As a result of the global convergence of financial reporting standards, U.S. GAAP is changing profoundly. U.S. GAAP is also being abandoned by many companies, to be replaced by a higher-quality set of global standards. The Convergence Guidebook for Corporate Financial Reporting provides the timely, practical guidance needed. CFOs, controllers, and other financial managers will be equipped to prepare for the impact of Convergence on their companies, departments, and careers. Guidebook readers will learn why they must begin preparing for "the next big challenge in corporate financial reporting" now.