Write my research paper
Assignment 2: Accounting for Private vs. Public CompaniesDue Week 8 and worth 80 points For Assignment 2, you will compare accounting principles for private and public companies. As you may have discovered as you’ve reviewed the materials for this course, most of what is learned in accounting courses focuses on public companies, not private ones. GAAP, as you have also learned from your studies, may be followed by private companies, but it is only required to be used by publicly traded companies. FASB, of course, is designated by the SEC to establish and improve GAAP, so their focus is primarily on publicly traded companies. FASB has also recognized the importance and potential impact of private company financial statements. According to Forbes, out of the 5.7 million firms with employees in the United States, less than 1 percent have shares listed on a U.S. exchange. Although we tend to think of private companies as small companies, the reality is quite the opposite, with private firms accounting for 86.4 percent of U.S. firms with 500 or more employees. In recognition of the growing importance and impact of private companies, FASB has come up with a useful publication – Private Company Decision-Making Framework, A Guide for Evaluating Financial Accounting and Reporting for Private Companies. You can access this document by clicking here. In this guide, FASB identifies the following five Significant Differential Factors:For Assignment 2, write a 2-to-4 page paper in which you: The specific course learning outcomes associated with this assignment are:Purchase the answer to view itPurchase the answer to view itPurchase the answer to view it
This is property of essayprince.net. We are the first stop for all students Buying research papers online. Our paper writing service is second to none. Come and Buy research papers online here, TODAY
Try it now!
How it works?
Follow these simple steps to get your paper done
Place your order
Fill in the order form and provide all details of your assignment.
Proceed with the payment
Choose the payment system that suits you most.
Receive the final file
Once your paper is ready, we will email it to you.