108. Financial statements Briefly describe the balance sheet, income statement and the statement of cash flows. 109. Development of generally accepted accounting principles (A.) What is meant by...

108. Financial statements

Briefly describe the balance sheet, income statement and the statement of cash flows.

109. Development of generally accepted accounting principles

(A.) What is meant by the phrase "generally accepted accounting principles"?
(B.) Give the names of three organizations that currently play an active role in the development of accounting principles in the United States.

110. Objectives of financial reporting

List and briefly describe the objectives of financial reporting beginning with the most general and ending with the most specific.

111. Financial and management accounting information

Explain one way in which the characteristics of financial and management accounting information differ.

112. AICPA Code of Professional Conduct

State and discuss the six articles of the AICPA Code of Professional Conduct that guide members in performing their professional responsibilities.