Accounting Trends & Techniques

In its 63rd year of publication, this edition captures today's prevailing financial reporting practices with hundreds of illustrative examples from the actual financial statements of the country's most prominent publicly-traded companies.

Fully updated with all new presentation and disclosure examples, as well as narratives describing financial reporting requirements, you get the tools you need to apply the complex reporting guidance within U.S. GAAP, including statistical data revealing the latest trends in presentation and disclosures.

This 2009 edition of Trends includes highly anticipated illustrative examples of reporting and disclosure requirements for

• SFAS No. 159, The Fair Value Option for Financial Assets and Financial Liabilities—Including an Amendment of FASB Statement No. 115 (FASB ASC 825)
• SFAS No. 157, Fair Value Measurements (FASB ASC 820)
• FASB Interpretation No. 48, Accounting for Uncertainty in Income Taxes—an interpretation of FASB Statement No. 109 (FASB ASC 740)

In addition, helpful narratives describing newer accounting pronouncements are provided and include SFAS No. 161, Disclosures about Derivative Instruments and Hedging Activities—an amendment of FASB Statement No. 133 (FASB ASC 815), SFAS No. 160, Noncontrolling Interests in Consolidated Financial Statements—an amendment of ARB No. 51 (FASB ASC 810), and SFAS No. 141 (R), Business Combinations (FASB ASC 805).

With companies from virtually every sector — ConocoPhillips, Ford Motor Company, Intel Corporation, and United Parcel Service, Inc., to name just a few — you'll get a rich diversity of examples that will save you hours of time. Apply this practical guidance to develop tailored solutions for difficult reporting issues.

This edition also includes an overview of International Financial Reporting Standards (IFRS) with an update on the status of global convergence.

AICPA has also developed a new Accounting Trends & Techniques for IFRS, available here.