Select: None Message Actions Expand Collapse A 36 Posts) in this Thread 13 unread Thread 2 of 2 O Unread Replies to Me John Davis Week 1 4 months ago COLLARE Class Collapse Post 1. What information should an investor be able to find within the financial statements and why is is important that they be reviewed by a third party? 2. Firms speak of the use of Generally Accepted Accounting Principles (GAAP). Why is this approach important and who assures that it is followed? (There are several parties involved) 3. What is accrual accounting and how does it differ from cash based acconting? 4. What information does the balance sheet contain as compared to the income statement? the initial questions in the discussions for the week. Let me know if you have any questions on this You can post other on that you are familiar with concerning the work for the specific week we are working on. By Wednesday or Thursday of each work we have covered John Davis Reply Quote Email Author MacBook Pro So 5 8 1. What information should an investor be able to find within the financial statements and why is is important that they be reviewed by a third party? 2. Firms speak of the use of Generally Accepted Accounting Principles (GAAP). Why is this approach important and who assures that it is followed? (There are several parties involved) 3. What is accrual accounting and how does it differ from cash based acconting? 4. What information does the balance sheet contain as compared to the income statement