This manual offers analysis and explanation of FASB statements, interpretations, ARBs and APB opinions, with detailed examples and illustrations, an in-depth disclosure index, observation paragraphs, and extensive cross-referencing.

This text aims to provide easy-to-follow information on FASB statements and interpretations, APB opinions, and ARBs. It includes a disclosure index containing many of the mandatory and recommended disclosures in use, and observation paragraphs that present alternative aspects of GAAP practice pointers, offering practical examples to demonstrate and clarify specific accounting principles.