Generally Accepted Accounting Principles Narrative Essay

Generally Accepted Accounting Principles Narrative Essay

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write a narrative essay in which you address and discuss the questions and statements listed below.

This week we examined various financial statements that are prepared for use by internal and external stakeholders.  Why are externally presented reports required to be prepared according to generally accepted accounting principles while internally presented managerial accounting reports are not? How can a misstatement in one financial statement, whether intentional or not, affect a presentation in another financial statement? Give an example of an error that occurs on one of the financial statements and the error flows through to a different financial statement.  Complete the balance sheet by supplying the missing amounts for PR 13-20A on Page 619.

The bookkeeper for Packard’s Country Music Bar left this incomplete balance sheet. Packard’s working capital is $90,000 and its debt-to-assets ratio is 40 percent.

Analyzing Financial Performance Discussion Questions & Responses

The equity section of the balance sheet can include many items such as preferred stock, common stock par value, additional paid-in capital, retained earnings, and treasury stock. Elaborate on why these items are important for investors, what the items reflect, and what they have to do with the market price of the firm’s shares of stock.

Search the library or the Internet for an academic or industry-related article regarding this thesis and its implications for Saudi Arabia and Saudi Vision 2030.

For your discussion post, your first step is to summarize the article describing what you think are the most important points made by the authors

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