Unformatted text preview: situation, and furthermore how it is going to perform in the future. Consistent: financial reports must be prepared on a regular and similar basis. If criteria change from one report to another, comparison is difficult. Comparable: Shareholders want to know if they could get a better return in other investments. In order to achieve this purpose, comparison must be guaranteed....
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This note was uploaded on 01/24/2012 for the course ACC 220 ACC 220 taught by Professor Black during the Spring '11 term at University of Phoenix.
- Spring '11