Explain what is covered by GAAP and why it is important to use this standards

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ekkarill92 answered 1 year ago

What are standards, and why is interoperability among standards so important? Explain with an example.

1. What are the key components to GAAP? Why is it important that GAAP governs financial...

1. What are the key components to GAAP? Why is it important that GAAP governs financial reporting?

-What is the GAAP created and why is it important? -Provide a current example of a...

-What is the GAAP created and why is it important? -Provide a current example of a company that has ethically violated accounting principles, what happened, what was the penalty? Why is ethics in accounting important?

Explain the ethical standards of auditing in the U.S. and why it is so important to...

Explain the ethical standards of auditing in the U.S. and why it is so important to have strong global standards also. Discuss the ethical guidelines you consider to be absolutely essential as part of International Auditing Standards.

Why the "accrual basis of accounting"? There are many differences in the accounting standards (GAAP) of...

Why the "accrual basis of accounting"? There are many differences in the accounting standards (GAAP) of different countries, but GAAP in virtually all countries requires the use of the accrual basis of accounting. Why do you think that the accrual basis of accounting is required by all countries' GAAP, and why does now country's GAAP allow the cash basis of accounting?

Why are the standards in GAAP different for loss and gain contingencies? Do you agree? Why...

Why are the standards in GAAP different for loss and gain contingencies? Do you agree? Why or why not?

why is it important to consider the differences in IFRS and GAAP in general

Discuss why network standards are important. Briefly explain the purpose of Request for Comments (RFCs). Explain...

Discuss why network standards are important. Briefly explain the purpose of Request for Comments (RFCs). Explain the role of the Internet Engineering Task Force (IETF) in setting standards for the Internet. subject :data communication & network

what happen to the reference, to this homework The U.S. GAAP standards in this image (and...

what happen to the reference, to this homework The U.S. GAAP standards in this image (and found in your book on page 80) were developed and codified by the Financial Accounting Standards Board (FASB) and accepted by the AICPA (American Institute of Certified Public Accountants). You have probably heard of the AMA (American Medical Association) for physicians. It is a professional organization that promotes and educates physicians. The professional organizations that developed GAAP (Generally Accepted Accounting Principles) are similar to...

Why is it important to have standards and blanks in an ELISA?

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