ASSIGNMENT Decision-maker bias Gene Horita was choosing a major in his sophomore year. He enjoyed the accounting classes at his university, but also found the information systems classes to be interesting. Gene’s father is a public accountant and has been pressuring Gene to choose an accounting major. Gene always resented the fact that his father […]
Briefly define and/or discuss the terms listed below and explain why these concepts are important for financial accounting.
INTRODUCTION TO FINANCIAL ACCOUNTING Briefly define and/or discuss the terms listed below. Use your own words. Explain why these concepts are important for financial accounting. Generally Accepted Accounting Principles (US GAAP); Financial Accounting Standards Board (FASB); Securities and Exchange Commission (SEC); Public Company Accounting Oversight Board (PCAOB); Certified Public Accountant (CPA); The 10-K and The […]