INTERMEDIATE ACCOUNTING
6th EDITION
Lanny G. ChasteenRichard E. FlahertyMelvin C. O’Connor
FINANCIAL REPORTING
Learning Objectives
Describe the purpose of financial reporting and identify the primary financial statements.Explain the function of accounting standards and describe the role of the FASB in setting these standards in the United States.Recognize the importance to financial reporting of the SEC, AICPA, AAA, and IRS.