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\n\nVisit Below Link, To Download This Course:\n\nhttps://www.tutorialsservice.net/product/acct-461-week-1-discussion-latest/\n\nOr \nEmail us on\nSUPPORT@TUTORIALSSERVICE.NET\n\nACCT 461 Week 1 Discussion Latest\nACCT461\nACCT 461 Week 1 Discussion Latest\nWeek 1: The Foundation of Gaap\nWithin each discussion thread, one post will be made using Voice Thread, 2-4 minutes in length, explaining either an article on the discussion topic, or assignment work you have done in relation to the discussion topic. Students will review and respond to at least one other student’s Voice Threads, keeping interaction positive, professional and constructive.\n

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acct 461 week 1 discussion latest

ACCT 461 WEEK 1 DISCUSSION LATEST

Visit Below Link, To Download This Course:

https://www.tutorialsservice.net/product/acct-461-week-1-discussion-latest/

Or

Email us on

SUPPORT@TUTORIALSSERVICE.NET

ACCT 461 Week 1 Discussion Latest

ACCT461

ACCT 461 Week 1 Discussion Latest

Week 1: The Foundation of Gaap

Within each discussion thread, one post will be made using Voice Thread, 2-4 minutes in length,

explaining either an article on the discussion topic, or assignment work you have done in relation to the

discussion topic. Students will review and respond to at least one other student’s Voice Threads, keeping

interaction positive, professional and constructive.

Now that we’ve begun our accounting senior project course, looking back over all of your accounting

coursework in previous classes, you’ve received a good background on generally accepted accounting

principles (GAAP) along with an understanding of how these accounting standards are applied in the

United States. At this point, you know that the rules of GAAP are based upon a foundation of many

assumptions, principles, and constraints. To begin our postings for the week in this discussion, select any

one of these accounting assumptions, principles, or constraints (e.g., cost principle, economic entity

assumption, going concern assumption, materiality constraint, full disclosure principle, periodicity

assumption, etc.), do a bit of research and explain the concept to us, and also tell us why you believe it’s

so important to GAAP. Later in the week, after we’ve exhausted a discussion of these accounting

assumptions, principles, and constraints, we’ll move on to address a related aspect of GAAP: the roles of

various organizations, including the SEC, FASB, and PCAOB.