prominently in a headquarters, satellite office of the establishing agent or broker, by the supervising person(s) responsible For that place of business?

Are the officers of the Local Government Unit internal or external users?why? Differentiate internal users from external users of accounting information?

with what internal and external entities does the OE/S process interact?

SLO-1.3. The business entity concept means that OThe owner is part of the business entity. OAn entity is organized according to state or federal statues. OAn entity is organized according to set by FASB. The entity is an individual economic unit for which data are recorded, analyzed, and reported.

Step 1 of the "five-step model" states that certain conditions must be satisfied before an entity can account for a contract with a customer. Which of the following is not one of these conditions? Oa The entity and the customer have approved the contract and are committed to perform their contractual obligations. O b. The payment terms can be identified. O citis certain that the entity will collect the consideration to which it is entitled. Od. Each party's rights about the goods or services concerned can be identified.

General-purpose fi nancial statements are prepared primarily for:a. internal users.b. external users.c. auditors.d. government regulators

The GAAP hierarchy lists which source of authoritative accounting guidance as highest in priority?   a. AICPA Practice Bulletins   b. GASB Implementation Guides   c. GASB Technical Bulletins   d. GASB Statements

1. Create and share a detaileddescription of a business thathas selected to offer itsemployees a Keogh Plan. Yourdescription of this imaginarycompany must explain how itcomplies with all applicablerequirements for this Plan. 2.Explain the details of yourimaginary company's KeoghPlan. The details must explainhow it complies with allapplicable requirements for thisPlan.

Which of the following statements is correct? I. To enable users of financial statements to form a view about the effects of related party relationships on an entity, it is appropriate to disclose the related party relationship when control exists, irrespective of whether there have been transactions between the related parties. II. If there have been transactions between related parties, an entity shall disclose the nature of the related party relationship as well as information about the transactions and outstanding balances necessary for an understanding of the potential effect of the relationship on the financial statements. III. Disclosures that related party transactions were made on terms equivalent to those that prevail in arm’s length transactions are encouraged by GAAP. IV. Government-controlled entities are within the scope of IFRSs, i.e. those that are profit-oriented are no longer exempted from disclosing transactions with other state-controlled entities.

How can the separate entity concept benefit each of the ff: A. creditorsB. consumers C. government D. Accountants