Accountants' Handbook, Special Industries and Special Topics

D. R. Carmichael, Lynford Graham

• Publisher: Wiley
• Year: 2012
• ISBN:
  9781118407110
• Edition: 12
• Topic: Business
• Subtopic: Financial Accounting
• Index: Business

This highly regarded reference is relied on by a considerable part of the accounting profession in their day-to-day work. This handbook is the first place accountants, auditors, bankers, lawyers, financial analysts, and other preparers and users of accounting information look to find answers to questions on accounting and financial reporting. The new edition will be updated to reflect the new FASB Codification, as well as including expanded coverage of fair value and guidance on developing fair value estimates, fraud risk and exposure, healthcare, and IFRS.

Index

Accounting. See also specific types of accounting, e.g.: Forensic accounting

as CPA service, 1.10(b)(ii)

management, 2.1(b)

tax, 2.1(b)

U.S. standards for, 1.2

Accounting basis, see Basis of accounting

Accounting Principles Board (APB):

dissolution of, 2.2(c)(iii)

generally, 2.2(c)

and investment credit, 2.2(c)(ii)

postulates/principles of, 2.2(c)(i)

and Seidman Committee, 2.2(c)(ii)

Accounting Research Bulletins (ARB), 2.2(b)(ii)

Accounting Standards Codification (ASC) Topic 350 (Intangibles):

after June 30, 2001, goodwill acquired, 14.11(a)

equity method goodwill, 14.11(d)

previously recognized goodwill, 14.11(c)

Accounting Standards Codification (ASC) Topic 740 (Income Taxes):

annual computation of taxes, 17.2(c)(ii)

basic objectives/principles of, 17.2(c)

business combinations, 17.2(e)(iii)

disclosure, 17.4(b), 17.4(c)

Emerging Issues Task Force:

discussions on income taxes, 17.2(b)(iii)

implementation issues addressed by, 17.2(e)(vi)

and FASB special report, 17.2(b)(ii)

financial reporting:

disclosure, 17.4(b), 17.4(c)

intraperiod tax allocation, 17.4(a)

statement presentation and disclosure, 17.4(b)

generally, 17.1(b)(iv)

interim period tax:

determination of, 17.5(c)

estimated annual effective tax rate, 17.5(b)

generally, 17.5(a)

special issues, 17.5(d)

leveraged leases, 17.2(e)(ii)

measurement of deferred tax liabilities/assets, 17.2(d)(iv)

and pre-codification literature, 17.2(b)(i)

primary guidance, 17.2(b)

quasi reorganizations, 17.2(e)(iv)

recognition of deferred tax liabilities/assets:

of change in valuation allowance, 17.2(d)(iii)

generally, 17.2(d), 17.2(d)(i)

of valuation allowance, 17.2(d)(ii)

regulated companies, 17.2(e)(i)

scope of, 17.2(a)

subsidiary, separate financial statements of, 17.2(e)(v)

and tax laws vs. financial accounting standards, 17.2(c)(i)

Accounting Standards Codification (ASC) Topic 740–10 (Accounting for Uncertainty in Income Taxes):

balance sheet presentation, 17.3(h)

consolidated/combined financial statements, 17.3(b)(i)

derecognition, 17.3(f)

disclosures for external reporting:

pass-through entities, 17.3(i)(iii)

tabular reconciliation of unrecognized tax benefits, 17.3(i)(i)

tax-exempt entities, 17.3(i)(iii)

uncertain tax position statement (Schedule UTP), 17.3(i)(ii)

generally, 17.3(a)

interest and penalties, 17.3(g)

and IRS access to tax accrual workpapers, 17.3(j)

measurement:

generally, 17.3(e)

Accounting Standards Codification (ASC) (Continued)

subsequent, 17.3(f)

measurement-cumulative probability approach, 17.3(e)(ii)

recognition:

derecognition, 17.3(f)

generally, 17.3(e), 17.3(e)(i)

subsequent, 17.3(f)

scope of, 17.3(b)

subsequent recognition/measurement, 17.3(f)

tax position, 17.3(c)

unit of account, determining, 17.3(d)

Accounting Standards Codification (ASC) Topic 820 (Fair Value Measurements and Disclosures):

fair value measurements:

scope and scope exceptions, 24.4(c)

and PCAOB Staff Audit Practice Alert No. 2, 24.6(d)(ii)

Accounting Standards Codification (ASC) Topic 980 (Regulated Operations):

amendments, 36.6(b)

construction, allowance for funds...

Table of contents

• Cover
• Update Service
• Title Page
• Copyright
• Preface
• About the Editor
• About the Contributors
• Chapter 22: Personal Financial Statements
• Chapter 23: Stock-Based Compensation
• Chapter 24: Fair Value Measurement
• Chapter 25: Valuation of Assets, Liabilities, and Nonpublic Companies
• Chapter 26: Accounting for Derivatives: A Primer
• Chapter 27: Pension Plans and Other Postretirement and Postemployment Benefits
• Chapter 28: Not-for-Profit Organizations
• Chapter 29: Cost-Volume-Revenue Analysis for Nonprofit Organizations
• Chapter 30: Financial Institutions
• Chapter 31: Real Estate and Construction
• Chapter 32: Federal Government Accounting, Budgeting, and Auditing
• Chapter 33: State and Local Government Accounting
• Chapter 34: Oil, Gas, and Other Natural Resources
• Chapter 35: Health Care Organizations
• Chapter 36: Regulated Utilities
• Chapter 37: Producers or Distributors of Films
• Chapter 38: Estates and Trusts
• Chapter 39: Bankruptcy
• Chapter 40: Detecting Fraud
• Chapter 41: Forensic Accounting in Litigation Consulting Services, Investigations, and Compliance Matters
• Chapter 42: Introduction to E-Discovery
• Chapter 43: Financial Expert Witness Challenges and Exclusions: Results and Trends in Federal and State Cases since Kumho Tire
• Index