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NJ Accounting, Tax & Business Consulting Articles

24 Jun

Financial Reporting Framework for Small and Medium-Sized Entities

If you are a smaller-to-medium-sized, for-profit entity that needs reliable financial statements but does not need to comply with the comprehensive standards of Generally Accepted Accounting Principles (GAAP), the accounting profession has come to your rescue. Like a military unit formed to undertake a specific mission, the AICPA created a Financial Reporting Framework for Small […]

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