ACC 577 Week 8 Assignment 1 Emerging Issues Task Force\t\u00a0\tAssignment 1: Emerging Issues Task Force\tReview the Emerging Issues Task Force (EITF) on the FASB Website, located at http:\/\/www.fasb.org\/jsp\/FASB\/Page\/SectionPage&cid=1218220137512. Next, review the Description and Status of Current Issues section, located at http:\/\/www.fasb.org\/jsp\/FASB\/Page\/SectionPage\t&cid=1218220137528, along with the Exposure Drafts and Public Comment Documents, located at http:\/\/www.fasb.org\/cs\/ContentServer?site=FASB&c=Page&pagen\tame=FASB%2FPage%2FSectionPage&cid=1176157086783.\tWrite a four to five (4-5) page paper in which you:\tAnalyze the primary way in which Emerging Issues Task Force (EITF) influences Generally Accepted Accounting Principles (GAAP). Based on your analysis, recommend one (1) improvement that the EITF could take in order to more effectively influence GAAP.\tFrom the Description and Status of Current Issues section of the FASB Website, choose one (1) of the current issues, and analyze the EITF’s conclusion(s). Based on your analysis, make at least two (2) recommendations that would enhance the EITF’s conclusion(s).\u00a0 Provide a rationale to support your recommendation.\u00a0\tFrom the Exposure Drafts and Public Comment Documents section of the FASB Website, choose one (1) public comment on the most recent exposure draft issued by EITF. Analyze the chosen public comment, and give your opinion on whether or not you agree with the commenter. Support your position with at least two (2) examples.\tImagine that your company has tasked you with proposing a new agenda item for the EITF to consider. Create a scenario for one (1) accounting issue that you would propose, and support that proposal with a brief statement of the issue(s).\tUse at least three (3) quality academic resources in this assignment. Note: Wikipedia and other Websites do not quality as academic resources.\t\u00a0\tYour assignment must follow these formatting requirements:\t\u00a0\tBe typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.\tInclude a cover page containing the title of the assignment, your name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.\tThe specific course learning outcomes associated with this assignment are:\tAnalyze the financial principles and concepts related to consolidated financial statements, intercompany transactions, combined financial statements, financial instruments, derivatives, hedging and contingencies, and commitments.\tAnalyze the financial principles and concepts related to earnings per share, disclosures and reporting, and foreign currency transactions.\tUse technology and information resources to research issues in financial accounting and reporting.\tWrite clearly and concisely about financial accounting and reporting using proper writing mechanics.<\/p>\n","protected":false},"excerpt":{"rendered":"
ACC 577 Week 8 Assignment 1 Emerging Issues Task Force \u00a0 Assignment 1: Emerging Issues Task Force Review the Emerging Issues Task Force (EITF) on the FASB Website, located at http:\/\/www.fasb.org\/jsp\/FASB\/Page\/SectionPage&cid=1218220137512. Next, review the Description and Status of Current Issues Read More …<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-200634","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/200634","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=200634"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/200634\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=200634"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=200634"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=200634"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}