Corporations

What role has the Securities and Exchange Commission played in setting accounting standards?

FREEFALESTINE * OIC asked: What role has the Securities and Exchange Commission played in setting accounting standards?
Contrast its role with that played by the Financial Accounting Standards Board
What is the difference between comparability, and consistency as they relate to the use of accounting information?


What do you call it in accounting when a shareholder loans the Corporation money?

LTigerRay asked: I own a Corporation, being the sole shareholder. I have loaned the Corporation money. What is this called in accounting when I do the books? I know a shareholder loan is when the Corporation loans money to the shareholder. I think, possibly it is capital or equity, but I [...]


What is the difference between an accounting and a ‘verified’ accounting?

charlotte q asked: I have been asked fo a verified accounting of something and i am not sure what that entails.