Financial reporting, Financial Accounting

Describe Following questions:-

Q.1 What organizations are responsible for governing financial reporting? What is the role of each organization? How have the roles changed in the last 20 years? How might their roles change in the next 20 years? (200-300 words needed)

Q.2 Describe three issues/problems that a company could encounter when trying to determine the actual cost of a good or service to be used in the cost of goods sold.
For each of your issues, provide an example of a company or industry where these issues could be present.

Posted Date: 2/18/2014 3:09:45 AM | Location : United States







Related Discussions:- Financial reporting, Assignment Help, Ask Question on Financial reporting, Get Answer, Expert's Help, Financial reporting Discussions

Write discussion on Financial reporting
Your posts are moderated
Related Questions
Q. Explain Final Location Survey? A final Location Survey is under taken on the completion of traffic survey to select the final rout of the line to be constructed, taking into

Determine the accounting aspects of business Accounting scandals can have a profound effect on all those connected with business. Enron scandal, for instance, ultimately led t

Middlehurst House is a daycare center/preschool which operates as a partnership of George Friedman and Bill Compton. The center is in a city that has a large base of twoincome fami

From the information provided, determine: 1.) The amount of retained earnings at December 31 and 2.) The amount of revenues for the period. Additional data: 1.)Expenses

At one time, Circle K was the second-largest convenience store chain in the United States. At its peak, Circle K operated 4,685 stores in 32 states. Circle K's rapid expansion was

In June 2012 Company has supplied some goods to a customer on a sale on return basis. The value of the goods was Rs. 120,000. The company recorded this transaction as credit sale,

Level of detail Financial accounting reports provide users with a comprehensive overview of performance and position of business for a period. Consequently, information is aggr

Q. Illustrate Management of commercial and political risk? Commercial risk comprises both the physical risk that goods in transit may be lost stolen or destroyed as well as the


Concept of  financial Accounting Accounting is the art of recording, classifying and summarizing the business transactions and events. Double Entry System is the base for reco