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.
An âLIPâ is a licensed independent practitioner, defined as an individual, as permitted by law and regulation, and also by the organization, to provide care and services without direction or supervision within the scope of the individualâs license and consistent with the privileges granted by the organization.or example, a licensed physician is able to practice/provide care, treatment or services WITHOUT supervision â by law. An RN/LPN is licensed to provide care WITH supervision, within the regulations of their license.