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Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 401 Weeks Ago, 2 Days Ago |
| Questions Answered: | 66690 |
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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
question one:
What is the role of ethics in the financial reporting process?
question two:
Proper control and report help ensure that financial mangers do not violate the law and ensure the accuracy of the financial statements. You stated a valid point that “Accounting is the recording of financial transactions as well as storing, retrieving, summarizing and presenting of information in various reports and analyses”. Remember, the unethical reporting of the financial reporting will not hurt the company’s reputation, but also will have a negative impact on the economy overall due to loss of confidence by investors. From your reading, how do you think a potential creditor would view a startup company's financial statements? What would the creditor be looking for?
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