Acct 3a lec 100107

Acct 3a lec 100107 - system o Internal controls o The other...

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Acct 3a lec 100107 Econ.ucsb.edu/~anderson [818] 348-5294 Anderson@econ.ucsb.edu Lecture slides online -do Wileyplus hw [website on syllabus] Username: Anderson Password: nh1110 No section this week GAAP: generally accepted accounting principles 90% of transactions are “routine” and can be accurately reported by a strong
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Unformatted text preview: system o Internal controls o The other 10% is what you read about in the papers financial statements must have: o reasonable presentation o reliable o comparable o conservative: when in doubt, choose the most conservative path...
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