A user-friendly source of on-the-job help for applying generally accepted accounting principles in practice. The Handbook provides guidance in resolving any issues and problems that the accountant may face day-to-day in applying GAAP. It contains all of the important authoritative pronouncements on GAAP with references to both the new FASB accounting standards codification and the original literature, including: Practical rules of thumb for evaluating and solving the problems of accounting and disclosure Illustrative examples Sample annual report financial statement disclosures