ACC410 Financial reporting GAAP

ACC410 Financial reporting GAAP - performance provided by...

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Question : (In correspondence to Learning Outcome 1a) A characteristic of information provided by financial reporting is that it   Largely reflects the financial effects of past transactions and events.      According to SFAC 1, “The primary focus of financial reporting is information about an entity’s 
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Unformatted text preview: performance provided by measures of earnings and its components. Although such information concerns the past, investors and creditors commonly use it to evaluate an entitys current and future performance. 1...
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This note was uploaded on 10/27/2010 for the course FIN 82571 taught by Professor Sharp during the Fall '10 term at CSU Sacramento.

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