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Accounting Desk Book (2012)

Accounting Desk Book (2012)

Author: Lois Ruffner Plank; Donald Morris; Bryan R. Plank; Christie Plank Ciraulo
Publisher: CCH U.S.
ISBN: 9780808027836
Published In: December 2011
Format: Paperback , 1584 pages
Jurisdiction: U.S. ? Disclaimer:
Countri(es) stated herein are used as reference only

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Description
Contents
Author

Details

The 2012 Accounting Desk Book is a practical readable guide that provides insightful and clear explanations for CPAs and financial services professionals on key areas of daily accounting practice. It explores dozens of important accounting and finance issues from IRS practice to equity strategies; from budgeting to depreciation; from e-commerce to expert witness testimony.

The Desk Book offers straightforward discussion of significant developments that help the accountant understand and apply relevant accounting principles, legal requirements and tax rules. It discusses important pronouncements from the FASB, GASB and the IASB, along with updated information on PCAOB activities. This handy guide examines the financial reporting presentation requirements and required disclosures and reviews and updates the reader on specialized accounting topics needed for the proper treatment of a transaction. The book provides information that is key to the consideration of an engagement in a new area of practice or to field a client's question. New developments are discussed within the context of the topics in each chapter.

Guidelines, illustrations, and practical explanations simplify complex issues and help accountants quickly understand how to apply new accounting and finance developments to client situations.

The 2012 Edition of the Accounting Desk Book covers the following topics:

FINANCIAL REPORTING

Chapter 1: Principles of Financial Statements, Disclosure, Analysis and Interpretation
Chapter 2: Revenue and Expenses
Chapter 3: Stockholders' Equity
Chapter 4: Statement of Cash Flows
Chapter 5: Segment Reporting

STANDARDS

Chapter 6: Actions of the Financial Accounting Standards Board
Chapter 7: Consolidation of Variable Interest Entities
Chapter 8: Governmental Accounting
Chapter 9: Governmental Fund Accounting
Chapter 10: Not-for-Profit or Exempt Organizations
Chapter 11: International Standards: Accounting
Chapter 12: International Standards: Auditing, Ethics, Public Sector

ACCOUNTING PROCEDURES

Chapter 13: Cost Accounting
Chapter 14: Budgeting for Profit Planning and Budgetary Control
Chapter 15: Change in Accounting Methods and Consideration of Accounting Periods
Chapter 16: Auditor Independence and the Audit Committee
Chapter 17: Taxpayer Rights

NICHE TOPICS

Chapter 18: Practice Before the IRS and the Power of Attorney
Chapter 19: Internet Accounting
Chapter 20: E-Commerce and E-Communication
Chapter 21: Insurance Accounting
Chapter 22: Expert Witness
Chapter 23: Keep It Honest and Profitable

SEC ACCOUNTING & OVERSIGHT

Chapter 24: The Securities and Exchange Commission -- Organization and the Acts
Chapter 25: The Securities and Exchange Commission -- Materiality
Chapter 26: The Sarbanes-Oxley Act
Chapter 27: Public Company Accounting Oversight Board

INVESTMENTS

Chapter 28: The CPA as a Financial Planner
Chapter 29: Equity Strategies
Chapter 30: Advanced Equity Strategies
Chapter 31: Debt Securities
Chapter 32: Demystifying Funds
Chapter 33: Mutual Funds
Chapter 34: Mutual Fund "Profile" Disclosure Option
Chapter 35: Plain English Disclosure Rule
Chapter 36: Derivatives
Chapter 37: Consideration of Real Estate as an Asset
Chapter 38: Saving for a Higher Education

TAX MATTERS

Chapter 39: American Jobs Creation Act and Working Families Tax Relief Act
Chapter 40: Federal Bankruptcy -- 2005 Changes and Federal Tax Aspects
Chapter 41: Depreciation
Chapter 42: Asset Valuation for Tax Purposes
Chapter 43: Business Use of the Home
Chapter 44: Limited Liability Companies
Chapter 45: Independent Contractor or Employees
Chapter 46: Tip Income
Appendix A: Financial Planning Tables
Appendix B: Index to Journal Entries
Appendix C: Tax Terminology
Appendix D: Investment Vocabulary
Appendix E: The Going Concern Company
Appendix F: Guidelines for Interim Reporting
Appendix G: Reporting Cash Payments of Over $10,000
Appendix H: Goodwill
Appendix I: Foreign Currency Translations

Donald Morris, Ph.D., CPA, M.S. (Taxation) worked in public accounting for 17 years and headed his own accounting firm for more than a decade. He now serves as professor of accounting at Eastern New Mexico State University. Professor Morris teaches accounting, auditing, tax, ethics and fraud courses.

Christie Plank Ciraulo is a professional writer, researcher and media consultant. In addition to her work on the Accounting Desk Book, she also assists in the Encyclopedia of Accounting Systems. She has contributed to the development, research, writing and editing of theAccounting Desk Book for several editions.