GAAP Financial Statement Disclosures Manual, with CD (2013-2014)

Accounting › Financial Reporting / IFRS / GAAP

GAAP Financial Statement Disclosures Manual, with CD (2013-2014)

By George Georgiades CPA
CCH U.S. August 2013

Specifications

ISBN-13
9780808034896
Publisher
CCH U.S.
Publication
August 2013
Format
Paperback + CD-ROM , 848 pages
Jurisdiction
U.S. ? Countri(es) for reference only

Details

The 2013 - 2014 GAAP Financial Statement Disclosures Manual provides a complete, quick, and valuable reference source for financial statement disclosures and key presentation requirements. Specifically, the Manual:

  • Provides over 750 examples of realistic sample footnote disclosures to assist in the preparation of financial statements for an audit, a review, or a compilation engagement.
  • Facilitates compliance with U.S. GAAP by integrating, in each chapter, the specific disclosure and key presentation requirements with the sample footnotes.
  • Provides sample disclosures that are technically sound, understandable, and comprehensive and that cover a variety of scenarios, from the most common to the most unusual.
  • Incorporates all currently effective accounting standards, including those that cover areas of unusual difficulty, such as financial instruments, fair value, business combinations, consolidation, income taxes, pensions, accounting changes, and variable interest entities.

All of the sample disclosures in the GAAP Financial Statement Disclosures Manual are included on the accompanying CD-ROM. Therefore, once you’ve identified the disclosure suited to your specific needs, you can simply select it from the CD-ROM, place it into your financial statements, then modify it as necessary. Also included is a financial statement disclosures checklist that provides a centralized resource of the required and recommended GAAP disclosures and key presentation items currently in effect, using the style referencing under the FASB Accounting Standards Codification as well as references to pre-Codification FASB literature. It is designed to assist the user in determining whether the required financial statement disclosures and key presentation matters have been addressed.

The Manual is designed for ease of use. Accordingly, each chapter is structured as a stand-alone chapter, providing you with all the information you’ll need on a specific topic. Each chapter consists of the following parts:

  • 1. Executive Summary. This summary provides a clear and concise discussion of the specific financial statement topic.
  • 2. Authoritative Accounting Literature. This section provides reference to the relevant FASB ASC Topic, as well as reference to pre-Codification accounting literature so that you can access the information quickly and easily.
  • 3. Disclosure and Key Presentation Requirements. This section provides a detailed listing of (a) the disclosure requirements (FASB ASC Section 50) and (b) those key presentation requirements (FASB ASC Section 45) that are relevant to enhance compliance with and better understand the disclosure requirements. This section also provides specific references to the FASB ASC Paragraphs and the related pre-Codification literature that prescribe the specific disclosure or key presentation requirement.
  • 4. Examples of Financial Statement Disclosures. This section contains specific examples of disclosures that cover different situations, circumstances, assumptions, and so on. Unless specifically indicated, the examples provided assume that the most recent financial statements presented are for the year ended December 31, 2013. It should be noted that references to authoritative literature in financial statements and related footnotes should be conformed to FASB ASC rather than to pre-Codification standards, effective for interim and annual periods ending after September 15, 2009.

The GAAP Financial Statement Disclosures Manual is current through FASB Accounting Standards Update No. 2011-12, Comprehensive Income (Topic 220) — Deferral of the Effective Date for Amendments to the Presentation of Reclassifications of Items Out of Accumulated Other Comprehensive Income in Accounting Standards Update No. 2011-05.

Material can be located several ways: the Cross-Reference shows the chapter in which a particular pronouncement is discussed; the Index provides a quick page reference.

Table of Contents

The GAAP Financial Statement Disclosures Manual includes the following topics:

  • Part I General Principles
    • Chapter 1. ASC Topic 105: Generally Accepted Accounting Principles
  • Part II Presentation
    • Chapter 2. ASC Topic 205: Presentation of Financial Statements
    • Chapter 3. ASC Topic 210: Balance Sheet Chapter 4. ASC Topic 215: Statement of Shareholder Equity
    • Chapter 5. ASC Topic 220: Comprehensive Income Chapter 6. ASC Topic 225: Income Statement
    • Chapter 7. ASC Topic 230: Statement of Cash Flows
    • Chapter 8. ASC Topic 235: Notes to Financial Statements
    • Chapter 9. ASC Topic 250: Accounting Changes and Error Corrections
    • Chapter 10. ASC Topic 255: Changing Prices Chapter 11. ASC Topic 260: Earnings Per Share
    • Chapter 12. ASC Topic 270: Interim Reporting
    • Chapter 13. ASC Topic 272: Limited Liability Entities
    • Chapter 14. ASC Topic 275: Risks and Uncertainties
    • Chapter 15. ASC Topic 280: Segment Reporting
  • Part III Assets
    • Chapter 16. ASC Topic 305: Cash and Cash Equivalents
    • Chapter 17. ASC Topic 310: Receivables
    • Chapter 18. ASC Topic 320: InvestmentsDebt and Equity Securities
    • Chapter 19. ASC Topic 323: InvestmentsEquity Method and Joint Ventures
    • Chapter 20. ASC Topic 325: InvestmentsOther
    • Chapter 21. ASC Topic 330: Inventory
    • Chapter 22. ASC Topic 340: Other Assets and Deferred Costs
    • Chapter 23. ASC Topic 350: IntangiblesGoodwill and Other
    • Chapter 24. ASC Topic 360: Property, Plant, and Equipment
  • Part IV Liabilities
    • Chapter 25. ASC Topic 405: Liabilities
    • Chapter 26. ASC Topic 410: Asset Retirement and Environmental Obligations
    • Chapter 27. ASC Topic 420: Exit or Disposal Cost Obligations
    • Chapter 28. ASC Topic 430: Deferred Revenue
    • Chapter 29. ASC Topic 440: Commitments
    • Chapter 30. ASC Topic 450: Contingencies
    • Chapter 31. ASC Topic 460: Guarantees
    • Chapter 32. ASC Topic 470: Debt
    • Chapter 33. ASC Topic 480: Distinguishing Liabilities from Equity
  • Part V Equity
    • Chapter 34. ASC Topic 505: Equity
  • Part VI Revenue
    • Chapter 35. ASC Topic 605: Revenue Recognition
  • Part VII Expenses
    • Chapter 36. ASC Topic 705: Cost of Sales and Services
    • Chapter 37. ASC Topic 710: CompensationGeneral
    • Chapter 38. ASC Topic 712: CompensationNonretirement Postemployment Benefits
    • Chapter 39. ASC Topic 715: CompensationGeneral
    • Chapter 40. ASC Topic 718: CompensationNonretirement Postemployment Benefits
    • Chapter 41. ASC Topic 720: Other Expenses
    • Chapter 42. ASC Topic 730: Research and Development
    • Chapter 43. ASC Topic 740: Income Taxes
  • Part VIII Broad Transactions
    • Chapter 44. ASC Topic 805: Business Combinations
    • Chapter 45. ASC Topic 808: Collaborative Arrangements
    • Chapter 46. ASC Topic 810: Consolidation
    • Chapter 47. ASC Topic 815: Derivatives and Hedging
    • Chapter 48. ASC Topic 820: Fair Value Measurement
    • Chapter 49. ASC Topic 825: Financial Instruments
    • Chapter 50. ASC Topic 830: Foreign Currency Matters
    • Chapter 51. ASC Topic 835: Interest
    • Chapter 52. ASC Topic 840: Leases
    • Chapter 53. ASC Topic 845: Nonmonetary Transactions
    • Chapter 54. ASC Topic 850: Related Party Transactions
    • Chapter 55. ASC Topic 852: Reorganizations
    • Chapter 56. ASC Topic 855: Subsequent Events
    • Chapter 57. ASC Topic 860: Transfers and Servicing
  • Part IX Other
    • Chapter 58. ASC Topic 915: Development Stage Entities
    • Chapter 59. Going Concern
    • Accounting Resources on the Web
    • Cross-Reference to Original Pronouncements
    • Index I
    • CD-ROM Instructions

About the Author

George Georgiades, CPA, has more than 29 years of experience in public accounting, including seven years as an audit senior manager with a major international accounting firm. He currently has his own firm and consults exclusively with CPA firms on technical accounting, auditing, and financial statement disclosures issues.

In writing this Manual, Mr. Georgiades has capitalized on the extensive experience he has gained from association with clients and with international, national, regional, and local accounting firms. He has been personally involved in more than 600 audit engagements and related financial statements of both small, closely held companies and large, publicly held enterprises. He has personally conducted more than 75 peer reviews, consulting reviews, and inspections. He also brings extensive hands-on experience in performing independent technical reviews of financial statements.

Mr. Georgiades is also the author of Audit Procedures, GAAS Practice Manual, and the GAAS Update Service. He is a member of the American Institute of Certified Public Accountants and the California Society of CPAs, and served on the California Society of CPA's Peer Review Committee.

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