Accounting Desk Book (2018) (Currently Unavailable)

Author(s): Lois Ruffner Plank, Donald Morris, Bryan R. Plank, Christie Plank Ciraulo

Published: Dec 19, 2017

ISBN: 9780808047483
Product Number: 10029995-0009
Volumes: 1
Update Frequency: Annually
1304 Pages

The Accounting Desk Book (2018) 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.

Table of Contents

Accounting Desk Book (2018)

Topics and Content

The 2018 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
Chapter 21: Insurance Accounting
Chapter 22: Expert Witness
Chapter 23: Internal Controls for Small Businesses

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 of 2002
Chapter 27: Public Company Accounting Oversight Board

INVESTMENTS

Chapter 28: Equity Strategies
Chapter 29: Advanced Equity Strategies
Chapter 30: Debt Securities
Chapter 31: Demystifying Funds
Chapter 32: Mutual Funds
Chapter 33: Reverse Mortgages

TAX MATTERS

Chapter 34: Recent Tax Changes
Chapter 35: Insolvency, Debt Forgiveness and Bankruptcy
Chapter 36: Depreciation
Chapter 37: Asset Valuation for Tax Purposes
Chapter 38: Business Use of a Home
Chapter 39: Limited Liability Companies
Chapter 40: Independent Contractor or Employees?
Chapter 41: Tip Income
Chapter 42: The Legal Environment of Accounting -- Federal Law and Cases Impacting Accountants

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
Appendix J: The FASB Codification Project and International Convergence
Appendix K: Whistleblower Program