PREFACE

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Wiley GAAP 2014: Interpretation and Application provides analytical explanations, copious illustrations, and nearly 300 examples of all current generally accepted accounting principles. The book integrates principles promulgated by the FASB in its Accounting Standards Codification.™

With the completion and public release of the FASB's codification project, virtually all formerly promulgated and still-extant US GAAP was superseded by a unified, codified set of standards. All such guidance is presented in a single, integrated set of materials, and former individual standards, interpretations, and other requirements have been withdrawn. This completely integrates the Accounting Standards Codification (ASC) references into the Wiley GAAP reference work that is now in its 30th annual edition. ...

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