Assignment

In United State, a public company's financial statements must be according to Generally Accepted accounting Principles (GAAP). These principles are cost, revenue recognition, and matching principles. Examine the financial statement and notes of a public company. write a paper between 5 and 7 pages (double spaced) discussing the following

1 introduction/Background information.

2 GAAP and description of the accounting principles: Cost, revenue recognition, and matching.

3 Selected company's application of GAAP in cost recording , revenue recognition, and matching of expenses and revenues.

4 Description of recent accounting standard (s) and pronouncement(s) that affect the selected company's financial statements.

5 Description of assertions of internal controls in the notes to the financial statements

6 Conclusions.