Examlex
What does the term conjunction mean in planetary orbits?
International Convergence
A goal or process of harmonizing accounting standards and practices across different countries to improve comparability and transparency of financial reporting globally.
Accounting Standards
Formal guidelines and rules for accounting practices that determine how financial statements are prepared and presented.
FASB
Financial Accounting Standards Board, an independent nonprofit organization responsible for establishing accounting and financial reporting standards for companies and nonprofit organizations in the United States.
Bright-line Rules
Clearly defined rules or standards that leave little ambiguity and are easy to implement or enforce.
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