Definition of Financial Accounting Standards Board (FASB)

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TeachMeFinance.com - explain Financial Accounting Standards Board (FASB)



Financial Accounting Standards Board (FASB)

An independent board responsible, since 1973, for establishing generally accepted accounting principles. Its official pronouncement are called "Statements of Financial Accounting Standards" and "Interpretations of Financial Accounting Standards."



About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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