ACC 563 WEEK 4 ASSIGNMENT 1
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Follow this link to get this tutorial:http://wiseamerican.us/product/acc-563-week-4-assignment-1/Contact us at:[email protected] 1: Research of Emerging Accounting Issues

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ACC 563 WEEK 4 ASSIGNMENT 1

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Acc 563 week 4 assignment 1

ACC 563 WEEK 4 ASSIGNMENT 1

Follow this link to get this tutorial:

http://wiseamerican.us/product/acc-563-week-4-assignment-1/

Contact us at:

[email protected]

Assignment 1: Research of Emerging Accounting Issues

For this assignment, you will need to go to the FASB Website and review the issue that the Emerging

Issues Task Force (EITF) is working on at

http://www.fasb.org/jsp/FASB/Page/SectionPage&cid=1218220137528. From the current issues

described on the Website, you will need to select an issue of interest to you and identify it for the

assignment.

Write a six to eight (6-8) page paper in which you:

1. Research the role of the Emerging Issues Task Force (EITF) as it relates to the Financial Accounting

Standards Board (FASB). Evaluate its effectiveness with finding resolutions to emerging accounting

issues.

2. Research the emerging issue you selected from the EITF’s current issues page and evaluate the key

areas being addressed by the EITF.

3. Assess how a company’s accounting and financial reporting is likely to be impacted by the work being

done by the EITF on this issue.

4. Create a response to the EITF recommendation on the issue that you would submit during the public

comment period.

5. Evaluate the difference in accounting treatment between GAAP and IFRS in this area and how the

exposure draft recommendation may impact these differences.

6. Predict the role of the EITF should the accounting professional adopt one (1) global set of accounting

standards.

7. Use at least three (3) quality academic resources in this assignment. Note: Wikipedia and other

Websites do not qualify as academic resources.


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