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Discussion 1.
The GAAP regulations allow for variations in reporting financial data. What is the purpose of these options? There has also are been discussion to replace the GAAP with IFRS standards. Discuss.
Discussion 2.
There are various ways that sales may be reported. However, the consistency principle of accounting states that the same methods and procedures should be followed every year. Discuss.
Discussion 3.
Depreciation may be calculated several different ways. Why are these alternatives are allowed for reporting? Discuss.
Which one of these analyses do you believe is most important? Which is least important? Explain why? Please answer in 225 words or less and cite URL or references used for class examination.
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How else could companies have modified their compensation programs to better link performance with pay than a one time bonus?
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