Business > CASE STUDY > MBA FBX5010 Assessment1 1.docx MBA-FBX 5010 URBAN OUTFITTERS, INC. Accounting Polici (All)

MBA FBX5010 Assessment1 1.docx MBA-FBX 5010 URBAN OUTFITTERS, INC. Accounting Polici

Document Content and Description Below

MBA FBX5010 Assessment1 1.docx MBA-FBX 5010 URBAN OUTFITTERS, INC. Accounting Policies Training Manual MBA-FBX 5010 Accounting Methods for Leaders Manual Objectives: This manual will: ï‚... ·Compare how two accounting methods differ in their effects on the financial statements while providing examples and details clarifying the comparisons (i.e. capitalizing or expensing costs) ï‚·Clearly explain the accounting method™s effect on specific financial statements ï‚· Explain how advertising and store opening costs are captured on Urban Outfitters, INC. financial statements ï‚·Analyze the importance of Notes to financial statements in interpreting financial statements Financial Statements œAny corporation whose stock is publicly traded is subject to reporting requirements by the Securities and Exchange Commission (SEC) (Averkamp, 2020, p.1). Large companies, such as Urban Outfitters, INC, generate quarterly and/or yearly financial statements that are published by the SEC. These financial statements include: Income statement (also known as profit and loss statement), Statement of comprehensive income, Balance sheet, Statement of Cash Flows, and Statement of stockholder™s equity (Averkamp, 2020). To ensure that these statements are credible, easy to understand, and comparable to other entities, companies follow a set of common rules when developing these statements. Those set of rules are known as generally accepted accounting principles or GAAP (Avercamp. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . .. .. . . . . . . . . . . . . . . . . . .. . . . . [Show More]

Last updated: 1 year ago

Preview 1 out of 7 pages

Add to cart

Instant download

document-preview

Buy this document to get the full access instantly

Instant Download Access after purchase

Add to cart

Instant download

Reviews( 0 )

$5.00

Add to cart

Instant download

Can't find what you want? Try our AI powered Search

OR

REQUEST DOCUMENT
89
0

Document information


Connected school, study & course


About the document


Uploaded On

Aug 08, 2022

Number of pages

7

Written in

Seller


seller-icon
helperatsof1

Member since 3 years

48 Documents Sold


Additional information

This document has been written for:

Uploaded

Aug 08, 2022

Downloads

 0

Views

 89

Document Keyword Tags

Recommended For You

Get more on CASE STUDY »
What is Browsegrades

In Browsegrades, a student can earn by offering help to other student. Students can help other students with materials by upploading their notes and earn money.

We are here to help

We're available through e-mail, Twitter, Facebook, and live chat.
 FAQ
 Questions? Leave a message!

Follow us on
 Twitter

Copyright © Browsegrades · High quality services·