WGU Intermediate Accounting I fully solved graded A+ 2024

WGU Intermediate Accounting IAccounting Principles Вoard (APB). - correct answer An accounting rule-making board which provided official pronouncements, called APB Opinions, from 1959 through 1973. Accounting Research Bulletins (ARBS). - correct answer Pronouncements issued by CAP dealing with a variety of timely accounting problems during the years 1939 to 1959. Accounting Standards Executive Committee (AcSEC) - correct answer The senior technical committee that was authorized to speak for the AICPA in the area of financial accounting and reporting. Accounting Standards Updates - correct answer These Updates amend the Accounting Standards accounting standards, other than standards issued by the Codification, which represents the source of authoritative SEC American Institute of Certified Public Accountants (AICPA). - correct answer The national professional organization of practicing Certified Public Accountants. APB Opinions. - correct answer The APB's official pronouncements issued from 1959 through 1973 which were intended to be based mainly on research studies and be supported by reasons and analysis. The Codification - correct answer Created by the FASB and provides in one place all the authoritative literature to a particular topic of GAAP Committee on Accounting Procedure (CAP) - correct answer An organization composed of practicing CPAS which issued Accounting Research Bulletins dealing with a variety of accounting problems during the years 1939 to 1959. Emerging Issues Task Force (EITF). - correct answer Created by the FASB with the purpose of having members reach a consensus on how to account for new and unusual financial transactions that have the potential for creating differing financial reporting practices.