GAAP accounting standard setting
Relationship with the accounting standards regulations.Relations with the Financial Accounting Standards Accounting Norms Examination (Statement of Auditing Standards) norms mentioned in the first report by the sound of the following: accounting report shall state whether the financial statements have been prepared by the Financial Accounting Standards.Setandar accounting GAAP (General Accepted Accounting Principles) is required for the following agencies:1. GAAP for government agencies2. GAAP for social organizations do not aim for profit (non-profit)3. GAAP for commercial companiesPreparation of accounting standards (GAAP) is the authority of the Financial Accounting Foundation (FAF), which has two board as follows:1. Governmental Accounting Standards Board (GaSb), which was established in 1984 as a continuation of the National Council on Governmental Accounting. Council2. Financial Accounting Standards Board (FASB) established in 1973 which is a continuation of Accounting Principle Board. Council is edited and issued accounting standards in the form of FASB Statements and Interpretation.
ORGANIZATIONS OR OTHER AGENCYActually, if we examine many more agencies or organizations that have a direct role to the formulation of accounting standards. Below we mention a few:1. "The National Association of Accountants" which is now renamed The Institute of Management Accoutant (IMA) is a professional organization that combines the management accountants in the USA. This organization publishes a monthly magazine containing articles - accounting article called Management Accounting.2. The Cost Accounting Standards Board (CASB).3. The Financial Executive Institute (FEI).4. International Accounting Standards Committee (IASC).5. Agency - the agency / organization other overseas.INTERNATIONAL ACCOUNTING STANDARD COMITTE (IASC).On the international accounting profession has an organization called the International Federation of Accountant. IFAC has issued a special body called the accounting standards or the IASC International Accounting Standards Committee. IASC dominated European thought and is headquartered in London and is usually in some ways, this has always been a competitor IASC FASB USA.
Relationship with the accounting standards regulations.Relations with the Financial Accounting Standards Accounting Norms Examination (Statement of Auditing Standards) norms mentioned in the first report by the sound of the following: accounting report shall state whether the financial statements have been prepared by the Financial Accounting Standards.Setandar accounting GAAP (General Accepted Accounting Principles) is required for the following agencies:1. GAAP for government agencies2. GAAP for social organizations do not aim for profit (non-profit)3. GAAP for commercial companiesPreparation of accounting standards (GAAP) is the authority of the Financial Accounting Foundation (FAF), which has two board as follows:1. Governmental Accounting Standards Board (GaSb), which was established in 1984 as a continuation of the National Council on Governmental Accounting. Council2. Financial Accounting Standards Board (FASB) established in 1973 which is a continuation of Accounting Principle Board. Council is edited and issued accounting standards in the form of FASB Statements and Interpretation.
ORGANIZATIONS OR OTHER AGENCYActually, if we examine many more agencies or organizations that have a direct role to the formulation of accounting standards. Below we mention a few:1. "The National Association of Accountants" which is now renamed The Institute of Management Accoutant (IMA) is a professional organization that combines the management accountants in the USA. This organization publishes a monthly magazine containing articles - accounting article called Management Accounting.2. The Cost Accounting Standards Board (CASB).3. The Financial Executive Institute (FEI).4. International Accounting Standards Committee (IASC).5. Agency - the agency / organization other overseas.INTERNATIONAL ACCOUNTING STANDARD COMITTE (IASC).On the international accounting profession has an organization called the International Federation of Accountant. IFAC has issued a special body called the accounting standards or the IASC International Accounting Standards Committee. IASC dominated European thought and is headquartered in London and is usually in some ways, this has always been a competitor IASC FASB USA.
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