FIN 382 Week 1 Assignment

FIN 382 Week 1 Assignment - AliceyaPerkins FIN382

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Aliceya Perkins FIN 382 Professor Kimberly Bankston-Bradshaw Week 1 Assignment Question 1-1 Discuss the role of each of the following in the formulation of accounting principles. a. American Institute of Certified Public Accountants The AICPA is a professional accounting organization whose members are certified public  accountants. The organization releases Accounting Research Bulletins on key accounting issues.  Those bulletins are considered authoritative in nature and are a part of U.S. GAAP. b. Financial Accounting Standards Board The FASB is a panel of electors who release authoritative accounting literature including  Statements of Financial Accounting Standards, Interpretations, Technical Bulletins and  Statements of Financial Accounting Concepts. The conceptual framework provided by the FASB  is held in high authoritative regard.
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This note was uploaded on 03/01/2012 for the course ACCOUTNING 550 taught by Professor Abner during the Spring '11 term at DeVry Houston.

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FIN 382 Week 1 Assignment - AliceyaPerkins FIN382

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