What is meant by generally accepted accounting principles, and how do these principles add to the integrity
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
Generally accepted accounting principles or standards are agreed...View the full answer
Answered By
Rustia Melrod
I am a retired teacher with 6 years of experience teaching various science subjects to high school students and undergraduate students. This background enables me to be able to help tutor students who are struggling with the science of business component of their education. Teaching difficult subjects has definitely taught me patience. There is no greater joy for me than to patiently guide a student to the correct answer. When a student has that "aha!" moment, all my efforts are worth it.
The Common Core standards are a useful yardstick for measuring how well students are doing. My students consistently met or exceeded the Common Core standards for science. I believe in working with each student's individual learning styles to help them understand the material. If students were struggling with a concept, I would figure out a different way to teach or apply that concept. I was voted Teacher of the Year six times in my career. I also won an award for Innovative Teaching Style at the 2011 National Teaching Conference.
4.90+
4+ Reviews
10+ Question Solved
Related Book For
Financial and Managerial Accounting the basis for business decisions
ISBN: 978-0078111044
16th edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
Question Posted:
Students also viewed these Accounting questions
-
Generally accepted accounting principles do not require companies to disclose forecasts of any financial variables to external users. A friend, who is a finance major, is puzzled by this and asks you...
-
Generally accepted accounting principles should be applied consistently from period to period. However, changes within a company, as well as changes in the external economic environment, may force a...
-
What are generally accepted accounting principles (GAAP)?
-
Suppose that you just purchased 200 shares of Talk&Tell stock for $60 per share. a. If the initial margin requirement is 71.00%, how much money must you borrow? b. Construct the balance sheet...
-
In 2008 a drought in Australia's rice-growing regions raised the world price of rice from 12 to 24 cents a pound. Demonstrate graphically the effect of the drought on equilibrium price and quantity...
-
The center-to-center distance between Earth and Moon is 384 400 km. The Moon completes an orbit in 27.3 days. (a) Determine the Moons orbital speed. (b) If gravity were switched off, the Moon would...
-
\(P(A)=73 \%, P\left(A^{\prime} ight)=27 \%, P(B \mid A)=46 \%\), and \(P\left(B \mid A^{\prime} ight)=52 \%\) According to Bayes' Theorem, the probability of event A, given that event B has...
-
The following empirical equation correlates the values of variables in a system in which solid particles are suspended in a flowing gas: Both (?/pD) and (d p up/?) are dimensionless groups; kg is a...
-
Calculate C in the units of d 2 /AU 3 for each orbital body listed in this table. Use the formula T 2 = Ca 3 and the proper number of significant digits in your value for C. The first one has been...
-
Questions 4. What would be a reasonable estimate of total cost for January of Year 2? 5. With only a 5 percent risk of being wrong, would you accept without investigation a January of Year 2 actual...
-
Why is- it important for accounting information to have the quality of integrity?
-
What is an internal control structure, and how does it add to the integrity of accounting information?
-
Many travelers might consider Lieberthals method too inconvenient. Clearly, his electronically clean methods are time consuming and expensive. In your opinion, is there a tradeoff between...
-
LinkedIn, the professionally-oriented online social network, was acquired in 2016 by technology giant Microsoft for $26.2 billion. Although Microsoft was partly motivated by LinkedIns top-notch...
-
(a) What is the meaning of depreciation? (b) Give three reasons why depreciation may occur. (c) Name two methods of depreciation. (d) In what way do you think the concept of consistency applies to...
-
Does it matter whether a higher or lower discount rate is applied to the CBA of a social project? If so, why?
-
Identify the different groups within a major U.S. airline that could be operating in silos, then design one approach for how the company could be structured to cut across silos and stay close to the...
-
A On 1 January 2012 the following balances, among others, stood in the books of B. Baxter: (a) Lighting and heating, (Dr) 192. (b) Insurance, (Dr) 1,410. During the year ended 31 December 2012 the...
-
\(\omega_{1}\) is near \(50 \mathrm{rad} / \mathrm{s}\) and \(\omega_{2}\) is near \(180 \mathrm{rad} / \mathrm{s}\) A DOF system with a cubic nonlinearity has a linear natural frequency of \(120...
-
Find the image of x = k = const under w = 1/z. Use formulas similar to those in Example 1. y| y = 0 -21 -2 -1 -1, /1 12 T -1 -1 y= -2 x =0
-
Universal Products Co. has almost finished its pro forma financial statements for 2022, as shown next. a. Assume that Universal plans to purchase $500,000 in fixed assets during 2022 and to dispose...
-
Do you envision the business as starting by targeting specific needs of a single target community (e.g. the target is San Francisco), targeting specific needs of a similar set of communities (e.g....
-
Define social media. ( 20 points ) How has social media changed the way marketers and consumers communicate with one another? Explain the implications for marketers. Describe how marketing managers...
-
Find an article or video offering advice on choosing the best financing option for a business. Answer the following questions: Which types of financing did they discuss? What advice did they offer?...
Study smarter with the SolutionInn App