BRIEFLY DESCRIBE HOW THE ACCOUNTING MEASUREMENT RULES (GAAP) IN THE UNITED STATES DETERMINED. ?

Since 1973, the Financial Accounting Standards Board (FASB), the designated organization in the private sector for establishing standards of financial reporting. These standards govern the preparation of the Council financiers.Le turned down at many other organizations and groups for advice and information on various topics, including agenda. In the process of the Agenda, the Commission may make available to the public agenda proposals that concisely describe the project scope review potentiels.Après receive input from the constituency and in consultation with other members of the FASB, FASAC, and others, if any, of the President decides which projects add to the agenda of the technical commission. To assist in this process of decision making, is the following list of factors that support for those in the evaluation of projects. These factors should be considered: pervasiveness of the issue, is to what extent a question annoying for users, preparers, auditors or others to the extent that it is the diversity of practice and the likely duration of the question (ie, whether transitory or likely stop); alternatives to the extent to which one or more alternatives, to improve accountability in terms of relevance, the reliability and comparability are to be developed probably the technical feasibility and the extent to which developed a technically sound solution, or whether the project taking into account completion of other projects should be expected; Practical implications, is to what extent an improved accounting solution is likely generally acceptable, and the extent to which addressing a particular topic (or not coping) may act to another, eg, SEC or Congress, the convergence-ways, to what extent it is possible to eliminate differences in standards and practices between the U.S. and other countries with a resultant improvement in the quality of state standards United, the extent to which it is likely that a common solution can be achieved and the extent to which all major obstacles to the convergence stage, about Cooperative facilities is the extent that international support through one or more other standards bodies for the project, jointly or through other forms of cooperation with the FASB, etRessources as far as resources and skills on the FASB, the International Accounting Standards Board (IASB) or another standard setter to complete the project and take advantage of whether the FASB can the resources of other standard-setters in the treatment of the question (and maybe add the project and at relatively low incremental). Consistency increases the comparability of the individual for a company from one period to another between the two units within the same industry and between companies from different industries.