The Governmental Accounting Standards Board (GASB) is the body authorized to establish accounting principles for all governmental and not-for-profit organizations.
举一反三
- The<br/>Financial Accounting Standards Board has the responsibility for<br/>setting accounting and financial reporting standards for ( ) A: All federal and state<br/>organizations. B: All not-for-profit<br/>organizations that are nongovernmental and business entities. C: All not-for-profit organizations. D: Both B) and C) are correct.
- Which of the following organizations is least likely involved with enforcing compliance with financial reporting standards A: Financial Service Authority (FSA). B: Securities and Exchange Commission (SEC). C: International Accounting Standards Board (IASB).
- Although accounting has several specific uses, the overall purpose of accounting can be summarized as A: to provide financial information that is useful to decision makers. B: to meet the legal requirements of the Financial Accounting Standards Board (FASB). C: to allow the government to track business activity levels. D: to compute the profit or loss and declared dividend of a business firm.
- Who issues International Financial Reporting Standards? A: The IFRS Advisory Committee B: The stock exchange C: The International Accounting Standards Board D: The government
- Which of the following factors increase the credibility of accounting<br/>communication?() A: Accounting standards and auditing B: Monitoring by financial analysts C: Management reputation D: All of the above