Question
Briefly explain generally accepted accounting principles (GAAP) and describe why it is important that public companies follow GAAP when preparing financial statements. In addition, give
Briefly explain generally accepted accounting principles (GAAP) and describe why it is important that public companies follow GAAP when preparing financial statements.
In addition, give your opinion on whether private companies should be required to follow GAAP. Provide a rationale for your opinion.
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Generally accepted accounting principles GAAP are a set of standard accounting principles standards ...
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Smith and Roberson Business Law
Authors: Richard A. Mann, Barry S. Roberts
15th Edition
1285141903, 1285141903, 9781285141909, 978-0538473637
