1- What is the purpose of accounting? What impact does the AICPA, FASB, and SEC play in accounting, particularly with regards to the financial statements?

Discuss the financial reporting environment and financial statements.

1- What is the purpose of accounting? What impact does the AICPA, FASB, and SEC play in accounting, particularly with regards to the financial statements?

2- why do we call accounting “the language of business”? Hint: Think in terms of the purpose of accounting.

Due Tuesday 27th by 6PM New York Time / 2 pages

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