Vest Pocket Guide to GAAP

STEVEN M. BRAGG,??CPA, has been the chief financial officer or controller of four companies, as well as a consulting manager at Ernst & Young and auditor at Deloitte. He is the author of over forty books primarily targeted toward controllers and their needs.?? Bragg received a master's degree in finance from Bentley College, an MBA from Babson College, and a bachelor's degree in economics from the University of Maine.??

• About the Author viiWhat This Book Will Do for You ixPart I The Financial Statements 1One Financial Statements Presentation 3Two Operating Segments 27Three Earnings per Share 37Four Interim Financial Reporting 49Five Related Party Disclosures 59Six Subsequent Events 63Part II Assets, Liabilities, and Equity 67Seven Receivables 69Eight Investments–Debt and Equity Securities 79Nine Investments–Equity Method and Cost Method 91Ten Inventory 99Eleven Other Assets and Deferred Costs 111Twelve Property, Plant, and Equipment 119Thirteen Intangible Assets 133Fourteen Asset Retirement and Environmental Obligations 151Fifteen Contingencies 163Sixteen Debt 167Seventeen Equity 183Part III Revenue and Expenses 193Eighteen Revenue Recognition 195Nineteen Employee Benefits and Benefit Plans 217Twenty Stock Compensation 235Twenty-One Other Expenses 257Twenty-Two Research and Development Expenses 265Twenty-Three Income Taxes 269Part IV Special Transactions 289Twenty-Four Accounting Changes and Error Corrections 291Twenty-Five Business Combinations 299Twenty-Six Derivatives 315Twenty-Seven Fair Value 329Twenty-Eight Foreign Currency Matters 341Twenty-Nine Interest 353Thirty Leases 363Thirty-One Nonmonetary Transactions 385Thirty-Two Not-for-Profit Entities 393Index 411