Description
In most cases Accepted Accounting Principles (GAAP) are used as the basis for financial reporting. The original GAAP documents span thousands of pages, and so are difficult to investigate. The GAAP Guidebook solves this problem by condensing the important thing elements of GAAP into a single volume. This book describes every accounting topic, how accounting information is to be disclosed, and where to seem within the GAAP source documents for additional info. The text incorporates hundreds of practical examples that show the way to apply GAAP to real-world situations, in addition to sample journal entries and usage tips.