Wiley GAAP
Practical Implementation Guide and Workbook
2nd Edition
Published on 24. June 2010
496 pages
978-0-470-64586-4 (ISBN)
Description
Wiley GAAP Workbook provides easy-to-understand guidanceand clarity to practical applications of GAAP. Enhancing yourcomprehension of GAAP to enable practical application of a varietyof situations that you may encounter in practice, this workbook andguide simplifies application of GAAP standards and interpretationsto specific real-world situations.
* Provides easy-to-understand clarity and guidance oninterpretation and application of the overwhelming and voluminousGAAP standards
* Offers explanations supplemented with examples, case studies,solutions, and illustrations for enhanced understanding ofGAAP
* Includes newly issued accounting pronouncements and informationon the GAAP codification
Wiley GAAP: Practical Implementation Guide and Workbookis a quick reference guide on Generally Accepted AccountingPrinciples and their application with easy to understand outlinesof FASB standards, practical insights, case studies with solutions,illustrations, and multiple choice questions with solutions. Itgreatly facilitates understanding of the practical implementationissues involved in applying these complex rules-basedstandards.
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08/2010
2nd Edition
Wiley
€88.00
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Persons
BARRY J. EPSTEIN, PhD, CPA, the lead coauthor of WileyGAAP and Wiley IFRS, is a partner with Russell Novak& Company LLP in Chicago. His work is centered on technicalconsultations on GAAP, IFRS, and auditing standards, and he servesas a consulting and testifying expert on commercial litigation,accountants' liability, and white-collar criminal matters.
NADIRA M. SAAFIR, CPA, is a senior litigation consultantwith Chicago-based Russell Novak & Company LLP. Prior tojoining the firm in 2009, she served as a senior auditor atDeloitte, where she gained an extensive knowledge base regardingthe theory and practical application of Generally AcceptedAccounting Principles and International Financial ReportingStandards, with particular emphasis on accounting and auditing forcomplex financial instruments.
Content
About the Authors vii
Chapter 1 Researching GAAP 1
Chapter 2 Statement of Financial Position (ASC 210) 25
Chapter 3 Income Statement (ASC 225) 31
Chapter 4 Statement of Cash Flows (ASC 230) 37
Chapter 5 Accounting Policies, Changes in Accounting Estimatesand Errors (ASC 250) 43
Chapter 6 Fair Value (ASC 820) 53
Chapter 7 Cash, Receivables, and Prepaid Expenses (ASC 305, 310,860) 67
Chapter 8 Inventory (ASC 330) 81
Chapter 9 Revenue Recognition (ASC 605) 99
Chapter 10 Property, Plant, and Equipment (ASC 360) 107
Chapter 11 Financial Instruments (ASC 825) 115
Chapter 12 Equity Method Investments and Joint Ventures (ASC323) 155
Chapter 13 Intangible Assets (ASC 350) 169
Chapter 14 Consolidated and Separate Financial
Statements (ASC 810) 183
Chapter 15 Business Combinations (ASC 805) 191
Chapter 16 Income Taxes (ASC 740) 207
Chapter 17 Current Liabilities and Contingencies (VariousSections under the ASC) 227
Chapter 18 Long-Term Liabilities (ASC 480 and 835) 249
Chapter 19 Leases (ASC 840) 261
Chapter 20 Segment Reporting (ASC 280) 271
Chapter 21 Interim Reporting (ASC 270) 277
Chapter 22 Foreign Currency (ASC 830) 283
Chapter 23 Earnings Per Share (ASC 260) 297
Chapter 24 Employee Benefits (ASC 715) 305
Chapter 25 Accounting and Reporting by Retirement Benefit Plans(ASC 960 and 962) 323
Chapter 26 Stockholders' Equity (ASC 505) 331
Chapter 27 Personal Financial Statements (ASC 274) 345
Answers for Multiple-Choice Questions 353
Index 357
