THERE ARE ACCOUNTING STANDARDS AND ACCOUNTING STANDARDS

THERE ARE ACCOUNTING STANDARDS AND ACCOUNTING STANDARDS

May 22, 2017

The Generally Accepted Accounting Standards are written for all companies big and small. But small companies (like your’s if you are reading this blog) have completely different reporting needs and information for the owner’s than do Ford or GE.

The accounting standards boards have argued that different standards for different sized companies would confuse the users.

WHAT DO YOU THINK?

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