Date: Wednesday, January 8, 2014
Time: 5:30 - 8:30 PM
Location: SEED Center, 4310 Ryan Street
Accounting information is not exact, but has the illusion of precision. Instead, accounting information is supposed to be "fair" or "reasonable." Accounting information makes assumptions and estimates that, by their nature, are not exact or facts. This session will present cases of companies and build financial statements for the companies. By the completion of this session, your eyes will be open to the possibility that accounting information may vary significantly and still be in compliance with accounting, banking rules and tax law. Discussion will include guidance for recognizing assumptions, estimates and techniques of how a company's financial information was compiled.