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Based on extant literature, we review the positive theory of GAAP. The theory predicts that GAAP's principal focus is on control (performance measurement and stewardship) and that verifiability and conservatism are critical features of a GAAP shaped by market forces. We recognize the advantage...
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covers accounting regulations for all aspects of financial statements, accounting management reports, and management of the … accounting department, including best practices, control systems, and the fast close. It also addresses financing options …, pension plans, and taxation options. The perfect daily answer book, accountants and accounting managers will turn to The …
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