Reference no: EM131146867
Generally accepted accounting principles (GAAP) are a set of rules and practices, having substantial support, that are recognized as a general guide for financial reporting purposes. Publicly owned corporations are required to include in their annual reports a description of the accounting principle that they followed in the preparation of their financial statements. Once the company adopted an accounting principle, the principle must be followed in a consistent basis.
Please do a preliminary research and discuss the following questions:
1. Discuss the objectives of the consistency standard.
2. Select 2 companies in the same industry, and use the Internet to find their current balance sheets. Then, discuss what is disclosed in the footnotes of the financial statements in regard to the accounting principles on inflation.
3. Based on your study of the two companies balance sheet, which company has better financial position and why.
4. Define GDP and GNP. What do they measure, and how does this impact the organization?
5. Discuss the role of the Fed on the national economy, and how does this impact the organization?
6. Share with the class what you have found. Do not use the companies that one of your classmates has used.
|
Evaluate researchers successfully evaluated enculturation
: For this discussion, consider enculturation, the process by which individuals learn and adopt the ways and manners of their specific culture. Research global parenting styles or cultural differences in education and locate a scholarly research art..
|
|
Discuss the actions an auditor should take
: Discuss the actions an auditor should take when the auditor discovers an illegal act. Discuss three reasons why auditors are responsible for "reasonable" but not "absolute" assurance.
|
|
Damped frequency of oscillation
: What is the difference between the natural frequency and the damped frequency of oscillation?
|
|
Provide a description of the most common symptoms
: Provide a description of the most common symptoms experienced by someone with this problem. Also, include areas a counselor would want to specifically assess in the initial interview based on what you know about this issue.
|
|
Discuss the objectives of the consistency standard
: Discuss the objectives of the consistency standard. Based on your study of the two companies balance sheet, which company has better financial position and why.
|
|
Locations characterize the under damped system
: What pole locations characterize the under damped system, (2) the over damped system, and (3) the critically damped system?
|
|
Functions of our two brain hemispheres
: Why do you think psychologists study animals? What ethical guidelines safeguard human and animal research participants and What do split-brains reveal about the functions of our two brain hemispheres
|
|
Explain how a manager would use the statement
: Explain how a manager would use the statement to drive financial analysis and decision-making. Your post should be 200-250 words in length.
|
|
Create a powerpoint presentation
: Introduce three leadership practices and three discovery skills- Give the context of each, describe their importance, and share examples of their successful application.
|