The gold standard in US GAAP practice resources-fully updated to include the latest pronouncements Wiley GAAP 2025 offers comprehensive coverage of all Financial Accounting Standards Board (FASB) topics, including all the latest updates. Each chapter delivers a robust discussion of perspectives and relevant issues, sources of GAAP, practice-oriented examples, and accurate definitions of terms, concepts, and rules. Accounting standards are difficult to understand, but Wiley GAAP 2025 explains each FASB Topic in a clear, reader-friendly way, with dynamic graphics to aid in the understanding and retention of complex subjects. The author reviews all the latest changes to accounting principles and offers expert guidance on complicated issues raised by specific pronouncements. She includes topic-specific chapters and comprehensive cross-references to aid readers conducting quick research and clarifies how to implement each standard with several practical examples. This edition includes bonus downloadable, online Financial Statement Disclosure and Presentation Checklist, now with industry-specific disclosures! Also, new for 2025 is access to a newsletter which is updated with information throughout the year. The 2025 edition covers the latest developments in the presentation and disclosures in financial statements, reporting crypto assets, improved segment reporting, and new disclosures for joint venture formations and income taxes. Wiley GAAP 2025 remains your one-stop resource for staying up to date with constantly changing guidelines and delivers the guidance and insight you need.