This is the most practical, authoritative guide to GAAP. "Wiley GAAP 2009" is a thorough study and analysis of all generally accepted accounting principles (GAAP) set forth in the pronouncements of the FASB (Financial Accounting Standards Board) and its predecessor agencies. This useful guide contains AICPA Accounting Standards Executive Committee (ASEC) Statements of position, with all pronouncements explained, using relevant terminology and practice-oriented real-world examples. Delivering the most recent professional standards developments, in addition to detailed analysis of all GAAP, "Wiley GAAP 2009" explains the original, highly technical pronouncements in easy-to-understand terms through a host of completely updated examples.Barry J. Epstein (Chicago, IL) is a partner with Russell Novak & Company, LLP, where he specializes in technical consultation, litigation consulting, and corporate governance. Ralph Nach (Chicago, IL) is a Vice President of "AuditWatch" for which he writes, teaches, and consults on a wide range of accounting, auditing, and financial reporting matters. Steven M.Bragg (Centennial, CO) has been the Chief Financial Officer or Controller of four companies, as well as a consulting manager at Ernst & Young.