Limit search to available items
Book Cover
E-book
Author Flood, Joanne M., author.

Title Wiley GAAP : financial statement disclosures manual / Joanne M. Flood
Published Hoboken, New Jersey : Wiley, [2021]

Copies

Description 1 online resource
Series Wiley regulatory reporting
Wiley regulatory reporting
Contents Cover -- Title Page -- Copyright Page -- Contents -- Preface -- About the Author -- Chapter 1 ASC 105 Generally Accepted Accounting Principles -- Authoritative Literature -- What Is GAAP? -- Accounting Principles and Concepts -- The Concept of Materiality -- Descriptions of Materiality -- Disclosure and Presentation Requirements -- Chapter 2 ASC 205 Presentation of Financial Statements -- Authoritative Literature -- Subtopics -- Scope and Scope Exceptions -- Practice Alert -- Disclosures and Presentation Requirements -- ASC 205-10, Overall -- ASC 205-20, Discontinued Operations -- ASC 205-30, Liquidation Basis of Accounting -- ASC 205-40, Going Concern -- Presentation and Disclosure Examples -- Example 2.1: Reclassification -- Example 2.2: Income Statement Presentation for Discontinued Operations-Face of the Income Statement -- Example 2.3: Computing the Gain or Loss on Disposal in the Year in Which the Discontinued Operation Is Classified as Held for Sale -- Example 2.4: Discontinued Operations-Adjustment of Loss Repeated in a Prior Period as a Discontinued Operation -- Example 2.5: Discontinued Operations Reporting-in Periods after the Sale, Including Adjustment for Contingency -- Example 2.6: Discontinued Operations-Note Disclosure in Years Subsequent to the Year in Which the Discontinued Operation Was Classified as Held for Sale -- Example 2.7: Discontinued Operations-Note Disclosure in Years Subsequent to the Year in Which the Discontinued Operation Was Classified as Held for Sale -- Example 2.8: Note-Discontinued Operation-Not a Strategic Shift -- Example 2.9: Basis of Presentation-Liquidation Basis of Accounting -- Example 2.10: Statement of Net Assets in Liquidation -- Example 2.11: Statement of Changes in Net Assets in Liquidation -- Example 2.12: Note-Liquidation Is Imminent -- Example 2.13: Liquidation Is Not Imminent
Example 2.14: Going Concern-Substantial Doubt Remains-Contingent on Raising Capital -- Example 2.15: Going Concern-Substantial Doubt Remains-Contingent on Obtaining Financing -- Example 2.16: Going Concern-Substantial Doubt-Management's Plans -- Chapter 3 ASC 210 Balance Sheet -- Authoritative Literature -- Subtopics -- Scope and Scope Exceptions -- Practice Alert -- Disclosure and Presentation Requirements -- ASC 210-10, Overall -- Form of the Statement of Financial Position -- ASC 210-20, Offsetting -- Presentation and Disclosure Examples -- Example 3.1: Statement of Financial Position-Highly Aggregated -- Example 3.2: Statement of Financial Position-Highly Detailed -- Example 3.3: Disclosure by Type of Financial Instrument2 -- Example 3.4: Disclosure by Type of Financial Instrument and Type of Counterparty3 -- Example 3.5: Sophisticated Entity Disclosure by Type of Financial Instrument and Type of Counterparty4 -- Example 3.6: Netting of Certain Balance Sheet Accounts -- Chapter 4 ASC 215 Statement of Shareholder Equity -- Authoritative Literature -- Chapter 5 ASC 220 Income Statement-Reporting Comprehensive Income -- Authoritative Literature -- Subtopics -- Scope -- Practice Alert -- Disclosure and Presentation Requirements -- ASC 220-10, Overall -- ASC 220-20, Unusual Items or Infrequently Occurring Items -- ASC 220-30, Business Interruption Insurance -- Disclosure and Presentation Examples -- Example 5.1: Basic Order of Income Statement and Comprehensive Income Statement -- Example 5.2: A Multiple-Step Format for Income from Continuing Operations -- Example 5.3: A Single-Step Format for Income from Continuing Operations -- Example 5.4: Combined Statement of Income and Comprehensive Income with "Net of Tax" Presentation -- Example 5.5: Combined Statement of Income and Comprehensive Income with "Gross of Tax" Presentation
Example 5.6: Two Separate but Consecutive Statements of Income and Comprehensive Income-Net of Tax Presentation -- Example 5.7: Note X: Income Taxes -- Example 5.8: Unusual or Infrequently Occurring Item-Fire at Manufacturing Facility -- Example 5.9: Unusual or Infrequently Occurring Items-Legal Settlement -- Example 5.10: Business Interruption and Insurance Recovery -- Example 5.11: Business Interruption and Insurance Recovery -- Chapter 6 ASC 230, Statement of Cash Flows -- Authoritative Literature -- Subtopic -- Scope and Scope Exceptions -- Practice Alert -- Presentation and Disclosure Requirements -- Objective -- Cash and Cash Equivalents -- Restrictions on Cash and Cash Equivalents -- Gross versus Net Basis -- Other Issues Related to Classification of Cash Flows -- Format of the Statement of Cash Flows -- Presentation and Disclosure Examples -- Example 6.1: Statement of Cash Flows (without Details of Operating Activities) -- Example 6.3: Statement of Cash Consolidated Entities -- Example 6.4: Cash and Cash Equivalents-Accounting Policy -- Example 6.5: Accounting Policy for Cash and Cash Equivalents, Including Details -- Example 6.6: Amount of Interest and Income Taxes Paid and Noncash Investing and Financing Activities -- Example 6.7: Amount of Interest and Income Taxes Paid and Noncash Investing and Financing Activities -- Example 6.8: Nature of Restrictions on Cash and Cash Equivalents -- Example 6.9: Nature of Restrictions on Cash and Cash Equivalents with Internal Reference -- Example 6.10: Disclosure in Tabular Format-Restricted Cash Presented in More Than One Line Item on the Balance Sheet -- Chapter 7 ASC 235 Notes to Financial Statements -- Authoritative Literature -- Subtopic -- Scope -- Disclosure Techniques -- Parenthetical Explanations -- Notes to Financial Statements -- Cross-References -- Valuation Allowances or Contra Accounts
Practice Alert -- FASB Initiative -- SEC Initiative -- Suggestions for Improving Disclosure Effectiveness -- Disclosure Requirements2 -- Disclosure Examples -- Accounting Period -- Accounts Receivable -- Advertising -- Cash Equivalents -- Comprehensive Income -- Concentrations of Risk -- Consolidation Policy -- Contingencies -- Derivatives -- Earnings Per Share -- Use of Estimates -- Financial Instruments -- Foreign Currency Transactions -- Income Taxes -- Intangible Assets -- Inventories -- Property and Equipment and Depreciation Methods -- Nature of Operations -- Revenue -- Recent Accounting Pronouncements -- Risks and Uncertainties -- Stock-Based Compensation -- Chapter 8 ASC 250 Accounting Changes and Error Corrections -- Authoritative Literature -- Subtopic -- Scope -- Reasons for Accounting Changes -- Practice Alert -- Disclosure and Presentation Requirements -- Change in Accounting Principle -- Reclassifications -- Change in Accounting Estimate -- Change in Accounting Estimate Effected by a Change in Accounting Principle -- Change in Reporting Entity -- Error Corrections -- Interim Reporting Considerations -- Example Disclosures -- Example 8.1: Change in Accounting Principle-Note A: Change in Method of Accounting for Inventories -- Example 8.2: Change in Accounting Principle-Retrospective Application of a Change in Accounting Principle -- Example 8.3: Change in Accounting Principle-Adoption of a New Accounting Principle-Retrospective Application -- Example 8.4: Reclassifications-Reclassification of Intellectual Property Income, Gains, and Losses -- Example 8.5: Reclassifications-Reclassification of Expenses -- Example 8.6: Change in Accounting Estimate Effected by a Change in Accounting Principle-Change in Amortization Method of Fixed Maturity Securities -- Example 8.7: Change in Accounting Estimate-Change in Depreciable Life of Equipment
Example 8.8: Correction of Error-Example of a Correction of an Error in Previously Issued Financial Statements -- Example 8.9: Correction of Error-Correction of Immaterial Error -- Example 8.10: Correction of Error -- Chapter 9 ASC 255 Changing Prices -- Authoritative Literature -- Subtopic -- Disclosure and Presentation Requirements -- Presentation -- Elective Disclosures -- Example Presentation and Disclosure -- Example 9.1: Statement of Income from Operations in a Statement of Annual Information -- Chapter 10 ASC 260 Earnings Per Share -- Authoritative Literature -- Subtopic -- Scope and Scope Exceptions -- Introduction -- Practice Alert -- Presentation and Disclosure Requirements -- Comprehensive Example -- Diluted EPS (DEPS) -- Note X: Earnings Per Share (Illustrative Disclosure Based on Facts from the Example) -- Presentation and Disclosure Examples -- Example 10.1: Earnings (Loss) Per Share Attributable to Common Stockholders -- Example 10.2: Exclusion of Shares with Antidilutive Effects -- Example 10.3: Discontinued Operations -- Example 10.4: Beneficial Conversion -- Chapter 11 ASC 270 Interim Reporting -- Authoritative Literature -- Subtopic -- Scope and Scope Exceptions -- Integral Approach -- Discrete Approach -- Presentation and Disclosure Requirements -- Requirements Applicable to All Reporting Entities -- Revenues -- Product Costs and Direct Costs -- Other Costs and Expenses -- Seasonality -- Fair Value of Financial Instruments -- Unusual or Infrequent Items and Disposals of Components -- Contingencies -- Accounting Changes -- Requirements Applicable to Public Reporting Entities -- Quarterly Reporting to the SEC -- Presentation and Disclosure Examples -- Example 11.1: Consolidated Statement of Income and Comprehensive Income -- Example 11.2: Seasonal Nature of Business -- Example 11.3: Inventories Measured Using LIFO
Summary "For accountants, determining the correct wording and presentation formats for disclosures is a time consuming effort. Financial statement preparers look for examples that they can tailor to their own statements. This book is a natural complement to Wiley GAAP and the digital Financial Statements Disclosure Checklist online product and provides users a complete set of Wiley tools to prepare their statements. Like Wiley GAAP and the Checklist, the Disclosures Manual is arranged according to the FASB Codification schema. The broad chapter headings are: Presentation, Assets, Liabilities, Equity, Revenue, Expenses, and Broad Transactions. This arrangement enables the user to easily perform additional research, finding more detailed information on requirements in Wiley GAAP, the Checklist, or the Codification itself. The disclosures are referenced to FASB's Accounting Standards Codification"-- Provided by publisher
Notes Includes index
Description based on print version record and CIP data provided by publisher; resource not viewed
Subject Disclosure in accounting -- Standards -- United States -- Handbooks, manuals, etc
Financial statements -- Standards -- United States -- Handbooks, manuals, etc
Accounting -- Standards -- United States -- Handbooks, manuals, etc
Financial statements -- Standards
Disclosure in accounting -- Standards
Accounting -- Standards
Disclosure in accounting
Financial statements
United States
Genre/Form handbooks.
Handbooks and manuals
Handbooks and manuals.
Guides et manuels.
Form Electronic book
LC no. 2021010966
ISBN 9781119365723
1119365724
9781119365747
1119365740
9781119541882
1119541883