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Choose at least two concepts you have learned in IntermediateAccounting, 2nd edition and explain how you may use them in yourpresent or future accounting position. Make sure you providedetails on how each concept will help you support the financialgoals of the company you currently work for or will work for in thefuture.
PS: I need a complete answer. Thank you. And do not waste myquestion
The concepts are as follow:
retained earnings
Earnings per share
Statement of retained earnings
Stockholders' equity
Revenue reognition
Contributed capital
Accounting for income tax
Accounting for postretirement benefits
Accounting for leases
Capital lease
Operating lease
Statement of cash flows
Accounting for changes and errors
Change in an Accounting Principle
Change in an Accounting Estimate
Change in a Reporting Entity.
Errors
retrospective adjustment method
prospective method
direct effect of a change in accountingprinciple
indirect effect of a change in accountingprinciple
