junior staffers, assignment help

User Generated

Gvan.Yhafsbeq

Business Finance

Description

Below are the requirements and information regarding the assignment: (Original document please)

You have been asked to give a presentation to junior staff members on the objectives of financial reporting and the conceptual framework.

Prepare a professional, business-quality presentation including the following:

  • 6-10 PowerPoint slides
  • Professional tone and appearance
  • Presentation well suited for the audience (junior staffers)
  • Appropriate citations and references in APA style
  • Information covering the following topics:
    • Identify the 1 general objective of financial reporting.
    • Describe the 3 specific objectives of financial reporting.
    • Explain the relationship between the objectives of financial reporting.
    • Explain the Financial Accounting Standards Board (FASB) conceptual framework.

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Explanation & Answer

Attached.

Financial Reporting And
Conceptual Framework
Name
Instructor
Institutional Affiliation
Date

Introduction



The disclosure of the financial information to the various parties or stakeholders that are
interested with the financial report of the organization.
The components of financial reporting include:


Financial statements including the balance sheet, statement of cash flow, statement of changes in
stakeholder’s equity and income statement.



Notes in the financial statement



Annual reports and quarterly reports



Prospectus



Management discussion

General Objective of Financial
Reporting


According to the International Accounting Standards Board (IASB), ...


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