1998 Statement of Financial Accounting Concepts PDF Download

Author: Financial Accounting Standards Board (FASB)
Publisher: Wiley
ISBN: 9780471197843
Category : Business & Economics
Languages : en
Pages : 0

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Book Description
The FASB Statements of Financial Accounting Concepts contains the full text of five of the six Statements of Financial Accounting Concepts issued to date. The existing concepts are intended to serve the public interest by setting the objectives, qualitative characteristics, and other concepts that guide selection of economic events to be recognized and measured for financial reporting. Unlike a Statement of Financial Accounting Standards, a Statement of Financial Accounting Concepts does not establish generally accepted Accounting Principles.

Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 284

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Book Description
This volume contains the full text of five of the six Statements of Financial Accounting Concepts. The existing concepts are intended to serve the public interest by setting the objectives, qualitative characteristics, and other concepts that guide selection of economic events to be recognized and measured for financial reporting their display in financial statements. Unlike a Statement of Financial Accounting Standards, a Statement of Financial Accounting Concepts does not establish generally accepted Accounting Principles.

Author: Dirk Maßing
Publisher: GRIN Verlag
ISBN: 3638168425
Category : Business & Economics
Languages : en
Pages : 26

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Book Description
Seminar paper from the year 2002 in the subject Business economics - Accounting and Taxes, grade: 2.0 (B), Technical University of Braunschweig (Institute for Economics), course: International Accounting, language: English, abstract: This seminar paper will give an introduction to the statement of cash flows which is required as part of the financial statements of the US-GAAP. The statement facilitates the analysis of the liquidity, solvency, and financial flexibility of the firm. In german law a statement of cash flows was first introduced in 1998 by the KonTraG 1.2 In accordance with this law (resp. additions to existent law) german companies must publish such a statement when they are listed at the stock market.3 The mission and content of the statement in german law is not defined in German Commercial Code (HGB) but provided by the German Accounting Standards Committee (GASC) with German Accounting Standards No. 2 (GAS 2). It is drawn near IAS 7 of the International Accounting Standards and Statement of Financial Accounting Standards (SFAS) No. 95 of US-GAAP. The Security and Exchange Commission (SEC) sees cash flow statements of IAS 7 and SFAS No. 95 equally and excepts both.4 Because there are not many dierences between SFAS No. 95 and IAS 7 this paper just focuses on the US-GAAP.5 The statement of cash flows is structured in three sections. To set up the first section – called operating activities – you can choose either a direct or and indirect method. Both methods show the same investing and financing cash flows, and both show the reconciliation of net income and net operating cash flows. The main difference is that only the direct method shows the actual operating cash flows such as collections from customers and payments to suppliers. The indirect method uses the reconciliation as its operating activities section, that is why it is also called reconciliation method. When describing the content or giving examples of the statement the indirect method is used always in this paper. In spite of the fact that after SFAS No. 95 the Financial Accounting Standards Board (FASB) is preferring the direct method most companies are using the indirect method. This is because in most cases companies do not store all relevant data in their information system to use the direct method. In the other two sections – investing and financing activities – the direct method must be used.6 In the second part this work will give an overview and is showing details of form and content of the statement of cash flows according to the SFAS No 95, as well as it is presenting information about how to prepare the statement [...]

Author: Patrick R. Delaney
Publisher: John Wiley & Sons
ISBN: 9780471193227
Category : Business & Economics
Languages : en
Pages : 1060

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Book Description
A thorough study of all generally accepted accounting principles (GAAP) set forth in the pronouncements of the Financial Accounting Standards Board (FASB). This useful guide contains AICPA Accounting Standards Executive Committee (ASEC) Statements of Position. It explains all pronouncements and includes practice–oriented real world examples. Each chapter discusses perspectives and issues, describes sources of GAAP, includes definitions of terms, and outlines concepts, rules and examples. This timely reference helps accountants stay on top of all of the changes in GAAP. It includes a complete listing of GAAP pronouncements, both interpretation and application of new concepts, and all the latest findings of the Emerging Issues Task Force. Readers will also find CPE examinations through which they can earn up to 40 credits. Plenty of real–world examples make interpreting and applying GAAP a snap.

Author: Financial Accounting Standards Board (FASB)
Publisher: Wiley
ISBN: 9780471355182
Category : Business & Economics
Languages : en
Pages : 296

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Book Description
The FASB Statements of Financial Accounting Concepts contains the full text of five of the six Statements of Financial Accounting Concepts issued to date. The existing concepts are intended to serve the public interest by setting the objectives, qualitative characteristics, and other concepts that guide selection of economic events to be recognized and measured for financial reporting their display in financial statements. Unlike a Statement of Financial Accounting Standards, a Statement of Financial Accounting Concepts does not establish generally accepted Accounting Principles.

Author: Financial Accounting Standards Board
Publisher: Wiley
ISBN: 9780471195221
Category : Accounting
Languages : en
Pages : 0

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Book Description
These valuable resources contain all the original pronouncements put forth by the Financial Accounting Standards Board (FASB) and the American Institute of Certified Public Accountants (AICPA). Volume I contains all the Statements of Financial Accounting Standards issued by the FASB from its inception in 1973 to June 1, 1997. Volume II contains material issued by the AICPA or its committees through June 1973 and by the FASB to June 1, 1997.

Author: D. R. Carmichael
Publisher: John Wiley & Sons
ISBN: 1118171829
Category : Business & Economics
Languages : en
Pages : 946

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Book Description
This highly regarded reference is relied on by a considerable part of the accounting profession in their day-to-day work. This comprehensive resource is widely recognized and relied on as a single reference source that provides answers to all reasonable questions on accounting and financial reporting asked by accountants, auditors, bankers, lawyers, financial analysts, and other preparers and users of accounting information. The new edition reflects the new FASB Codification, and includes expanded coverage of fair value and guidance on developing fair value estimates, fraud risk and exposure, healthcare, and IFRS.

Author:
Publisher:
ISBN:
Category : Accounting
Languages : en
Pages : 170

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Book Description

Author: Christine Jonick
Publisher:
ISBN: 9781940771151
Category : Business & Economics
Languages : en
Pages : 320

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Book Description
The University of North Georgia Press and Affordable Learning Georgia bring you Principles of Financial Accounting. Well-written and straightforward, Principles of Financial Accounting is a needed contribution to open source pedagogy in the business education world. Written in order to directly meet the needs of her students, this textbook developed from Dr. Christine Jonick's years of teaching and commitment to effective pedagogy. Features: Peer reviewed by academic professionals and tested by students Over 100 charts and graphs Instructional exercises appearing both in-text and for Excel Resources for student professional development

Author: Carolin Becker
Publisher: GRIN Verlag
ISBN: 3638365379
Category : Business & Economics
Languages : en
Pages : 17

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Book Description
Presentation (Handout) from the year 2005 in the subject Business economics - Accounting and Taxes, grade: 1,3, Glyndŵr University, Wrexham known as NEWI (Nort East Wales Institute of higher Education), course: Advanced Financial Accounting, language: English, abstract: “A conceptual framework is a statement of principles providing generally accepted guidance for the development of new reporting practices and for challenging and evaluating the existing practices. “ (Weetman, 2003a) An accounting conceptual framework can be defined as: “a coherent system of inter-related objectives and fundamentals that should lead to consistent standards that prescribe the nature, function and limits of financial accounting and financial statements.” (Lynch, 1998) The International Accounting Standards Committee (now Board) published its conceptual framework in 1989. It is intended to guide both international and national standard setters when setting standards, and to assist prepares and auditors when interpreting standards or dealing with issues that the standards do not cover.