How does financial accounting have an impact on society

Reference no: EM131519158

Question: 1. In addition to financial statements, what are some other ways to disclose financial information to external users?

2. How does financial accounting have an impact on society?

3. What is meant by GAAP? Why should companies follow GAAP in reporting to external users?

4. Which body is primarily responsible for the establishment of GAAP in the United States? What body serves this function on an international basis?

Reference no: EM131519158

Questions Cloud

Long-run equilibrium accounting return on equity : Assume the long-run equilibrium accounting return on equity is forecast to be 18%. Assume a long-run annual growth rate of 8%.

Which fiscal policy measure is likely to have greater impact : Which fiscal policy measure is more likely to have a greater impact on the economy when unemployment is rising and consumer confidence is falling.

Leading producers of smartphones : Apple and Samsung are often mentioned together, as they are both world leading producers of smartphones.

What is techs intrinsic value : Tech, Inc, a regional technology manufacturer plans to roll out a new product to gain market share. What is Tech's intrinsic value?

How does financial accounting have an impact on society : In addition to financial statements, what are some other ways to disclose financial information to external users?

Labor force participation after world war : Write about the trends in the labor force participation after world war 2. What has caused the trends? Explain the rise in women's labor force participation.

Discuss key similarities and differences : Discuss key similarities and differences, and the reasons for each similarity and/or difference you see.

Factors are relevant in an assessment : What factors are relevant in an assessment of whether a company is insolvent and why is the issue of insolvency an important factor in the regulation.

What was the approximate inflation rate : What was the approximate inflation rate?

User Account

All Pages