New GAAP Codification Simplifies Financial Reporting for Businesses Worldwide.
The article "Wiley GAAP Codification Enhanced" covers various topics related to accounting standards, including balance sheets, income statements, cash flows, and revenue recognition. It also delves into specialized areas like long-term investments, business combinations, and segment reporting. The goal was to provide a comprehensive overview of Generally Accepted Accounting Principles (GAAP) in a structured and organized manner. The key findings include detailed information on different accounting policies, changes, and restatements, as well as specific guidelines for industries such as banking, insurance, and not-for-profit organizations.