Featuring the latest ASUs through the date of publication, this broad-ranging book covers FASB accounting and reporting developments that apply to all companies. Emphasizing financial statement disclosures in addition to accounting methods, the author presents implementation guidelines and disclosure illustrations from actual financial statements.
Key topics include:
The financial reporting environment
Summary of recent FASB releases
Accounting and reporting topics common to most entities, including the following:
Recognizing revenue under the new standard
The new leasing model
Fair value accounting
Inventory
Property, plant, and equipment gdash; including capitalized interest and nonmonetary transactions
Accounting for debt
Accounting for income taxes
Financial statement presentation and notes disclosures
The financial statements
