An essential guide for all corporate and public accountants, CPA candidates, financial managers, and accounting students Wiley GAAP 2004 is a thorough study and analysis of all generally accepted accounting principles (GAAP) set forth in the pronouncements of the FASB (Financial Accounting Standards Board) and its predecessor agencies. All pronouncements are explained with relevant terminology and practice-oriented real-world examples. Each chapter is composed of a discussion of perspectives and issue, sources of GAAP, and a definition of terms, concepts, rules, and examples. Patrick R. Delaney was the Arthur Andersen LLP Alumni Professor of Accountancy and Chair of the Department of Accountancy at Northern Illinois University. Barry J. Epstein is a partner in the Chicago-based firm Gleeson, Sklar, Sawyers Cumpata, LLP. Ralph Nach is a Managing Director with the Chicago office of American Express Tax Business Services, Inc. Susan Weiss Budak is a consultant working primarily with the FASB, AICPA, and NCES.
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!