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Articles related to "Accounting Standards"



IFRS: Accounting Standards
What is the International Accounting Standards Board (IASB) and why are the International Financial Reporting Standards (IFRS) issued by it so important?
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GAAP and Accounting Standards
Generally accepted accounting principles (GAAP) are the basis of financial accounting and reflect federal financial accounting standards. GAAP is important to US firms.
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Financial Statements: The P & L
There are four financial statements that firms release on an annual basis. One of the most important of these financial statements is the Income Statement.
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What Is the AICPA?
The American Institute of Certified Public Accountants is an accounting organization dedicated to the enhancement of the accounting profession.
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Crises, Calamities, and Confusion in 2004
In 2004 the world experienced its share of natural disasters, wars, famine, and reconciliation and co-operation. Now we look back at the year that was and try to extract its lessons.
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Financial Statements-Balance Sheet
The balance sheet is an important financial statement that is released on an annual basis by companies; it demonstrates that the accounting equation is in balance.
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