Accounting Superhero 3

Accounting Superhero 3
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Storyboard Text

  • Mr. Chalk, you have it all wrong. The Going Concern Principle states: A company will carry out all accounting responsibilities until the end of the fiscal period.
  • Oh my word, you are correct, I have to let my student know tomorrow!!
  • Later that day...
  • If I hit this next shot then you have to record the bike that I may get tomorrow into my accounting documents tonight. 
  • Deal!
  • This better be the last time!!
  • This is a joke, Correct? You know the Principle of Conservatism states: You can only record assets into your accounting sheets when they are assured of being received. You are confused with revenues man!
  • The Accounting God has had enough of these mistakes. She decided that she needs to have a talk with the whole town. 
  • After a week of teaching the GAAP and the IFRS accounting rules does everyone understand them?
  • YESSSSSS!
  • Lastly, where can you go if you need extra accounting help?
  • Ms. Konforte's class during the lunch time!
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