My qualifications: bachelor's degree in Business Administration, BS Accounting, MBA Finance, CPA, Corporate Controller and Financial Manang. I have been buying and reviewing new editions of this text every year for over 20 years now. Why? For if the statement is your profession, you can not afford not to be completely up to date. Things change. While all you want to do is make a decent wage and vegetate somewhere, is someone trying to bury you and take your job (or your company). Count on it. It's about competitiveness, survival and prosperity. When can you stop studying? Never.
This is the text to put yourself forward. I've seen shorter, simpler, smaller and much cheaper texts. But you will have a competitive advantage or not?
There are other non-book options. If your're a CPA, you have to keep putting up with the CPE program forever (sigh), but they can not hack it in more detail in relation to this. Although AICPA Journal of Accounting, highly recommended, and much faster than any book can not cover everything in detail.
Or you can take a CPA exam review course that Becker was so oftern. It will set you back a fortune and hundreds of hours of your life. But you will be completely up to the minute on everything. How long you can remember anything after reviewing the course is another matter.
"A practicing CPA simply can not know the answers to many practice questions as they arise, but rather needs the ability to find those answers." (NASB site) This is a stop text to make it.
Some advice. You should not take the text into the office, if you see it (or similar) to partners bookshelves. Keep it in the car for lunch, after work, fake toilet breaks, last minute reviews before you go, or what. Also, never ever take it in a client's website. It can sometimes seem like a good idea, but your boss will probably slap you around for that.
All text is only good for a couple of years, then spring for a new edition. If you see this text, give yourself some time to work through it on the parts that are new to you or give you the most problems or problems at work. So consider buying the study guide. It is not a substitute for the book, but it can speed things up for you a lot.
If you think there is much work or nonsense, try to weigh it against not getting a good raise or promotion. Greetings and good looks.
P.S. I'm on this side since I purchased my last copy.
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