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discussion of accounting

Instructions: Answer five (5) questions only. Each is worth 20 points. Maximum length for each question is one and half pages and minimum is ½…

Instructions: Answer five (5) questions only. Each is worth 20 points. Maximum length for each question is one and half pages and minimum is ½ page typed 12 font double spaced. You must use references to support your points please.
FAIR VALUE ACCOUNTING

Discuss three leading challenges to fair value accounting as well as the proposed solutions to them.
Explain the role (i.e. how, why, where, when, etc.) European governments have played in influencing fair valuing accounting standards.
Discuss five challenges of historical cost measurement.

MANAGEMENT REPORTS

As a management accountant, how and when will you use flash reports?

CLOSING THE BOOKS

What are the major steps involved in the closing process?

SOCIAL ROLE OF ACCOUNTACY

Discuss three major social roles of accountancy.

ROLE OF GOVERNMENT IN STANDARDS SETTING

Unlike other academic disciplines e.g. biology, physics; accountancy does not have a theoretical body of knowledge. Explain.

 
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discussion of accounting .

 

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