GAAP Reporter is a unique research resource designed to help accounting and financial reporting professionals ensure they are in compliance with GAAP (Generally Accepted Accounting Principles).

GAAP Reporter is organized according to the structure of the FASB Codification, with detailed guidance in the form of Explanations for each section. These expert-authored Explanations make the Codification easier to understand by restating the language in the Codification in clear, straightforward terms and providing professional insights, expertise, and illustrations on how to apply the guidance in practice.

These insights typically cover:

• Common practice in applying the guidance in the Codification
• Common pitfalls in applying the guidance
• Recent or pending updates to the guidance
• SEC comment letters
• Differences between IFRS and U.S. GAAP
• How to perform a calculation described in the guidance
• Illustrative examples of required disclosures

In addition to comprehensive expert analysis and commentary, the GAAP Reporter also contains time-saving practice aids, including detailed annual and interim disclosure checklists, client letters, and memoranda. Updates are made in an extremely timely manner by a full-time staff of expert authors at Thomson Reuters.

GAAP Reporter also provides access to the full text of the Codification, and for each section of the Codification brings together any Accounting Standards Updates, Prior Versions of the Codification, and related Original standards related to that section.

No other product on the market comes close to GAAP Reporter in terms of scope of coverage and detail of expert analysis.