Wiley GAAP 2017 (eBook)
1584 Seiten
Wiley (Verlag)
978-1-119-35698-1 (ISBN)
Wiley GAAP 2017 contains complete coverage of the Financial Accounting Standards Board's (FASB) Accounting Standards Codification (ASC), the source of authoritative generally accepted accounting principles (GAAP). Wiley GAAP renders GAAP more understandable and accessible for research and has been designed to reduce the amount of time and effort needed to solve accounting research and implementation issues.
The 2017 edition reflects the new FASB guidance on:
- Revenue Recognition
- Leases
- Business Combinations
- Pensions
- Financial Instruments
- And more than 17 other new FASB Accounting Standards Updates
Providing interpretive guidance, analytical explanations, graphic tools, and more than 300 real-world, examples and illustrations, this invaluable guide offers clear, user-friendly guidance on every ASC Topic in the Codification.
- Offers insight into the application of complex financial reporting rules
- Contains a detailed index for easy reference use
- Includes comprehensive cross-referencing to the FASB codification system, making it efficient for you to perform in-depth research
As a bonus, a comprehensive disclosure checklist offers practical guidance to preparing financial statements for commercial entities in accordance with GAAP. For easy reference and research, the checklist follows the order of the codification.
With easy-to-access information, this reliable resource offers complete coverage of the FASB Codification.
Joanne Flood, MBA, CPA, (Rockville Centre, NY) has accounting experience within both a Big 4 international firm and a small firm. She has worked as a senior manager in the AICPA's Professional Development group. Joanne received her MBA in Accounting Summa Cum Laude from Adelphi University.
While in public accounting, she worked on major clients in retail, manufacturing, and finance and on small business clients in construction, manufacturing, and professional services. At the AICPA, she managed the development and wrote courses in the accounting and auditing product line. She also wrote and produced training materials in a wide variety of media, including print, video, and audio, and pioneered the AICPA's elearning product line.
The most practical, authoritative guide to GAAP Wiley GAAP 2017 contains complete coverage of the Financial Accounting Standards Board's (FASB) Accounting Standards Codification (ASC), the source of authoritative generally accepted accounting principles (GAAP). Wiley GAAP renders GAAP more understandable and accessible for research and has been designed to reduce the amount of time and effort needed to solve accounting research and implementation issues. The 2017 edition reflects the new FASB guidance on: Revenue Recognition Leases Business Combinations Pensions Financial Instruments And more than 17 other new FASB Accounting Standards Updates Providing interpretive guidance, analytical explanations, graphic tools, and more than 300 real-world, examples and illustrations, this invaluable guide offers clear, user-friendly guidance on every ASC Topic in the Codification. Offers insight into the application of complex financial reporting rules Contains a detailed index for easy reference use Includes comprehensive cross-referencing to the FASB codification system, making it efficient for you to perform in-depth research As a bonus, a comprehensive disclosure checklist offers practical guidance to preparing financial statements for commercial entities in accordance with GAAP. For easy reference and research, the checklist follows the order of the codification. With easy-to-access information, this reliable resource offers complete coverage of the FASB Codification.
Joanne Flood, MBA, CPA, (Rockville Centre, NY) has accounting experience within both a Big 4 international firm and a small firm. She has worked as a senior manager in the AICPA's Professional Development group. Joanne received her MBA in Accounting Summa Cum Laude from Adelphi University. While in public accounting, she worked on major clients in retail, manufacturing, and finance and on small business clients in construction, manufacturing, and professional services. At the AICPA, she managed the development and wrote courses in the accounting and auditing product line. She also wrote and produced training materials in a wide variety of media, including print, video, and audio, and pioneered the AICPA's elearning product line.
Wiley GAAP 2017: Interpretation and Application of Generally Accepted Accounting Principles 1
Contents 7
Preface 11
About the Author 15
Codification Taxonomy 17
1: ASC 105 Generally Accepted Accounting Principles 23
Perspectives and Issues 23
Definitions of Terms 25
Concepts, Rules, and Examples 25
2: ASC 205 Presentation of Financial Statements 47
Perspective and Issues 47
Definitions of Terms 48
Concepts, Rules, and Examples 49
3: ASC 210 Balance Sheet 57
Perspective and Issues 57
Definitions of Terms 58
Concepts, Rules, and Examples 59
4: ASC 215 Statement of Shareholder Equity 71
Perspective and Issues 71
5: ASC 220 Comprehensive Income 73
Perspective and Issues 73
Definitions of Terms 74
Concepts, Rules, and Examples 74
6: ASC 225 Income Statement 81
Perspective and Issues 81
Definitions of Terms 82
Concepts, Rules, and Examples 83
7: ASC 230 Statement of Cash Flows 91
Perspective and Issues 91
Definitions of Terms 92
Concepts, Rules, and Examples 93
8: ASC 235 Notes to Financial Statements 113
Perspective and Issues 113
Definitions of Terms 115
Concepts, Rules, and Examples 115
9: ASC 250 Accounting Changes and Error Corrections 119
Perspective and Issues 119
Definitions of Terms 121
Concepts, Rules, and Examples 122
10: ASC 255 Changing Prices 147
Perspective and Issues 147
Definitions of Terms 147
Concepts, Rules, and Examples 149
11: ASC 260 Earnings Per Share 151
Perspective and Issues 152
Definitions of Terms 152
Concepts, Rules, and Examples 154
12: ASC 270 Interim Reporting 183
Perspective and Issues 183
Definitions of Terms 184
Concepts, Rules, and Examples 184
Part I-Requirements Applicable to All Reporting Entities 185
Part II-Requirements Applicable to Public Reporting Entities 192
13: ASC 272 Limited Liability Entities 195
Perspective and Issues 195
Definitions of Terms 195
Concepts, Rules, and Examples 195
14: ASC 274 Personal Financial Statements 199
Perspective and Issues 199
Definitions of Terms 199
Concepts, Rules, and Examples 200
15: ASC 275 Risks and Uncertainties 207
Perspective and Issues 207
Definitions of Terms 208
Concepts, Rules, and Examples 208
16: ASC 280 Segment Reporting 213
Perspective and Issues 213
Definitions of Terms 215
Concepts, Rules, and Examples 215
17: ASC 305 Cash and Cash Equivalents 223
Perspective and Issues 223
Definitions of Terms 223
Concepts, Rules, and Examples 224
18: ASC 310 Receivables 225
Perspective and Issues 226
Definitions of Terms 226
Concepts, Rules, and Examples 229
19: ASC 320 Investments-Debt and Equity Securities 265
Perspective and Issues 265
Definitions of Terms 267
Concepts, Rules, and Examples 268
20: ASC 321 Investments-Equity Securities 289
Perspective and Issues 289
Definitions of Terms 291
Concepts, Rules, and Examples 291
21: ASC 323 Investments-Equity Method and Joint Ventures 295
Perspective and Issues 296
Definitions of Terms 298
Concepts, Rules, and Examples 298
22: ASC 325 Investments-Other 329
Perspective and Issues 329
Definitions of Terms 330
Concepts, Rules, and Examples 332
23: ASC 330 Inventory 339
Perspective and Issues 339
Definitions of Terms 341
Concepts, Rules, and Examples 342
24: ASC 340 Other Assets and Deferred Costs 379
Perspective and Issues 379
Definitions of Terms 381
Concepts, Rules, and Examples 382
25: ASC 350 Intangibles-Goodwill and Other 395
Perspective and Issues 395
Definitions of Terms 397
Concepts, Rules, and Examples 397
26: ASC 360 Property, Plant, and Equipment 419
Perspective and Issues 419
Definitions of Terms 423
Concepts, Rules, and Examples 424
27: ASC 405 Liabilities 465
Perspective and Issues 465
Definitions of Terms 467
Concepts, Rules, and Examples 468
28: ASC 410 Asset Retirement and Environmental Obligations 469
Perspective and Issues 469
Definitions of Terms 470
Concepts, Rules, and Examples 474
29: ASC 420 Exit or Disposal Cost Obligations 485
Perspective and Issues 485
Definitions of Terms 485
Concepts, Rules, and Examples 486
30: Asc 430 Deferred Revenue 491
31: ASC 440 Commitments 493
Perspective and Issues 493
Definitions of Terms 494
Concepts, Rules, and Examples 494
32: ASC 450 Contingencies 497
Perspective and Issues 497
Definitions of Terms 498
Concepts, Rules, and Examples 498
33: ASC 460 Guarantees 505
Perspective and Issues 505
Definitions of Terms 507
Concepts, Rules, and Examples 509
34: ASC 470 Debt 517
Perspective and Issues 518
Definitions of Terms 521
Concepts, Rules, and Examples 522
35: ASC 480 Distinguishing Liabilities From Equity 555
Perspective and Issues 555
Definitions of Terms 556
Concepts, Rules, and Examples 557
36: ASC 505 Equity 573
Perspective and Issues 573
Definitions of Terms 575
Concepts, Rules, and Examples 576
37: ASC 605 Revenue Recognition 601
Revenue Recognition-General Principles 602
Long-Term Construction Contracts (ASC 605-35) 611
Perspective and Issues 611
Definitions of Terms 611
Concepts, Rules, and Examples 612
Service Revenues (ASC 605-20 and ASC 605-45) 626
Perspective and Issues 626
Definitions of Terms 627
Concepts, Rules, and Examples 627
Sales When Collection Is Uncertain 634
Perspective and Issues 634
Definitions of Terms 635
Concepts, Rules, and Examples 635
Revenue Recognition When Right of Return Exists (ASC 605-15) 642
Perspective and Issues 642
Definitions of Terms 643
Concepts, Rules, and Examples 643
Revenue Arrangements With Multiple Deliverables (ASC 605-25) 647
Perspective and Issues 647
Other Special Accounting and Reporting Issues 650
38: ASC 606 Revenue From Contracts With Customers 657
Overview 659
Step 1: Identify the Contract With the Customer 664
Step 2: Identifying the Performance Obligations 669
Step 3: Determine the Transaction Price 674
Step 4: Allocate the Transaction Price 683
Step 5: Recognize Revenue When (Or As) the Entity Satisfies a Performance Obligation 689
Other Issues 699
39: ASC 610 Other Income 729
Perspective and Issues 729
Definitions of Terms 730
Concepts, Rules, and Examples 730
40: ASC 705 Cost of Sales and Services 733
Perspective and Issues 733
Definitions of Terms 733
Concepts, Rules, and Examples 733
41: ASC 710 Compensation-General 735
Perspective and Issues 735
Definitions of Terms 736
Concepts, Rules, and Examples 736
42: ASC 712 Compensaton-Nonretirement Post-Employment Benefits 741
Perspective and Issues 741
Definitions of Terms 741
Concepts, Rules, and Examples 742
43: ASC 715 Compensation-Retirement Benefits 743
Perspective and Issues 743
Definitions of Terms 745
Concepts, Rules, and Examples 756
44: ASC 718 Compensation-Stock Compensation 791
Perspective and Issues 792
Definitions of Terms 794
Concepts, Rules, and Examples 800
45: ASC 720 Other Expenses 829
Perspective and Issues 829
Definitions of Terms 831
Concepts, Rules, and Examples 832
46: ASC 730 Research and Development 835
Perspective and Issues 835
Definitions of Terms 836
Concepts, Rules, and Examples 836
47: ASC 740 Income Taxes 841
Perspective and Issues 842
Definitions of Terms 844
Concepts, Rules, and Examples 847
48: ASC 805 Business Combinations 895
Perspective and Issues 896
Definitions of Terms 898
Concepts, Rules, and Examples 899
49: ASC 808 Collaborative Arrangements 943
Perspective and Issues 943
Definitions of Terms 945
Concepts, Rules, and Examples 945
50: ASC 810 Consolidations 953
Perspective and Issues 954
Definitions of Terms 962
Consolidation Models-Introduction and Background 964
The Vie Model 965
Voting Interest Model 988
51: ASC 815 Derivatives and Hedging 997
Perspective and Issues 998
Definitions of Terms 1004
Concepts, Rules, and Examples 1008
52: ASC 820 Fair Value Measurements 1053
Perspective and Issues 1053
Definitions of Terms 1055
Concepts, Rules, and Examples 1058
53: ASC 825 Financial Instruments 1077
Perspective and Issues 1077
Definitions of Terms 1080
Concepts, Rules, and Examples 1080
54: ASC 830 Foreign Currency Matters 1087
Perspective and Issues 1087
Definitions of Terms 1088
Concepts, Rules, and Examples 1089
Accounts to Be Remeasured Using Historical Exchange Rates 1114
55: ASC 835 Interest 1115
Perspective and Issues 1115
Definitions of Terms 1117
Concepts, Rules, and Examples 1117
56: ASC 840 Leases 1135
Perspective and Issues 1136
Definitions of Terms 1137
Concepts, Rules, and Examples 1141
57: ASC 842 Leases 1201
Fasb Issues New Standard for Lease Accounting 1201
58: ASC 845 Nonmonetary Transactions 1207
Perspective and Issues 1207
Definitions of Terms 1209
Concepts, Rules, and Examples 1210
59: ASC 850 Related-Party Disclosures 1221
Perspective and Issues 1221
Definitions of Terms 1221
Concepts, Rules, and Examples 1222
60: ASC 852 Reorganizations 1223
Perspective and Issues 1223
Definitions of Terms 1224
Concepts, Rules, and Examples 1225
61: ASC 853 Service Concession Arrangements 1227
Perspective and Issues 1227
Definitions of Terms 1228
Concepts, Rules, and Examples 1228
62: ASC 855 Subsequent Events 1229
Perspective and Issues 1229
Definitions of Terms 1229
Concepts, Rules, and Examples 1230
63: ASC 860 Transfers and Servicing 1233
Perspective and Issues 1233
Definitions of Terms 1235
Concepts, Rules, and Examples 1239
64: ASC 900s Specialized Industry Gaap 1271
Contractors-Federal Government (ASC 912) 1274
Perspective and Issues 1274
Definitions of Terms 1274
Concepts, Rules, and Examples 1275
Development Stage Enterprises (ASC 915) 1276
Entertaintment-Broadcasters (ASC 920) 1277
Perspective and Issues 1277
Definitions of Terms 1277
Concepts, Rules, and Examples 1277
Entertainment-Cable Television (ASC 922) 1281
Perspective and Issues 1281
Definitions of Terms 1282
Concepts, Rules, and Examples 1282
Entertainment-Casinos (ASC 924) 1284
Perspective and Issues 1284
Definitions of Terms 1285
Concepts, Rules, and Examples 1285
Entertainment-Film (ASC 926) 1285
Perspective and Issues 1285
Definitions of Terms 1286
Concepts, Rules, and Examples 1287
Valuation of Unamortized Film Costs 1294
Entertainment-Music (ASC 928) 1296
Perspective and Issues 1296
Definitions of Terms 1296
Concepts, Rules, and Examples 1296
Extractive Activities-Oil and Gas (ASC 932) 1298
Perspective and Issues 1298
Concepts, Rules, and Examples 1299
Financial Services-Depository and Lending (ASC 942) 1300
Perspective and Issues 1300
Definitions of Terms 1301
Concepts, Rules, and Examples 1302
Financial Services-Insurance (ASC 944) 1309
Perspective and Issues 1309
Concepts, Rules, and Examples 1310
Financial Services-Investment Companies (ASC 946) 1319
Perspective and Issues 1319
Definitions of Terms 1320
Concepts, Rules, and Examples 1320
Financial Services-Mortgage Banking (ASC 948) 1325
Perspective and Issues 1325
Definitions of Terms 1326
Concepts, Rules, and Examples 1327
Financial Services-Title Plant (ASC 950) 1332
Perspective and Issues 1332
Definitions of Terms 1332
Concepts, Rules, and Examples 1332
Franchisors (ASC 952) 1333
Perspective and Issues 1333
Definitions of Terms 1334
Concepts and Rules 1335
Not-For-Profit Entities (ASC 958) 1338
Perspective and Issues 1338
Definitions of Terms 1340
Concepts, Rules, and Examples 1342
Plan Accounting (ASC 960, ASC 962, ASC 965) 1354
Perspective and Issues 1354
Definitions of Terms 1356
Concepts, Rules, and Examples 1358
Real Estate-General (ASC 970) 1364
Perspective and Issues 1364
Definitions of Terms 1364
Concepts, Rules, and Examples 1365
Real Estate-Retail Land (ASC 976) 1369
Perspective and Issues 1369
Definitions of Terms 1369
Concepts, Rules, and Examples 1370
Real Estate Time-Sharing Activities (ASC 978) 1385
Perspective and Issues 1385
Definitions of Terms 1385
Concepts, Rules, and Examples 1386
Regulated Operations (ASC 980) 1388
Perspective and Issues 1388
Concepts, Rules, and Examples 1388
Software (ASC 985) 1392
Perspective and Issues 1392
Definitions of Terms 1393
Concepts, Rules, and Examples 1393
Appendix A: Definitions of Terms 1403
Appendix B: Disclosure Checklist for Commercial Businesses 1427
Index 1533
End User License Agreement 1585
| Erscheint lt. Verlag | 1.12.2016 |
|---|---|
| Reihe/Serie | Wiley Regulatory Reporting |
| Sprache | englisch |
| Themenwelt | Sachbuch/Ratgeber ► Beruf / Finanzen / Recht / Wirtschaft ► Bewerbung / Karriere |
| Recht / Steuern ► Wirtschaftsrecht | |
| Wirtschaft ► Betriebswirtschaft / Management ► Rechnungswesen / Bilanzen | |
| Schlagworte | Accounting • GAAP • GAAP (US-Vorschriften Rechnungslegung) • Rechnungswesen |
| ISBN-10 | 1-119-35698-9 / 1119356989 |
| ISBN-13 | 978-1-119-35698-1 / 9781119356981 |
| Haben Sie eine Frage zum Produkt? |
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