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How do these categories translate into financial statements

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Reference no: EM131569647

1. Using the company's financial statements you identified in Signature Assignment Part 1, review the "Notes to Consolidated Financial Statements" and the section of "Summary of Accounting Policies."

2. Write a three-page paper that addresses the following:

  • Are the accounting policies in accordance with generally accepted accounting principles? Why or why not?
  • Identify and discuss the major headings in the section "Basis of Presentation" and other categories. Why is this so important to state?
  • How do these categories translate into the financial statements? Why is it important for managers to disclose this?

Reference no: EM131569647

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