Do public and private companies follow the same set of accounting rules? Explain.
Answer to relevant QuestionsDefine conservative, neutral, aggressive, and fraudulent accounting choices made by managers of firms.Why is it important for a forensic accountant to employ both internal and external comparisons in financial statements analysis?Compare and contrast Altman’s Z- score models for publicly traded manufacturing firms and privately held firms.What is content analysis, and why is it useful to a forensic accountant?1. Which of the following describes the result of calculating a financial ratio?a. An asset as a percent of revenueb. The numerator expressed in terms of one unit of the denominatorc. Net income as a percent of cash flowd. ...
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