Expert, comprehensive resource lists all GAAP pronouncements with intepreations and applications of the authoritative accounting literature The latest edition of this definitive, annual guide includes both AICPA accounting Standards Executive Committee Statements of Position and Emerging Issues Task Force Abstracts, explains with relevant terminology an practice-oriented, real-world examples. Each chapter contains a through analysis of its topic, sources of GAAP, definitions of terms, concepts, and rules, and specific appendices when appropriate. This indispensable staple of corporate and public accountants and CPA candidates also provides a detailed index for easy reference use.
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!