Chapter 11
Record Keeping and Accounting

In Chapter 11 you learned that some companies hire a CPA to help them keep their records and prepare their financial statements. Visit the following website and learn more about CPAs and accounting regulations.

http://www.aicpa.org/about/index.htm

1. What are the requirements for becoming a CPA?

2. What is the FASB?

3. What are GAAP and who determines them?