Question
Now that we've learned a bit about accounting including the primary financial statements-Balance Sheet and Income Statement, the principles underlying those GAAP financial statements
Now that we've learned a bit about accounting including the primary financial statements-Balance Sheet and Income Statement, the principles underlying those GAAP financial statements matching principle, consistency, historical cost, and internal controls around how those transactions should be recorded. The final assignment will be a discussion to share with your classmates an example of accounting in the news. The topic doesn't have to cover a specific topic that we learned about, and can be more expansive maybe it's about taxes, or a recent fraud, or that ESG reporting (Environmental, Social, and Governance) will now have to be reported in public company financial statements. Please share your initial post by Thursday, June 30th and respond to two classmates by Saturday, July 2nd. The responses should be more than just "good job" or "interesting post" and should offer some follow-up or additional context/relevance.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started