W3A1 - hurt the business By publishing Fnancial informaTon...

Info icon This preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
GAAP is used to provide information that is consistent comparable, reliable, and relevant. With this being said Movies Plus Inc. should consider using GAAP for its financial reporting. Using GAAP can be beneficiary by providing precise financial data and reporting on a timely manner. Without the use of GAAP in the financial reporting of Movies Plus Inc. the reports can be misleading to customers and shareholders. This can develop many ethical issues and unnecessary investigations that can ultimately
Image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: hurt the business. By publishing Fnancial informaTon on the business’s website, Movies Plus Inc. can be vulnerable to many risks like; Errors in recording and updaTng the Fnancial accounTng records. Unauthorized access to the Fnancial records. Loss of data in the Fnancial records....
View Full Document

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern