Internal revenue service (irs), Financial Accounting

Assignment Help:

Explain:-

Q.1 Explain the ways in which the needs of internal and external users of accounting information are the same and different.
Q.2 Why is it important for financial statements and other external reports to be based on generally accepted accounting principles
Q.3 Describe the respective roles of the Securities and Exchange Commission (SEC) and the Internal Revenue Service (IRS) in the setting of accounting standards?

Related Discussions:- Internal revenue service (irs)

Bell mountain vineyards is considering updating, Bell Mountain Vineyards is...

Bell Mountain Vineyards is considering updating its current manual accounting system with a high-end electronic system. While the new accounting system would save the company mon

Steps in preparing the consolidated balance sheet, Steps in preparing the c...

Steps in preparing the consolidated balance sheet Step 1 : Prepare the 3 important accounts i.e. cost of control to determine goodwill Group retained profits Mino

[email protected], Question 01: (1.1 and 1.3) What is accounting and how...

Question 01: (1.1 and 1.3) What is accounting and how is accounting environment? Question 02: (1.2 and 1.4) Presenting the characteristics of the quality of accounting information

Prepare journal entries to record liquidation transaction, The following t...

The following transactions transpire during the liquidation of the Marks, Norris, Smith, and Savannah partnership: • Collected 90 percent of the total accounts receivable with the

Bonds, How to prepare a bond amortization sheet

How to prepare a bond amortization sheet

Amalgamation of partnership, Please I need assistance with steps to prepare...

Please I need assistance with steps to prepare amalgamation

Business accounting, how do I calculate the adjusting balance

how do I calculate the adjusting balance

Treasury stock, 1-Dec $92,000.00 of 5% bonds are purchased with check. Int...

1-Dec $92,000.00 of 5% bonds are purchased with check. Interest is paid once a year and will mature in 5 years. The market yield for these bonds is 4%.

Various types of accounting changes can affect the financial, Various types...

Various types of accounting changes can affect the financial statements of a business enterprise differently. Assume that the following list describes changes that have a material

Product costs and which are period costs, The costs that follow were extrac...

The costs that follow were extracted from the accounting records of various different manufacturers: 1. Weekly wages of an equipment maintenance worker 2. Marketing costs

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages