What impact does the aicpa fasb and sec play in accounting

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Discussion Post

Discuss the financial reporting environment and financial statements.

Question I. What is the purpose of accounting? What impact does the AICPA, FASB, and SEC play in accounting, particularly with regards to the financial statements?

Question II. Why do we call accounting "the language of business"? Hint: Think in terms of the purpose of accounting.

Reference no: EM133650613

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