Generally-Accepted-Accounting-Principles

This book is necessary for any person who works in the financial industry. It is detailed yet easy to understand. A very helpful reference book.

Written in a precise and coherent manner this book is easy to read and comprehend. The text is extensively cross-referenced with the sources of GAAP. The book is filled with examples of GAAP apllication and will be definitely useful for both practitioners and advanced students of accounting.

I am very impressed with this reference book. It has saved me valuable time in my accounting practice. I have turned to it a number of times this past year, and so far Warren Ruppel has never let me down. He seems to have a nack for presenting a clear and thorough understanding of each topic in a concise manner. I also recommend accounting material written by Rhett Harrell.

I've been using the GAAP for Governments book for the past three years and not only does it continue to impress me, but it keeps getting better. It is complete, easy-to-read, and has been instrumental in helping me and my associates in our practice. I've read similar books on Governmental GAAP but no other book seems to explain these difficult topics in such a clear and complete manner. This is one of the most valuable books I have every owned.

THIS GUIDE IS EXCELLENT FOR THE USE OF THE PRESENTATION OF GENERAL-PURPOSE FINANCIAL STATEMENTS. IT GIVES DETAIL EXPLANATIONS OF HOW INFORMATION SHOULD BE PRESENTED. THE EXAMPLES GIVEN ARE WRITTEN IN A WAY THAT YOU CAN UNDERSTAND WITHOUT HAVING TO READ INTO THE EXPLANATION. UNLIKE SOME OF THE AICPA BOOKS THAT ARE OUT THERE, WHERE IT READS LIKE IT IS IN SOME OTHER LANGUAGE BESIDES ACCOUNTING. IT IS A VERY PRACTICAL GUIDE TO INCREASE THE CORRECT PRESENTATION OF YOUR FINANCIAL STATEMENTS AND ALSO AID IN THE IMPLEMENTATION OF CORRECT ACCOUNTING FUNCTIONS FOR YOU GOVERNEMTNAL SITUATION.

Interpretation and Application of GENERALLY ACCEPTED ACCOUNTING PRINCIPLES 2001 - is an excellent reference material on GAAP covering all relavent topics in a very comprehensive and easy to understand language. Its 23 chapters covers all the topics that you would refer on a day to day basis. For candidates who are planning to write CPA exams, this book is the best source of information on various GAAPs and their practical application. It provides invaluable information on the researching GAAP problems in Chapter 1 and describes how GAAP hierarchy works, I find this chapter very useful in understanding the basic scheme of integration of various GAAP which has originate from multiple sources.

Other chapters covers the topics relating to balance sheet, statements of income and comprehensive income, statement of cash flows, cash, receivables and prepaid expenses, short term investments and financial instruments, inventory, special revenue recognition areas, long lived assets, investments, business combinations and consolidated financial statements, current liabilities and contingencies, long term debt, leases, income taxes, pensions, shareholders' equity, earnings per share, interim and segment reporting, accounting changes and correction of errors, foreign currency, personal financial statements and specilized industry GAAP.

If you work in accounting, this is the only reference book you need.

I bought it as a reference book during an MBA class in Financial Statement Analysis. Helpful and complete.

In all honesty, this is the sexiest thing ever to be committed to the printed page. All the players are here: FASB, AICPA, APA, IASB, EITF...delicious. Discussions on technical bulletins, interpretations and opinions are all concise and easy to understand, but still so lovingly complete. I used this book every single day in accounting theory and it proved incalculably useful. Clocking in at over 1,200 pages, the girth of this tome also made me feel more masculine as I lugged its enormousness past the droves of simpering art and english majors.

This book is especially useful if you need to research a wide range of accounting topics quickly. The format is very clean and easy to follow, but this is by no means a replacement for your other, likely numerous, accounting books. Basic to intermediate accounting knowledge is assumed and the level of detail is not akin to your standard accounting textbook; as there are relatively few examples and practice exercises (though they ARE there). If you are an accounting student, or just need to keep current, this is an invaluable tool. FYI: It also makes an excellent bludgeon.

I've been using the Wiley GAAP guide for the past four years and I couldn't practice without it. It presents the standards in a clear and easy to read format. I find the interpretations tell me exactly what I need to know in plain English. I always know I can depend on this book for information and keep in handy on my desk at all times.

My rating has nothing to do with this book, but about trying to figure out why this edition (Nov 2003) was so much more expensive than the earlier edition (Oct 2003). I had to use the ISBN and research other websites and believe I figured it out - the Nov edition (ISBN 0471472409) includes a CD ROM, but the October edition (ISBN 0471453927) is only the book. Without the table of contents or more descriptive editorial review, it took me way too long to figure this out! I hope this review helps others.