurance

Investment Companies

Mortgage Banking

Motion Pictures

Not-for-Profit Organizations

Oil and Gas Producers

Recording and Music

Regulated Operations

Title Plant

Disclosure Checklist

International vs. US Accounting Standards

Index

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