ACC349.Wk1.textexercises - ing future standards. (c)...

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CA 1-12 Instructions Match the description to the pronouncements. 1.          D       Staff Positions 2.      F           Interpretations (of the Financial Account- ing Standards Board) 3.     C            Statement of Financial Accounting Standards 4.          E       EITF Statements 5.        A         Opinions 6.            B     Statement of Financial Accounting Concepts (a)     Official  pronouncements  of  the  APB.   (b)    Sets  forth  fundamental  objectives  and concepts that will be used in develop
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Unformatted text preview: ing future standards. (c) Primary document of the FASB that establishes GAAP. (d) Provides additional guidance on implementing or applying FASB Standards or Interpretations. (e) Provides guidance on how to account for new and unusual financial transactions that have the potential for creating diversity in financial reporting practices. (f) Represent extensions or modifications of existing standards....
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This note was uploaded on 01/01/2012 for the course ACCOUNTING Intermedia taught by Professor Varied during the Spring '11 term at University of Science and Arts of Oklahoma.

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