GAAP Guide Level A (2009)

GAAP Guide Level A analyzes authoritative GAAP literature contained in Level A of the GAAP hierarchy, established by Statement on Auditing Standards No. 69, including FASB Statements and Interpretations, as well as APB Opinions and Accounting Research Bulletins. In clear language, each pronouncement is discussed in a comprehensive format that makes it easy to understand and apply. Practical illustrations and examples demonstrate and clarify specific accounting principles.

The 2009 edition covers up to FAS-163 and contains the following specific information:

• Changes in the GAAP hierarchy promulgated in FAS-162 (The Hierarchy of Generally Accepted Accounting Principles).
• Changes required by FAS-141(R) (Business Combinations).
• Reporting requirements for noncontrolling interests required by FAS-160 (Noncontrolling Interests in Consolidated Financial Statements).
• Amendments to FAS-133 found in FAS-161 (Disclosures about Derivative Instruments and Hedging Activities).
• Recently issued FAS-163 (Accounting for Financial Guarantee Insurance Contracts).

This book can be used in conjunction with GAAP Guide Levels B, C, and D and the twice-monthly GAAP Update Service.

GAAP Guide Level A meets accounting industry standards overseen by the peer review system and contains a document covering the peer review of this book.