GAAP GARY: an accounting superhero story
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Fellow accounting villains. I've assembled you here so that we may finally defeat our arch enemy...
One day at the villains hideout...
We need to break the GAAP principles if we want to set a trap for him!
Meanwhile at GAAD GARY'S hideout...
I sense a disturbance in the GAAP. I must investigate further!
I'm sensing broken GAAP principles from this business!
Upon investigation of this business, I've determined that the time period concept and matching principle were broken. The fiscal periods were NOT of equal length. The eeexpenses were also not recorded at the same time the revenue was, but at the time the payment was delivered.
I also broke the objectivity principle and didn't base my transactions on real evidence! MWAHAHAH!
This is the work of EEEXPENSE EILEEN!
Continued in part 2
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