Briefly define and/or discuss the terms ,Accepted Accounting Principles (US GAAP).

Explain why these concepts are important for financial accounting. Generally Accepted Accounting Principles (US GAAP); Financial Accounting Standards Board (FASB); Securities and Exchange Commission (SEC); Certified Public Accountant (CPA) Annual Report 10-K SLP Assignment Expectations Two or three sentences are sufficient to explain each of the six items.