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Regulatory Bodies
Essay specific features
Written by:
Walter H
Date added:
August 19, 2015
Level:
University
Grade:
A
No of pages / words:
3 / 606
Was viewed:
1898 times
Rating of current essay:
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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