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The FASB’s Conceptual Framework, developed in the 1980s, provides a foundation for setting accounting standards. It outlines the objectives and qualitative characteristics of financial reporting and serves as a guide for developing specific accounting principles. The Conceptual Framework has been instrumental in ensuring that GAAP remains coherent and aligned with stakeholders’ evolving needs. GAAP refers

If there is a specific person that needs to receive it, call attention to their name on the invoice. When it comes to billing for your work, your construction invoice should be bulletproof. It needs to contain certain information to ensure it reaches the right people and leaves no room for doubt or mistakes. If