Confidence intervals in excel

Generally Accepted Accounting PrinciplesThe Business Entity PrincipleEach business is considered a separate entity. Financial data for the business is kept separate from the owner’s personal financial data.The Cost PrincipleAssets are valued and recorded according to their actual cost to the business.The Time Period PrincipleEach company sets and defines an accounting period. The company consistently uses the same time period when it prepares its financial statements.The Matching PrincipleThe costs recorded in the expense accounts should be matched with the revenue of the same accounting period to determine net income.The Principle of ObjectivityAccounting records are based on objective evidence. Source documents provide objective evidence to support the value used to record transactions.The Principle of MaterialityInformation that could affect the decisions of users of financial statements must be included when the financial statements are prepared.The Principle of ConservatismWhere there are acceptable alternative accounting treatments for an item, accountants choose the one that will result in lower net income and net assets.The Full Disclosure PrincipleAll information needed for a full understanding of a company’s financial statements must be included with the financial statements. (e.g. outstanding lawsuits, tax disputes, company takeovers.)The Going Concern ConceptThe business will continue to operate, unless it is known that it will not.
Generally Accepted Accounting PrinciplesMatch the definition to the correct GAAP.AThe Matching PrincipleBThe Business Entity PrincipleCThe Time Period PrincipleDThe Principle of ObjectivityEThe Going Concern ConceptABThe Principle of MaterialityACThe Principle of ConservatismADThe Cost PrincipleAEThe Full Disclosure PrincipleBEach business is considered a separate entity. Financial data for the business is kept separate from the owner’s personal financial data.ADAssets are valued and recorded according to their actual cost to the business.CEach company sets and defines an accounting period. The company consistently uses the same time period when it prepares its financial statements.AThe costs recorded in the expense accounts should be matched with the revenue of the same accounting period to determine net income.DAccounting records are based on objective evidence. Source documents provide objective evidence to support the value used to record transactions.ABInformation that could affect the decisions of users of financial statements must be included when the financial statements are prepared.ACWhere there are acceptable alternative accounting treatments for an item, accountants choose the one that will result in lower net income and net assets.AEAll information needed for a full understanding of a company’s financial statements must be included with the financial statements. (e.g. outstanding lawsuits, tax disputes, company takeovers.)EThe business will continue to operate, unless itis known that it will not.