Identify the Accounting Standard Setting Bodies for U

question 83

Essay

Identify the accounting standard setting bodies for U.S. commercial, private not-for-profits, public not-for-profits, state and local governments, and the federal government.

Articulate guidelines for constructing effective pie charts.

Define graphics and understand their purpose in enhancing written content.

Identify and describe various graphic aids for data illustration.

Understand the strategic incorporation of graphics within text.

---

Definitions:

Accumulated Depreciation

The total amount of a tangible asset's cost that has been allocated as depreciation expense since the asset was acquired and put into use.

Cash Dividends

Cash distributions from a company's earnings to its shareholders.

Balance Sheet

An account that outlines the financial position of a company, detailing its assets, liabilities, and owners' equity at a given point in time.

Income Statement

A financial statement that shows a company's revenue and expenses, and the resulting profit or loss, over a specific period.