Publisher's Synopsis
Introductory GAAP is a way of understanding the daunting requirements of South African Statements of Generally Accepted Accounting Practice (GAAP). It deals with the requirements of the most important standards, concisely presented, using numerous examples. Introductory GAAP enables readers to grasp the key elements of what accounting standards require in order to achieve fair presentation in financial statements. Each chapter introduces and explains the concepts involved, illustrates how figures should be computed, and indicates how items should be disclosed. Excessive technical detail is avoided, assisting readers to come to a quick understanding of the various accounting standards, and how to implement them.
