Us gaap - Study guides, Class notes & Summaries
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![ACCT 3222-3, Wiley, LSU, Exam 1 || with Error-free Solutions.](/docpics/5481875/6657cdf10b51f_5481875_121_171.jpeg)
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ACCT 3222-3, Wiley, LSU, Exam 1 || with Error-free Solutions.
- Exam (elaborations) • 27 pages • 2024
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Audit Services correct answers services by an independent CPA that provide financial statement users with (1) an opinion on whether the financial statements are presented fairly, in all material respects, in accordance with an applicable financial reporting framework and (2) an opinion on the effectiveness of ICFR, which enhance the degree of confidence that intended users can place in the financial statements 
 
Attestation Services correct answers Services performed when an independent practit...
![D196- Principles of Financial and Managerial Accounting |Questions with 100% Correct Answers | Updated & Verified | 2024](/docpics/5022766/661ef542446b5_5022766_121_171.jpeg)
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D196- Principles of Financial and Managerial Accounting |Questions with 100% Correct Answers | Updated & Verified | 2024
- Exam (elaborations) • 26 pages • 2024
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bookkeeping - day to day keeping of transcations 
steps of decision making - identify issue 
gather information 
identify alternatives 
select option that most likely results in desired objective 
accounting - analysis of events 
record and report financial effects of business activities 
where does capital come from (3) - investors 
creditors(lenders) 
business itself (from earnings retained) 
2 main types of accounting - financial and managerial 
managerial accounting - gather and analysis of ...
![MHA 706 Midterm- Lord Exam Questions and Answers 100% Pass](/docpics/5491269/6658ed2727537_5491269_121_171.jpeg)
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MHA 706 Midterm- Lord Exam Questions and Answers 100% Pass
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MHA 706 Midterm- Lord Exam 
Questions and Answers 100% Pass 
Proprietorships & Partnerships: Pros & Cons - Correct Answer ️️ -Pros: Ease of 
Information, Subject to a few regulations, no corporation income taxes. 
Cons: Limited life, difficult to transfer, unlimited life, difficult to raise capital. 
Corporations: Pros & Cons - Correct Answer ️️ -Pros: Unlimited life, easy transfer of 
ownership, limited liability, ease of raising capital. 
Cons: Cost of formation and reporting, double o...
![D196- Principles of Financial and Managerial Accounting Questions and Answers Graded A](/docpics/63c6ec7cb1160_2268400.jpg)
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D196- Principles of Financial and Managerial Accounting Questions and Answers Graded A
- Exam (elaborations) • 33 pages • 2023
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D196- Principles of Financial and Managerial Accounting Questions and Answers Graded A bookkeeping day to day keeping of transcations 
steps of decision making identify issue gather information identify alternatives select option that most likely results in desired objective 
accounting analysis of events record and report financial effects of business activities 
where does capital come from (3) investors creditors(lenders) business itself (from earnings retained) 
2 main types of accounting fi...
![Accounting Crash Course Exam V4 Wall Street Prep Exam Questions with complete Answers | Latest Updated 2024/2025 | Scored A+](/docpics/5172340/66337e28ced18_5172340_121_171.jpeg)
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Accounting Crash Course Exam V4 Wall Street Prep Exam Questions with complete Answers | Latest Updated 2024/2025 | Scored A+
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1. What is Accounting?: Accounting is the language of business; it is a standard 
set of rules for measuring a company's financial performance. 
Assessing a company's financial performance is important for: 
The firm's officers (managers and employees) 
Investors 
Lenders 
General public 
Standard financial statements serve as a "yardstick" of communicating financial 
performance to the general public. 
2. Why is Accounting Important?: Enables managers to make corporate decisions 
Enables t...
![IFRS Exam 1 | 100% Correct Answers | Verified | Latest 2024 Version](/docpics/5471117/6656f5725d939_5471117_121_171.jpeg)
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IFRS Exam 1 | 100% Correct Answers | Verified | Latest 2024 Version
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IFRS Exam 1 | 100% Correct Answers | 
 
Verified | Latest 2024 Version 
 
1. What does IFRS stand for? 
a. International Financial Reporting Structure 
b. International Financial Reporting Standards 
c. Intercontinental Financial Reporting Standards 
d. Intercontinental Finance Reporting Structure - b 
 
2. What is the goal of IFRS? - The goal of IFRS is to achieve a single set of high-quality, common 
accounting standards used around the world. 
 
3. Identify the correct statement about IFRS us...
![International Accounting Exam 1 CH 1-3 Questions with 100% Correct Answers](/docpics/6780719/6755564380d45_6780719_121_171.jpeg)
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International Accounting Exam 1 CH 1-3 Questions with 100% Correct Answers
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International Accounting Exam 1 CH 1-3 
Questions with 100% Correct Answers 
International Accounting - Focuses on the accounting issues unique to 
multinational corporations 
Three levels of international accounting - 1. Supranational accounting 
2. Company Level 
3. International Accounting 
1. Supranational accounting - Standards, guidelines, rules followed by 
supranational organizations (ex. European Union). No jurisdiction over the 
US. 
2. Company Level - followed by the company in intern...
![Intermediate Accounting Final Exam Questions and answers with Complete Solutions](/docpics/4876694/66083fba9f4d1_4876694_121_171.jpeg)
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Intermediate Accounting Final Exam Questions and answers with Complete Solutions
- Exam (elaborations) • 20 pages • 2024
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Which need is the primary influence on the demand for financial information? - The need for 
user groups to make decisions regarding resource allocation 
Which organization is responsible for the oversight, financing, and administration of all 
accounting standard setting organizations in the US? - Financial Accounting Foundation 
(FAF) 
Three organizations that set financial accounting standards for US companies? - Committee 
on Accounting Procedures (CAP), Accounting Principles Board (APB), an...
![WGU - C214: Financial Management Questions and Correct Answers the Latest Update and Recommended Version](/docpics/6480919/6719edf4234ef_6480919_121_171.jpeg)
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WGU - C214: Financial Management Questions and Correct Answers the Latest Update and Recommended Version
- Exam (elaborations) • 14 pages • 2024
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If accounts receivable increases, what is the impact on CFO? 
 CFO decreases 
Are actual taxes paid the same as how on the GAAP income statement? 
 No. 
 
 Actual Taxes = IRS Rules 
 Income Statement = GAAP 
Which decisions require using subjective estimates? 
 Economic life of a new asset. 
If there is a 30% change of a recession, what is the probability of expansion? 
 70% 
 
 *The sum of probabilities must equal 100% 
How much interest is paid on a 6% bond over 2 years and 3 months? 
TestTrac...
![SNHU INT 220 Week 5 Exam 33 Questions with Verified Answers,100% CORRECT](/docpics/7051691/678ec7ef26ee7_7051691_121_171.jpeg)
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SNHU INT 220 Week 5 Exam 33 Questions with Verified Answers,100% CORRECT
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SNHU INT 220 Week 5 Exam 33 Questions with Verified Answers 
 
Accounting Standards - CORRECT ANSWER A system of rules and principles that prescribe the format and content of financial statements. 
 
International Financial Reporting Standards (IFRS) - CORRECT ANSWER Standards that are developed by the International Accounting Standards Board (IASB) for reporting company financial results and that are followed by over one hundred nations throughout the world. 
 
Generally Accepted Accounting Pri...
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