ACC 537 STUDY Start With a Dream /acc537study.com ACC 537 STUDY Start With a Dream /acc537study.com | Page 2

Identify the objective of financial reporting.
Discuss the impact of financial deception such as off balance sheet
financing and collateralized debt obligations.
Describe some of the challenges facing financial reporting.
Include reference.
-----------------------------------------------------------------------------
ACC 537 Week 1 Textbook Problems P7 1Francis
Equipment Co
FOR MORE CLASSES VISIT
www.acc537study.com
P7-1 (Determine Proper Cash Balance) Francis Equipment Co. closes
its books regularly on December 31, but at the end of 2014 it held its
cash book open so that a more favorable balance sheet could be
prepared for credit purposes. Cash receipts and disbursements for the
first 10 days of January were recorded as December transactions. The
information is given below.