pic: Financial Statement Reporting and Analysis
Your paper should address and include discussions/analysis of the following current accounting topic (Remember to submit Part 1 and Part 2 of the research paper incorporating the feedback from prior weeks):
Select a current FASB exposure draft or proposed accounting standards update on any transaction you feel is relevant to the accounting community. Evaluate and discuss the proposed accounting treatment for this transaction.
Compare and contrast the conceptual framework for financial reporting and government accounting standards for your topic
Financial Statement Analysis: Based on your topic selected, prepare a hypothetical financial statement under FASB, IFRS, and SEC reporting standards using Excel
Evaluate and discuss the appropriate accounting treatment for your topic which a Standard has already been developed by FASB. Do not use any transactions that are covered in any Exposure Drafts. In other words, try to apply existing Standards to your topic and discuss the benefit of additional guidance in this area.
Discuss any ethical concerns and the impact on financial reporting related to the reporting of the topic you selected related to the Code of Professional Conduct.
