Well, it replaced the American Institute of CPAs in 1973.
Its an interesting subject though.All you need is to understand the principles of entry. Credit the giver,Debit the receiver states by the' (AICPA) Accounting Principles Board (APB) on
I hated accounting in college, I was terrible at it. Oh well. I know of accounting as the processing, measurement and reporting of financial information to some sort of economic entity. What accounting material did you do in college? Only took two course for my business degree because it was required. Financial reporting and accounting as synonymous as a field of study. OK. I just learned basic knowledge, but it was a brutal year, to say the least. I see. Well, as far as accounting goes, there's a review board that maintains the generally accepted accounting principles in the US. It's called the Financial Accounting Standards Board. Oh, OK. Does it have a history?
The FASB replaced the American Institute of Certified Public Accountants' (AICPA) Accounting Principles Board (APB) on July 1, 1973.