Please respond to ALL discussion questions in 400 words or more. Please also include all references for responses. Must respond in APA format. 

The GAAP regulations allow for variations in reporting financial data. What is the purpose of these options? There has also are been discussion to replace the GAAP with IFRS  standards.  Discuss. 

DB #2 (Discussion Board #2 )
Direct and Indirect Expenses are frequently used terms that can have different shades of meanings to accountants.  What are direct and indirect expenses and how would you use them in a financial statement.
What Is the Time Value of Money (TVM)?
The time value (Links to an external site.) of money (TVM) is the concept that money you have now is worth more than the identical sum in the future due to its potential earning capacity (Links to an external site.). This core principle of finance holds that provided money can earn interest, any amount of money is worth more the sooner it is received. TVM is also sometimes referred to as present discounted value.
https://www.investopedia.com/terms/t/timevalueofmoney.asp (Links to an external site.)
A DOLLAR A DAY IS WORTH MORE THAN A DOLLAR TOMORROW.
Please discuss your plans if you received a $250,000 retirement check, or inheritance check.  What would you do with that money?  What is your investment strategy to maximize profits or make your money last longer.
he Balance Sheet proves a snapshot of an organization at a particular time. Discuss the primary information that can be derived from this document. 
Many organizations are involving lower-level employees in financial control and budgeting. Discuss how lower-level workers perhaps could help in this process in their organization.

Financial statements are more meaningful when they can be compared to some standards, both internally and externally. Give an example. Discuss.