pick two companies. Prepare a separate two-page research paper on 5 company accounting principles as described below. The title page and reference page do not count for a prescribed number of pages. I am looking for your assessment of the company’s use of the accounting principles. Do at least a paragraph on each principle. Did you find something interesting in this research?
each company must be discussed in two pages
Select 5 Accounting Principles to discuss; quote the company’s statement and give your assessment in a short paragraph.
- Fair Value Principle Measurements – Global or Historical Cost Principle – USA
- Intangibles- Goodwill
- Revenue Recognition – Long Term contracts: at sale or during progress of contract with progress billing
- Financial Services Revenue
- Insurance Revenue
- Research and Development
- Inventories – FIFO or LIFO or Weighted Average or Specific Identification or Lower-of-Cost-or Net Realizable Value
