The Financial Accounting Standards Board, which sets the standards for GAAP, states that assets deliver a probable future benefit. On the other hand, expenses result in using up assets, such as cash, to produce goods and services.he Financial Accounting Standards Board, which sets the standards for GAAP, states that assets deliver a probable future benefit. On the other hand, expenses result in using up assets, such as cash, to produce goods and services.
The AWPA is the only ANSI-accredited standards developer that requires a rigorous evaluation plus an open peer review of that data where the largest collection of experts in the field of wood protection in North America gather for the purpose of evaluating which wood preservatives are worthy to be standardized in the AWPA Book of Standards.
Type Approval or Certificate of Conformity is granted to a product that meets a minimum set of regulatory, technical and safety requirements. Generally, type approval is required before a product is allowed to be sold in a particular country, so the requirements for a given product will vary around the world.ype Approval is not a term confined to a particular industry. Type Approval requirements exist for products as diverse as marine equipment, mobile phones, automotive industry, or medical equipment. Type approval simply means that the product is certified to meet certain requirements for its type, whatever that may be.