Write the best accounting word/phrase that describes the following. Write ONLY ONE word/phrase next to each item. DO NOT ABBREVIATE.

1.This term is used to describe the common set of accounting standards and

procedures that are used to prepare general purpose financial statements.

2.This organization was established by the US federal government to help develop

and standardize financial information that is presented to stockholders.

3.This organizations mission is to establish and improve standards of financial

accounting and reporting; it is the organization that currently sets GAAP.

4.This act was passed in response to a string of accounting scandals. It increased

the resources for the SEC to combat fraud and curb poor reporting practices.

5.This term is used to describe the financial-related report that a publicly

traded firm files annually with the SEC.

6.This was developed by the FASB to provide in one place all of the

authoritative literature related to a particular accounting topic.

7.This term is used to describe the computer language companies

use to format the financial reports they file with the SEC.

8.This term is used to describe the financial-related report that a publicly

traded firm files quarterly with the SEC.