Publisher's Synopsis
The most practical, authoritative guide to GAAP
Amidst a national parade of corporate scandals, accounting professionals require a timely, rock–solid resource in order to instill clients and investors with the confidence they have come to expect. Wiley GAAP 2005 delivers the most recent developments and analysis of all generally accepted accounting principles (GAAP), restating the original, highly technical pronouncements in easy–to–understand terms and providing battle–tested implementation guidance. Unlike other guides, Wiley GAAP offers complete coverage of Levels A, B, and C GAAP in a single volume, including EITF issues that have not yet been reduced to consensus, as well as EITF Appendix D discussion matters. Wiley GAAP 2005 contains a host of completely updated features, such as:
- A streamlined format that helps readers find what they need to know quickly
- Expanded and complete, real–world implementation guidance and coverage on the latest FASB standards and interpretations, including variable interest entities (FIN 46 (R)) and instruments with characteristics of both equity and debt (SFAS 150)
- Updated comparison of U.S. GAAP and International Accounting Standards (IFRS)
- Detailed coverage of important, proposed standards on exchanges of productive assets, purchase method accounting for aquisitions, and accounting for combinations of not–for–profit and mutual enterprises
- Revised disclosures of pension cost–related matters
- Expanded discussion of FASB Concepts Statement No. 7
- Detailed coverage of the AcSEC Statement of Position (SOP) 03–3 on accounting for loans and debt securities acquired in transfers
- Coverage of all EITFs discussed through mid–2004
- An authoritative financial statement disclosure checklist
Featuring numerous real–world examples, illustrations, and helpful practice hints that are extremely user–friendly, Wiley GAAP 2005 is designed with the needs of the reader in mind. Covering the entire GAAP hierarchy, Wiley GAAP addresses all effective pronouncements, including:
- FASB Interpretations
- FASB Technical Bulletins
- FASB Statements of Financial Accounting Concepts
- FASB Statements of Financial Accounting Standards (SFASs)
- Consensus Opinions of the Emerging Issues Task Force of the FASB
- AICPA Statements of Position
- Accounting Research Bulletins
- Accounting Principles Board Opinions
- AICPA Audit and Accounting Guides
As clients demand accounting procedures they can trust, so accountants require up–to–date reference materials they know they can depend on. More than any other resource, Wiley GAAP 2005 provides the indispensable tools for the accounting professional.
