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accounting concepts

accounting standards

Sales

FASB Took It Easy in 2022

Going Concern

JANUARY 2, 2023

While the PCAOB has been on a mission to scare the pants off of auditors everywhere in the past year with record fines and scary speeches, the Financial Accounting Standards Board took a much more chill approach to 2022. The FASB’s record breaking year for the past two decades took place in 2010 with 29 new standards issued.

accounting standards

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An Essential Guide to Accounting and Basic Accounting Principles for Beginners

Snyder

NOVEMBER 22, 2022

Basic accounting includes five important and significant transaction types: revenue, expenses, assets, liabilities, and equity. Revenue – (also known as sales) the reflection of the customers’ value for the product. Accepted accounting principles: Generally Accepted Principles vs International Financial Reporting Standards.

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FASB Took It Easy in 2022

An Essential Guide to Accounting and Basic Accounting Principles for Beginners

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