Friday, 24 January 2014

INTERMEDIATE ACCOUNTING


You have been asked to give a presentation to junior staff members on the objectives of financial reporting and the conceptual framework.
Prepare a professional, business-quality presentation including the following:
Professional tone and appearance
Presentation well suited for the audience (junior staffers)
Appropriate citations and references in APA style
Information covering the following topics:
Identify the 1 general objective of financial reporting.
Describe the 3 specific objectives of financial reporting.
Explain the relationship between the objectives of financial reporting.
Explain the Financial Accounting Standards Board (FASB) conceptual framework.
(second page)


You have an accounting intern on staff and have been asked to explain to her the following:

2?3 methods by which the governing bodies communicate the standards, requirements, and guidelines for the accounting profession
At least 1 method must include some form of computer technology.
At least 2 ways in which accounting software can help implement financial reporting requirements.

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