ASHFORD OMM622 WEEK 5 discussion 1 and 2
Question # 00055470
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Updated on: 03/14/2015 01:05 AM Due on: 03/21/2015
Discussions
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- The Quality of Financial Information
Referencing this week’s readings and lecture, describe the quality issues related to reporting revenue. What is the importance of understanding various inventory valuation methods in determining the quality of reported profits?Respond to at least two of your classmates’ posts.
- Conflicts with GAAP
Even though firms follow the accounting rules (GAAP) when presenting their financial statements, it is still possible for conflicts of interest to exist between what management wants investors and creditors to see and the economic reality of transactions. Explain how this can occur.Respond to at least two of your classmates’ posts.
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Solution: ASHFORD OMM622 WEEK 5 discussion 1 and 2