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Essay

Regulatory Bodies

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Issue:

Business

 

Written by:

Walter H

 

Date added:

August 19, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 606

 

Was viewed:

1911 times

 

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Essay content:

In the United States, financial accounting is performed while adhering to General Accepted Accounting Principles (GAAP) guidelines. Regulatory bodies set these accounting standards and formulate the principles outlined in the GAAP. Four of these accounting regulatory bodies are: the Securities and Exchange Commission (SEC), Financial Accounting Standards Board (FASB), Federal Accounting Standards Advisory Board (FASAB), and Governmental Accounting Standards Board (GASB)...
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Four of these accounting regulatory bodies are: the Securities and Exchange Commission (SEC), Financial Accounting Standards Board (FASB), Federal Accounting Standards Advisory Board (FASAB), and Governmental Accounting Standards Board (GASB). Accounting measures a company's success at meeting its goals and it helps users understand how efficiently economic resources are being used...
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