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What are alternative accounting methods

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Q1. What are alternative accounting methods? Provide 1 example.

Q2. What is pro forma income? What is its purpose?

Q3. What are the 3 basic tools for financial statement analysis? Explain each.

Q4. What is the importance of data analysis in the accounting process?

Q5. Standard-setting environments are discussed in Ch. 2, "A Further Look at Financial Statements," of accounting. What is a standard-setting environment?  Identify 1 example and describe how it functions.

Reference no: EM133112939

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