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Governmental and not for profit accounting homework

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Government and not-for-profit accounting chapter 4 homework cafr

Government and Not for Profit Accounting • Student Homework Help

Accountants use generally accepted accounting principles GAAP to guide them in recording and reporting financial information. Two laws, the Securities Act of and the Securities Exchange Act of , give the SEC authority to establish reporting and disclosure requirements. The GASB develops accounting standards for state and local governments. The current set of principles that accountants use rests upon some underlying assumptions. The basic assumptions and principles presented on the next several pages are considered GAAP and apply to most financial statements.

Government and Not-For-Profit

Investor Video: Convertible Instruments Helps investors understand how the new guidance makes the reporting of convertible debt and its diluted earnings per share calculation more relevant and comparable. We have updated our Privacy Policy. By continuing to use this website, you are agreeing to the new Privacy Policy and any updated website Terms. Wanted: Academic Research on Key Standards The FASB seeks research papers on the effectiveness of the revenue recognition, leases, and credit losses standards for upcoming academic conference.
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