Advanced financial accounting

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  1. What is consolidated net income? 

     

  2. What is consolidated retained earnings? 

     

  3. What does FASB Statement #130 cover?  Explain in details what it addresses 
  4. What are the three characteristics of an operating segment as defined by FASB 131?  Be specific and give details 
  5. What is EDGAR?  This is from the SEC’s perspective.  Explain in detail. 
  6. How many commissioners serve on the SEC?  Who appoints them? 
  7. Which are the two major regulations that govern the preparation of financial statements and associated disclosures made in reports to the SEC? 
    • 11 years ago
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