10 Jun DISCUSS THE OBJECTIVES OF THE CONSISTENCY STANDARD.
Generally accepted accounting principles (GAAP) are a set of rules and practices, having substantial support, that are recognized as a general guide for financial reporting purposes. Publicly owned corporations are required to include in their annual reports a description of the accounting principle that they followed in the preparation of their financial statements. Once the company adopted an accounting principle, the principle must be followed in a consistent basis.
Please do a preliminary research and discuss the following questions:
Discuss the objectives of the consistency standard.
Select 2 companies in the same industry, and use the Internet to find their current balance sheets. Then, discuss what is disclosed in the footnotes of the financial statements in regard to the accounting principles on inflation.
Based on your study of the two companies balance sheet, which company has better financial position and why.
Define GDP and GNP. What do they measure, and how does this impact the organization?
Discuss the role of the Fed on the national economy, and how does this impact the organization?
Share with the class what you have found. Do not use the companies that one of your classmates has used.
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.
About Writedemy
We are a professional paper writing website. If you have searched a question and bumped into our website just know you are in the right place to get help in your coursework. We offer HIGH QUALITY & PLAGIARISM FREE Papers.
How It Works
To make an Order you only need to click on “Order Now” and we will direct you to our Order Page. Fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Are there Discounts?
All new clients are eligible for 20% off in their first Order. Our payment method is safe and secure.