|
Financial Accounting Standards Board
The Financial Accounting Standards Board (FASB) is a private standard-setting body whose primary purpose is to establish and improve Generally Accepted Accounting Principles (GAAP) within the United States in the public's interest. The Securities and Exchange Commission (SEC) designated the FASB as the organization responsible for setting accounting standards for public companies in the U.S. The FASB replaced the American Institute of Certified Public Accountants' (AICPA) Accounting Principles Board (APB) on July 1, 1973. The FASB is run by the nonprofit Financial Accounting Foundation. FASB accounting standards are accepted as authoritative by many organizations, including state Boards of Accountancy and the American Institute of CPAs (AICPA). Structure The FASB is based in Norwalk, Connecticut, and is led by seven full-time Board members,Spiceland, David; Sepe, James; Nelson, Mark; & Tomassini, Lawrence (2009). ''Intermediate Accounting'' (5th Edition). McGraw-Hill/ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Norwalk, Connecticut
Norwalk is a city in Fairfield County, Connecticut, United States. The city, part of the New York metropolitan area, New York Metropolitan Area, is the List of municipalities of Connecticut by population, sixth-most populous city in Connecticut as of the 2020 United States census, 2020 census, with a population of 91,184. Norwalk is on the northern shore of Long Island Sound and was first settled in 1649. History Roger Ludlow purchased the areas east of the Norwalk River from Chief Mahackemo of the Norwaake (or Naramauke) Indians in 1640. Norwalk was settled in 1649, incorporated September 1651, and named after the Mohegan-Pequot language, Algonquin word , meaning "point of land", or more probably from the Native American name "Naramauke". The Battle of Norwalk took place during the Revolutionary War, and led to the burning of most of the town. In 1836, the borough of Norwalk was created, covering the central area of the town. In 1853, the first ever train disaster in the Uni ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
