Customer Reviews

GAAP 2009: Handbook of Policies and Procedures (GAAP Handbook of Policies & Procedures)

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First, don't be misled by the title. You won't get much help if you're trying to write accounting procedures at your company.

The thick "Handbook of Policies and Procedures" has quite a bit of padding, in the form of (often old) annual report excerpts from various companies. These occupy too much of the book, in my opinion, and they are of limited value anyway in this day and age of electronically available SEC filings. If I wanted the 2004 AICPA Trends and Techniques, I would have bought it :(

In fairness, the handbook does have broad coverage of many GAAP topics, logically structured around the financial statements, and it's a useful part of my desk library. And I like the CD that comes with it.

As an industry CPA involved in external disclosure, I find myself referring to Wiley GAAP 2008 a little more often, though, for more in-depth, interpretative guidance - without the lazily copied filler ;)

This has to be the most worthless GAAP book ever written. OMG. Don't be fooled by the title.