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Our Dallas accountants at a glance:
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Our West Dallas, TX CPAs discuss the FASB Statement of Concerns
The objectives focus financial reporting on a particular kind of economic decision - committing cash or other resources to a business enterprise with expectation of future compensation or return, usually in cash but sometimes in other goods or services. Suppliers, lenders, employees, owners, and, to a lesser extent, customers commonly make decisions of that kind, and managers continually make them about an enterprise's resources. Concepts Statement 1 uses investment and credit decisions as prototypes of the kind of decisions on which financial reporting focuses. Nevertheless, as just noted, the Board, in developing the qualities in this Statement, must be concerned with groups of users of financial information who have generally similar needs.
No matter what your accounting needs are - our CPAs are here to help. Contact us at our address above to get started.
No matter what your accounting needs are - our CPAs are here to help. Contact us at our address above to get started.
