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Intermediate Accounting Exam #1 Questions and answers with Complete Solutions | 100% Pass
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providers of financial information - profit oriented companies, not for profit entities, households external users of financial information - investors, creditors, employees, banks, labor unions, customers, suppliers, gov regulatory agencies conceptual framework - underlying structure for the development of accounting standards GAAP - generally accepted accounting principles- body of accounting standards FASB - financial accounting standards board 3rd level of framework - constraints, assumptions, principles (CAP) 2nd level of framework - qualitative characteristics, elements 1st levee of framework - objective: to provide financial information useful to capital providers
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Intermediate Accounting
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Intermediate Accounting
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