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When the FASB [Financial Accounting Standards Board] issues new standards, the implementation date is usually 12 months from the date of issuance, with early implementation
When the FASB [Financial Accounting Standards Board] issues new standards, the implementation date is usually 12 months from the date of issuance, with early implementation encouraged. Paula Marshfield, controller, discusses with her financial vice president the need for early implementation of a standard that would result in a fairer presentation of the company
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