CCH"s U.S. Master GAAP Guide offers solutions to many complex accounting and disclosure problems by providing accountants with superior technical analysis, new insights, and practical explanations of accounting principles in a single affordable volume. The Guide explains and analyzes Accounting Research Bulletins, Accounting Principle Board Opinions, Financial Accounting Standards Board Statements, FASB Interpretations, and FASB Technical Bulletins. Summary coverage of FASB Concept Statements, FASB Emerging Issues Task Force Abstracts, AICPA Statements of Position, and selected SEC Staff Accounting Bulletins are also included. The U.S. Master GAAP Guide groups pronouncements into Topics that, in turn, are arranged to follow major balance sheet headings. This organization allows the reader to find all current pronouncements on a given subject in one section of the book. The book features a "What"s New In This Edition" section at the beginning of the book that reports on new changes made since the previous edition. Substantive developments are integrated into the relevant discussions found in each Topic. The book uses a helpful three-step approach for each Topic to give readers easy access to practical insights and depth of understanding. First, the U.S. Master GAAP Guide features flow charts that illustrate the decision process and accounting procedures. Then, general discussion of the major provisions provides a context for understanding; and finally, detailed examples show the specific computations and accounting requirements. FEATURES AND BENEFITS: - Topically arranged to follow major balance sheet divisions as closely as possible. - Three-level approach of explanation and analysis--including flow charts, general discussion, and detailed examples--helps make the official pronouncements easy to understand. - Serves as a working guide to help practitioners find solutions to complex practice problems. - Helps prepare CPA Exam candidates for the portion o