- NY Credits : 5.0
- TX Credits : 5.0
Balance Sheet and GAAP Reporting
Upon successful completion of Balance Sheet and GAAP Reporting, the user should be able to:
identify the proper method, in accordance with GAAP, to present on the balance sheet transactions related to fixed assets;
recall GAAP as it relates to recording transactions related to cash and investments;
determine the most appropriate way to report noncash assets on the balance sheet; and
recognize liabilities and stockholders' equity on the balance sheet based on GAAP authoritative pronouncements.