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Financial Accounting Standards Board (FASB) |
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Financial Accounting Standards Board (FASB)Board composed of independent members who create and interpret Generally Accepted Accounting Principles (GAAP).Financial Accounting Standards Board (FASB) Similar MatchesAccounting earningsAccounting earningsEarnings of a firm as reported on its income statement. Average accounting returnAverage accounting returnThe average project earnings after taxes and depreciation divided by the average book value of the investment during its life. Accounting Standards BoardAccounting Standards BoardUK body that sets accounting standards. A subsidiary body of the Financial Reporting Council. Statement of Financial Accounting Standards No 8Statement of Financial Accounting Standards No 8The is a currency translation standard once used by U.S. accounting firms. See: Statement of Accounting Standards No. 52. Historical Cost Accounting ConventionHistorical Cost Accounting ConventionAn accounting technique that values an asset for balance sheet purposes at the price paid for the asset at the time of its acquisition. Further SuggestionsReplacement cost accountingRegulatory accounting procedures (RAP) Accounting liquidity Cost accounting Accounting insolvency Inflation accounting Generally Accepted Accounting Principles (GAAP) Growth accounting accounting reference date current cost accounting Purchase accounting Statement of Financial Accounting Standards No 52 Accrual Accounting Convention |
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