INTRODUCTION TO FINANCIAL ACCOUNTING
Briefly define and/or discuss the terms listed below. Use your own words.
Explain why these concepts are important for financial accounting.
Generally Accepted Accounting Principles (US GAAP);
Financial Accounting Standards Board (FASB);
Securities and Exchange Commission (SEC);
Public Company Accounting Oversight Board (PCAOB);
Certified Public Accountant (CPA);
The 10-K and The Annual Report.
Briefly define and/or discuss the terms listed below and explain why these concepts are important for financial accounting.
