Sample Assignment

Companies must adhere to accounting standards while reporting financial data. FASB produces a group of accounting rules in the U.S. that are termed as generally accepted accounting principles (GAAP). The key purpose of any change in accounting rules is to guarantee the consistency, comparability, and completeness of the financial statements of a corporation. These financial statements help stakeholders easily trace and extract relevant information, such as long-term trends. It also helps to ease a juxtaposition of financial data from various businesses. Transparency and the ability to see red flags are two more ways that accounting principles assist in reducing fraud in the industry. Accounting principles are not easy to understand. Hence, scholars need accounting assignment help . First Principle: Generally Accepted Accounting Principle In order to keep their shares listed on stock exchanges, publicly traded corporations in the United States must provide financial statements that comp