引言

美国会计准则制定机构众多，内容纷繁复杂，如果自己去看的话将花费大量时间，而且不见得能够找到你所想要的问题答案。Wiley GAAP这本书对如此众多的内容进行了汇总和整理，可以使我们在学习的时候大为省力。尤其难能可贵的是书中对重要的内容都有例题和解答，通过对例题的学习，将会使我们更为直观和深入地掌握美国准则的内容。唯一的缺憾是该书只有英文版，而且只有直接从FASB网站进行购买，但买书同时还可获得一电子版书籍，性价比较高。

编者的话

内容提要

This book and CD-ROM provide Wiley GAAP 2007 and deliver the most recent developments and analysis of all generally accepted accounting principles (GAAP), restating the original, highly technical pronouncements in easy-to-understand terms and providing battle-tested implementation guidance. Unlike other guides, Wiley GAAP 2007 offers complete coverage of Levels A, B, and C GAAP in a single volume, including EITF issues that have not yet been reduced to consensus, as well as EITF Appendix D discussion matters. Wiley GAAP 2007 contains a host of completely updated features.

作者介绍

目录

   CONTENTS
chapter               title                                          page No.
         Authoritative Accounting Pronouncements                        x
1        Researching GAAP Matters                                       1
2        Balance Sheet                                                 39               
3        Statements of Income and Comprehensive Income                 64
4        Statements of Cash Flows                                     101
5        Accounting Policies,Changes,and Restatements                 116
6        Cash,Receivables,and Prepaid Expenses                        142
7        Short-Term Investments and Financial Instruments             194
8        Inventory                                                    255
9        Revenue Recognition-Evolving Principles and Specialized      
          Applications                                                294
           Revenue Recognition-General Principles                     295
           Long-Term Construction Contracts                &nbs

预读

1 RESEARCHING GAAP MATTERS

DEVELOPMENT OF GAAP

What Is GAAP?

The phrase generally accepted accounting principles is a technical accounting term that encompasses the conventions, rules, and procedures necessary to define accepted accounting practice at a particular time. It includes not only broad guidelines of general application, but also detailed practices and procedures. Those conventions, rules, and procedures provide a standard by which to measure financial presentations. Auditing Standards Board (ASB), AU Section 411

Generally accepted accounting principles (GAAP) are concerned with the measurement of economic activity, the time when such measurements are to be made and recorded, the disclosures surrounding this activity, and the preparation and presentation of summarized economic information in the form of financial statements. GAAP develops when questions arise about how to best accomplish those objectives-measurement, timing of recognition, disclosure, or presentation. In response to those questions, GAAP is either prescribed in official pronouncements of authoritative bodies empowered to create it, or it originates over time through the development of customary practices that evolve when authoritative bodies fail to respond. Thus, GAAP is a reaction to and a product of the economic environment in which it develops. As such, the development of accounting and financial reporting standards has lagged the development and creation of increasingly intricate economic structures and transactions.

There are two broad categories of accounting principles-rcognition and disclosure. Recognition principles determine the timing and measurement of items that enter the accounting cycle and impact the financial statements. These are quantitative standards that require economic information to be reflected numerically.

Disclosure principles deal with factors that are not always numeric. Disclosures involve qualitative information that is an essential ingredient of a full set of financial statements. Their absence would make the financial statements misleading by omitting information relevant to the decision-making needs of the reader. Disclosure principles complement recognition principles by explaining assumptions underlying the&nbs