This handbook provides practical guidance for accountants on the day-to-day application of Generally Accepted Accounting Principles (GAAP). It addresses common issues and problems encountered in practice, offering solutions and clear direction. The text integrates all significant authoritative pronouncements on GAAP, cross-referencing both the current FASB Accounting Standards Codification and prior literature to ensure comprehensive and up-to-date information for users.

This handbook is designed as a user-friendly resource for accounting professionals, aiming to provide immediate, practical assistance in applying GAAP. Its structure, which includes references to both current and historical accounting standards, suggests a focus on thoroughness and accessibility for those navigating complex accounting regulations. The inclusion of a CD-ROM indicates a potential for supplementary digital resources or tools to aid in application.