ACCOUNTANTS’ HANDBOOK VOLUME ONE pdf

[...]... guidance in specialized areas All of those sources of accounting guidance are included in this edition of the Handbook The tenth edition of the Handbook is divided into two convenient volumes: 1 Daniel Kadlec, “Worldcon: The Fall of a Telecom Titan,” Time, July 8, 2002, p 21 xvii xviii PREFACE Volume One: Financial Accounting and General Topics includes: • A comprehensive review of the framework of accounting... tenth edition of Accountants’ Handbook has the same goal as the first edition, written over 79 years ago: to provide in a single reference source answers to all reasonable questions on accounting and financial reporting that might be asked by accountants, auditors, executives, bankers, lawyers, financial analysts, and other preparers and users of accounting information The Accountants’ Handbook is accounting’s... Board Richard C Jones, PhD, CPA, is an assistant professor in the Accounting/Taxation/Business Law Department of Hofstra University Dr Jones’s teaching interests include managerial accounting and financial reporting His research interests focus on auditing and the international self-regulatory accounting environment Dr Jones has also contributed extensively to AICPA publications Richard R Jones, CPA, is... editions when they become available If you purchased this product directly from John Wiley & Sons, Inc., we have already recorded your subscription for this update service Tenth Edition ACCOUNTANTS’ HANDBOOK VOLUME ONE: Financial Accounting and General Topics CHAPTER 1 THE FRAMEWORK OF FINANCIAL ACCOUNTING CONCEPTS AND STANDARDS Reed K Storey, PhD, CPA Financial Accounting Standards Board 1.1 FINANCIAL... accounting’s oldest handbook and has the longest tradition of providing comprehensive coverage of the field to both accounting professionals and professionals in other fields who need or desire to obtain quick, understandable, and thorough exposure to complex accounting-related subjects This edition of the Handbook continues the presentation initiated in the ninth edition of two soft-cover volumes; the current... their fields and have made significant contributions to the tenth edition of the Handbook Our greatest debt is to these 67 authors of the 44 chapters of this edition We deeply appreciate the value and importance of their time and effort We also acknowledge our debt to the editors of and contributors to nine earlier editions of the Handbook This edition draws heavily on the accumulated knowledge of those earlier... editions Finally, we wish to thank Judy Howarth and Sujin Hong at John Wiley & Sons, Inc., for handling the many details of organizing and coordinating this effort D R CARMICHAEL P H ROSENFIELD CONTENTS VOLUME ONE: FINANCIAL ACCOUNTING AND GENERAL TOPICS 1 The Framework of Financial Accounting Concepts and Standards REED K STOREY, PhD, CPA Financial Accounting Standards Board 2 Financial Accounting Regulations... a writer and consultant Formerly he served as a vice-president of Professional Standards and Services at the AICPA He is a coauthor of Practitioner’s Guide to GAAS and Ethics for CPAs (John Wiley & Sons); Guide to Compilation and Review Engagements (Practitioners Publishing Company, 1988); and has published numerous articles in professional journals, an auditing textbook (Dryden Press), and an audit... economy To undertake and fulfill that role, financial accounting in the twentieth century has evolved from a profession relying almost exclusively on the experience of a handful of illustrious practitioners into one replete with a set of financial accounting standards and an underlying conceptual foundation An underlying structure of accounting concepts was deemed necessary to provide to the institutions... granted It is as though each accountant felt that while he himself had never taken the time nor the trouble to make an actual list of accounting principles, he was comfortably certain that someone else had done so [T]he accountants are in the unenviable position of having committed themselves in their certificates [reports] as to the existence of generally accepted accounting principles while between . Edition ACCOUNTANTS’ HANDBOOK VOLUME ONE: Financial Accounting and General Topics D. R. Carmichael Paul H. Rosenfield JOHN WILEY & SONS, INC.