Financial Accounting Standards Board
Financial Accounting Standards Board or FASB
- FASB, created by
accountants, is a professional standards board that sets the standards of
financial accounting called Generally Accepted Accounting Principles (GAAP). The
Securities and Exchange Commission officially recognized FASB as
authoritative.
Disclaimer: The foregoing is intended to provide general information and may not be suitable in specific instances. The glossary information is not intended to be exhaustive, but rather to illustrate typical considerations. The material is provided with the understanding that it is not legal, accounting, tax or any other professional advice.
Disclaimer: The foregoing is intended to provide general information and may not be suitable in specific instances. The glossary information is not intended to be exhaustive, but rather to illustrate typical considerations. The material is provided with the understanding that it is not legal, accounting, tax or any other professional advice.
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