Critically assess the key accounting practices and policies

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Reference no: EM132991376

Corporate reporting assignment

1. Critically assess the key accounting practices and policies identified for a named business sector.

Learner has to mention the key accounting practices other than compensation committee and policies identified for a named business sector

Learner has to cover Accounting practices, the process and activity of recording the day-to-day financial operations of a business entity. ... Generally accepted accounting principles (GAAP) common set of accounting principles, standards, and procedures issued by the Financial Accounting Standards Board (FASB).

Prepare accounting information.

Learner has to prepare accounting information.

These are the sales, cash receipts, cash disbursements, and purchases journals. Information systems also commonly include accounts receivable and accounts payable subsidiary ledgers, which are listing's of all the transactions that make up a general ledger account

Reference no: EM132991376

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