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Financial statements

Financial statements are based on generally accepted accounting principles (GAAP) and are audited by CPA firms. Do investors need to worry about the validity of those statements? Explain your answer.

Management Action Plan

To complete Part 3, identify possible root causes of the opportunity for improvement (OFI). Why do you believe the problem exists? Compile a list of all possible actions that you may need to take in order to achieve your MAP goal. Be as specific and accurate as...

The existence of financial statements

            The existence of financial statements is one of the primary reasons accountants do what they do. Before financial statements can be prepared, certain adjustments to account balances must be made. Knowing why adjustments are made allows you to consider what...
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