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In 1979, the American National Standards Institute chartered the Accredited Standards Committee (ASC) X12 to develop uniform standards for interindustry electronic exchange of business transactions-electronic data interchange (EDI)
The Accredited Standards Committee X12 (also known as ASC X12) is a standards organization.Chartered by the American National Standards Institute (ANSI) in 1979, [2] it develops and maintains the X12 Electronic data interchange (EDI) and Context Inspired Component Architecture (CICA) standards along with XML schemas which drive business processes globally.
The Codification is effective for interim and annual periods ending after September 15, 2009. All existing accounting standards documents are superseded as described in FASB Statement No. 168, The FASB Accounting Standards Codification and the Hierarchy of Generally Accepted Accounting Principles.
The Senate approved a slimmed-down, temporary government spending plan early Saturday morning, averting a shutdown of the federal government. The legislation now goes to President Joe Biden for ...
"In essence, this money has been stolen from all of us for all these years," said an 84-year-old woman whose late husband's Social Security benefits were slashed. "It's not fair."
Alzheimer's is the most common form of dementia and is characterized by a loss of cognitive function over time. According to the Centers for Disease Control and Prevention, individuals with the ...
ASC 606 introduces a five-step model for recognizing revenue: Identify the contract: A valid contract exists when the parties are committed, the rights and payment terms are clear, and the contract has commercial substance.