O'Reilly logo

Financial Accounting For Dummies by Maire Loughran

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

Chapter 4

Acronym Alert! Setting the Standards for Financial Accounting

In This Chapter

arrow Taking a quick glimpse at accounting history

arrow Introducing the accountant’s code of conduct (set by the AICPA)

arrow Meeting the public accounting oversight agencies (such as the PCAOB)

arrow Reviewing recent changes (made by the FASB)

arrow Finding out about generally accepted accounting principles (GAAP)

If you’re not into following rules, financial accounting may not be the best career choice for you. You may want to consider the performing arts instead, or perhaps politics.

But if you’re the kind of person who thrives in a structured work environment, you’ve come to the right profession. The work of an accountant is carefully guided by standards, rules, and regulations that I introduce in this chapter.

After a whirlwind tour through the history of accounting, I present an overview of the financial accounting code of professional conduct, which is set by the American Institute of Certified Public Accountants (AICPA). ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required