Accounting Principles
Financial Reporting
Reporting Standards
Reporting Standards
Financial Performance Reporting
Financial Reports
Revenue
Analyzing Financial Statements Effectively
Accounting (K)
Accounting is the systematic process of recording, measuring, and communicating financial information about economic entities, such as businesses and corporations
...Generally Accepted Accounting
Principles (GAAP): The accounting standards used in the United States, established by the Financial Accounting Standards Board (FASB)
...
Business Reporting Standards Business Reporting Standards (BRS) refer to a set of guidelines and
principles that govern the preparation and presentation of financial and non-financial information in business reports
...Reporting Standards International Financial Reporting Standards (IFRS) Generally Accepted
Accounting Principles (GAAP) Non-Financial Reporting Standards Global Reporting Initiative (GRI) Sustainability Accounting Standards
...
Financial Reporting Some of the most notable frameworks include: Generally Accepted
Accounting Principles (GAAP): A set of accounting standards used in the United States
...
Reporting Standards Reporting standards are a set of guidelines and
principles that govern the preparation and presentation of financial and non-financial information in business analytics and business intelligence
...Description Use Case International Financial Reporting Standards (IFRS) A set of
accounting standards developed by the International Accounting Standards Board (IASB)
...
Reporting Standards Reporting standards are essential guidelines and
principles that dictate how data should be collected, analyzed, and presented in business analytics and data analysis
...Generally Accepted
Accounting Principles (GAAP) GAAP is a collection of commonly-followed accounting rules and standards for financial reporting
...
Financial Performance Reporting can be carried out using various methods: Traditional Reporting: Involves the preparation of formal reports based on
accounting principles and standards
...
Financial Reports It follows the
accounting equation: Assets Liabilities Equity Total Assets = Total Liabilities + Shareholders' Equity Current Liabilities Common Stock Current Assets Long-term Liabilities
...accounting standards, such as: International Financial Reporting Standards (IFRS) Generally Accepted Accounting
Principles (GAAP) Conclusion Financial reports are essential tools for understanding a company's performance and making strategic decisions
...
Revenue Revenue Recognition The process of recognizing revenue is governed by specific
accounting principles, which dictate when and how revenue should be recorded
...
Analyzing Financial Statements Effectively Review Notes to Financial Statements: The notes provide crucial context for the numbers, including
accounting policies and potential risks
...See Also Financial Analysis Accounting
Principles Investment Analysis Autor: MiraEdwards
...
Business Ethics (K)
Business ethics refers to the
principles and standards that guide behavior in the world of business
...importance of business ethics: Company Issue Outcome Enron
Accounting fraud Bankruptcy and loss of thousands of jobs
...
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