Evaluate the importance of the professional environment

Assignment Help Financial Accounting

Reference no: EM132525668

The specific course learning outcomes associated with this assignment are:

Question 1: Describe and evaluate the importance of the professional environment of financial accounting, the functions of related organizations such as the SEC, the AICPA, the FASB and its predecessors, and the creation of Financial Accounting Standards, the conceptual framework, and other sources of GAAP.

Question 2: Analyze the functions and the main sections of the four (4) primary financial accounting statements: the income statement, the statement of retained earnings, the balance sheet, and the statement of cash flows.

Question 3: Prepare the main sections of the four (4) primary financial accounting statements: the income statement, the statement of retained earnings, the balance sheet, and the statement of cash flows.

Question 4: Describe and evaluate the importance of the functions of international financial standard-setting organizations such as the IASB, IFRIC, IASCF, and the IFRIC, the hierarchy of IFRS, and international accounting convergence.

Use technology and information resources to research issues in intermediate accounting.
Write clearly and concisely about intermediate accounting using proper writing mechanics.

Reference no: EM132525668

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