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You may ( and are encouraged to ) use debits and credits or t - accounts to illustrate the accounting if appropriate. Cite the ASC
You may and are encouraged to use debits and credits or accounts to illustrate the accounting if appropriate.
Cite the ASC down to the Paragraph. For example, ASC
Question Theory points:
You are visiting family and are scrolling through your news feed while at the airport. One that pops up is an oped that discusses the changing nature of the economy. Specifically, the writer speculates that artificial intelligence will dramatically change the way that financial statements are created and financial statement users interact with financial data. The author further speculates that this will benefit financial statement users, since then anyone with an online connection would be able to access any data about a company's operations in realtime and interact. How will the onset of this technology potentially change your career prospects as an aspiring accountant?
Question Conceptual Framework points:
Why do we have a conceptual framework? In other words, what does the FASB conceptual framework achieve and why is each component important?
Question Codification points:
How does US GAAP define "Cash" and "Cash Equivalents", respectively?
partner who has a basic understanding of accounting? You may and are encouraged to use debits and credits or accounts to illustrate the accounting if appropriate.
Cite the ASC down to the Paragraph. For example, ASC
Question Theory points:
You are visiting family and are scrolling through your news feed while at the airport. One that pops up is an oped that discusses the changing nature of the economy. Specifically, the writer speculates that artificial intelligence will dramatically change the way that financial statements are created and financial statement users interact with financial data. The author further speculates that this will benefit financial statement users, since then anyone with an online connection would be able to access any data about a company's operations in realtime and interact. How will the onset of this technology potentially change your career prospects as an aspiring accountant?
Question Conceptual Framework points:
Why do we have a conceptual framework? In other words, what does the FASB conceptual framework achieve and why is each component important?
Question Codification points:
How does US GAAP define "Cash" and "Cash Equivalents", respectively?
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