ACC 497 Week 3, Learning Team Assignment - Case Study

May 1st, 2015
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ACC 497 Week 3, Learning Team Assignment - Case Study

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Cast Study AssignmentACC 497NameDateInstructorCast Study Assignmenta) Discuss the qualitative concept of comparability. In your opinion, would the financial statements of companies operating in one of the foreign countries listed above be comparable to a U.S. companys financial statements? Explain.In regards to the qualitative concept of comparability, information is becoming more and more useful to companies as a whole. When individuals are able to see two separate items and or similarities and differences in an item this is referred to as comparability. Therefore, with this process financial statements become more understood with the data at hand, and the reports tend to be more dependable. For example, if a company needs to sell an industrial piece of equipment that is 10, 15, or 20 years old they might find this difficult to do because the equipment is a

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