Listed below are several types of pronouncements that the FASB issues. Following the lis is a series of descriptive statements. a. Statements of Financial Accounting Standards b. Interpretations c. Technical Bulletins d. Statements of Financial Accounting Concepts e. Guide for Imprementation _____ Establishes a theoretical foundation upon which to base fanancial accounting and reporting standards. _____ Provides clarification of conflicting or unclear issues relating to previously issued pronouncements. _____ FASB Q's and A's. _____ Establishes generally accepted accounting principles.
Listed below are several types of pronouncements that the FASB issues. Following the lis is a series of descriptive statements.
a. Statements of Financial Accounting Standards
b. Interpretations
c. Technical Bulletins
d. Statements of Financial Accounting Concepts
e. Guide for Imprementation
_____ Establishes a theoretical foundation upon which to base fanancial accounting and reporting standards.
_____ Provides clarification of conflicting or unclear issues relating to previously issued pronouncements.
_____ FASB Q's and A's.
_____ Establishes generally accepted accounting principles.
_____ Provides guidance on accounting and reporting problems related to an underlying standard.
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