Wiley GAAP 2019: Interpretation and Application of Generally Accepted Accounting Principles

  • 33h 5m
  • Joanne M. Flood
  • John Wiley & Sons (US)
  • 2019

The most comprehensive guide to FASB Codifications, updated with the latest pronouncements

Wiley GAAP 2019 is the essential resource for US GAAP implementation. Covering all codifications by the Financial Accounting Standards Board (FASB)—including the latest updates—this book provides clear explanations and practical examples for real-world application of these dynamic guidelines. Each chapter includes relevant sources of GAAP and expert guidance on interpretation, terminology, relevant concepts, and applicable rules, while in-depth discussion on the issues surrounding specific pronouncements offers informative perspective for a variety of scenarios.

This user-friendly reference covers every pronouncement currently in effect or being deliberated—including FASB Technical Bulletins, FASB Implementation Guides, AcSEC Practice Bulletins, and AICPA Accounting Interpretations—in a single volume, fully referenced to the FASB Current Text and cross-referenced to the new FASB codification system. Clear and concise without sacrificing depth or rigor, this invaluable resource simplifies research and helps CPAs and other accounting professionals ensure accuracy and compliance.

  • Examine the latest changes to US GAAP standards and practices
  • Gain expert perspectives on the issues surrounding specific pronouncements
  • Learn how the standards translate to common real-world scenarios
  • Clarify implementation through numerous illustrations and real-world examples

Staying up-to-date with constantly-evolving guidelines is a challenge, but the requirement for accurate interpretation and appropriate application adds an additional layer of complexity in an area where noncompliance could expose an organization to significant risk. Wiley GAAP 2019 provides the guidance, insight, and perspective accounting professionals need to ensure accurate and up-to-date GAAP implementation.

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 e-learning product line.

In this Book

  • Codification Taxonomy
  • ASC 105 Generally Accepted Accounting Principles
  • ASC 205 Presentation of Financial Statements
  • ASC 210 Balance Sheet
  • ASC 215 Statement of Shareholder Equity
  • ASC 220 Income Statement—Reporting Comprehensive Income
  • ASC 230 Statement of Cash Flows
  • ASC 235 Notes to Financial Statements
  • ASC 250 Accounting Changes and Error Corrections
  • ASC 255 Changing Prices
  • ASC 260 Earnings per Share
  • ASC 270 Interim Reporting
  • ASC 272 Limited Liability Entities
  • ASC 274 Personal Financial Statements
  • ASC 275 Risks and Uncertainties
  • ASC 280 Segment Reporting
  • ASC 310 Receivables
  • ASC 320 Investments—Debt and Equity Securities
  • ASC 320 Investments—Debt Securities
  • ASC 321 Investments—Equity Securities
  • ASC 323 Investments—Equity Method and Joint Ventures
  • ASC 325 Investments—Other
  • ASC 326 Financial Instruments—Credit Losses
  • ASC 330 Inventory
  • ASC 340 other Assets and Deferred Costs
  • ASC 350 Intangibles—Goodwill and other
  • ASC 360 Property, Plant, and Equipment
  • ASC 405 Liabilities
  • ASC 410 Asset Retirement and Environmental Obligations
  • ASC 420 Exit or Disposal Cost Obligations
  • ASC 430 Deferred Revenue
  • ASC 440 Commitments
  • ASC 450 Contingencies
  • ASC 460 Guarantees
  • ASC 470 Debt
  • ASC 480 Distinguishing Liabilities from Equity
  • ASC 505 Equity
  • ASC 605 Revenue Recognition
  • ASC 606 Revenue from Contracts with Customers*
  • ASC 610 other Income
  • ASC 705 Cost of Sales and Services
  • ASC 710 Compensation—General
  • ASC 712 Compensation—Nonretirement Post-Employment Benefits
  • ASC 715 Compensation—Retirement Benefits
  • ASC 718 Compensation— Stock Compensation
  • ASC 720 other Expenses
  • ASC 730 Research and Development
  • ASC 740 Income Taxes
  • ASC 805 Business Combinations
  • ASC 808 Collaborative Arrangements
  • ASC 810 CONSOLIDATIONS
  • ASC 815 Derivatives and Hedging
  • ASC 820 Fair Value Measurements
  • ASC 825 Financial Instruments
  • ASC 830 Foreign Currency Matters
  • ASC 835 Interest
  • ASC 840 Leases
  • ASC 842 Leases
  • ASC 845 Nonmonetary Transactions
  • ASC 850 Related-Party Disclosures
  • ASC 852 Reorganizations
  • ASC 853 Service Concession Arrangements
  • ASC 855 Subsequent Events
  • ASC 860 Transfers and Servicing
  • ASC 900S Specialized Industry GAAP
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