FinancialAccountingandAccountingStandards幻灯片.pptVIP

Issues in Financial Reporting Two sets of standards accepted for international use: U.S. GAAP, issued by the FASB. International Financial Reporting Standards (IFRS), issued by the IASB. FASB and IASB recognize that global markets will best be served if only one set of GAAP is used. International Accounting Standards LO 8 Describe some of the challenges facing financial reporting. Issues in Financial Reporting CA1-9 (GAAP Terminology): With accounting and finance, it often helps to be fluent in abbreviations and acronyms. Instructions: Presented below is a list of common accounting acronym