Читать книгу Wiley GAAP: Financial Statement Disclosure Manual - Joanne M. Flood - Страница 9

Wiley GAAP: Financial Statements Disclosure Manual provides summaries of authoritative literature, practice alerts, and hundreds of examples of presentations and disclosures. It is organized to align fully with the structure of the FASB Codification. Chapters begin with a summary of the authoritative literature, including scope, scope exceptions, and technical alerts of relevant FASB Updates, and an alert with common areas of disclosure concerns. The remainder of each chapter contains detailed illustrations of presentations and disclosures. This organization facilitates the primary objective of the book—to assist financial statement preparers and practitioners in resolving the myriad practical problems faced in presenting financial statements.

As a bonus, a comprehensive presentation and disclosure checklist, available online to all Wiley GAAP: Financial Statement Disclosure Manual purchasers, offers practical guidance on preparing financial statements for commercial entities in accordance with GAAP. For easy reference and research, the checklist also follows the order of the Codification. To download the checklist, go to www.wiley.com/go/FSDM2021 (password: Flood).

The author's wish is that this book will serve preparers, practitioners, faculty, and students as a reliable reference tool to facilitate their understanding of, and ability to, present financial statements in accordance with the authoritative literature.

On the Horizon. Significant accounting changes are on the horizon. In the next year, the FASB is expected to make strides on the following major projects and others:

 Conceptual framework projects on elements, measurement, and presentation

 Identifiable intangible assets

 Disclosure framework revisions on income taxes, inventory, interim reporting, government acquisitions

 Disaggregation of performance information

 Not‐for‐profit reporting of gifts‐in‐kind

 Segment reporting

 Numerous narrow scope projects

This volume is current through ASU 2020‐06. Readers are encouraged to check the FASB website for status updates to FASB projects.

Joanne M. Flood

September 2020