The most practical, authoritative guide to GAAP

Wiley GAAP 2008 delivers the most recent professional standards developments, in addition to detailed analysis of all generally accepted accounting principles (GAAP), explaining the original, highly technical pronouncements in easy-to-understand terms and providing battle-tested, real-world examples and implementation guidance. Wiley GAAP 2008 contains a host of completely updated examples.

This annual publication offers expert interpretation and explanation of all accounting principles currently effective or being deliberated in one single book. The authors provide clear, user-friendly guidance on every pronouncement including FASB Technical Bulletins, AcSEC Practice Bulletins, FASB Implementation Guides, AICPA Statements of Position, and AICPA Accounting Interpretations.

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, a definition of terms, concepts, rules and examples, and for some chapters, specific appendices. Wiley GAAP 2008 contains a detailed index for easy reference use.

Barry J. Epstein (Chicago, IL) is a partner with Russell Novak &Company, LLP, where he specializes in technical consultation on accounting and auditing matters, litigation consulting, and corporate governance. Ralph Nach (Chicago, IL) is a partner in the National Office of Audit and Accounting of McGladrey &Pullen, LLP, where he specializes in technical consultation and continuing professional education. Steven M. Bragg (Centennial, CO) has been the chief financial officer or controller of four companies, as well as a consulting manager at Ernst &Young. He is the author of 27 books published by Wiley.

Published annually, Wiley GAAP 2009is a thorough study and analysis of all generally accepted accounting principles (GAAP) set forth in the pronouncements of the FASB (Financial Accounting Standards Board). Providing user-friendly guidance in a single book on every pronouncement, including AcSEC Practice Bulletins, FASB Implementation Guides, AICPA Statements of Position, and AICPA Accounting Interpretations, this guide is accompanied by a searchable CD-ROM allowing readers to gain instant access to any topic. Accountants, CPAs, and financial professionals will benefit from the expert coverage of the authoritative accounting literature.

The most practical, authoritative guide to GAAP

Wiley GAAP 2009 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. This useful guide contains AICPA Accounting Standards Executive Committee (ASEC) Statements of position, with all pronouncements explained, using relevant terminology and practice-oriented real-world examples.

Delivering the most recent professional standards developments, in addition to detailed analysis of all GAAP, Wiley GAAP 2009 explains the original, highly technical pronouncements in easy-to-understand terms through a host of completely updated examples.

Barry J. Epstein (Chicago, IL) is a partner with Russell Novak &Company, LLP, where he specializes in technical consultation, litigation consulting, and corporate governance. Ralph Nach (Chicago, IL) is a Vice President of AuditWatch for which he writes, teaches, and consults on a wide range of accounting, auditing, and financial reporting matters. Steven M. Bragg (Centennial, CO) has been the Chief Financial Officer or Controller of four companies, as well as a consulting manager at Ernst &Young.