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Department
Management and Organizational Studies
Course
Management and Organizational Studies 1023A/B
Professor
Maria Ferraro
Semester
Fall

Description
LECTURE 2There are companies who may decide not to record their debtEx Enronhad a way of pushing their debt on fictitious organizationsTheir balance sheet looked great but they were hiding their debtThis guides us to what should and shouldnt be on financial statementsAccounting always more than one way to do somethingExternal users of financial reports investors creditorsFor investors you would like to show highprofitFor tax reasons you would like to show low profitsTo be relevant information must be tim
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