Publisher's Synopsis
Annually revised, this is a thorough study of all generally accepted accounting principles set forth in the pronouncements of the FASB (Financial Accounting Standards Board) and its predecessor agencies. All original pronouncements having general applicability are explained with the relevant terminology and examples. Each chapter is composed of a discussion of perspectives and issues, sources of GAAP, a definition of terms, concepts, rules and examples, disclosures, and chapter-specific appendices.
