![]() ![]() Accounting Principles, Assumptions, and Concepts We go into much more detail in The Adjustment Process and Completing the Accounting Cycle. This chapter explains the relationship between financial statements and several steps in the accounting process. These statements are discussed in detail in Introduction to Financial Statements. A set of financial statements includes the income statement, statement of owner’s equity, balance sheet, and statement of cash flows. Financial statements are created with this purpose in mind. You can obtain copies of articles or extracts of books and reports by post or email through our document supply service.If you want to start your own business, you need to maintain detailed and accurate records of business performance in order for you, your investors, and your lenders, to make informed decisions about the future of your company. ![]() To find out how you can borrow books from the Library please see our guide to book loans. View a list of articles and books in our collection on US GAAP and the Accounting Standards Codification.View the full catalogue record Further articles and books Guide from Wolters Klower which is designed to help users determine when and how to recognise revenue under US GAAP. The Library holds the latest edition and previous editions back to 1979. The GAAP Guide from Wolters Klower presents analysis of US GAAP arranged to match the structure of the Accounting Standards Codification. GAAP guide : restatement and analysis of current FASB standards, and other current FASB, EITF, and AICPA announcements The 2015-16 edition contains all of the material published in the Accounting Standards Codification as of 31 October 2015 and is intended to be used as a reference tool alongside the online codification. The FASB’s issuance of ASU 2014-15 fills that significant gap in US GAAP.Īrticles and books in the Library collection Selected titlesĪ four volume set of the FASB Codification published by the Financial Accounting Standards Board. Recent events, such as the fiscal crisis of 2007–2008 and the economic recession that followed, have prompted concerns about whether investors have received sufficient notice of impending corporate bankruptcy. The article looks at the treatment in US GAAP under the current rules and compares this with the new rules. The article focuses on revenue recognition for software under the Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers, issued by FASB in conjunction with the IASB in May 2014. This article considers the impact of the US FASB and IASB's converged revenue recognition standard, transition methods and what it will mean for certain industries. While the idea of a principles-based approach to US standard setting is not new, ASC Topic 606 may be the most striking and significant example to date. The updated lease accounting standard IFRS 16 is likely to affect most small businesses that follow US GAAP or IFRS. The Financial Accounting Standards Board (FASB) has issued guidance to simplify the accounting for contract modifications that result from replacing London interbank offered rate (LIBOR) with a different reference rate. Guidance on accounting for cryptocurrencies under US GAAP Replacing LIBOR in Derivatives Contracts Wiley Not-for-Profit US GAAP 2017 is the essential accounting resource for not-for-profit organizations, providing quick access to the most up-to-date standards and practical tools for implementation. Not for profit US GAAP 2017: Interpretation and application of generally accepted accounting principles. Provides an overview of the new revenue recognition standard and step-by-step instructions for finance professionals navigating through the new model, with numerous examples along the way. Revenue recognition: understanding and implementing the new standard This title looks at the treatment of goodwill and other intangibles under IFRS and US GAAP and explains common practice in valuing these assets. Accounting for goodwill and other intangible assets The most comprehensive guide to FASB Codifications, updated with the latest pronouncements Wiley GAAP 2021 is the essential resource for US GAAP implementation. US GAAP 2021: Interpretation and application of Generally Accepted Accounting Principles ![]()
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