Financial accounting standards board, Accounting Standards

Assignment Help:

In 1973 and independent seven-member full-time Financial Accounting Standards Board (FASB) replaced the Accounting Principles Board. The FASB has published numerous Statements of Financial Accounting Standards. The Accounting Principles Board Opinions and old Accounting Research Bulletins are still effective unless specifically superseded by a Financial Accounting Standards Board Statement. The FASB is the private sector organization currently responsible for the development of new financial accounting standards. The Emerging Issues duty Force of the FASB interprets official pronouncements for general application by accounting practitioners. The conclusions of this task force should as well be followed in filings with the Securities and Exchange Commission.


Related Discussions:- Financial accounting standards board

Official legal documents - governing documents, Governing Documents - Offic...

Governing Documents - Official legal documents which dictate how an entity is operated. Governing documents of a CORPORATION include ARTICLES OF INCORPORATION and BYLAWS; a PARTNER

Attempts towards standardisation, Standardization in UK and USA: although ...

Standardization in UK and USA: although the Institute of Chartered Accountants in England and Wales began creating recommendations as 1942, real progress started along with the es

The book of Deven Verma could not be tallied. The ac, The book of Deven Ver...

The book of Deven Verma could not be tallied. The accountant transferred the difference of Rs. 1,270 in the suspense account on the debit side. The following mistakes were found la

Gaap and ifrs, how much does a paper costs regarding differences and simili...

how much does a paper costs regarding differences and similiarities of gaap and ifrs for 4 companies

Help with case problem, Hello, I am interested in help on an ACCO 310 case...

Hello, I am interested in help on an ACCO 310 case which is due on Tuesday the 13th at 12 PM. Please contact me at your earliest convenience and hopefully we can work something ou

Accounting presentation, Hello, I have a presentation about an assigned ca...

Hello, I have a presentation about an assigned case study from the book and i also have the solution manual. I am extremely busy till the day of my presentation and my english lan

Trading account, Trading account is ready to ascertain the Gross Profit and...

Trading account is ready to ascertain the Gross Profit and Loss of a firm; here Gross Profit is the excess of total revenue over cost of goods sold as the credit side of the tradin

Question, How long after payment will it take to get a response#question?

How long after payment will it take to get a response#question?

Determine the carrying amount of intangible assets, A company incurred the ...

A company incurred the following expenditure during the year:                                                                                                    $'000  $'000  Lic

Financial consequences of business decisions, Q. Financial consequences of ...

Q. Financial consequences of business decisions? When nowadays college students are polled about their long-term career choice an astonishingly large number respond that they w

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd