TeachMeFinance.com - explain Financial Accounting Standards Board (FASB)
Financial Accounting Standards Board (FASB) The term 'Financial Accounting Standards Board (FASB)' as it applies to the area of energy can be defined as ' An independent board responsible, since 1973, for establishing generally accepted accounting principles. Its official pronouncements are called 'Statements of Financial Accounting Standards' and 'Interpretations of Financial Accounting Standards.''.
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