Solved by Expert Tutors
Copied Article GAAP: Standards & Rules for Accountants If your company hopes one day to issue stock or participate in mergers and acquisitions,...
Solved by Expert Tutors
Question

article analyses: Collect and analyze newspaper or magazine article

relating to managerial accounting issue. The following “rules” apply- the analysis of article should:
A short paper to summarize the analysis should include:

-Describe what specific managerial accounting concept(s) is (are) discussed in the article;
-What is your understanding of the concept(s); and
-Explain why this article is a good example of the concept(s).     
-Source and date of article must be indicated. All types of magazines and newspapers are eligible.
-The analysis paper must be typed (or word processed) and double-spaced. Cut and paste the article into the document. Provide proper citation.
-The analysis paper of article is limited to a maximum of two pages.Analyses will be graded on:

-Quality of the analysis of article.
-Appropriateness of the articles selected.
-Diversity of topics covered in the articles.
-Overall presentation of the materials.

Note: I need basic word as an international student pleases


you did for me the first article which i will put it under file
pleases i want the same with different subject

Copied Article GAAP: Standards & Rules for Accountants If your company hopes one day to issue stock or participate in mergers and acquisitions, knowledge of generally accepted accounting principles (GAAP) is critically important. While responsibility for GAAP falls on accountants, a general familiarity with the system and its pros and cons can help you hire excellent financial services and may ultimately affect your company's long-term sales and stock valuation potential. GAAP is a term that refers to a set of rules, standards and practices used throughout the accounting industry to prepare and standardize financial statements that are issued outside the company. These standards help investors and creditors better compare companies. Companies are expected to follow generally accepted accounting principles when they report their financial information. GAAP affects the following activities: Measuring economic activity Disclosing information about an activity Preparing and summarizing economic information Recording measurements at regular intervals How GAAP is regulated
Background image of page 1
Before the stock market crash of 1929 and the Great Depression, the government passed laws to create a standard for accounting practices among publicly held companies. While GAAP itself is not government-regulated, it exists because of the combined efforts of government and business. The use of GAAP is not mandatory for all businesses, but the U.S. Securities and Exchange Commission (SEC) requires publicly traded and regulated companies to follow GAAP for the purpose of financial reporting. Companies that issue stock are held to this standard by the Securities Act and the Securities Exchange Act, which require yearly external audits by independent accountants. Companies without external investors are not obliged to follow this standard. Despite the mandate, the SEC is not responsible for the standards associated with GAAP. Instead, the Financial Accounting Standards Board (FASB) actively influences any changes in financial reporting standards used at the corporate level. The Financial Accounting Standards Advisory Councils (FASAC) advises the FASB on all matters that may influence GAAP rules. Government entities, on the other hand, are influenced by a set of standards that are slightly different from GAAP. The Government Accounting Standards Board (GASB) manages those standards. Other countries have their own GAAP rules, which differ from those in the United States. Each country's own version of the FASB, such as the Canadian Institute of Chartered Accountants (CICA), creates these rules. Applying GAAP in the workplace
Background image of page 2
Show entire document
Sign up to view the entire interaction

Step-by-step answer

ia pulvinar tortor nec facilisis. P

ur laoreet. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Donec aliquet. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laore

Cost issues in managerial accounting.docx
ec facilisis. Pell nec facilisis. Pellentesque dapibus efficitur laoreet. Nam risus ante, dapibus a Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Donec aliquet. Lorem ipsum dolor sit

Subscribe to view the full answer

Subject: Accounting, Business

Why Join Course Hero?

Course Hero has all the homework and study help you need to succeed! We’ve got course-specific notes, study guides, and practice tests along with expert tutors.

  • -

    Study Documents

    Find the best study resources around, tagged to your specific courses. Share your own to gain free Course Hero access.

    Browse Documents
  • -

    Question & Answers

    Get one-on-one homework help from our expert tutors—available online 24/7. Ask your own questions or browse existing Q&A threads. Satisfaction guaranteed!

    Ask a Question