Solution-Explain the generally accepted accounting

Explain the generally accepted accounting principles

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Question: There is a high school accounting intern working in your office for the summer. In the lunchroom, she overhears people talking about financial reporting and GAAP. She doesn't really know what they are, so she asks you to explain them to her.

? Explain what accountants are generally referring to when they talk about "financial reporting."

? Explain the generally accepted accounting principles (GAAP).

? Explain the sources of GAAP.

Reference no: EM132004878

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Explain the generally accepted accounting principles

Reference no: EM132004878

Reference no: EM132004878

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