terminology - A ICPA American Institute of CPA national...

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AICPA – American Institute of CPA – national professional organization of practicing CPAs CAP – Committee on Accounting Procedure – established in 1939, composed of practicing CPAs ARB – Accounting Research Bulletins – 51 bulletins issued by CAP about accounting problems APB – Accounting Principle Board – develop and assist in resolution of problems when they become evident and research individual issues FAF – Financial Accounting Foundation – one of three organizations created by APB, selects members of FASB FASAC – Financial Accounting Standards Advisory Council – funds FASB’s activities SOP – Statements of Position – provides guidance on financial reporting topics until FASB sets standards on the issue in question, update, revise and clarify free-standing guidance
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This note was uploaded on 11/20/2010 for the course ACCOUNTING ACCT 101 taught by Professor Goodman during the Spring '10 term at Nassau CC.

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terminology - A ICPA American Institute of CPA national...

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