The Accounting Standards Codification (ASC) U.S. GAAP
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The Accounting Standards Codification (ASC) U.S. GAAP
This video discusses the Accounting Standards Codification (ASC) which contains the generally accepted accounting principles (GAAP) for companies in the United States. The Financial Accounting Standards Board (FASB) codified the accounting standards into one central location in 2009. Prior to the ASC, there was a hierarchy of GAAP with certain ...
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