Discussion questions
Answer each question in full detail with a word count of 150 words each
1. why are financial statements important to internal users, such as employees, managers, and directors? Discuss with your peers?
2. Why is it so important for financial statements to be accurate?
3. How is financial statements important for internal and external users?
1. Please discuss at least two of these accounting assumptions, and explain the impact these key accounting assumptions have on financial statement reporting. Discuss with your peers.
2.As you learn about the key assumptions, please discuss at least two of these accounting assumptions, and explain the impact these assumptions have on financial statement reporting. It is recommended that you provide resources and references to better support your responses.
- Describe how you will apply that learning in your daily life, including your work life. (Financial statement)
- Describe what may be unclear to you, and what you would like to learn. (Financial statement)
