What is the standard-setting process followed by FASB?
Question:
What is the standard-setting process followed by FASB?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 63% (11 reviews)
The FASB follows a sevenstep process to issue a final standard Step 1 Identification of an issue FAS...View the full answer
Answered By
Aysha Ali
my name is ayesha ali. i have done my matriculation in science topics with a+ . then i got admission in the field of computer science and technology in punjab college, lahore. i have passed my final examination of college with a+ also. after that, i got admission in the biggest university of pakistan which is university of the punjab. i am studying business and information technology in my university. i always stand first in my class. i am very brilliant client. my experts always appreciate my work. my projects are very popular in my university because i always complete my work with extreme devotion. i have a great knowledge about all major science topics. science topics always remain my favorite topics. i am also a home expert. i teach many clients at my home ranging from pre-school level to university level. my clients always show excellent result. i am expert in writing essays, reports, speeches, researches and all type of projects. i also have a vast knowledge about business, marketing, cost accounting and finance. i am also expert in making presentations on powerpoint and microsoft word. if you need any sort of help in any topic, please dont hesitate to consult with me. i will provide you the best work at a very reasonable price. i am quality oriented and i have 5 year experience in the following field.
matriculation in science topics; inter in computer science; bachelors in business and information technology
_embed src=http://www.clocklink.com/clocks/0018-orange.swf?timezone=usa_albany& width=200 height=200 wmode=transparent type=application/x-shockwave-flash_
4.40+
11+ Reviews
14+ Question Solved
Related Book For
Intermediate Accounting
ISBN: 978-0134730370
2nd edition
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
Question Posted:
Students also viewed these Business questions
-
The due process system of the FASB encourages public input into the standard-setting process. It invites written comments, holds public hearings, and often changes proposed standards in response to...
-
Financial statement users often liken accounting standard setting to a political process. One user made the following assertion: "My view is that the setting of accounting standards is as much a...
-
The IASB has instituted four principles related to its funding to ensure that funding does not lead to politicization of standard setting. The standards specify that funding should be broad-based,...
-
1. What is the present value (PV") of an offer of $15,000 two years from now if the Opportunity Cost of Capital (OCC) is $12% per annum? 2. What is the PV of an offer to receive $12,000 three years...
-
The procurement process for Omni Wholesale Company includes a series of activities that transforms a materials requisition into a vendor check. The process begins with a request for materials. The...
-
Solve the quadratic equation. Check your answers. 3r - 27 = 0
-
Diamonds sold on the open market. Refer to the sample of 308 diamond stones that were listed for sale on the open market in Singapores Business Times. Recall that the color of each diamond is...
-
Comparing Cash Flow Streams youve just joined the investment banking firm of Dewey, Cheatum, and Howe. Theyve offered you two different salary arrangements. You can have $90,000 per year for the next...
-
Using absolute cell reference is as necessary so that you can copy the formula in cell. G4 construct the formula to calculate the percent of total sales for the first region. Copy the formula down...
-
Ben earns $4,000 this year and zero income the next year. Ben also has an investment opportunity in which he can invest $2,000 and receive $3,000 next year. Suppose Ben consumes $1,000 this year,...
-
What is an economic entity?
-
What is the composition of the FASB's membership?
-
Which of the following are valid lambda expressions? (Choose three.) A. () -> {} B. (Double adder) -> {int y; System.out.print(adder); return adder;} C. (Long w) -> {Long w=5; return 5;} D. (int...
-
Year 5% 6% 4 3.546 3.465 5 7% 3.387 3.312 4.329 4.212 4.100 8% 3.993 5.076 4.917 4.767 4.623 Present Value of an Annuity of $1 at Compound Interest 9% 10% 11% 12% 13% 14% 15% 3.240 3.170 3.102 3.037...
-
2. Determine the overturning stability of the cantilever retaining wall shown. The equivalent fluid density is 5.5 kN/m, soil density is 18 kN/m, and the concrete weighs 23.5 kN/m. (5 pts) 2 m 2 m 2...
-
A. For a certain two-dimensional, incompressible flow field the velocity component in the y direction is given by v = 3xy + xy 1. (05 pts) Short answer, what is the condition for this flow field to...
-
Cho0se a hazardous material to cr3ate a pr3sentation on (i.e. sulfuric acid, explosives, used needles, there are many types of hazardous materials) Cr3ate a presentation (P0werPoint, Open0ffice...
-
If det [a b] = c d 2 -2 0 a. det c+1 -1 2a d-2 2 2b -2 calculate:
-
An experimental flywheel, used to store energy and replace an automobile engine, is a solid disk of mass 200.0 kg and radius 0.40 m. (a) What is its rotational inertia? (b) When driving at 22.4 m/s...
-
You have just begun your summer internship at Omni Instruments. The company supplies sterilized surgical instruments for physicians. To expand sales, Omni is considering paying a commission to its...
-
Who does the FASB consult with in the standard- setting process?
-
Is the promulgation of financial accounting standards a political process? Explain.
-
Describe what is meant by the term general- purpose financial statements. Discuss what group(s) benefit(s) from general purpose financial statements.
-
Bought an old van for 4000 from Peters promising to pay laterwhat is the transactions
-
Company has a following trade credit policy 1/10 N45. If you can borrow from a bank at 9,5% annual rate, would it be beneficial to borrow money and pay off invoices earlier?
-
Given the following exchange rates, which of the multiple-choice choices represents a potentially profitable inter-market arbitrage opportunity? 129.87/$1.1226/$0.00864/ 114.96/ B $0.8908/ (C)...
Study smarter with the SolutionInn App