Your assignment is to define the Significant Accounting Policies of the business you created a Business Plan for, earlier in the semester. REQUIREMENT: What would you include and exclude? Would you provide more information transparency than GAAP might require to prevent suspicion of "cooking the books? Why or why not? How would you define your tax accounting strategies to minimize suspicion around "2 sets of books"? -

My business plan was on financial counseling as a service. I do not understand how to write this assignment or what to write. 2-3 paragraphs is needed please.

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Answer Assignment is to define the Significant Accounting Policies of the business you created a Business Plan The balance sheet income statement and cash flow statement are foundational to the financ... View the full answer