Wiley Gaap 2018: Interpretation and Application of Generally Accepted Accounting Principles - Softcover

Flood, Joanne M.

Softcover

ISBN 10: 1119396549 ISBN 13: 9781119396543

Publisher: John Wiley & Sons Inc, 2018

Synopsis

Get the most comprehensive coverage of the FASB Codification and the latest FASB updates in a single volume

Wiley GAAP 2018: Interpretation and Application of Generally Accepted Accounting Principles is a thorough study and analysis of all US Generally Accepted Accounting Principles (GAAP) set forth in the pronouncements of the FASB (Financial Accounting Standards Board) Codification. All topics are explained with relevant terminology and practice-oriented real world examples. Each chapter is composed of a discussion of perspectives and issues, definitions of terms, concepts, rules, and examples.

US GAAP is constantly being updated, and its users require expert interpretation and explanation of the relevant principles. This book provides the most comprehensive coverage of each Codification topic. It contains clear, user-friendly guidance on every pronouncement. 

• Fully up-to-date with all the latest changes, including those to inventory, financial instruments, revenue, and leases
• Includes more real-world examples and illustrations than competing titles
• Arranged according to the FASB Codification, all topics are referenced to the Codification

Wiley GAAP 2018 renders GAAP more understandable and accessible for research and is designed to reduce the amount of time and effort needed to solve accounting research and implementation issues, making it the best go-to source for CPAs and others working in accounting.

About this title

From the Back Cover

The most practical, authoritative guide to GAAP

Wiley GAAP 2018 contains complete coverage of the Financial Accounting Standards Board (FASB) Accounting Standards Codification® (Codification), the source of authoritative generally accepted accounting principles (GAAP). Wiley GAAP renders GAAP more understandable and accessible for research and has been designed to reduce the amount of time and effort needed to solve accounting research and implementation issues.

The 2018 edition reflects the new FASB guidance on:

• Revenue recognition
• Leases
• Business combinations
• Pensions
• Financial instruments
• And more than 17 other new FASB Accounting Standards Updates

Providing interpretive guidance, analytical explanations, graphic tools, and more than 300 real-world, examples and illustrations, this invaluable guide offers clear, user-friendly guidance on every ASC Topic in the Codification.

• Offers insight into the application of complex financial reporting rules
• Contains a detailed index for easy reference use
• Includes comprehensive cross-referencing to the FASB codification system, making it efficient for you to perform in-depth research

As a bonus, a comprehensive disclosure checklist, available online, offers practical guidance to preparing financial statements for commercial entities in accordance with GAAP. For easy reference and research, the checklist follows the order of the codification.

With easy-to-access information, this reliable resource offers complete coverage of the FASB Codification.

About the Author

Joanne Flood, MBA, CPA, (Rockville Centre, NY) has accounting experience within both a Big 4 international firm and a small firm. She has worked as a senior manager in the AICPA's Professional Development group. Joanne received her MBA in Accounting Summa Cum Laude from Adelphi University.
While in public accounting, she worked on major clients in retail, manufacturing, and finance and on small business clients in construction, manufacturing, and professional services. At the AICPA, she managed the development and wrote courses in the accounting and auditing product line. She also wrote and produced training materials in a wide variety of media, including print, video, and audio, and pioneered the AICPA's elearning product line.

Edition details

• Publisher: John Wiley & Sons Inc
• Publication date: 2018
• ISBN 10: 1119396549
• ISBN 13: 9781119396543
• Binding: Paperback
• Language: English
• Edition number: 2
• Number of pages: 1459