How do accounting policies and practices affect financial accounting information used for "external" decision making purposes? What governing...

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Accounting

How do accounting policies and practices affect financialaccounting information used for "external" decision makingpurposes?
What governing and oversight bodies exist to help ensure timelyand accurate reporting of financial information by publicly tradedcompanies?
How to internal controls help ensure that financial results areaccurately and fairly presented for use by external users?

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Accounting Policy Accounting Practices Accounting policies are specific principles bases conventions rules and practices adopted in preparing and presenting the financial statements of an organization Accounting practices refer to the methods of implementing accounting policies by the organization to record the day to day financial activities Few examples of Accounting Policies Valuation of Inventories Valuation of Investments Computation of Government Grants Consolidation of See Answer

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How do accounting policies and practices affect financialaccounting information used for "external" decision makingpurposes?What governing and oversight bodies exist to help ensure timelyand accurate reporting of financial information by publicly tradedcompanies?How to internal controls help ensure that financial results areaccurately and fairly presented for use by external users?