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“Big GAAP vs. Little GAAP”
We all know that “Big GAAP vs. Little GAAP” has been a discussion topic for many years. The issue is whether we should have one set of standards for large publicly traded companies and one set for...
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What is FASB? How Are They Looking To Change GAAP
Since 1973, the Financial Accounting Standards Board (FASB) has been the designated private sector for establishing standards of financial accounting that govern the preparation of financial reports...
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