The staple of accountants and financial professionals for up-to-the-minute GAAP coverage This expert, comprehensive resource is a thorough study and analysis of all generally accepted accounting principles (GAAP) set forth in the pronouncements of the Financial Accounting Standards Board and its predecessor agencies. Wiley GAAP 2002 also contains AICPA Accounting Standards Executive Committee Statements of positions. All pronouncements are explained with relevant terminology and practice-oriented, real-world examples.
This textbook is well put together and gives the information to the student in a clear way. As I am learning this subject in college, this book has made it easier and more efficient to learn accounting. Not only is the book fantastic, but the online version is very useful as well. It gives an excellent summary of the chaos that highlights and bolds the important information needed to apply this to my daily life. I would recommend this book to any student in school or any individual that is looking to increase their knowledge in the business and financing area!