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

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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