Choose at least two concepts you have learned in Intermediate Accounting, 2nd edition from the list...

70.2K

Verified Solution

Question

Accounting

Choose at least two concepts you have learned in IntermediateAccounting, 2nd edition from the list below and explain how you mayuse them in your present or future accounting position. Make sureyou provide details on how each concept will help you support thefinancial goals of the company you currently work for or will workfor in the future.
PS: Please I need a complete answer. Thanks
The concepts are as follow:
retained earnings
Earnings per share
Statement of retained earnings
Stock option
Memo writing
Stockholders' equity
Revenue reognition
Contributed capital
Accounting for income tax
Accounting for postretirement benefits
Accounting for leases
Capital lease
Operating lease
Statement of cash flows
Accounting for changes and errors
Change in an Accounting Principle
Change in an Accounting Estimate
Change in a Reporting Entity.
Errors
retrospective adjustment method
prospective method
direct effect of a change in accountingprinciple
indirect effect of a change in accountingprinciple

Answer & Explanation Solved by verified expert

4.1 Ratings (669 Votes)

Statement of Cash Flow There are three important Finncial Statement and amongst them is the Statement of Cash Flow The statement helps in depicting the flow of cash movement from the organisation The statement of cash flows acts as a connenction between the balance sheet and the statement of profit and loss tracing how money flowed in and out of the organisation Three Main Acitivities of Cash Flow Statement are Operating Activities The main activities of an organisation that generates revenue are termedas operating activities In simpler terms cash flow from current See Answer

Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:

Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!

Become a Member