Department of English & Foreign Languages. The Department of English shares a broad objective with other departments in the School of Humanities and Social Sciences: to teach the skills which will enable you to interpret, evaluate, and, in your own way, change your world.
In short, GAAP requires accrual accounting rather than cash accounting, because the accrual basis better fits the defined objectives of the Financial Accounting Standards Board (FASB). Accrual accounting requires companies to record transactions in the time period in which financial events occur.
1 A FAFSA must be filed to qualify. 2  Interest is not paid by the federal government while the student is enrolled and is the responsibility of the borrower during that time. (see interest rates and origination fees)  Interest will begin to accrue the date the loan is disbursed and can be: