Standard Setting Bodies
ACCOUNTING RESEARCH TOOLS
GAAP
Quick Facts
FUN
100
What is the standard setting body that has the authority to issue rules and regulations for public companies?
What is Securities Exchange Commission
100
Give an example of an Accounting Research tool
What is RIA Checkpoint CCH's Accounting Research Manager AICPA Research Tools or.....
100
Who was GAAP established by?
What is FAF (Financial Accounting Foundation)
100
Accountants don't often conduct financial, business and tax law research
What is NO.
100
What does the SEC mean for football fans?
What is Southeastern Conference
200
When was the SEC established
What is 1934
200
What does GARS stand for
What is Government Accounting Research System
200
GAAP is responsible for setting...
What is setting financial and reporting standards for the public sector.
200
Analyst reports provide much more comprehensive reviews of a company than financial ratio comparisons
What is YES
200
Why did the accountant cross the road?
What is to count chickens
300
This standard setting body has several entities, which include Financial Accounting Foundation, boards, staff, and Emergency Issue Task Force)
what is FASB
300
what is the first step in researching a company
What is determine the information needed
300
what are the two major functions of GAAP
What is measurement and disclosure
300
This task force addresses industry-specific issues
What is FASB Emerging Issues Task Force
300
Considered the "father" of accounting
What is Luca Pacioli
400
What is the first step in the FASB standard setting process?
What is problem or issue identification
400
AICPA reference books provides examples addressing specific accounting and reporting issues
What is YES
400
There is a five-level hierarchy for the components of U.S. GAAP
What is NO.
400
The AICPA was replaced by ____ as the standard setter for accounting standards for the public sector
What is FASB
400
This Jazz musician completed his degree in Accounting
What is Kenny G
500
What are the four divisions of the Security Exchange Commission
what is four divisions (Corporation Finance, Enforcement, Investment management, and Trading Markets).
500
Steps the book lists for research strategies
What is Define the information needed, Determine the sources to search, Use search techniques and tools and view results and manage information
500
Textbooks, articles, AICPA issue papers, and IFRS are part of what Level of GAAP
what is non-authoritative
500
What are the two commercial databases with accounting standards?
What is RIA Checkpoint and CCH's Accounting Research Manager
500
this popular chewy candy was invented in 1928 by an accountant named Walter E. Dimer
What is Bubble Gum
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