accounting mid term assessment 1

In Topic 4, you will complete your examination of the financial reporting concepts necessary to achieve financial reporting literacy. Recall from Topic 3 that this competency is necessary to being an effective manager of a business’ marketing, operations or other functions. Your goal in completing Topics 3 and 4 of this course is to build on your foundational accounting skills to acquire this literacy. Recall, too, that financial reporting literacy means that a manager is able to interpretgeneral-purpose financial statements in connection to making business decisions, including those related to a business’ strategy, operations, investments, and finances. In making such business decisions, managers who have financial reporting literacy understand:

  • The limitations on the usefulness of financial statements resulting from trade-offs made necessary by the present accounting model, political influences, and the need for management’s judgment.
  • The importance of earnings quality to the usefulness of financial statements and how earnings management affects this quality.
  • The ethical dimensions of financial reporting policies and practices, including management’s incentives to engage in earnings management.

Need your ASSIGNMENT done? Use our paper writing service to score good grades and meet your deadlines.


Order a Similar Paper Order a Different Paper