Accounting 5-7 pages SPRINT
In the United States, a public company’s financial statements must be according to Generally Accepted Accounting Principles (GAAP). These principles are cost, revenue recognition, and matching principles. Examine the financial statement and notes of a public company. Write a paper between 5 and 7 pages (double-spaced) discussing the following:
- Introduction/Background Information.
- GAAP and description of the accounting principles: Cost, revenue recognition, and matching.
- Selected company’s application of GAAP in cost recording, revenue recognition, and matching of expenses and revenues.
- Description of recent accounting standard(s) and pronouncement(s) that affect the selected company’s financial statements.
- Description of assertions of internal controls in the notes to the financial statements.
- Conclusion.
You must use the FASB codification in your essay about the principles because it is the authoritative guidance for GAAP.
http://www.sec.gov/Archives/edgar/data/101830/000010183015000012/sprintcorp201410-k.htm
10 years ago
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