The Vest Pocket Guide to GAAP

About the Author vii

What This Book Will Do for You ix

Part I The Financial Statements 1

One Financial Statements Presentation 3

Two Operating Segments 27

Three Earnings per Share 37

Four Interim Financial Reporting 49

Five Related Party Disclosures 59

Six Subsequent Events 63

Part II Assets, Liabilities, and Equity 67

Seven Receivables 69

Eight Investments–Debt and Equity Securities 79

Nine Investments–Equity Method and Cost Method 91

Ten Inventory 99

Eleven Other Assets and Deferred Costs 111

Twelve Property, Plant, and Equipment 119

Thirteen Intangible Assets 133

Fourteen Asset Retirement and Environmental Obligations 151

Fifteen Contingencies 163

Sixteen Debt 167

Seventeen Equity 183

Part III Revenue and Expenses 193

Eighteen Revenue Recognition 195

Nineteen Employee Benefits and Benefit Plans 217

Twenty Stock Compensation 235

Twenty-One Other Expenses 257

Twenty-Two Research and Development Expenses 265

Twenty-Three Income Taxes 269

Part IV Special Transactions 289

Twenty-Four Accounting Changes and Error Corrections 291

Twenty-Five Business Combinations 299

Twenty-Six Derivatives 315

Twenty-Seven Fair Value 329

Twenty-Eight Foreign Currency Matters 341

Twenty-Nine Interest 353

Thirty Leases 363

Thirty-One Nonmonetary Transactions 385

Thirty-Two Not-for-Profit Entities 393

Index 411