Question;Generally Accepted Accounting Principles (GAAP) are;guidelines for companies to follow as they prepare and issue financial;statements. Why were the guidelines developed in the first place? Who relies on;the financial statements (external users)? What happens if an External User;relies on financial statements that are inaccurate? What negative consequences;can arise from relying on inaccurate financial statements?
Paper#40503 | Written in 18-Jul-2015Price : $22