Topic 1: Review the Conceptual Frameworks for both financial reporting and government accounting standards. Compare and contrast the differences you see in the two frameworks and discuss why you feel these differences are needed or not needed. Be sure to provide specific examples to back up your opinion
Topic 2: Define and discuss the concept of corporate responsibility. Go to the website of any public corporation (Fortune 500+), find any of their financial statements (these are usually found in “Investor Relations” at the bottom of their webpage). Describe what is included in that company’s Corporate Responsibility notes. How does this impact financial reporting?
