As the led accountant for your theoretical company, you have been assigned the task of researching the new FASB Accounting Standards Update (ASS). Research and analyze the ASU and give your own “personal” interpretation of how the new regulation could potentially impact your theoretical company. Research and analyze the ASU and give your own “personal” interpretation of how the new regulation could potentially impact your theoretical company, etc… How has the recent June 2022 FASB ruling / comments impact the future of potential changes to the Accounting for Intangible Assets / Goodwill? Intangible Assets and Goodwill ASU Research Topic. For purposes of this course the final document will be graded on the following parts with their respective subheadings: (1) Introduction of case or topic (2) Facts as presented in the case or topic paraphrased for the report (3) A summary of the area of accounting (4) Your Detailed Discussion of the case or topic including personal conclusion. You must provide sound rationale for your arguments. (5) General conclusion Required textbook: Reamers, J.L. (2011). Financial Accounting: A Business Process Approach (3rd ed.). Pearson. Thank you!
