The staple of accountants and financial professionals for up-to-the-minute GAAP coverage This expert, comprehensive resource is a thorough study and analysis of all generally accepted accounting principles (GAAP) set forth in the pronouncements of the Financial Accounting Standards Board and its predecessor agencies. Wiley GAAP 2002 also contains AICPA Accounting Standards Executive Committee Statements of positions. All pronouncements are explained with relevant terminology and practice-oriented, real-world examples.