Description
Book SynopsisNow fully updated and at your fingertips the most practical, authoritative guide to implementing GAAP Get the answers you need to prepare financial statements and keep up to date on the latest FASB requirements. Now fully revised and updated, Wiley GAAP Policies and Procedures, Second Edition is an ideal companion to the Wiley GAAP guide and provides the practical application information essential to ensuring that a company''s accounting systems are fully capable of incorporating the most recent GAAP. A concise version of the more detailed GAAP found in the Wiley GAAP guides, Wiley GAAP Policies and Procedures, Second Edition features handy, illustrative decision trees showing how to determine which GAAP ruling to use in a variety of situations, eliminating hours of time wading through detailed GAAP rulings and presents:
* New chapters on interim reporting, segment reporting, and accounting changes and correction of errors
* Updated content on FAS No. 151, Inventory Costs,
Table of Contents1 Researching GAAP Implementation Problems 1
2 Cash, Receivables, and Prepaid Expenses 9
3 Short-Term Investments and Financial Instruments 37
4 Inventory 45
5 Revenue Recognition 85
6 Long-Lived Assets 137
7 Investments 179
8 Business Combinations and Consolidated Financial Statements 211
9 Current Liabilities and Contingencies 229
10 Long-Term Debt 255
11 Leases 289
12 Pensions and Other Postretirement Benefits 315
13 Stockholders’ Equity 323
14 Interim Reporting 369
15 Segment Reporting 375
16 Foreign Currency 383
Index 397
