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The FASB
is the primary accounting setting body in the US
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∙ 11y ago
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What is the authoritative body in the US having the primary responsibility for developing accounting principles?
help me with this one please the authoritative body in the United States having the primary responsibility for developing accounting principles
What are the two primary organizations in the US that are responsible for setting standards related to the preparation of accounting information?
Financial Accounting Standards Board (FASB) and Public Company Accounting Oversight Board (PCAOB)
The primary body in the US that has responsibility for Generally Accepted Accounting Principles is?
The Security and Exchange Commission.
Who is the primary accounting standard setting body in the US?
The IRS ? No....the SEC (Securities and Exchange Commission) would appear to have the most legal power in response to the establishment of standards. The FASB (Financial Accounting Standards Board), however, has been delegated this authority through the SEC, as long as they satisfy public interest.
What were the statagies the US used in the Vietnam war?
Strategy: Attrition Tactic: Search & Destroy Accounting process: Body Count
Who sets US accounting rules?
Financial Accounting Standards Board (FASB) set US GAAP (Generally Accepted Accounting Practices)
How long do you keep accounting records in the US?
How long to keep accounting records for business in the US
What is the relationship between accounting theory and accounting standards?
Accounting Theory:Accounting theory helps us in understanding the basic concepts about the accounting and practises.Accounting Standards:Accounting standards describes us that how books of accounts should be prepared and also how particular accounting transection should be dealt in standard way so that every body in the world should follow and prepare books of accounts in same way which will be very helpful for anybody for comparison purpose.
When was US General Accounting Office Building created?
US General Accounting Office Building was created in 1951.
Is Accounting ingrained in your society and it is vital to your economic system in the US?
is accounting ingrained in our society and it is vital your economic system in the US?
Who set accounting rules?
Financial Accounting Standards Board (FASB) set US GAAP (Generally Accepted Accounting Practices)
Why is the study of accounting important?
it is important because accounting allow us to monitor the profit of the business
