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What is the FASB Conceptual Framework and how do the six SFACs fit within this framework? In comparing U.S. GAAP and International Accounting Standards, what

  • What is the FASB Conceptual Framework and how do the six SFACs fit within this framework?
  • In comparing U.S. GAAP and International Accounting Standards, what are some advantages and disadvantages of using one versus the other for company users?

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