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University of Phoenix ACC 561 Week One Discussion Questions

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Question;Week One Discussion;Questions;?;Visit the website of your favorite U.S.;company. Find the company?s financial statements in the section of the website;for investors. Post a link to the statements. What did you find interesting;about each of the four financial statements, which include balance sheets;income statements, statements of cash flows, and statements of owners? equity?;How could the information in those statements be useful to an investor and to a;manager?;?;Which one of the four financial;statements is your favorite and why?;?;Find an article in the University;Library about the Sarbanes-Oxley Act. Post a reference consistent with APA;guidelines for the article so all students can locate it. What does the article;tell you about the purpose of Sarbanes-Oxley and about the responsibility of;corporations?;?;In addition to preparing financial;statements in accordance with GAAP, U.S. companies may be required, in the near;future, to prepare these statements according to the International Financial;Reporting Standards (IFRS). Review the standards on the Financial Accounting;Standards Board website (http://www.FASB.org);and on the IFRS Foundation website (http://www.IFRS.org).;In what specific ways do the two sets of standards differ from one another? If;the United States adopted IFRS standards, what would be the advantages and;disadvantages?

 

Paper#40904 | Written in 18-Jul-2015

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