Examlex
An employee is given a union leaflet that asks employees to sign a card while leaving the company premises after work. Discuss the significance of the card that the employee hasbeen asked to sign. Is the distribution of such leaflets by a union legal?
GAAP
Generally Accepted Accounting Principles; a common set of accounting principles, standards, and procedures that companies must follow when they compile their financial statements.
Accounting Standards
Formal guidelines and principles designed to improve the transparency and consistency of financial reporting and accounting practices.
Financial Statements
Financial statements are formal records of an entity's financial activities and position, including the balance sheet, income statement, and cash flow statement.
FASB
The Financial Accounting Standards Board, an organization responsible for establishing accounting and financial reporting standards in the United States.
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