What are the key accounting assumptions, accounting homework help

1. Why are financial statements important to internal users, such as employees, managers, and directors?
2. What are the key accounting assumptions ?
3. What impact do these key accounting assumptions have on financial statement reporting?
4. What are the three primary financial statements covered in the video and what type of information do they provide to users?
5. When it comes to integrity, do you think that accountants should be held to a higher standard than other professions? If so, why? If not, why not? Do you think that ethical standards have changed in recent years?
6. How does your organization as a whole utilize the financial statements in day to day decision making? How do you use them in your day to day situation?