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 -- Long-lived assets -- Long-term investments -- Business combinations and consolidated financial statements -- Current liabilities and contingencies -- Long-term liabilities -- Leases -- Income taxes -- Pensions and other postretirement benefits -- Stockholders' equity -- Earnings per share -- Interim reporting -- Segment reporting -- Foreign currency -- Personal financial statements -- Specialized industry GAAP -- App. A. Disclosure checklist -- App. B. International vs. US accounting standards.
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The essential guide to the new GAAP Accounting Standards Codification. Wiley's long-running series of annual GAAP references has been the essential series for accountants using U.S. Generally Accepted Accounting Standards for more than a generation. Every year, the Federal Accounting Standards Board (FASB) adds more rulings and more details to the end of an already long and complicated list, and Wiley GAAP brings order to the chaos. But this year is different: the FASB has spent several years and a reported $13 million consolidating all of those many and varied pronouncements on standards into a single, integrated Accounting Standards Codification (ASC). Under the old system, GAAP pronouncements were listed chronologically. Now newly codified standards will be listed by subjectndash;so information is easier to find then ever. In April of 2009, when the FASB switches to the new ASC, every accountant in the nation will need a guide to the new system. Wiley GAAP Codification Enhanced is a full and complete guide to using the newly reorganized standards, providing complete coverage of all levels of GAAP in a single volume. It explains the original, highly technical pronouncements in easy-to understand terms with copious practical implementation guidance.