Accounting Standards Boards Essay

723 words - 3 pages

Accounting Standards Boards
ACC/541

Accounting Standards Boards
Whether it be international or here at home in America is it of the upmost importance to have an agreed upon set of standards in which people agree upon. Accounting is no different in dealing with people who need to have a set of standards in order to make sure everything is uniform. The International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) are two sets of standards boards that have an interesting relationship between them. Some of the topics I will cover is a brief break down of the two boards, a brief history of their relationship, and the ways the two are similar.
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That being said one has to wonder what these private donors and corporations have in store for the future when it benefits them the best.
Being apart of the MSA program at University of Phoenix is a great tool in learning the need be information in order to succeed in the professional world within the accounting vocation. Although in class number three of my personal MSA program I am learning a great deal. There is a great difference between a Bachelor’s degree and a Master’s. One of the main things is how much more in depth the information is on each of the subjects and the amount of research, writing, dedication that is required in order to be successful in the program. Once out of the program an in the real world I think it will have you prepared to handle more situations that normally you would not be able to with just an undergraduate. I have noticed that I am able to talk to my accountant friends with more ease and understand what they are talking about. The fact that the MSA program breaks down each part of accounting into a separate subject it allows...

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