The quick, complete, cross-referenced GAAP guide, with illustrations, explanations, and examples Wiley GAAP 2015 contains the most comprehensive coverage of all GAAP pronouncements in a single volume, providing professionals with a complete reference to the entire GAAP hierarchy. This new edition includes the latest updates to the standards, along with AICPA ASEC statements of position and a comprehensive cross-reference of accounting topics to the new FASB codification system. All pronouncements are fully explained in detail, including terminology, and practice exercises demonstrate real-world application. Each chapter includes a discussion of perspectives and issues, sources of GAAP, definitions, concepts, rules, and examples, with specific appendices where applicable. This useful guide contains more examples and illustrations than any other GAAP reference, and all original pronouncements are referenced to the FASB Current Text. GAAP is constantly being updated, and users require expert interpretation and explanation of relevant principles with every new pronouncement. This book provides clear, user-friendly guidance, including FASB Technical Bulletins, AcSEC Practice Bulletins, FASB Implementation Guides, and AICPA Statements of Position and Accounting Interpretations. Readers will: Refer to GAAP standards and ASEC statements quickly and easily Understand relevant terminology, concepts, and rules Study detailed examples to gain a solid working knowledge of the standards Gain confidence by practicing GAAP applications before using it in the field This guide represents the most complete, comprehensive GAAP reference available, and the digital format allows for instant access to needed information through the point-and-click index and Table of Contents. Busy professionals need to get up to speed quickly without sacrificing a solid understanding, and Wiley GAAP 2015 is the essential user-friendly reference.

The quick, complete, cross-referenced GAAP guide, withillustrations, explanations, and examplesWiley GAAP 2015 contains the most comprehensive coverageof all GAAP pronouncements in a single volume, providingprofessionals with a complete reference to the entire GAAPhierarchy. This new edition includes the latest updates to thestandards, along with AICPA ASEC statements of position and acomprehensive cross-reference of accounting topics to the new FASBcodification system. All pronouncements are fully explained indetail, including terminology, and practice exercises demonstratereal-world application. Each chapter includes a discussion ofperspectives and issues, sources of GAAP, definitions, concepts,rules, and examples, with specific appendices where applicable.This useful guide contains more examples and illustrations than anyother GAAP reference, and all original pronouncements arereferenced to the FASB Current Text.GAAP is constantly being updated, and users require expertinterpretation and explanation of relevant principles with everynew pronouncement. This book provides clear, user-friendlyguidance, including FASB Technical Bulletins, AcSEC PracticeBulletins, FASB Implementation Guides, and AICPA Statements ofPosition and Accounting Interpretations. Readers will:* Refer to GAAP standards and ASEC statements quickly andeasily* Understand relevant terminology, concepts, and rules* Study detailed examples to gain a solid working knowledge ofthe standards* Gain confidence by practicing GAAP applications before using itin the fieldThis guide represents the most complete, comprehensive GAAPreference available, and the digital format allows for instantaccess to needed information through the point-and-click index andTable of Contents. Busy professionals need to get up to speedquickly without sacrificing a solid understanding, and WileyGAAP 2015 is the essential user-friendly reference.

Preface viiAbout the Author xiCodification Taxonomy xiii1 ASC 105 Generally Accepted Accounting Principles 12 ASC 205 Presentation of Financial Statements 293 ASC 210 Balance Sheet 454 ASC 215 Statement of Shareholder Equity 615 ASC 220 Comprehensive Income 636 ASC 225 Income Statement 717 ASC 230 Statement of Cash Flows 838 ASC 235 Notes to Financial Statements 1039 ASC 250 Accounting Changes and Error Corrections 10910 ASC 255 Changing Prices 13711 ASC 260 Earnings Per Share 14112 ASC 270 Interim Reporting 17113 ASC 272 Limited Liability Entities 18714 ASC 274 Personal Financial Statements 19115 ASC 275 Risks and Uncertainties 19916 ASC 280 Segment Reporting 20517 ASC 305 Cash and Cash Equivalents 21718 ASC 310 Receivables 22119 ASC 320 Investments--Debt and Equity Securities 25720 ASC 323 Investments--Equity Method and Joint Ventures 28321 ASC 325 Investments--Other 31722 ASC 330 Inventory 32923 ASC 340 Other Assets and Deferred Costs 36724 ASC 350 Intangibles--Goodwill and Other 37525 ASC 360 Property, Plant, and Equipment 39926 ASC 405 Liabilities 44527 ASC 410 Asset Retirement and Environmental Obligations 44928 ASC 420 Exit or Disposal Cost Obligations 46529 ASC 430 Deferred Revenue 47130 ASC 440 Commitments 47331 ASC 450 Contingencies 47732 ASC 460 Guarantees 48533 ASC 470 Debt 49934 ASC 480 Distinguishing Liabilities From Equity 53935 ASC 505 Equity 55536 ASC 605 Revenue Recognition 58737 ASC 705 Cost of Sales and Services 64538 ASC 710 Compensation--General 64739 ASC 712 Compensation--Nonretirement Postemployment Benefits 65340 ASC 715 Compensation--Retirement Benefits 65541 ASC 718 Compensation--Stock Compensation 70742 ASC 720 Other Expenses 74543 ASC 730 Research and Development 75144 ASC 740 Income Taxes 75745 ASC 805 Business Combinations 81146 ASC 808 Collaborative Arrangements 85947 ASC 810 Consolidations 86948 ASC 815 Derivatives and Hedging 90149 ASC 820 Fair Value Measurements 96150 ASC 825 Financial Instruments 98551 ASC 830 Foreign Currency Matters 99552 ASC 835 Interest 102353 ASC 840 Leases 104154 ASC 845 Nonmonetary Transactions 111555 ASC 850 Related-Party Disclosures 112756 ASC 852 Reorganizations 112957 ASC 853 Service Concession Arrangements 113558 ASC 855 Subsequent Events 113959 ASC 860 Transfers and Servicing 114360 ASC 900s Specialized Industry GAAP 1181Appendix Disclosure Checklist for Commercial Businesses 1317Index 1419