AG Bookkeeping Services LLC

The objective of the conceptual framework project is to create a sound foundation for future accounting standards that are principles-based, internally consistent and internationally converged. The new framework builds on existing IASB and FASB frameworks. The IASB has revised portions of its framework;while the FASB has issued #152;Concepts Statements to replace #152;Concepts Statements 1 and 2. This first phase of the conceptual framework deals with the objective and qualitative characteristics of financial reporting. As part of the consultation process, the IASB and FASB jointly published a discussion paper and exposure draft that resulted in more than 320 responses. A feedback statement providing an overview of how the IASB responded to comments received through the consultation process is available for download. An IASB webcast introducing this first phase of the conceptual framework project will be held at 10am London time on Thursday 30 September, and repeated for the convenienc...

 Accounting Bookkeeping is vital part for our business for the main reason that if you want to keep recording to all the financial transactions records for your small, mid or large business so accounting bookkeeping is assists to keep financial transactions records include sales, purchases, income, and payments by an individual or organization. Bookkeeping is a documentation of your daily, weekly, and monthly activities. It tracks what you spent and how much you received for your goods or services. These records reveal a snap shout of your any type of business like small, mid and larger. They assist you maintain track of your profits and losses. Bookkeeping should not be puzzled with accounting. The accounting procedure is generally performed by an accountant. The accountant creates reports from the recorded financial transactions recorded by the bookkeeper. There are some ordinary methods of accounting bookkeeping such as the Single-entry bookkeeping system and the Double-entr...