By mid-2009, the Financial Accounting Standards Board (FASB) is expected to
release its Accounting Standards Codification (ASC), a new, clearer indexing
system that is much easier to access and research. Though the Codification
does not change U.S. generally accepted accounting principles (GAAP), it
does reorganize the thousands of U.S. GAAP pronouncements from
difficult-to-use chronological listings and multiple series of
pronouncements into a single, easily accessible source conveniently
organized by topic/subject.
Table Of Contents:
1 Researching GAAP Matters.
2 Balance Sheet.
3 Statements of Income and Comprehensive Income.
4 Statement of Cash Flows.
5 Accounting Policies, Changes, and Restatements.
6 Fair Value.
7 Cash, Receivables, and Prepaid Expenses.
8 Short-Term Investments and Financial Instruments.
10 Revenue Recognition—Evolving Principles and Specialized Applications.
Revenue Recognition—General Principles.
Long-Term Construction Contracts.
Sales When Collection Is Uncertain.
Revenue Recognition When Right of Return Exists.
Profit Recognition on Real Estate Sales.
Real Estate Operations.
Franchising: Accounting by Franchisors.
Other Special Accounting and Reporting Issues.
11 Long-Lived Assets.
12 Long-Term Investments.
13 Business Combinations and Consolidated Financial Statements.
Appendix: Standards Applicable to Pre-2009 Business Combinations.
14 Current Liabilities and Contingencies.
15 Long-Term Liabilities.
17 Income Taxes.
18 Pensions and Other Postretirement Benefits.
19 Stockholders’ Equity.
Appendix A: Financial Statement Presentation.
20 Earnings Per Share.
Appendix: Comprehensive Example.
21 Interim Reporting.
22 Segment Reporting.
23 Foreign Currency.
Appendix: Accounts to Be Remeasured Using Historical Exchange.
24 Personal Financial Statements.
Appendix: Hypothetical Set of Personal Financial Statements.
25 Specialized Industry GAAP.
Banking and Thrift.
Computer Software Developers.
Employee Benefit Plans, Including Pension Funds.
Oil and Gas Producers.
Recording and Music.
Appendix A: Disclosure Checklist.
Appendix B: International vs. US Accounting Standards.