Discussion Post
Discuss the nature and purpose of financial reporting, economic concepts of income, and earnings management. The remainder of the course uses this information to analyze a company's creditworthiness and profitability. With this in mind, are accountants ethically obligated to report financial information accurately? Does reporting using the generally accepted accounting principles imply accuracy? What are some potential consequences for an external analyst if a company provides inaccurate or misleading financial statements?
The response must include a reference list. One-inch margins, double-space, Using Times New Roman 12 pnt font and APA style of writing and citations.