In the last week of semester, the accounting lecturer stated that there will definitely be a 20%
Question:
In the last week of semester, the accounting lecturer stated that there will definitely be a 20% essay question in the final exam on GAAP. Imagine you are preparing the summary notes to assist your revision for the final exam.
Required
Prepare notes for the final exam that:
(a) Summarise and explain the main aspects of GAAP
(b) Identify and explain three of the many interrelationships between the elements of GAAP.
(c) Go to www.globalreporting.org/Home and answer the following questions.
(i) What is the GRI?
(ii) What are the benefits of GRI Reporting?
(iii) Explain the GRI Reporting Framework.
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a The main aspects of GAAP include i An entity and its environment ii Objective of financial reporti...View the full answer
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Related Book For 
Financial Accounting Reporting Analysis And Decision Making
ISBN: 9780730313748
5th Edition
Authors: Shirley Carlon, Rosina Mladenovic Mcalpine, Chrisann Palm, Lorena Mitrione, Ngaire Kirk, Lily Wong
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