Three Organizations Important to Accounting Are Listed Below

question 16

Multiple Choice

Three organizations important to accounting are listed below.Select the organization that most closely achieves the role described.
-Primarily responsible for setting accounting standards today.

• A)American Institute of Certified Public Accountants (AICPA)
• B)Financial Accounting Standards Board (FASB)
• C)Securities and Exchange Commission (SEC)

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Definitions:

Resistance

In psychodynamic therapy, when a client finds it difficult or impossible to address certain material; the client’s resistance signals an unconscious conflict, which the therapist then tries to interpret.

Transference

In psychodynamic therapies, the client’s reaction to the therapist as if the therapist were an important person in his or her early development; the client’s feelings and beliefs about this other person are transferred onto the therapist.

Therapist

A professional trained to provide psychological treatment and support to individuals dealing with emotional, behavioral, or mental health issues.

Object Relations Theory

A psychoanalytic theory focusing on the relationships between people, especially between a child and significant others, and how these relationships shape the individual's personality.