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Who gave the SEC the power to establish accounting principles including setting requirementfor details shownon a financial statement by?
Wiki User
∙ 11y ago
There were a number of laws passed in the US after the stock market disasters of 1927.
The big four laws that established the SEC and its powers were the Securities Exchange Act of 1933 and Securities Act of 1934 and then Trust Indenture Act 1939 and Investment Company Act of 1940.
These were modified in later years including Sarbanes Oxley in 2002, among others.
Wiki User
∙ 11y ago
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What is the private board that currently has the authority to establish generally accepted accounting principles is the?
sec It is not the SEC. It is the FASB (Financial Accounting Standards Board)
What is The private group that currently has the authority to establish generally accepted accounting principles in the US?
The Financial Accounting Standards Board (FASB)
What board is responsible for accounting standards?
The Financial Accounting Standards Board (FASB) assumed responsibility for accounting standards and principles in 1973. It is authorized to amend existing rules and establish new ones.
The purpose of Statements of Financial Accounting Concepts is to?
The purpose of Statements of Financial Accounting Concepts is to : A establish GAAP.
Who formulated the General accepted accounting principles?
Financial Accounting Standards Board
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.
Who is presently the dominant body in the development of accounting principles?
Financial Accounting Standards Board
What has the author Belverd E Needles written?
Belverd E. Needles has written: 'The Complete Cpa Examination Review 1986-1987' 'Needles Financial Accounting with CD Eighth Edition Plus Eduspace One Semester' 'Principles of Managerial Accounting Accounting' 'Needles Financial And Managerial Accounting With Cd And Smarthinking Plus Working Papers Cd' 'Financial Accounting/Soft-Tech Solutions Manual' 'Principles Of Financial Accounting With Revised Cd Plus Smarthinking Plus Working Papers Volume One Ninth Edition Plus Brief Accounting Dictionary' 'Needles Managerial W/cd 7e+edu/bb' 'Principles of Accounting Complete' 'Financial Accounting/Instructors Solutions Manual' 'Principles Of Accounting, Volume 2, Eighth Edition , Working Papers Volume Two and CD-Rom' 'Managerial Accounting Sixth Edition and Fin Graph CD-ROM' 'Financial Accounting, Eighth Edition and Working Papers and smarthinking' 'Managerial Accounting With Student Cd-rom' 'Financial Managerial Accounting With Revised Cd Plus Tutorial Cd Seventh Edition And Eduspace' 'Principles Of Accounting, Volume 2 Chapters 13 to 27' 'Financial Accounting Study Guide' 'Principles Of Accounting, Volume 2 13 to 27 and CD-Rom and Smarthinking' 'Needles Finanacial And Managerial Accounting With Cd And Smarthinking Plus Working Papers 1-14 7e' 'Managerial Accounting Tutor Cd-rom' 'Principles of accounting study guide' -- subject(s): Accounting 'Financial Accouting With Estudy Cd 9th Edition Plus Eduspace' 'Principles Of Accounting With Audio Cd Plus Electronic Working Papers 9th Edition Plus Eduspace Two Semester' 'Managerial Accounting and Study Guide and Smarthinking' 'Principles of Accounting Working Papers' 'Financial and Managerial Accounting Accounting Loose Leaf' 'Managerial Accounting With Cd And Study Guide And Working Papers Sixth Edition And Aspen Foods Practice Set And Smarthinking' 'Principles Of Accounting Complete , Working Papers Volume One Eighth Edition ,Accounting Transaction Tutor Cd-rom With Smarthinking' 'Financial Accounting with Fin Graph and Study Guide and Working Papers and Enron and Solutions Manual' 'Principles Of Financial Accounting, Eighth Edition And Smarthinking' 'Financial Management With Revised Cd Plus Smarthinking Plus Working Papers Volume 1 And 2 7th Edition' 'Principles of Accounting + Principles of Financial Accounting Study Guide, 8th Ed' 'Principles Of Accounting 14 to 27 and Smarthinking and CD-Rom and Working Papers' 'Principles Of Financial Accounting With Cd Revised Ninth Edition Plus Eduspace' 'financial and managerial accounting loose leaf with cd-rom and study guide and accounting dictionary brief and smart thinking' 'Managerial Accounting With Cd-rom Sixth Edition And Study Guide And Smarthinking' 'Needles' Principles of Financial Accounting' 'Financial And Managerial Accounting And Student Cd-rom And Working Papers, Volume 1' 'Principles Of Accounting And Cd-rom, Eighth Edition And Smarthinking' 'Principles Of Financial Accounting And Cd-rom And Excel Template And Cd And Study Guide And Dictionary And Solutions Manual' 'Principles Of Accounting One Thru Twenty Seven Complete Eighth Edition With Cd-rom And Working Papers Volume One And Study Guide With Smarthinking' 'Financial Accounting and Instructor's Solutions Manual' 'Principles Of Accounting Complete With Cd-rom And Working Papers, Volume 1, Eighth Edition And Smarthinking' 'Financial and Managerial Accounting Sixth Edition and Micro-Tech, Fifth Edition and Solutions Manual with CDROM' 'Principles Of Accounting Complete And Cd-rom And Working Papers, Volume 1 And, Volume 2, Eighth Edition And Smarthinking' 'Principles Of Accounting Excel Template Cd-rom' 'Financial Accounting Business Bulletin Video and Video Guide Fifth' 'Principles Of Accounting Complete And Student Cd-rom And Working Papers, Volume1' 'Financial & Managerial Accounting Working Papers' 'Financial Managerial Accounting With Cd Revised And Smarthinking Plus Study Guide' 'Finanacial And Managerial Accounting With Cd 7th Edition Plus Study Guide Plus Working Papers Cd' 'Financial And Managerial Accounting With Cd-rom Sixth Edition And Study Guide And Excel Cd-rom And Dictionary And Smarthinking' 'Principles Of Financial Accounting And Working Papers, Volume 1 And Student Cd-rom, Eighth Edition And Smarthinking' 'Financial And Managerial Accounting Working Papers, Volume 2' 'Financial Acctng Wkg Papers' 'Principles Of Accounting, Volume 1 Chapters 1 to 12' 'Financial Accounting With Cd, Eighth Edition And Smarthinking And Working Papers And Bridge Cd-rom And Learning Insight' 'Principles of accounting' 'Financial Accounting 9th Edition Plus Study Guide Plus Eduspace' 'Financial And Managerial Accounting With Cd-rom And Working Papers, Volume 2' 'Principles Of Accounting Complete And Working Papers, Volume 1, Eighth Edition And Smarthinking' 'Principles of Accounting Working Papers Thirteen thru Twenty Seven' 'Managerial Accounting And Cd-rom' 'Principles Of Accounting, Eighth Edition Chapters 1 to 12' 'Financial Accounting/Instructors Handbook' 'Principles Of Accounting Plus Cd Plus Working Papers Volume One Chapters One Toeighteen' 'Financial Accounting and Study Guide and Working Papers, Seventh Edition and Smarthinking and Studen' 'Financial Accounting And Working Papers And Accounting Transaction Tutor 1 - 16 And Cd-rom And General Ledger And Smarthinking' 'Principles Of Accounting 1 to 13 and smarthinking' 'Needles, Principles Of Financial Accounting, With Student Cd, With Study Guide,9th Edition Plus Bridge Cdrom, 8th Edition Plus Eduspace' 'Principles Of Accounting With Cd With Excel Template And Peachtree Cd' 'Principles Of Accounting chapters 14 to 27 with Smarthinking, CD-Rom and Working Papers Volume Two' 'Financial and Managerial Accounting Accounting Tutor 1 to 4' 'Financial Accounting' 'Financial And Managerial Accounting 7th Edition Plus Study Guide Plus Electronic Working Papers Cd Plus Tutorial Cd Plus Smarthinking' 'Principles Of Accounting 14 to 27 and Working Papers and smarthinking' 'Principles Of Accounting Complete And Working Papers, Volume 1' 'Financial Accounting With Cd And Working Papers Eighth Edition And Needles Principles Of Accounting Collegiate And Smart Thinking' 'Financial And Mangerial Accounting Sixth Edition And Working Papers, Volume 1' 'Financial accounting, solutions manual, 6th ed' 'Financial Management' 'Principles Of Accounting Complete With Cd 9th Edition Plus Eduspace Two Semester' 'Principles of Financial Accounting with Student CD-ROM and Study Guide and Working Papers 1 and 2' 'Financial Accounting With Cd-rom And Solutions Manual And Working Papers Cd-rom' 'Financial Accounting, Seventh Edition And Study Guide' 'Principles Of Financial Accounting With Student Cd 8th Edition' 'Peachtree and Quickbooks for Student' 'Principles Of Financial Accounting With Cd-rom, Eighth Edition And Lets Party Disk And Data Disk' 'Needles Principles Of Accounting With Cd And Smarthinking Plus Study Guide Plusworking Papers 1-18' 'Principles of Accounting and Working Papers, Volume 2, Eighth Edition and Peachtree 8.0 with Smarthinking with CDROM' 'Needles, Financial & Managerial Accounting With Student Cd With Study Guide With Working Papers, Volume 1, Chapters 1-14, 7th Edition Plus Eduspace 2' 'Neddles Financial Managerial Accounting With Cd And Working Papers Cd Plus Tutor Cd Plus Study Guide And Smarthking Seventh Edition' 'Needles Managerial Accounting With Student Cdrom Plus Study Guide Plus Electronic Working Papers Cd Seventh Edition Plus Smarthinking' 'Principles of Managerial Accounting' 'Managerial Accounting With Cd And Working Papers Sixth Edition And Aspen Foods Practice Set And Smarthinking' 'Principles Of Accounting Complete And Working Papers, Volume 1 And Study Guide' 'Lotus Problems for Principles of Accounting' 'Financial Accounting With Cd-rom And Fin Graph Cd-rom, Eighth Edition And Smarthinking' 'Financial Accounting/Soft Tech Practice Set' 'Principles Of Financial Accounting With Revised Cd Plus Study Guide And Smarthinking' 'Principles of Accounting 6th Edition with Matthew Sports 2nd Edition' 'Windham Case Study' 'Financial Accounting Fingraph Cd-rom' 'Principles Of Accounting, Volume 2' 'Needles, Financial Managerial Accounting, With Student Cdrom, With Tutorial Cd,With Study Guide, 7th Edition Plus Hmco, Brief, Accouting Dictionary, Plus Eduspace 2' 'Principles Of Accounting Complete , Cd-rom, Study Guide Eighth Edition And Peachtree With Smarthinking' 'Principles of Financial Accounting' 'Principles of Accounting, Volume 2 Chapters 13 to 27' 'Needles Financial And Managerial Accounting With Cd And Smarthinking Plus Working Papers 15-28' 'Needles Financial Accounting With Estudy Cd And Gls Plus Study Guide' 'Financial Managerial Accounting With Cd Revised And Smarthinking Plus Working Papers Cd' 'Needles Principals Of Accounting With Revised Cd Plus Working Papers Volume Oneand Volume Two Ninth Edition Plus Eduspace' 'Financial Accounting/Working Papers Blank' 'Principles Of Accounting With Cd Plus Working Papers 1-18 9th Edition Plus Eduspace Two Semester Plus Mcquaig Spa Magic And Balloon Adventures Practice Sets' 'Managerial Accounting with Enron Supplement' 'Financial Accounting and Four CD's' 'Financial Accounting Windows General Ledger Software' 'Financial and Managerial Accounting, A Sole Proprietorship Approach' 'Principles of Accounting' -- subject(s): Accounting, Accountancy 'Financial Management Accounting' 'Principles of Accounting + Principles of Financial Accounting Working Papers, Volume 1, 8th Ed' 'Principles Of Accounting 14 to 27 and smarthinking' 'Financial Accounting And Study Guide And Finance And Accounting Transaction Tutor 1 - 4 Cd And Smarthinking' 'Managerial Accounting With Cd-rom Sixth Edition And Working Papers And Smarthinking' 'Needles Finman Accounting Seventh Edition+finman Student Cd' 'Financial Accounting With Fingraph And Accounting Transaction Tutor 1 To 4 And Study Guide And Working Papers' 'Principles of Accounting PowerPoint Slides' 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What types of accounting reports are prepared in conformity with generally accepted accounting principles?
Financial Statements
What is the Importance of accounting principles to a financial analyst?
off-course it is requisite to know the accounting principles. For financial analyst it is necessary to know firstly GAAP analysis (generally accepted accounting principles).Where accounting standards ,rules and regulation are stated in accordance with the international accounting standard board. Obivously,we have numbers of accounting standards IAS and priciples on the basis of this financial analyst enable to make decision. In a nut shell, when we have accounting rules standards and a defined guideline it will be very convinient for financial analyst to make decision.
What is the purpose of a financial accounting standards board?
The purpose of the Financial Accounting Standards Board is to develop (GAAP) generally accepted accounting principles in the US that are in the public's interest.
What is the purpose of the Financial Accounting Standards Board?
The purpose of the Financial Accounting Standards Board is to develop (GAAP) generally accepted accounting principles in the US that are in the public's interest.
