Describe the role generally accepted accounting principles

Assignment Help Accounting Basics
Reference no: EM131487952

Assignment

In a 1,000-1,250 word paper,

Describe the role of financial accounting in contemporary business. Provide one specific, real-life example of how financial accounting helps external stakeholders make informed decisions. Also, describe the role Generally Accepted Accounting Principles (GAAP) and the Financial Accounting Standards Board (FASB) plays in financial reporting in the United States.

APA FORMAT WITH 3 SCHOLARLY REFERENCES.

Reference no: EM131487952

Questions Cloud

Give two actual work examples of hawthorne effect : Define and give two actual work examples of the 'Hawthorne Effect' and the 'Halo Effect' in a work environment.
What is the level of tabor inventories : (Evaluating liquidity) The Tabor Sales Company had a gross profit margin (gross profits , sales) of 30 percent and sales of $9 million last year.
Research and locating an article : Learn about current trends in servant leadership by conducting your own research and locating an article that illustrates how the principles.
Compute the financial ratios for pamplin : (Ratio analysis) The financial statements and industry norms are shown below for Pamplin, Inc.: Compute the financial ratios for Pamplin for 2014 and for 2015.
Describe the role generally accepted accounting principles : Describe the role Generally Accepted Accounting Principles and the Financial Accounting Standards Boardplays in financial reporting in the United States.
Team performance is very popular in organizations today : Team performance is very popular in organizations today. Explain what makes a good team and what are the values of team performance?
Idealized influence and individualized consideration : Transformational leadership is often described as containing 4 I's-- inspiration motivation, intellectual stimulation, idealized influence, and individualized.
Internal records used to support health care marketing : Analyze the types of internal records used to support health care marketing applications and make at least one recommendation for an additional source of data.
Identify and describe three management styles : Explain the events leading up to your decisions and compare at least three different management styles.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd