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
