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Central Connecticut State University was founded in 1849 as the State Normal School to train teachers. [9] It was the sixth normal school in the United States and is the oldest public university in Connecticut. [10] [11] It ran until 1867 when the school was temporarily closed due to opposition in the Connecticut General Assembly. [12]
A Bachelor of Commerce (BCom or B Com) is an undergraduate degree in commerce, accounting, mathematics, economics, and management-related subjects. Structure [ edit ]
The concept of "two sets of books" refers to the practice of keeping two sets of accounting ledgers ("books").In colloquial terms, this practice may refer to fraudulent behavior, i.e. attempting to hide or disguise financial transactions from outsiders by having a falsified set of records for official use and another for internal recordkeeping.
The second (and more important) thrust of Lean Accounting is to fundamentally change the accounting, control, and measurement processes so they motivate lean change & improvement, provide information that is suitable for control and decision-making, provide an understanding of customer value, correctly assess the financial impact of lean ...
The Wheat Report also recommended creating a Financial Accounting Foundation with nine salaried trustees to select board members of the FASB. The nine would include the "A.LC.P.A., four C.P.A.'s in public practice, two financial executives, one financial analyst and one accounting educator." [1] The report was approved on May 2, 1972. [3]