No external link is required. Choose at least two concepts you have learned in Intermediate Accounting, 2nd...

50.1K

Verified Solution

Question

Accounting

No external link is required.

Choose at least two concepts you have learned in IntermediateAccounting, 2nd edition and explain how you may use them in yourpresent or future accounting position. Make sure you providedetails on how each concept will help you support the financialgoals of the company you currently work for or will work for in thefuture.

PS: I need a complete answer. Thank you. And do not waste myquestion

The concepts are as follow:

retained earnings

Earnings per share

Statement of retained earnings

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
3.9 Ratings (691 Votes)
The two things that I learned that will presently help or will help me in the future are 1 Stock options 2 Memo writing Before this class I did not really understand all the stock options company could offer I really likes how we had to look up    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

Other questions asked by students