Discuss the background of the selected company, Describe GAAP and its role in financial accounting reporting Custom Essay

1. Discuss the background of the selected company.
2. Describe GAAP and its role in financial accounting reporting.
3. Explain the selected company’s application of GAAP to recording and reporting of its financial information.
4. Describe the proper recording of acquisition, depreciation and disposal of long-term liabilities and plant assets and compare to selected company’s treatments.
5. Explain the nature and types of liabilities and explain the company’s treatments of its liabilities.
6.Explain the book value of the company. Then compare to the current market value. Discuss the differences.
7. Explain the major uses and sources of cash from the company’s statement cash flows.
8. Provide an appropriate conclusion. Ensure that each of the eight requirements include a heading in your paper. You will need the company’s latest 10-K SEC filing. You must use the FASB Codification for authoritative guidance on accounting principles and procedures. In addition, use scholarly articles and journals from the library. Other resources include finance websites such as Google finance and Yahoo finance. Your paper must be between 6 and 8 pages and APA-formatted.

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550 words
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