OverviewAccounting GAAP Principles 3rd edition is an accessible textbook which assumes a basic knowledge of financial accounting. The book uses a concepts-based approach and sound pedagogy which helps readers understand and apply the accounting standards collectively known as Generally Accepted Accounting Practice (GAAP). The textbook covers the complete curriculum for undergraduate studies so that only one book can be used for second and third year. There are also multi-faceted examples and carefully developed questions which test a range of concepts from various perspectives. These features will prepare students for the different accounting scenarios they will encounter in their working life.