The definitive guide to understanding and applying current US GAAP standards

US GAAP is constantly updated, requiring accountants and financial practitioners to stay current with changes. Wiley GAAP 2026: Interpretation and Application of Generally Accepted Accounting Principles delivers comprehensive coverage of all Financial Accounting Standards Board Topics with the latest updates. Written by experienced accounting professional Joanne M. Flood, CPA, this resource provides the authoritative guidance needed to maintain compliance.

Wiley GAAP 2026 includes updates on Expense Presentation, Business Combinations, Internal-Use Software, Credit Losses, and more. Each chapter provides perspectives and issues, GAAP sources, practice-oriented examples, and concise definitions of concepts, rules, and terms. Every Topic is clearly explained with illustrations and graphics that help readers apply the information to real-world scenarios.

This essential resource also includes:

• Comprehensive coverage of all FASB Topics and pronouncements, including Implementation Guides, and AICPA’s FinREC opinions
• Topic-specific chapters with cross-references for easy research and practical examples demonstrating how standards apply to common scenarios
• Clear explanations accompanied by illustrations and graphics that help readers understand and implement each standard
• A downloadable Financial Statement Disclosure and Presentation Checklist for Commercial Businesses with industry-specific disclosures
• Access to a newsletter providing updates throughout the year to keep practitioners current on ongoing changes

Accountants, financial managers, controllers, and CFOs will find Wiley GAAP 2026 to be their one-stop resource for staying up to date with constantly changing accounting guidelines and ensuring compliance with GAAP standards.

Joanne M. Flood, CPA, MBA, has worked with small businesses and large enterprise clients. She has experience in a Big 4 international firm and a small firm. Joanne is a former senior manager in the AICPA’s Professional Development group, where she managed the development of accounting and auditing courses and pioneered the AICPA’s e-learning product line. She received her MBA in Accounting Summa Cum Laude from Adelphi University. Her extensive experience developing professional education materials for accountants informs her authoritative, practice-oriented approach to explaining complex accounting standards.