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Q: WHAT IS THE DEFINITION OF ACCOUNTING ACCORDING TO AICPA?
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What is accounting according for AICPA?

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What is the function of the Accounting Standards Executive Committee?

The AICPA's Accounting Standards Executive Committee (AcSEC), which works closely with the FASB and its staff, is the senior technical committee of the AICPA authorized to set accounting standards and to speak for the AICPA


What is accounting according to AICPA in 1953?

Accounting is the art of recording, classifying and summarising in a significant manner and in there of many transaction and events which are part at least of financial character and interpreting the results there of.


What generally accepted accounting principles are designated under Category B in the GAAP?

Category B consists of (1) FASB Technical Bulletins and, if cleared by the FASB, (2) AICPA Statements of Position and (3) AICPA Industry Audit and Accounting Guides.


Definition of accounting according to AAA?

The process of identifying, measuring and communicating economic information to permit informed judgments and decisions by users of the information. It suggests accounting information is economic information.


What two accounting organizations merged in 1937 to become AICPA at a later time?

The rivalry continued until 1937, when the ASCPA merged with the AIA. In 1957, the AIA became the American Institute of Certified Public Accountants (AICPA).


What generally accepted accounting principles are designated under Category A in the GAAP hierarchy?

Category A consists of the following officially established accounting principles: (1) FASB Statements of Financial Accounting Standards, (2) FASB Interpretations, (3) APB Opinions, and (4) AICPA Accounting Research Bulletins.


How long has the American Institute of Certified Public Accountants been issuing accounting certificates?

The AICPA has provided this service since 1917.


What authority does the Financial Accounting Standards Board have over generally accepted accounting principles?

The FASB has the authority to establish GAAPs but has no authority to enforce its standards. The SEC and the AICPA are the organizations that provide the enforcement mechanism.


Definition of accounting as an art?

expalin accounting as an art?


Definition of computer accounting?

Writing resume/, economic,/ statement month/,finance,and business


Give the definition of accounting as proposed by the American Accounting Association?

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