Comprehensive treatment of all current generally accepted accounting principles and auditing standards. Extensively illustrated with flowcharts, examples, sample entries and financial reports, this work provides clear, practical guidance through the maze of pronouncements that constitute GAAP and GAAS.
• How to handle all aspects of financial reporting including debt, equity, operations, income taxes, investments, pensions, leases, derivatives, hedging instruments
• The full scope of today's business reporting environment, from compilations and reviews of small companies to combinations and consolidations of large corporations
• Extensive coverage of current issues with timely guidance on the practice issues considered by the FASB's Emerging Issues Task Force (EITF)
• The interrelationship of accounting and auditing