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What Are the Major Functions of the AICPA

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What are the major functions of the AICPA?


Definitions:

Accounts Payable

The amount of money owed by a company to its suppliers or creditors for goods and services received but not yet paid for.

Investing Activity

Activities related to the purchase or sale of long-term assets and investments, a component of a company's cash flow statement.

Financing Activity

Transactions involved in sourcing capital for the company operations and investments, which may include issuing bonds, obtaining loans, or repaying debt.

Common Stock

A type of security that represents ownership in a corporation, with holders usually having voting rights and potentially receiving dividends.

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