Monthly Archives: April 2009
Importance of Accounting
In basic accounting courses, there is usually mention of the saying that “accounting is the language of business.” This trite saying in effect says that accounting is the means whereby the owners can see if the business was profitable. But neither a government nor a nonprofit organization has owners. And earning a profit should not [...]
GAAP
“Generally Accepted Accounting Principles” (“GAAP”) is a key idea in establishing comparability for the financial statements between similar entities. Can you please explained what is meant by the term “GAAP”? Who determines what is acceptable as GAAP? What do the acronyms AICPA, FASAB, and FASB, GASB each stand for? What is the role of each [...]
Final Course Project
Currently I am finishing a course, PA582, at the Keller Graduate School of Management. In this course I have been studying hoe to implement and evaluate public policies. My Course Project due at the end of this week will pertain to the current financial problems. I will take on the perspective of either Traditional or [...]
