Answered You can hire a professional tutor to get the answer.
QuickBooks financial statements are okay for internal reporting purposes, but they do not meet GAAP standards in many, many ways.
QuickBooks financial statements are okay for internal reporting purposes, but they do not meet GAAP standards in many, many ways. If you have taken Accounting 1 or Accounting Fundamentals, you should have access in your textbook to "real" financial statements. If you have not taken a formal class, research what GAAP compliant financial statements look like. You do not have to look at Statement of Cash Flows - just the Balance Sheet, Income Statement and Statement of Shareholder's Equity.
Compare QB statements to GAAP prepared statements and list at least one difference
