Publisher's Synopsis
The most practical, authoritative guide to GAAP
midst 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 2006 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 2006 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 2006 contains a host of completely updated features, such as:
- A streamlined format that helps readers find what they need to know quickly
- Contains almost 100 new examples
- Includes important new guidance on how to implement the FASB′s new standards on share–based compensation and conditional asset retirement obligations
- Contains an update on the current FASB recodification project and the related proposed FASB GAAP Hierarchy
- Provides practical guidance in dealing with the complex and sometimes counterintuitive consolidation requirements under FIN 46R
- Includes new International Convergence standards on nonmonetary exchanges
- In–depth coverage of inventory costs and FIN 47 on Conditional Asset Retirement Obligations
- Integrates the formerly end–of–chapter summaries of EITF and other pronouncements directly into the relevant sections of the text to enhance the logical organization of the text and to improve the readability and understandability of the discussion
Featuring numerous real–world examples, illustrations, and helpful practice hints that are extremely user–friendly, Wiley GAAP 2006 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, accountants require up–to–date reference materials they know they can depend on. More than any other resource, Wiley GAAP 2006 provides the indispensable tools for the accounting professional.
