Purpose: To learn about the functions of the Securities and Exchange Commission (SEC). Instructions Use the information
Question:
Instructions
Use the information in this site to answer the following questions.
(a) What event spurred the creation of the SEC? Why was the SEC created?
(b) What are the four divisions of the SEC? Briefly describe the purpose of each.
(c) What are the responsibilities of the chief accountant?
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a The SEC was created by Congress after the stock market crash of 1929 The SEC was created to restore investor confidence in our capital markets by providing more structure and government oversight b ...View the full answer
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Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
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Related Book For
Financial Accounting Tools for business decision making
ISBN: 978-0470534779
6th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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