ACC 201 Week 3 Assignment : GAAP and Ethics

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ACC 201 Week 3 Assignment : GAAP and Ethics Question - Read ATC 6-5 of Chapter 6 and answer part a. Additionally, given what you have learned about financial accounting so far, think of as many ways that you could “adjust” the financial records to make your company look better yet still follow GAAP and ethical guidelines. (Hint: think of the choices that can be used in the various accounting methods you have learned: i.e., inventory valuation methods.) Answer - The definitely right that the ethical accounting practices are equally important for both public and private companies. Especially in stock market one has to follow certain ethics, Laws are made but no one follows it. We must ban fraud and manipulation but mostly the rules are concerned with fairness. Here SEBI (Securities and Exchange Board of India) frames the frame work for markets for financial markets. In these types of markets efficiently plays very important + StudyXY
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