Pocketbook of US GAAP
About the Book :
About the Book:
Unlock the Essentials of US GAAP with this Comprehensive Pocketbook!
Designed for professionals and students alike, Pocketbook of US GAAP is a concise, practical, and easy-to-reference guide covering the full ASC Codification from ASC 105 to ASC 985. Whether you’re a CPA, CFO, auditor, financial analyst, or accounting student, this book delivers crystal-clear explanations, real-world examples, and actionable insights to help you understand and apply US Generally Accepted Accounting Principles (GAAP) with confidence.
✔ Quick Reference to All ASC Topics
Organized by Accounting Standards Codification (ASC) topics, this guide includes core concepts, recognition criteria, measurement rules, disclosures, and practical checklists for all key areas — from revenue recognition (ASC 606) and leases (ASC 842) to fair value measurement (ASC 820) and business combinations (ASC 805).
IFRS vs GAAP Comparison
Understand the key differences between US GAAP and IFRS with dedicated comparison sections. A must-have for professionals working with global clients or multinational operations.
Real-Life Case Studies
Case studies simplify complex standards and bring them to life with industry-specific examples across healthcare, nonprofits, insurance, and more — ideal for exam preparation or on-the-job application.
Built-In Compliance Checklists
Save time and reduce errors with pre-built checklists that ensure you’re meeting all essential disclosure and reporting requirements. Great for auditors, internal finance teams, and SOX compliance professionals.
Covers Key GAAP Areas:
- ASC 105 – Generally Accepted Accounting Principles
- ASC 606 – Revenue from Contracts with Customers
- ASC 842 – Leases
- ASC 810 – Consolidation
- ASC 820 – Fair Value Measurement
- ASC 958 – Not-for-Profit Entities
- ASC 740 – Income Taxes
- ASC 450 – Contingencies
- And many more…
Who Should Read This Book?
- Accountants preparing for CPA, CMA, or ACCA exams
- Audit and compliance professionals
- Financial controllers, CFOs, and analysts
- Students and faculty in accounting and finance
Why This Book Stands Out:
- Compact yet complete – Perfect as a desk reference
- Logical structure for fast access to ASC topics
- Cross-industry case studies for practical relevance
- Includes key GAAP vs IFRS differences
- Ideal for US-based and international professionals
Bonus Features Included:
- Comprehensive ASC Topic Index for instant lookup
- Side-by-side comparison charts: GAAP vs IFRS vs Ind AS
- Templates and tools for internal controls and risk assessment
- Smart formatting for quick navigation on Kindle and print
This accounting standards handbook isn’t just for theory — it’s built for real-world application in audits, reporting, valuation, and cross-border transactions. Whether you’re finalizing financial statements, managing due diligence, or interpreting industry-specific guidance, this book serves as your one-stop compliance companion.
Stay compliant. Stay confident. Stay ahead.
If you’re looking for a no-fluff, high-impact US GAAP guide to boost your compliance, enhance your reporting accuracy, and sharpen your knowledge, this is the ultimate handbook.
