Examlex
Who would be MOST likely to worry about driving home from work while it is snowing because he recalls "the last time I drove home in the snow, I skidded and almost had an accident"?
FASB
The Financial Accounting Standards Board, responsible for establishing and improving standards of financial accounting and reporting in the U.S.
Legal Obligations
Commitments or duties that are enforced by law, requiring entities or individuals to act or refrain from acting in a certain way.
Nonlegal Obligations
Obligations that are not enforceable by law but may be morally or ethically binding.
GAAP
Generally Accepted Accounting Principles (GAAP) are a set of rules, standards, and procedures that companies must follow when compiling their financial statements in the United States.
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