Big\/Little GAAP Study<\/p>\n
Premise of the study<\/p>\n
For a number of years there has been noise in the accounting community about the applicability of GAAP for small and closely held businesses. Many opine that the FASB promulgates GAAP with the large, publicly traded business in mind and that this form of GAAP often does not apply to small and closely held businesses as it just does not make sense.<\/p>\n
In the last few years the Private Company council (PC) has been formed to address the need for a modification or other form of GAAP for small businesses.<\/p>\n
This assignment<\/p>\n
The purpose of this assignment is to find articles, or other literature, that address the tension between Big and Little GAAP and the formation, purpose, and accomplishments of the PCC.<\/p>\n
Method<\/p>\n
Scour the literature for these articles. Submit a coy of the article with a summary of the article that should not exceed a page. In the summary discuss:<\/p>\n
What issue is the article trying to address
\nWhat method are they using to address the issue e.g. research, theoretical model, op\/ed
\nWhat are the conclusions of the article
\nSources of information<\/p>\n
There are numerous sources of information. Below are some examples. This is not a definitive or exhaustive list.<\/p>\n
Research literature\/journals including but not limited to:
\nThe Journal of Accounting Research
\nContemporary Issues in Accounting
\nJournal of Accounting Auditing & Finance
\nAccounting Research Network (ARN) \u2013 and on-line resource
\nProfessional Literature, including but not limited to
\nCPA Journal
\nJournal of Accountancy
\nAccounting Today
\nSubmission Guidelines<\/p>\n
Submissions should be via BB. An assignment space will be set up
\nPlease submit a copy of the article and your summary
\nYour summary should start with your name at the top, then a citation in APA format, and then your summary<\/p>\n","protected":false},"excerpt":{"rendered":"
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