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LECTURE NOTES - ch1&2 bigger picture - LECTURE NOTES: The...

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LECTURE NOTES:The BIGGER Picture (Ch. 1 and Ch. 2)The BIGGER Picture(Ch. 1 and Ch. 2)Why do we need financial reporting?What is its purpose?
Who are some of the key players in financial reporting?
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LECTURE NOTES:The BIGGER Picture (Ch. 1 and Ch. 2)Before we talk about the conceptual framework (Ch. 2), we will discussthe structure of the ultimate product of the financial reporting process –the company’s annual report/10-K.What does it look like?What information is typically included?
2.Management’s Discussion and Analysis (MD&A)
3.Comparative Financial Statements (including notes to financialstatements)
5.Management’s Report on Financial Statements and Internal Controls
6.Auditor’s report on internal controls
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LECTURE NOTES:

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Term
Spring
Professor
Linda Quick
Tags
Accounting, International Financial Reporting Standards, Financial Accounting Standards Board, bigger picture

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