Accounting Standard Board -Operating Activities

Accounting Standard Board Paper

ACC 541

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 also be a...