ACC 301 assignement Mod 1

ACC 301 assignement Mod 1 - CA114

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CA1-14 (a) There are many interested parties in the formulation of accounting framework, concepts,  principles and rules. User groups are among the most powerful force ad provide significant  influence.  Staff conducts research or receives feedback/recommendations/input from : CPA’s,  Academicians, AICPA, Industry associations, financiers, tax preparers, task force’, councils and  bookkeepers, Government and business. They then present a preliminary review for initial  response. After going through a process of review, articulation, refinement, presentation,  consolidation, fact finding, public response, etc. Depending on the results of that process and  the validity and interest, it may then be submitted to the board for review. Others ivolved in the  process may be the Emerging Issues Task Force, the AICPA, the SEC , FASAC, staff  members. In short:  1. Public Hearing 2. Exposure Draft 3. Statement of Financial Accounting 
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This note was uploaded on 09/29/2011 for the course ACC 311 taught by Professor Hiles during the Spring '11 term at University of Phoenix.

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ACC 301 assignement Mod 1 - CA114

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