Baker College
Research Guides
ACC 1010: Principles of Accounting I
Websites
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Accountancy - Licensing (LARA) State of Michigan Department of Licensing and Regulatory Affairs.
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AICPA- IFRS Resources The American Institute of Certified Public Accountants resources for the International Financial Reporting Standards change over.
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Financial Accounting Standards Board (FASB) FASB is designed to be an independent board comprised of members who have severed their ties with their employers and private firms. FASB issues statements of financial accounting standards, which define GAAP. The AICPA issues audit guides. When a conflict occurs, FASB rules.
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Governmental Accounting Standards Board (GASB) The financial reports of state and local goverment entities are not directly comparable to those of businesses. In 1984, the Governmental Accounting Standards Board (GASB) was formed to set standards for the financial reports of state and local government.
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International Accounting Standards Board (IASB) The International Accounting Standards Committee (IASC) was formed in 1973 to encourage international cooperation in developing consistent worldwide accounting principles. In 2001, the IASC was succeeded by the International Accounting Standards Board (IASB), an independent private sector body that is structured similar to FASB.
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International Financial Reporting Standards Foundation (IFRS) The IFRS® Foundation is a not-for-profit international organisation responsible for developing a single set of high-quality, global accounting standards, known as IFRS Standards. Our mission is to develop standards that bring transparency, accountability and efficiency to financial markets around the world. Our work serves the public interest by fostering trust, growth and long-term financial stability in the global economy.
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U.S. Securities and Exchange Commission (SEC) The Securities and Exchange Commission is a U.S. regulatory agency that has the authority to establish accounting standards for publicly traded companies.
