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The Financial Accounting Standards Board (FASB)

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What organization governs the guidelines a CPA will use to prepare financial statements?

name the organization that governs the majority of the guidelines that the CPA will use to prepare the financial stetments


What is the organization that governs the majority of the guidelines that Certified Public Accountants use?

The organization that governs the majority of the guidelines that Certified Public Accountants (CPAs) use is the Financial Accounting Standards Board (FASB). FASB establishes Generally Accepted Accounting Principles (GAAP), which provide a framework for financial reporting in the United States. Additionally, the American Institute of Certified Public Accountants (AICPA) provides professional standards and guidelines for CPAs, complementing FASB's framework. Together, these organizations ensure consistency and transparency in accounting practices.


Which Accounting standard governs treatment of property and equipment?

IAS - 16 Property, Plant and Equipment deals with matters governing of property and equipment.


Why tax is imposed by the government?

To pay for all the services the society it governs wants to have provided.


What is a UCC contract trust account?

A UCC contract trust account refers to a financial arrangement established under the Uniform Commercial Code (UCC), which governs commercial transactions in the United States. It typically involves the creation of a trust account to hold assets or funds for specific purposes, such as securing loans or ensuring compliance with contractual obligations. This type of account may be used to facilitate transactions, protect assets, or manage financial interests while providing certain legal protections to the parties involved.

Related Questions

What standard governs financial audits?

In a financial audit, the management of an organization asserts that the financial statements are prepared in accordance with generally accepted accounting principles (GAAP), the applicable criteria.


What is Accounting standard Stands for?

"Accounting Standards" are what governs various ethical and legal aspects of accounting. It does not "stand" for anything.


What organization governs the guidelines a CPA will use to prepare financial statements?

name the organization that governs the majority of the guidelines that the CPA will use to prepare the financial stetments


What organization governs the periodic table?

This is the law of chemical properties periodicity.


What body governs codes of ethics in accounting?

Its modern successor body, the American Institute of Certified Public Accountants (AICPA), is an organization of all state societies of CPAs. Its Professional Ethics Executive Committee (established in 1971) promulgates a code of professional conduct


Which Accounting standard governs treatment of property and equipment?

IAS - 16 Property, Plant and Equipment deals with matters governing of property and equipment.


What does uci stand for?

The abbreviation of UCI stands for the Union Cycliste Internationale. This is an organization which governs international cycling and events.


Is Islamabad the Hamas?

No. Islamabad is the capital of Pakistan. Hamas is a Terrorist/Paramilitary organization which governs the Gaza Strip of Palestine.


What is chapter 13 title 11 of the United States code about?

Chapter 13 title 11 United States code governs a certain type of bankruptcy in the United States. It allows individuals to undergo a financial re-organization that is supervised by the Federal Bankruptcy Court.


What is the moral person component of ethical leadership?

A moral leader is an individual who governs or makes decisions based on fairness and ethical guidelines, rather than personal, political, or financial considerations. In some circumstances, moral determinations can come into conflict with established laws.


Who does a care value base govern?

In medical situations, making the 'right' decision can be difficult to do, so many industries have a care value base, which governs ethical decisions made in relevant professions.


What is the house refer to?

"House" typically refers to a building or structure where people live, but can also be used to refer to a legislative body or organization that makes decisions or governs.