390 – IMK Chapter 18
ANSWERS TO GOING TO THE NET
Go online to the Sage Advice blog. The website is
https://www.sage.com/en-us/blog/. Answers will vary.
1. In the Headlines section, read an article. Write a brief essay (no more
than 100 words). Include the article’s website address.
3. In the Sage Advice Podcast section, listen to one or more podcasts.
Briefly describe what you heard.
5. Link to the Glossary. The website is https://www.sage.com/en-
us/blog/glossary/. Link to terms that are of interest to you; for example,
link to What are Generally Accepted Accounting Principles (GAAP)?
Define GAAP.
Generally accepted accounting principles, commonly abbreviated to
GAAP, are the set of standardized principles accountants are required
to follow in the preparation of financial documents. GAAP accounting
practice is mandatory for CPAs in all publicly traded companies and
commonly-followed in the private sector.