Revenue recognition principle
What is the revenue recognition principle? What is the expense recognition principle? Why are they important to financial reporting?
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Explain the main purpose of a financial statement worksheet and its benefits? How has automation aided preparation, accuracy, and use of financial statement worksheet?
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Explain accrual accounting? Why do generally accepted accounting principles require accrual accounting? What is the difference between accrual and cash accounting?
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Explain the revenue recognition principle? What is the expense recognition principle? Why are they significant to financial reporting?
Review the assigned company's financial statements from the past three years.Calculate the financial ratios for the assigned company's financial statements, and then interpret those results against company historical data as well as industry bench
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The hypothesis should be a possible cause and effect relationship regarding a process, underlying assumption, or plan that is important to the business. It should not be too broad.
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