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4 Cards in this Set
- Front
- Back
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the judgment hierarchy |
outside the company: externally special interest groups and media and voting public all effects it Congress SEC and FASB but inside of the company is the Board of Directors CFO Division Controllers Accounting Clerks |
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The CFO and controller |
set policy |
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the definition of an asset is |
a resource with probably future economic benefit obtained or controlled by a particular entity as a result of past transactions or events You can meet the definition of an asset but it still might not be reported on the balance sheet, because it has to be measured financially |
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an asset |
a resource that you have avaialbe that has probable future economic benefit. |
