GAAP Reporter - Thomson Reuters Checkpoint

GAAP REPORTER on Checkpoint

SECTION-BY-SECTION EXPERT GUIDANCE COVERING THE ENTIRE BREADTH OF THE FASB CODIFICATION

GAAP Reporter is a unique new research resource designed to help accounting and financial reporting professionals ensure they are in compliance with GAAP (Generally Accepted Accounting Principles). Our own expert authors provide in-depth, section-by-section guidance, interpretation and analysis on the entire breadth of the Financial Accounting Standards Board's (FASB) Codification, as well as updated coverage to reflect any new changes issued by FASB.

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GAAP Reporter is organized according to the structure of the FASB Codification, with detailed guidance in the form of Explanations for each section. These expert-authored Explanations make the Codification easier to understand by restating the language in the Codification in clear, straightforward terms and providing professional insights, expertise, and illustrations on how to apply the guidance in practice.

These insights typically cover:

Common practice in applying the guidance in the Codification
Common pitfalls in applying the guidance
Recent or pending updates to the guidance
SEC comment letters
Differences between IFRS and U.S. GAAP
How to perform a calculation described in the guidance
Illustrative examples of required disclosures

In addition to comprehensive expert analysis and commentary, the GAAP Reporter also contains time-saving practice aids, including detailed annual and interim disclosure checklists, client letters, and memoranda. Updates are made in an extremely timely manner by a full-time staff of expert authors at Thomson Reuters. The GAAP Reporter also provides access to the full text of the Codification, and for each section of the Codification brings together any Accounting Standards Updates, Prior Versions of the Codification, and related Original standards related to that section. No other product on the market comes close to GAAP Reporter in terms of scope of coverage and detail of expert analysis.

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