Accounting Standards, Financial Accounting Standards Board. Fasb/ Mcgraw-hill, 1221 Avenue Of The Americas, New York, Ny10020; Two Paperback Volumes: 2,048 Pp. And 1,936 Pp., $22.50 And $24.50.

 

Volume I, Original Pronouncements, contains all FASB rules re garding audited financial reports, whether superseded or not, and the reasoning behind the rules. Volume 2, Current Text, reworks and reorganizes the entries, acting as a decoder; it also provides helpful flow charts showing disclosure connections. Both volumes are needed for full appreciation.