a. Requires that only those things that can be expressed in money are included in the accounting records |
b. Determines auditing standards and reviews auditing firms. |
c. Accounting information that would make the difference in a business decision. Information that helps predict future events and provide feedback about prior expectations for a company's financial health |
d. Issues standards (IFRS) that have been adopted by many countries outside the United States. |
e. In accounting, this is the results when different companies use the same accounting principles |
f. A set of rules and practices for how financial information should be disclosed and how assets,liabilites,revenues, and expenses should be measured |
g. Accounting information that you can depend on. this information is verifiable and factual |
h. Is the primary accounting standard-setting body in the United States. |
i. Means that a company uses the same accounting principles and methods ffrom year to year. |
j. Is the agency of the US government that oversees US financial markets and accounting standards-setting bodies. |
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