FASB Essay Topic 235 Notes to Financial Statement

Topic 235 discusses guidance on the content and usefulness of disclosure by an entity of the accounting policies judged by management to be most appropriate to fairly present the entity's financial statements. topic 235 further notes: The accounting policies of an entity are the specific accounting principles and the methods of applying those principles that are judged by the management of the entity to be the most appropriate in the circumstances to present fairly financial position, cash flows, and results of operations in accordance with generally accepted accounting principles (GAAP) and that, accordingly, have been adopted for preparing the financial statement.

Write a five- to seven-page paper (APA format, single spaced, standard paper size, one-inch margins, and 12-point font) presenting the results of your work. Submit your paper, research log, and annotated bibliography by the due date, or as otherwise instructed. Cover pages, abstract/ executive summary, table of content if you chose to include or bibliography / reference lists do not count toward page count.