<p><b>The most comprehensive guide to US GAAP—thoroughly updated to reflect the latest pronouncements</b></p> <p>US GAAP is constantly being updated, requiring its users to be armed with expert interpretation and explanation of the relevant principles. <i>Wiley GAAP 2021</i> provides the most complete coverage of all Financial Accounting Standards Board (FASB) Topics – including the latest updates.</p> <p>Each chapter includes discussion of perspectives and issues, sources of GAAP, practice-oriented examples, and accurate definitions of terms, concepts, and rules. Every FASB Topic is fully explained in a clear, reader-friendly way with dynamic graphics to aid in understanding complex topics. Extensively updated to reflect all current US GAAP changes, this indispensable book:</p> <ul> <li>Reviews the latest changes to accounting principles, including credit losses, inventory, financial instruments, leases, and revenue</li> <li>Offers expert guidance on issues surrounding specific pronouncements</li> <li>Includes comprehensive cross-references and topic-specific appendices</li> <li>Explains how the standards apply to common real-world scenarios</li> <li>Clarifies implementation through numerous illustrations and practical examples</li> </ul> <p>Accurate and up-to-date GAAP implementation is crucial for eliminating the risk of noncompliance. <i>Wiley GAAP 2021</i> is your one-stop resource for staying up-to-date with constantly-changing guidelines—providing the insight and guidance accounting professionals need.</p>
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