Acct 201 assignment 4 (framework)

Acct 201 assignment 4 (framework) - Framework (concept and...

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Framework (concept and principles) 1. Acc o unting (n) is a service activity. 2. Potential owners are among the external users (f) of financial statements. 3. Managerial (t) accounting systems are primarily designed for internal users. 4. A balance sheet is one of the general purpose (c) financial statement. 5. A special responsibility of some accountants is to attest (l) to the reliability and fairness of statements. 6. The standards and guidelines that apply to accounting are often referred to as accounting principles (r). 7. Journal of Accountancy (a) a monthly publication of the American Institute of Certified Public Accountants. 8. A state society (g) of accountancy regulates admission of new members to the profession. 9. Accounting Review (p) A publication of the American Accounting Association. 10. The FASB (d) is charged with responsibility for establishing and improving financial accounting standards. 11. A state
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Acct 201 assignment 4 (framework) - Framework (concept and...

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