Question

1 Carmen Smith made a recent presentation on teaching financial accounting using the internet. Most likely...

1 Carmen Smith made a recent presentation on teaching financial accounting using the internet.

Most likely Carmen made the presentation to the Select one:

a.SEC

B. FASB

c. AAA

d.IMA

Business   Accounting   
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Answer #1

Answer is B. FASB

FASB is Financial Accounting Standard Board. It is the independent body that establishes financial accounting and reporting standards for public and private companies and not for profit organizations that follow Generally Accepted Accounting Principles (GAAP). These accounting standards are the core principles which have to be used in accounting and hence it is part of accounting subject. Hence Caron Smith recent presentation on teaching financial accounting using the internet will be on FASB. The other 3 options are not related to core financial accounting subject.

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