What is GAAP, and who are the two bodies that oversee the development of accounting pronouncements

What is GAAP, and who are the two bodies that oversee the development of accounting pronouncements

Throughout this course, you will be discussing financial reports from a company you choose from the following list.

Target (TGT)

Walmart (WMT)

Walgreens (WAG)

CVS (CVS)

Kroger (KR)

Include in your introduction which company you are choosing. You can find information about your company by accessing the Business Market Research Collection (Links to an external site.) .   Follow these instructions Preview the document[PDF] to find the financial reports for your chosen company. Introduce your company to the class and be sure to include why you chose this company.  What does the company do, and see if you can find something interesting about the company that not many people may know?

If your last name begins with:

A-E: choose discussion prompt 1

F-J: choose discussion prompt 2

K-O: choose discussion prompt 3

P-T: choose discussion prompt 4

U-Z: choose discussion prompt 5

What is the purpose of accounting?

What is the role of the CPA? What does it take to become a CPA?

What is GAAP, and who are the two bodies that oversee the development of accounting pronouncements? How are the new rules established?

What is IFRS, and how does it differ from GAAP in their approaches? Keep your answer broad; you do not need to research specific differences between the two.

Compare and contrast the features of a Sole Proprietorship, Partnership, and Corporation.

List the key advantages and disadvantages of each.Please be sure to validate your opinions and ideas with citations and references in APA format.

FYI My last name begins with the letter B