ACC 541 Accounting Standard Board Paper Individual Assignment Week One
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Accounting Standard Board Paper
Accounting Standard Board Paper
ACC/541
Individual Assignment Week One
Accounting Standard Board Paper
In the world of accounting there needs to be standards for all of the countries, whether they are in the United States of Overseas. The accounting boards will help with making sure that all of the information is done correctly and are reported in a consistent way so that investors can determine what company is better to invest in. The two types of accounting standards board that are being discussed is the International Accounting Standard Board (IASB) and Financial Accounting Standard Board (FASB). The first thing that needs to be discussed is the history of the two boards. The history will explain the relationship between the IASB and FASB. There will...