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Discuss ethics in financial reporting

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Ch. 1: Introduction to Financial Statements

1. After reading about financial statements, why are financial statements important to internal users such as employees, managers, and directors?

2. Identify the forms of business organization and the uses of accounting information.

3. Discuss ETHICS IN FINANCIAL REPORTING

4. Explain the three principal types of business activity.

Ch. 2: A Further Look at Financial

5. Please discuss at least two of these accounting assumptions, and explain the impact these key accounting assumptions have on financial statement reporting.

6. What are the key accounting assumptions identified in this chapter?

7. What impact do these key accounting assumptions have on financial statement reporting?

8. Identify the sections of a classified balance sheet and describe why they are important?

Reference no: EM132164089

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