Wiley GAAP 2025

Auteur

Joanne M. Flood, MBA, CPA, has worked with small business and large enterprise clients. She has experience in a Big 4 international firm and a small firm. Formerly a senior manager in the AICPA's Professional Development Group, Joanne has produced training materials on accounting in a wide variety of media.

Texte du rabat

The gold standard in US GAAP practice resources--fully updated to include the latest pronouncements Wiley GAAP 2025 offers comprehensive coverage of all Financial Accounting Standards Board (FASB) topics, including all the latest updates. Each chapter delivers a robust discussion of perspectives and relevant issues, sources of GAAP, practice-oriented examples, and accurate definitions of terms, concepts, and rules. Accounting standards are difficult to understand, but Wiley GAAP 2025 explains each FASB Topic in a clear, reader-friendly way, with dynamic graphics to aid in the understanding and retention of complex subjects. The author reviews all the latest changes to accounting principles and offers expert guidance on complicated issues raised by specific pronouncements. She includes topic-specific chapters and comprehensive cross-references to aid readers conducting quick research and clarifies how to implement each standard with several practical examples. This edition includes bonus downloadable, online Financial Statement Disclosure and Presentation Checklist, now with industry-specific disclosures! Also, new for 2025 is access to a newsletter which is updated with information throughout the year. The 2025 edition covers the latest developments in the presentation and disclosures in financial statements, reporting crypto assets, improved segment reporting, and new disclosures for joint venture formations and income taxes. Wiley GAAP 2025 remains your one-stop resource for staying up to date with constantly changing guidelines and delivers the guidance and insight you need.

Contenu

Preface ix

About the Author xi

Codification Taxonomy xiii

1 ASC 105 Generally Accepted Accounting Principles 1

2 ASC 205 Presentation of Financial Statements 27

3 ASC 210 Balance Sheet 39

4 ASC 215 Statement of Shareholder Equity 49

5 ASC 220 Income Statement- Reporting Comprehensive Income 51

6 ASC 230 Statement of Cash Flows 67

7 ASC 235 Notes to Financial Statements 91

8 ASC 250 Accounting Changes and Error Corrections 99

9 ASC 255 Changing Prices 119

10 ASC 260 Earnings per Share 123

11 ASC 270 Interim Reporting 157

12 ASC 272 Limited Liability Entities 169

13 ASC 274 Personal Financial Statements 173

14 ASC 275 Risks and Uncertainties 181

15 ASC 280 Segment Reporting 185

16 ASC 310 Receivables 197

17 ASC 320 Investments- Debt Securities 215

18 ASC 321 Investments- Equity Securities 229

19 ASC 323 Investments- Equity Method and Joint Ventures 235

20 ASC 325 Investments- Other 267

21 ASC 326 Financial Instruments- Credit Losses 273

22 ASC 330 Inventory 287

23 ASC 340 Other Assets and Deferred Costs 327

24 ASC 350 Intangibles- Goodwill and Other 341

25 ASC 360 Property, Plant, and Equipment 375

26 ASC 405 Liabilities 403

27 ASC 410 Asset Retirement and Environmental Obligations 411

28 ASC 420 Exit or Disposal Cost Obligations 431

29 ASC 430 Deferred Revenue and Contract Liabilities 437

30 ASC 440 Commitments 439

31 ASC 450 Contingencies 443

32 ASC 460 Guarantees 451

33 ASC 470 Debt 461

34 ASC 480 Distinguishing Liabilities from Equity 493

35 ASC 505 Equity 507

36 ASC 605 Revenue Recognition 529

37 ASC 606 Revenue from Contracts with Customers 537

38 ASC 610 Other Income 609

39 ASC 705 Cost of Sales and Services 613

40 ASC 710 Compensation- General 617

41 ASC 712 Compensation- Nonretirement Post- Employment Benefits 623

42 ASC 715 Compensation- Retirement Benefits 627

43 ASC 718 Compensation- Stock Compensation 669

44 ASC 720 Other Expenses 713

45 ASC 730 Research and Development 721

46 ASC 740 Income Taxes 727

47 ASC 805 Business Combinations 783

48 ASC 808 Collaborative Arrangements 835

49 ASC 810 Consolidations 847

50 ASC 815 Derivatives and Hedging 885

51 ASC 820 Fair Value Measurements 959

52 ASC 825 Financial Instruments 981

53 ASC 830 Foreign Currency Matters 989

54 ASC 832 Government Asssistance 1011

55 ASC 835 Interest 1015

56 ASC 842 Leases 1035

57 ASC 845 Nonmonetary Transactions 1071

58 ASC 848 Reference Rate Reform 1083

59 ASC 850 Related Party Disclosures 1095

60 ASC 852 Reorganizations 1099

61 ASC 853 Service Concession Arrangements 1105

62 ASC 855 Subsequent Events 1107

63 ASC 860 Transfers and Servicing 1111

64 ASC 900s Specialized Industry GAAP 1147

Appendix A: Definitions of Terms 1251

Appendix B: Disclosure and Presentation Checklist for Commercial Businesses 1293

Index 1295