Identify the Two Main Groups Involved in Establishing Generally Accepted

question 214

Essay

Identify the two main groups involved in establishing generally accepted accounting principles in the U.S.

---

Definitions:

Hostility

An unfriendly or antagonistic attitude or behavior towards others.

Setting Limits

The process of establishing boundaries or rules that dictate acceptable behavior.

Communicating Consequences

The process of informing others about the outcomes or effects that can result from specific actions or behaviors.

Business Units

Individual, operational segments within a company, each responsible for specific business functions or objectives.