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Wiley GAAP 2004: Interpretation and Application of Generally Accepted Accounting Principles / Edition 1

Wiley GAAP 2004: Interpretation and Application of Generally Accepted Accounting Principles / Edition 1


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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 2004 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 2004 contains a host of completely updated features, such as:
  • A streamlined format that helps readers find what they need to know quickly
  • Complete, real-world implementation guidance on the latest FASB standards and interpretations, including those addressing guarantees (FASB Interpretation 45), variable interest entities (FASB Interpretation 46), and distinguishing liabilities from equity instruments (SFAS 150)
  • Comparison of U.S. GAAP to international financial reporting standards
  • Detailed coverage of important, current FASB and AcSEC projects, such as liabilities versus equity and property, plant, and equipment
  • Expanded discussion of hot topics, such as special purpose entities, pro forma earnings, and revenue recognition issues
  • Real-world examples and comprehensive analysis of complex areas like hedging, consolidated reporting, derivatives, income taxes, leases, and segment reporting
  • A chapter on special revenue recognition areas
  • An authoritative financial statement disclosure checklist

Featuring numerous real-world examples, illustrations, and helpful practice hints that are extremely user-friendly, Wiley GAAP 2004 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 2004 provides the indispensable tools for the accounting professional.

Product Details

ISBN-13: 9780471453925
Publisher: Wiley
Publication date: 10/03/2003
Edition description: REV
Pages: 1104
Product dimensions: 7.60(w) x 9.30(h) x 2.00(d)

About the Author

Patrick R. Delaney was the Arthur Anderson LLP Alumni Professor of Accountancy and Chair of the Department of Accountancy at Northern Illinois University.
Barry J. Epstein is a partner in the Chicago-based firm Gleeson, Sklar, Sawyers Cumpata, LLP.
Ralph Nach is a managing director with the Chicago office of American Express Tax Business Services, Inc.
Susan Weiss Budak is a consultant working primarily with the FASB, AICPA, and NCES.

Table of Contents

Authoritative Accounting Pronouncements.

Chapter 1. Researching GAAP Problems.

Chapter 2. Balance Sheet.

Chapter 3. Statements of Income and Comprehensive Income.

Chapter 4. Statement of Cash Flows.

Chapter 5. Cash, Receivables, and Prepaid Expenses.

Chapter 6. Short-Term Investments and Financial Instruments.

Chapter 7. Inventory.

Chapter 8. Revenue Recognition—Evolving Principles and Specialized Applications.

Chapter 9. Long-Lived Assets.

Chapter 10. Investments.

Chapter 11. Business Combinations and Consolidated Financial Statements.

Chapter 12. Current Liabilities and Contingencies.

Chapter 13. Long-Term Debt.

Chapter 14. Leases.

Chapter 15. Income Taxes.

Chapter 16. Pensions and Other Postretirement Benefits.

Chapter 17. Stockholders’ Equity.

Chapter 18. Earning Per Share.

Chapter 19. Interim and Segment Reporting.

Chapter 20. Accounting Changes and Correction of Errors.

Chapter 21. Foreign Currency.

Chapter 22. Personal Financial Statements.

Chapter 23. Specialized Industry GAAP.

Appendix A. Disclosure Checklist.

Appendix B. International vs. US Accounting Standards.


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