答案如下
What describes the conceptual framework for FASB to create a system of consistent financial reporting objectives and concepts?
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A) |
Generally Accepted Accounting Principles (GAAP). |
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B) |
This framework has not yet been developed. |
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C) |
Securities and Exchange Commission (SEC). |
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D) |
The Statement of Financial Accounting Concepts (SFAC). |
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Your answer: D was correct!
The Statement of Financial Accounting Concepts (SFAC) is the conceptual framework developed by FASB to create a system of consistent financial reporting objectives and concepts. Generally Accepted Accounting Principles (GAAP) are a set of principles that are transmitted from a number of sources including FASB, The Accounting Principles Board (APB), and the American Institute of Certified Public Accountants Research Bulletin. The SEC is a governing body that reviews form and content of publicly traded companies financial statements.
[此贴子已经被作者于2006-3-24 13:49:20编辑过] | 
发表于 2006-3-24 13:46
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