dentify and explain the characteristics of the approach that is used to the filing of financial statements by plc’s that are incorporated in the UK.
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- The independent, nonprofit organization that sets financial accounting and reporting standards for both public- and private-sector businesses that use generally accepted accounting principles (GAAP) in the United States is which of the following? A. Financial Accounting Standards Board (FASB) B. generally accepted accounting principles (GAAP) C. Securities and Exchange Commission (SEC) D. conceptual frameworkThe standards, procedures, and principles companies must follow when preparing their financial statements are known as which of the following? A. Financial Accounting Standards Board (FASB) B. generally accepted accounting principles (GAAP) C. Securities and Exchange Commission (SEC) D. conceptual frameworkidentify and explain characteristics of teh approach that is used to the filling of financial statements by plcs that are incorporated in the uk
- If you were preparing the financial statements of a publicly traded company, which of the following represents the accounting standards that you would be required to follow? IASB? (International Accounting Standards Board) US GAAP? (Generally Accepted Accounting Principles) or FASB? (Financial Accounting Standards Board)What is a multinational organization that is publicly traded on a U.S. stock exchange and uses the Generally Accepted Accounting Principles (GAAP) for financial reporting?US generally accepted accounting principles are currently developed by which entity? C . Th e Public Company Accounting Oversight Board.
- What types of internal and external accounting reports will you use in the process of making decisions? How will the reports differ for a multi-national corporation?Discuss the development of the modern corporation in the United States, through doing so, discuss the development of accounting standards and conceptual framework. Moreover, include in your answer the importance of the conceptual framework as a theory for financial accounting standards.US generally accepted accounting principles are currently developed by which entity? A . Th e Securities and Exchange Commission.
- What type of circumstances would drive an organization to comply with US Generally Accepted Accounting Principles (GAAP)? Choose all that apply. Lender reporting requirements International Financial Reporting Standards (IFRS) requirements Equity investor reporting requirements An audit by the internal revenue services (IRS)Using concrete examples, explain how International Accounting Standard 23 might apply to your company's assets.US generally accepted accounting principles are currently developed by which entity? B . Th e Financial Accounting Standards Board.