Explain why are financial statements that have been prepared

Assignment Help Financial Accounting
Reference no: EM131658450

Assignment

Instructions

Write a 500-750 word paper on the following topic:

Fidelity Investments Company is a well-known mutual fund investment company. It makes investments worth billions of dollars in companies listed on the New York Stock Exchange and other stock markets. Generally accepted accounting principles (GAAP) are very important for Fidelity's investment analysts.

What are GAAP? Why are financial statements that have been prepared in accordance with GAAP and audited by an independent CPA useful for Fidelity's investment analysts? What organizations influence GAAP? Explain how they do so.

Your paper must be formatted according to APA 6th edition guidelines, and you need to use at least one external reference.

The Originality report does not actually recommend changes. It does point out where you may need to add a citation or quotation marks (if not already cited). Once you use it a few times, you will appreciate this tool, as it will assist you in improving quality and content, as well as avoid plagiarism. Your goal is to keep direct quotations to a minimum and to make sure that you do not just cut and paste material. Ensure that all your references are cited.

Guidelines Writing Assignment Criteria Content.

Response demonstrates a clear understanding of the key elements of assignment questions.

•Response thoroughly covers the elements in a substantive manner.
•Response demonstrates critical thinking and analysis.
•Content is complete and accurate.
•Introduction and conclusion provide adequate information on the given topic.Organization.
•Paper structure is clear and easy to follow.
•Ideas flow in a logical sequence.
•Introduction provides a sound introduction to the topic and previews major points.
•Paragraph transitions are logical and support the flow of thought throughout the paper.
•The conclusion thoroughly reviews the major points.Writing Style, Grammar, APA Format.
•Sentences are well constructed, complete, clear, and concise.
•Words used are specific an unambiguous.
•The tone is appropriate to the content and assignment.
•Grammar, spelling, and punctuation are correct.
•APA guidelines (6th edition) are followed, such as headers, citations, references, etc.
•Effective use of aids such as sections, summaries, table of contents, indices, and appendices (if appropriate).

Reference no: EM131658450

Questions Cloud

State the null and alternative hypotheses : State the null and alternative hypotheses. Does this sample provide enough evidence to support Job's claim?
Research information about user support tools : Research information about user support tools.Consider such tools as DriveBooster, CCleaner, HitmanPro, Advanced System Care and so forth.
Find the probability that it will not be defective : If an items is chosen at random from the day's production, find the probability that it will not be defective.
What do you believe are the most damaging ones and why : Discuss what you think are the most common threats to Web browsers. What do you believe are the most damaging ones and why?
Explain why are financial statements that have been prepared : Explain why are financial statements that have been prepared in accordance with GAAP and audited by independent CPA useful for Fidelity's investment analysts?
Suppose that in a large metropolitan area : Suppose that in a large metropolitan area, 90% of all households have a DVD player. Consider selecting groups of six households
Briefly describe-enron broadband services : Meanwhile, Kevin Howard, chief financial officer of Enron Broadband Services (EBS), engaged in "Project Braveheart," which enabled EBS to show earnings of $111.
Administration and management of internetworking : MN503 - Overview of Internetworking - Network design with configuration - Investigate and resolve appropriate design and solutions for medium sized organisation
Review case related to the question of ethics : A Question of Ethics. Steven Soderbergh is the Academy-Award-winning director of Erin Brockovich, Traffic, and many other films. CleanFlicks, LLC, filed a suit.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd