The flywheel may have fins on it that act as a fan when the flywheel spins (see Photo 5), or it may have a separately molded fan that is mounted to it (see Photo 6). A shroud, often called a blower housing, covers the flywheel and much of the engine.
The International Accounting Standards Committee (IASC) was formed in 1973 through an agreement made by professional accountancy bodies from Australia, Canada, France, Germany, Japan, Mexico, the Netherlands, the United Kingdom and Ireland, and the United States of America.he historical information about the IASC below is based on tables prepared for The International Accounting Standards Committee: A Political History, by Robert J. Kirsch, 465 pages, published in February 2007 by WoltersKluwer/CCH, ISBN: 978-1-84140-608-4.
Professions have standards for the people in their ranks, and accounting is no exception. Accountants follow generally accepted accounting principles, usually abbreviated as GAAP. Professionals in the private and public sectors use GAAP to prepare financial documents according to a common standard.