Question
In: Accounting
The FASB issues accounting standards in the form of: Financial Accounting Standards. Financial Technical Bulletins. Accounting...
The FASB issues accounting standards in the form of:
Financial Accounting Standards.
Financial Technical Bulletins.
Accounting Standards Updates.
Accounting Research Bulletins.
Solutions
Expert Solution
The correct choice is “Accounting Standard Updates”.
The Committee on Accounting Procedure was a part-time committee constituted by The American Institute of Certified Public Accounts. This committee issued various accounting research bulletins from 1938 to 1959 totaling 51.
Financial technical bulletins are the publications issued by the Research Staff of Financial Accounting Standard Board (FASB). These documents help in interpreting the exiting literature.
Financial accounting standards determined U.S. GAAP with the establishment of Financial Accounting Standard Board (FASB) in 1973. Until mid-2009, the FASB issued Statements of Financial accounting standards, Interpretations, Technical bulletins, Emerging Issues Task Force Statements etc.
From July 2009, the accounting standards codification of the Financial Accounting Standard Board is the single source of non-governmental U.S. GAAP. The Financial Accounting Standard Board updates the accounting standards codification whenever new standards are issued.
ekkarill92 answered 1 year agoRelated Solutions
USING THESE TWO Financial Accounting Standards Board (FASB 2008). Statement of Financial Accounting Standards No. 57...
USING THESE TWO
Financial Accounting Standards Board (FASB 2008). Statement of
Financial Accounting Standards No. 57 Related Party
Disclosures.
Financial Accounting Standards Board (FASB 2020). Accounting
Standards Codification 850 Related-Party Transaction.
ANSWER THE FOLLOWING QUESTION:
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system/format dates back to 2009. Before that FASB Accounting
Standards consists of Statements of Financial Accounting Standards
(SFAS). For the most part there have not been major changes in the
substance of GAAP, but the two systems are...
Financial Accounting Standards Board (FASB 2008). Statement of Financial Accounting Standards No. 57 Related Party Disclosures. Financial...
Financial Accounting Standards Board
(FASB 2008). Statement of Financial Accounting Standards
No. 57 Related Party Disclosures.
Financial Accounting Standards Board
(FASB 2020). Accounting Standards Codification 850
Related-Party Transaction.
Nurnberg, Hugo and Thomas F. Schaefer
(2010). Integrative Case in Advanced Accounting.
Issues in Accounting Education 25, No. 2, 323–329.
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