Question: Now that we've learned a bit about accounting including the primary financial statements-Balance Sheet and Income Statement, the principles underlying those GAAP financial statements

Now that we've learned a bit about accounting including the primary financial

Now that we've learned a bit about accounting including the primary financial statements-Balance Sheet and Income Statement, the principles underlying those GAAP financial statements matching principle, consistency, historical cost, and internal controls around how those transactions should be recorded. The final assignment will be a discussion to share with your classmates an example of accounting in the news. The topic doesn't have to cover a specific topic that we learned about, and can be more expansive maybe it's about taxes, or a recent fraud, or that ESG reporting (Environmental, Social, and Governance) will now have to be reported in public company financial statements. Please share your initial post by Thursday, June 30th and respond to two classmates by Saturday, July 2nd. The responses should be more than just "good job" or "interesting post" and should offer some follow-up or additional context/relevance.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!