How does Generally Accepted Accounting Principle (GAAP) established?
Rowena S.
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What is the Objectives of financial reporting?
Anisur R.
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nice information
Alsaher S.
1 0
Financial Reporting Objectives :
1. Is useful to existing and potential investors and creditors and other users in making rational investment, credit, and similar decisions;
2. Helps existing and potential investors and creditors and other usear to assess the amounts, timing, and uncertainty of pro spective net cash inflows to the enterprise;
3. Identifies the economic resources of an enterprise, the claims to those resources, and the effects that transactions, events, and
Shamsudheen P.
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what is financial statements?
Grace M.
0 0
The basic elements should be assets, liabilities, income and expense.
Grace M.
0 0
Apart from the basic elements, are there other elements that are not basic.
Grace M.
0 0
Should we consider all the items listed in the text as basic elements of financial statements?
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How does Generally Accepted Accounting Principle (GAAP) established?
What is the Objectives of financial reporting?
nice information
Financial Reporting Objectives : 1. Is useful to existing and potential investors and creditors and other users in making rational investment, credit, and similar decisions; 2. Helps existing and potential investors and creditors and other usear to assess the amounts, timing, and uncertainty of pro spective net cash inflows to the enterprise; 3. Identifies the economic resources of an enterprise, the claims to those resources, and the effects that transactions, events, and
what is financial statements?
The basic elements should be assets, liabilities, income and expense.
Apart from the basic elements, are there other elements that are not basic.
Should we consider all the items listed in the text as basic elements of financial statements?