The FASB issues accounting standards in the form of:
A) Accounting Research Bulletins.
B) Accounting Standards Updates.
C) Financial Accounting Standards.
D) Financial Technical Bulletins.

Question

Quizplus · Accepted Answer

The FASB issues accounting standards in the form of Accounting Standards Updates (ASUs), which amend the Accounting Standards Codification. Accounting Research Bulletins and Financial Accounting Standards are outdated forms of standards issued by the FASB, and Financial Technical Bulletins are issued by a different organization (the AICPA).

The FASB Issues Accounting Standards in the Form Of