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FASB and Legislation. The Financial Accounting Foundation’s Board of Trustees has issued a statement opposing legislation that they believe would jeopardize FASB’s ability to function as an independent standard setting body. We believe that once Congress starts setting accounting standards through its political process, the integrity of U.S. Much of the work that goes into setting accounting standards is based around the need for comparability. There are 107 mutiple choice questions below to help you improve your accounting knowledge. There is a new functionality to enter subledger journals through SLA: Create Journal Entry page. According to the Oil and Gas Journal report, the Philippines holds an estimated 3.48 trillion cubic feet (Cbf) of national gas reserve as of 2008, majority of which is concentrated in the Malampaya offshore field. If you are on the lookout for accounting executive search firms, then you are at the right place, for we will help you go through the top ten accounting executive search firms.

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