Accounting Desk Book with CD (2008)

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.

Each edition of this annual resource explains new developments in an engagingly clear way. For the 2008 Edition, new chapters have been added on the American Jobs Creation Act and the Working Families Tax Relief Act, plus bankruptcy tax law in light of the 2005 Bankruptcy Abuse Prevention and Consumer Protections Act.

Guidelines, illustrations, and practical explanations simplify complex issues and help accountants quickly understand how to apply new accounting and finance developments to client situations.

What's Included:
Paperback and CD, 1304 pages, Dec. 2007
Author:   Lois Ruffner Plank, Donald Morris, Bryan R. Plank and Christie Plank Ciraulo
Format:  Hardcover
Item #:   978-0-8080-1812-4
Price:      $155.00 (US)

Accounting Desk Book with CD (2007) Topics and Contents FINANCIAL REPORTING Principles of Financial Statements, Disclosure, Analysis and Interpretation Revenue and Expenses Stockholders' Equity Statement of Cash Flows Segment Reporting STANDARDS Actions of the Financial Accounting Standards Board Consolidation of Variable Interest Entities Governmental Accounting Governmental Fund Accounting Not-For-Profit or Exempt Organizations International Standards: Accounting International Standards: Auditing, Ethics, Public Sector ACCOUNTING PROCEDURES Cost Accounting Budgeting for Profit Planning and Budgetary Control Change in Accounting Methods and Consideration of Accounting Periods Auditor Independence and the Audit Committee Taxpayer Rights NICHE TOPICS Practice Before the IRS and the Power of Attorney Internet Accounting E-Commerce and E-Communication Insurance Accounting Expert Witness Keep It Honest and Profitable

SEC ACCOUNTING AND OVERSIGHT The Securities and Exchange Commission -- Organization and the Acts The Securities and Exchange Commission -- Materiality Sarbanes-Oxley Act Public Company Accounting Oversight Board INVESTMENTS The Cpa as a Financial Planner Equity Strategies Advanced Equity Strategies Debt Securities Demystifying Funds Mutual Funds Mutual Fund "Profile" Disclosure Option Plain English Disclosure Rule Derivatives Consideration of Real Estate as an Asset Saving for a Higher Education TAX MATTERS Tax Legislation Depreciation Asset Valuation for Tax Purposes Business Use of the Home Limited Liability Companies Independent Contractor or Employees Tip Income APPENDICES 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