How to prepare financial statements and much more

Preparing complete and accurate financial statements and related notes can be very challenging. PPC’s Guide to Preparing Financial Statements gives you the tools you need to quickly and efficiently create financial statements and note disclosures that comply with the latest accounting and financial reporting requirements.

Your complete guide to financial statement preparation

The Guide is a financial statement preparers' manual tailored especially for preparers of financial statements for nonpublic companies. It takes you from the trial balance to the completed financial statements (including notes) in statement-by-statement, account-by-account sequence, regardless of whether the statements are audited, reviewed, compiled, or prepared by accountants in industry. You can use the information, including a disclosure checklist, to prepare financial statements and disclosures in accordance with generally accepted accounting principles or a special purpose framework.

When you encounter a new reporting issue, it is beneficial to see how other financial statement preparers may have reported the same or a similar issue. The Trends volume presents numerous sets of illustrative real-life financial statements and notes from a variety of industries using various reporting bases, referenced by an easy-to-use finding list and index to help you quickly find helpful illustrations.

As you face complex accounting and disclosure issues, you often need detailed, practical guidance. The Guide addresses a number of these issues including:

• Business combinations
• Consolidations and combinations
• Tax transactions
• Fair value measurements
• Interest rate swaps and other derivative instruments

Additionally, the Guide covers financial statement and disclosure issues unique to retail, automobile dealerships, construction contractors, and nonprofit entities.

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