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Emerging Issues Task Force
A task force within the Financial Accounting Standards Board (FASB) that identifies and provides guidance on new financial reporting issues.
Consensus Positions
Agreed-upon statements or guidelines developed from the collective views of experts or stakeholders, often used in setting standards or policies.
Statements of Position
Financial reports that provide a snapshot of an entity's financial condition at a specific point in time, including assets, liabilities, and equity.
Theoretical Foundation
The underlying set of principles or concepts that support and guide a particular subject or discipline.
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