What do you expect to learn.

For professor I expect to understand why we consolidate entities. I plan on takeing the 10 accounting proinciples  and understanding their relevance . I will start and you all need to apply the relevance of the remaining 9

The economic entity assumption is the principle were we must maintain each entity separate, by consolidating

I am not losing the identities of the entities being combined.

Attached is a PDF of the many companies Pr0ct0r Gamble Own.

Subsidiaries of Pr0ct0r Gamble.pdf (just Google it)

You are to do the same for each of the 10 accounting principles.

Look forward to the discussions.


Remember you are to respond to 2 other students sharing ideas and developing  a better response.

Answer rating: 100% (QA)

Accounting principles are the rules that an organization follows when reporting financial information A number of basic accounting principles have been developed through common usage They form the bas... View the full answer