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Discuss how the deferral of prepaid expenses, unearned revenues and depreciation support the matching principle.
Simply put; the deferral of prepaid expenses and unearned revenues ensures that expenses are properly matched with revenue, and revenues are properly matched with expenses. [ Where depreciation is concerned; the proper allocation of the cost of the asset over the period of time that the asset provides value for the company again ensures that expenses are properly matched with the revenue the
asset helps generate. Yes, the added work required by accrual accounting does add value to the financial statements. It ensures that statements for different periods are prepared using comparable methods, so changes in financial condition can be easily determined. In addition, it helps to ensure that other similar companies can also be compared to determine how one is doing in comparison to another. This is useful when comparing different companies prior to investing in one, or more, of them. ]
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User: Discuss how the deferral of prepaid expenses, unearned revenues and depreciation support the matching principle.

Weegy: Simply put; the deferral of prepaid expenses and unearned revenues ensures that expenses are properly matched with revenue, and revenues are properly matched with expenses. [ Where depreciation is concerned; the proper allocation of the cost of the asset over the period of time that the asset provides value for the company again ensures that expenses are properly matched with the revenue the asset helps generate. Yes, the added work required by accrual accounting does add value to the financial statements. It ensures that statements for different periods are prepared using comparable methods, so changes in financial condition can be easily determined. In addition, it helps to ensure that other similar companies can also be compared to determine how one is doing in comparison to another. This is useful when comparing different companies prior to investing in one, or more, of them. ]
Expert answered|rhyann24|Points 820|

User: Does the added work required by accrual accounting add the perceived value to the financial statements

Weegy: It ensures that statements for different periods are prepared using comparable methods, so changes in financial condition can be easily determined. [ In addition, it helps to ensure that other similar companies can also be compared to determine how one is doing in comparison to another. This is useful when comparing different companies prior to investing in one, or more, of them. ]
Expert answered|rhyann24|Points 820|

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Asked 9/17/2011 10:05:14 PM
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Actually a company can have some solid internal controls in place, more so they are required under the Sarbanes-Oxley Act, SOX Act. If you were in charge of the Sarbanes-Oxley Act,SOX Act what would you do about implementing controls?
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Asked 9/12/2011 1:43:28 PM
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What happens if you get a small green triangle within one of your cells? What causes this to appear? How do you make it disappear?
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Asked 9/12/2011 1:55:35 PM
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What is APA formatting?
Weegy: Hi-APA firmatting or American Psychological Association ( APA) Style is a set of rules that authors use when submitting papers for publications in APA journals. (More)
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Asked 9/12/2011 2:04:58 PM
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What is APA formatting?
Weegy: APA format is the official style used by the American Psychological Association (APA) and is commonly used to cite sources in psychology, education and social sciences. [ APA format may seem difficult, but it will become easier once you familiarize yourself with the rules and format. ] (More)
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Asked 9/12/2011 2:08:15 PM
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Weegy: Any other questions I can answer for you? User: What is APA formatting? Weegy: Hi-APA firmatting or American Psychological Association ( APA) Style is a set of rules that authors use when submitting papers for publications in APA journals. User: . List the characteristics of a paper that is properly formatted in APA style. Weegy: You have a cover page with all pertinent information, Your information is in the paper- not just page numbers,You use use footnotes and you have a bibliography, not work cited page. User: How do readers benefit from papers that follow a format like APA? Weegy: Yes they do as it is a standardized format which is generally known by the reader. APA style can help you in other ways, too. [ For example, following rules about spacing, margins, font type, and font size can help you ensure that your paper is the proper length. (If you wrote a single-spaced paper, even though APA uses double spacing, then you might write a paper twice as long as necessary.) Standard formatting also helps your professors grade papers more easily and quickly. And ultimately, if your professor requires APA style, then using APA in your research paper will help you get a good grade. Read more: Importance of Using APA Format in Research Papers | eHow.com you may try this link. Just keep on asking us here on weegy and well do our best to help you :) ] User: What is an "in-text citation"? Weegy: That is false. Paraphrases and data also require in-text citation. User: What is an in-text citation Weegy: In-text citations, called parenthetical citations, are used to document any external sources used within a document (unless the material cited is considered general knowledge). [ The parenthetical citations direct readers to the full bibliographic citations listed in the Works Cited, located at the end of the document. In most cases, the parenthetical citations include the author's last name and the specific page number for the ... (More)
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Asked 9/12/2011 2:16:39 PM
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