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ACC 305 Intermediate Accounting I

14/10/2020 Client: srikanthkumar Deadline: 7 Days

 


Week 1 - Discussion 2


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Your initial discussion thread is due on Day 3 (Thursday) and you have until Day 7 (Monday) to respond to your classmates. Your grade will reflect both the quality of your initial post and the depth of your responses. Refer to the Discussion Forum Grading Rubric under the Settings icon above for guidance on how your discussion will be evaluated.


FASB and the AICPA [WLOs: 1, 2, 3, 5] [CLOs: 1, 2]


Prior to beginning work on this discussion, review the following:



  • Chapters 1 and 2 in the textbook


Write: Make sure your response addressing the following questions is more than 200 words and includes an in-text citation or a brief quote from the reading material where appropriate. You may want to review the Citing Within Your Paper (Links to an external site.) resource from the Ashford Writing Center for proper use of citations.


In your post, discuss the following:



  • How would you characterize the current relationship between the Financial Accounting Standards Board (FASB) and the AICPA?

  • How do they work together?

  • How do their roles differ?

  • Why is the relationship between these two entities important to understand?

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