National Association Of State Boards Of Accountancy - NASBA


DEFINITION of 'National Association Of State Boards Of Accountancy - NASBA'

A U.S. nonprofit group founded in 1908 that seeks to enhance the effectiveness of the state boards of accountancy. Public accountancy is regulated at the state level, with each state maintaining an independent board of accountancy that oversees the profession. NASBA assists the 55 state boards of accountancy by providing a forum for greater interaction and collaboration across states.

BREAKING DOWN 'National Association Of State Boards Of Accountancy - NASBA'

Since the license to practice accountancy is granted at the state level, a certified public accountant (CPA) licensed in one state has to obtain a new license if he or she moves to a different state. The NASBA has worked toward standardizing the state requirements for licensure so that CPAs will have their qualifications recognized in all states.

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  1. Can working capital be depreciated?

    Working capital as current assets cannot be depreciated the way long-term, fixed assets are. In accounting, depreciation ... Read Full Answer >>
  2. Do working capital funds expire?

    While working capital funds do not expire, the working capital figure does change over time. This is because it is calculated ... Read Full Answer >>
  3. How much working capital does a small business need?

    The amount of working capital a small business needs to run smoothly depends largely on the type of business, its operating ... Read Full Answer >>
  4. What does high working capital say about a company's financial prospects?

    If a company has high working capital, it has more than enough liquid funds to meet its short-term obligations. Working capital, ... Read Full Answer >>
  5. How can working capital affect a company's finances?

    Working capital, or total current assets minus total current liabilities, can affect a company's longer-term investment effectiveness ... Read Full Answer >>
  6. What can working capital be used for?

    Working capital is used to cover all of a company's short-term expenses, including inventory, payments on short-term debt ... Read Full Answer >>

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