Why must accounting reports be prepared according to specific procedures (GAAP)? Would it be a good idea

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Why must accounting reports be prepared according to specific procedures (GAAP)?

Would it be a good idea to allow businesses some flexibility or creativity in preparing financial statements? Why or why not?

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Understanding Business

ISBN: 9781260894851

13th Edition

Authors: William Nickels, Jim McHugh, Susan McHugh

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Question Posted: Jul 25, 2024 08:02 AM

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Why must accounting reports be prepared according to specific procedures (GAAP)? Would it be a good idea

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Understanding Business

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