91影视

The objective of these standards is to provide uniformity in financial reporting and to ensure consistency and comparabilityof the information provided by the business firms. It provides useful information to the users to interpret published reports.

FASB Accounting Standards Updates are pronouncements of the Financial Accounting Standards Board that are consolidated into the FASB codification and thus indicate the accounting profession鈥檚 authoritative pronouncements on accounting and reporting practices. At the same time, FASB Statements of Financial Accounting Concepts is a component of FASB鈥檚 conceptual framework project. The series explains the fundamental objectives and concepts that are used by FASB in advancing future standards of financial accounting and reporting. These do not authorize Generally Accepted Accounting Principles (GAAP) like Statement of Financial Accounting Standards.