In the past, we have discussed the differences between the cash and accrual bases of accounting. While these differences can be hard to grasp, the overall concepts of the two methods are fairly straightforward. The accrual basis of accounting does not, however, address all the complexities in what we accountants call the Generally Accepted Accounting Principles, or GAAP. That’s why a decades-long debate has raged over whether there should be two sets of accounting standards in the United States: one for publicly reporting entities and one for private companies. With the appointment in December 2009 of an 18-member panel to investigate developing separate standards for public and private companies, the American Institute of Certified Public Accountants is attempting to address the issue.

....

• 500 to 700 words
• copy edited and proof read but not guaranteed error free
• copy made be edited by end user
• usage for two urls/websites
• usage for email newsletter up to 3000 sends
• requirement please add dynamicpost@service2client.com to your email send list
• usage for print newsletters up to 3000 copys
• image usage is not included
• canonical link included in download or click "Live Demo"

 Have a WordPress site and want the articles delivered and posted automatically to your Blog, then check out your new WordPress Plug-in