Question

Paper' within the broad framework of Financial Write a "Term Reporting The paper:- (ii) should analyze any accounting issue/topic of your choice the issue/topic can be empirical or theoretical, related to general purpose financial reporting should be in not more than four (4) type written pages; 12-Times new roman font size (iii) You may wish to organize the paper in the following order:- Introduction 30% Theory and Practice (Discussions) 50% Conclusion or Recommendations 20%

Answer 1

General purpose financial accounting is emphasized to help professionals and investors in their decision-making rules. Financial goals with common goals / goals include sets of balance sheets, retained earnings statements and cash transactions.

Organizations use these financial statements as a proof of financial reporting to inform the Company's work with outsiders.

In terms of management, it is important to contribute to understanding the product and its limitations. Business accounting begins with the implementation of extensive literature, including a series of broad frameworks, as recommended and approved in the USA. The conclusions are drawn after examining the framework issued by the International Business Accounting Standards Committee in 1979 and the International Accounting Standards Board in 1979.In observing, a wide range of frameworks attempt to trace the evolution of discretion.

In terms of management, a broader framework is used as an attempt to define the nature of business accounting. A broad framework should consider the issues surrounding the theory of financial reporting and create a coherent basis that will facilitate the development of accounting.

The broader framework deals with many topics, but when viewed as a specific statement related to annual financial reports. The purpose of financial reporting is to provide useful information about financial information, how to evaluate transactions and how to report them so that they can be communicated to users.

General-purpose financial statements provide information about the financial reports of that entity, including information about financial reports and claims on it. That is part of any change in his financial status. Which can be like financing and consolidating debt.

You learned the difference between bookkeeping and the basic language of business accounting, the purpose of accounting, the emotions and the functions, and the two types of financial accounting and management accounting. You should be able to analyze other components of financial information.