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whats the difference between GAAPS and the FASB?


or maybe not diference,but what are they and how do they relate?

538 day(s) ago

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kimkimcpa 		GAAP is Generally Accepted Accounting Principles and are guidelines used by accountants.

FASB is the Financial Accounting Standards Board which is a non-profit organization that develops the GAAP.

Posted 538 days ago

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