- Why are financial statements important to internal users, such as employees, managers, and directors?
Wiley PLUS Assignment: Accounting, Ch. 2 — A Further Look at Financial Statements
- Choose one of the accounting principles discussed in the chapter, define it and discuss why it is relevant in our current economy.
- Do you think the SEC is upholding their mission in the current environment? Discuss some of the challenges they face and give some suggestions on how they can improve.
Author Corners Role of Accounting
- This video asks two main questions:
1: How would you explain the role of accounting in society?
2: Do you think companies would follow accounting regulations if they were not required to?
After viewing the video, do you agree or disagree with the author’s perspective?