Generally accepted accounting principles & annual reports

Weekly Discussion, Learning Activity and Required Resources

Part 1 and Part 2 must be at least 200 words

  

Part 1: Generally Accepted Accounting Principles (G.A.A.P)

  

Briefly discuss Generally   Accepted Accounting Principles or G.A.A.P.  What are they? What is their   purpose? Name the U.S. and international standard-setting bodies that   established these principles.  Are all companies required to follow   these principles?  Why or why not?

Your answer   should illustrate understanding of generally accepted accounting principles   and their international counterpart.

  

Part 2: Annual Reports

  

Visit the   website for Tootsie   Roll (www.tootsie.com).  Click   on “Company Information” then “Financial Information”. Open the latest annual   report and review it to find the answers to the following questions:

· What are Tootsie Roll’s corporate principles?    Do you agree with these principles, or do you feel there are additional   principles that should be included?

· What was the total amount of Tootsie Roll’s assets   for the most current year available?

· What was the total amount of Tootsie Roll’s   liabilities for the most current year available?

· What is the amount of the difference between Tootsie   Roll’s assets and liabilities? What is this difference called?

Based on your   initial findings at the Tootsie Roll website, would you consider investing in   them? Why or why not? Your answer should illustrate critical thought and   understanding of the annual report and financial statements. 

Learning Activity

Read the “Continuing Problem Cookie Creations” for Chapters 1 and 2 on the Textbook’s Companion Website, at www.wiley.com/college/kimmelhttp://bcs.wiley.com/he-bcs/Books?action=index&bcsId=9831&itemId=1118953908. Choose the Student Companion site to access the Continuing Cookie Chronicle under Additional Exercises and Problems.

Jot down answers in your own notes for each of the questions asked. This information will be used when you complete your summative assignment. You do not need to submit your answers to the instructor but reading and familiarizing yourself with the questions and answers will help as you progress through the project.

Required Resources:

Kimmel, P. D., Weygandt, J. J., & Kieso, D. E. (2016). Financial accounting: Tools for business decision making (8th ed.). Retrieved from https://content.ashford.edu/.

· Chapter 1: Introduction to Financial Statements

· Chapter 2: A Further Look at Financial Statements

Website

Tootsie Roll Corporate Website (www.tootsie.com)

Recommended Resources:

Website

Textbook Student Companion Site http://bcs.wiley.com/he-bcs/Books?action=index&bcsId=9831&itemId=1118953908

Review the PowerPoint presentations for Chapter 1 and Chapter 2 found on the textbook publisher’s website.

· Review the PowerPoint presentations for Chapter 1 and Chapter 2 found on the textbook publisher’s website.

Get 20% Discount on This Paper
Pages (550 words)
Approximate price: -

Try it now!

Get 20% Discount on This Paper

We'll send you the first draft for approval by at
Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

Custom Writings Help is a Quality-Oriented Company in Online Writing as a result of hiring exceptional professionals to execute clients' tasks.

Essays

Research Papers

At Custom Writings Help,We understand the struggle of research paper writing, and that is why at Custom WritingS Help, we are all out to help you. We pride ourselves on having a team of clinical writers. The stringent and rigorous vetting process ensures that only the 'BEST' Writers are chosen for the job. We have highly qualified Ph.D. and MA writers working with us; we equally offer these experienced writers specific bonuses and incentives to make them deliver highly original, unique, and informative content at reasonably low prices.

Admissions

Thesis Writing Service

Worlwide, Many Masters Students are struggling with Thesis Completion. A thesis is likely to be the longest and most challenging piece of work a student has ever completed. However, unlike essays and other assignments, a student can pick a particular interest topic and work on their initiative. Fortunately, we are there for you. At Custom Writings Help, you are assured of an authentic, imaginative, informative, linguistically great, and advantageous thesis that adheres to all your needs. So, why continue considering different writers when you have discovered the best in the field?

Editing

Custom Papers

Not a single student can avoid writing custom papers. However, a total lack of experience, skills, and time makes it very hard to produce a superb writing piece. Therefore, if you are seeking professional help, turn to us. Our specialized and experienced writers compose a variety of model papers, including custom essays, college term papers, research papers, book reports, MBA essays, executive summaries, dissertations, Ph.D. theses, admission essays, and research proposals for college and university students at any level.

Coursework

Essay Writing

Most of the students disregard the critical principles of essay writing and compose papers below sensible guidelines. Therefore, with Custom Writings Help, one should not worry about his/her essay. Our Writers compose informative and engaging content on all complexities and topics. We write meaningful and smart essays while prioritizing all aspects that bring about a good grade, such as impeccable grammar, proper structure, zero-plagiarism, and conformance to guidelines.

Coursework

Coourse Work Writing

Don't let the seemingly never-ending onslaught of writing assignments get you down. If you are looking where to get course work assistance online, the writers at Custom Writings Help are here to assist you with all of your writing needs. We undertake to unique delivery of papers that meet the professor's requirements. The content is proofread, edited, and checked plagiarism before submission to customers. No matter how big or small your work is, we will deliver on time. Try US Now! !

Coursework

Dissertation Writing Service

High-Quality Dissertation Writing Services are rare. They require Ph.D. academicians – not easily found. However, are an exception. The years, time, and resources we have invested in the dissertation world has given us a competitive advantage over others. Choose to come to Custom Writings Help; You will find perfect Ph.D. consultants who have written hundreds of dissertations theses ready to help you. Let our dissertation-writing services help you craft your dissertation, for you are assured we will give you the results.

Open chat