The most practical, authoritative guide to GAAP Wiley GAAP 2017 contains complete coverage of the Financial Accounting Standards Board's (FASB) Accounting Standards Codification (ASC), 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 2017 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 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.

The most practical, authoritative guide to GAAPWiley GAAP 2017 contains complete coverage of the Financial Accounting Standards Board's (FASB) Accounting Standards Codification (ASC), 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 2017 edition reflects the new FASB guidance on:* Revenue Recognition* Leases* Business Combinations* Pensions* Financial Instruments* And more than 17 other new FASB Accounting Standards UpdatesProviding 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 researchAs a bonus, a comprehensive disclosure checklist 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.

Preface ixAbout the Author xiiiCodification Taxonomy xv1 ASC 105 Generally Accepted Accounting Principles 12 ASC 205 Presentation of Financial Statements 253 ASC 210 Balance Sheet 354 ASC 215 Statement of Shareholder Equity 495 ASC 220 Comprehensive Income 516 ASC 225 Income Statement 597 ASC 230 Statement of Cash Flows 698 ASC 235 Notes to Financial Statements 919 ASC 250 Accounting Changes and Error Corrections 9710 ASC 255 Changing Prices 12511 ASC 260 Earnings Per Share 12912 ASC 270 Interim Reporting 16113 ASC 272 Limited Liability Entities 17314 ASC 274 Personal Financial Statements 17715 ASC 275 Risks and Uncertainties 18516 ASC 280 Segment Reporting 19117 ASC 305 Cash and Cash Equivalents 20118 ASC 310 Receivables 20319 ASC 320 Investments--Debt and Equity Securities 24320 ASC 321 Investments--Equity Securities 26721 ASC 323 Investments--Equity Method and Joint Ventures 27322 ASC 325 Investments--Other 30723 ASC 330 Inventory 31724 ASC 340 Other Assets and Deferred Costs 35725 ASC 350 Intangibles--Goodwill and Other 37326 ASC 360 Property, Plant, and Equipment 39727 ASC 405 Liabilities 44328 ASC 410 Asset Retirement and Environmental Obligations 44729 ASC 420 Exit or Disposal Cost Obligations 46330 ASC 430 Deferred Revenue 46931 ASC 440 Commitments 47132 ASC 450 Contingencies 47533 ASC 460 Guarantees 48334 ASC 470 Debt 49535 ASC 480 Distinguishing Liabilities From Equity 53336 ASC 505 Equity 55137 ASC 605 Revenue Recognition 57938 ASC 606 Revenue from Contracts with Customers 63539 ASC 610 Other Income 70740 ASC 705 Cost of Sales and Services 71141 ASC 710 Compensation--General 71342 ASC 712 Compensation--Nonretirement Postemployment Benefits 71943 ASC 715 Compensation--Retirement Benefits 72144 ASC 718 Compensation--Stock Compensation 76945 ASC 720 Other Expenses 80746 ASC 730 Research and Development 81347 ASC 740 Income Taxes 81948 ASC 805 Business Combinations 87349 ASC 808 Collaborative Arrangements 92150 ASC 810 Consolidations 93151 ASC 815 Derivatives and Hedging 97552 ASC 820 Fair Value Measurements 103153 ASC 825 Financial Instruments 105554 ASC 830 Foreign Currency Matters 106555 ASC 835 Interest 109356 ASC 840 Leases 111357 ASC 842 Leases 117958 ASC 845 Nonmonetary Transactions 118559 ASC 850 Related-Party Disclosures 119960 ASC 852 Reorganizations 120161 ASC 853 Service Concession Arrangements 120562 ASC 855 Subsequent Events 120763 ASC 860 Transfers and Servicing 121164 ASC 900s Specialized Industry GAAP 1249Appendix A: Definitions of Terms 1381Appendix B: Disclosure Checklist for Commercial Businesses 1405Index 1511