Gaap Study guides, Class notes & Summaries
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CLC 056 exam Analyzing Contract Costs Exam (contains 55 questions) Answered
- Exam (elaborations) • 24 pages • 2023
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CLC 056 exam Analyzing Contract Costs Exam (contains 55 questions) • Here is your test result.The dots represent the choices you have made. • The highlighted questions are the questions you have missed. • Remediation Accessed shows whether you accessed those links.'N' represents links not visited and 'Y' represents visited links. The offeror customarily treats similar costs as “other direct costs” under similar circumstances The proposed cost benefits only the proposed contract work Th...
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AFM 101 Final exam 2023 with 100% correct answers
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Four financial statements in order 
income statement, retained earnings statement, balance sheet, statement of cash flows 
 
 
 
Financial Accounting 
For internal and external use 
 
 
 
Management Accounting 
Only used internally 
 
 
 
General Accepted Accounting Principles (GAAP) 
the common set of standards and procedures by which audited financial statements are prepared 
 
 
 
International Financial Reporting Standards (IFRS) 
Used by public enterprise 
 
 
 
Proprietorship 
A business o...
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Wall Street Prep: Accounting Crash Course(questions and answers)
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What is Accounting? 
Accounting is the language of business; it is a standard set of rules for measuring a company's financial performance. 
Assessing a company's financial performance is important for: 
The firm's officers (managers and employees) 
Investors 
Lenders 
General public 
Standard financial statements serve as a "yardstick" of communicating financial performance to the general public. 
 
 
Why is Accounting Important? 
Enables managers to make corporate decisions 
Enables the g...
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BAC300 Summary of semester 2
- Summary • 31 pages • 2023
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Complete summary of syllabus for BAC300 semester 2 from Gripping GAAP, Introduction to IFRS and Introduction to Consolidations
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BAC300 Semester 1 Summary
- Summary • 63 pages • 2023
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Summary of syllabus of 1st semester of Business Accounting 300 from Gripping GAAP, Introduction to IFRS and Introduction to Consolidations
Too much month left at the end of the money?
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Purdue University MGMT 201 Online Exam 1 Review ANSWERS
- Exam (elaborations) • 16 pages • 2023
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Purdue University MGMT 201MGMT 201 Online Exam 1 Review ANSWERS 
 
 
MGMT 201 Exam 1 Review Questions – Answers 
 
 
Chapter 1 
 
1.	Which of the following is true? 
 
a.	Managerial Accountants are "number crunchers" who provide critical information to decision makers but do not themselves contribute to the decision making process. 
b.	The role of the managerial accountant has not changed in the last twenty years. 
c.	Managerial accountants play an integral leadership role on an organization...
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Test Bank For Accounting for Governmental & Nonprofit Entities Jacqueline Reck 18th Ed
- Exam (elaborations) • 533 pages • 2023
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Accounting for Governmental and Nonprofit Entities, 18e (Reck) 
Chapter 3 Governmental Operating Statement Accounts; Budgetary Accounting 
1) The government-wide statement of net position displays the net expense or revenue for each function or program of the government. 
Answer: FALSE 
Difficulty: 1 Easy 
Topic: Reporting of expenses and revenues at the government-wide level 
Learning Objective: 03-01 Describe how operating revenues and expenses related to governmental activities are reported i...
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Intermediate Accounting 19th Edition Earl K Stice James D Stice- Test Bank.
- Exam (elaborations) • 780 pages • 2023
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Chapter 1—Financial Reporting 
 MULTIPLE CHOICE 
1. The following is NOT a major component of the financial statements: 
a. auditor’s opinion 
b. annual report 
c. explanatory notes 
d. balance sheet 
ANS: B PTS: 1 TOP: AICPA FN-Reporting 
DIF: Easy OBJ: LO 1 MSC: AACSB Reflective Thinking 
2. The following are users of accounting information: 
a. stakeholders 
b. creditors 
c. investors 
d. all of the above 
ANS: D PTS: 1 TOP: AICPA FN-Reporting 
3. Interested parties receive information ab...
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INTERPRETING NON-GAAP REPORTS RETAKE EXAM 2023-2024 WALL STREET PREP WITH ALL QUESTIONS AND CORRECT ANSWERS GRADED A/ INTERPRETING NON-GAAP REPORTS RETAKE EXAM FROM WALL STREET PREP 2023-2024ACTUAL WITH ALL QUESTIONS AND CORRECT ANSWERS GRADED A
- Exam (elaborations) • 13 pages • 2024
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INTERPRETING NON-GAAP REPORTS RETAKE EXAM WALL STREET PREP WITH ALL QUESTIONS AND CORRECT ANSWERS GRADED A/ INTERPRETING NON-GAAP REPORTS RETAKE EXAM FROM WALL STREET PREP ACTUAL WITH ALL QUESTIONS AND CORRECT ANSWERS GRADED A
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Interpreting Non-GAAP Reports Retake Exam | Wall Street Prep latest updated
- Exam (elaborations) • 12 pages • 2024
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Question 1 of 18 
Which of the below statements is MOST ACCURATE? 
The primary purpose of non-GAAP disclosures is to: 
Provide investors a set of financial statements and disclosures ahead of GAAP reports included 
within 10Q and 10Ks. 
Modify GAAP to provide a more comprehensive detail of income and expense categories. 
Modify GAAP to better align the reporting of performance with how investors want to see the 
data. 
Modify GAAP to make it easier for investors to reconcile GAAP measures of pro...
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