Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

Case 2 2 the theoretical foundation of accounting principles

13/11/2021 Client: muhammad11 Deadline: 2 Day

· Case 1-1 Generally Accepted Accounting Principles on page 28)

· Case 1-3 Politicization of Accounting Standards (page 28)

· Case 2-2 The Theoretical Foundation of Accounting Principles (page 75)

Format your paper consistent with APA guidelines.

• Case 1-1 Sources of GAAP

The FASB ASC is now the sole authoritative source for all U.S. GAAP.

Required:

a.

What are the major goals of the FASB ASC?

b.

How is the FASB ASC expected to improve the practice of accounting?

c.

What literature is now contained in the FASB ASC?

d.

What should an accountant do if the guidance for a particular transaction or event is not specified within the FASB ASC?

Case 1-3 Politicalization of Accounting Standards

Some accountants have said that politicalization in the development and acceptance of generally accepted accounting principles (i.e., standard setting) is taking place. Some use the term politicalization in a narrow sense to mean the influence by government agencies, particularly the SEC, on the development of generally accepted accounting principles. Others use it more broadly to mean the compromising that takes place in bodies responsible for developing these principles because of the influence and pressure of interested groups (SEC, American Accounting Association, businesses through their various organizations, Institute of Management Accountants, financial analysts, bankers, lawyers, etc.).

Required:

a.

The Committee on Accounting Procedure of the AICPA was established in the mid to late 1930s and functioned until 1959, at which time the Accounting Principles Board came into existence. In 1973, the Financial Accounting Standards Board was formed, and the APB went out of existence. Do the reasons these groups were formed, their methods of operation while in existence, and the reasons for the demise of the first two indicate an increasing politicalization (as the term is used in the broad sense) of accounting standard setting? Explain your answer by indicating how the CAP, APB, and FASB operated or operate. Cite specific developments that tend to support your answer.

b.

What arguments can be raised to support the politicalization of accounting standard setting?

c.

What arguments can be raised against the politicalization of accounting standard setting? (CMA adapted)

Case 2-2 The Theoretical Foundation of Accounting Principles
During the past several years, the FASB has attempted to strengthen the theoretical foundation for the development of accounting principles. Two of the most important results of this attempt are the Conceptual Framework Project and the Emerging Issues Task Force. During this same period, the FASB has been criticized for imposing too many standards on the financial reporting process, the standards-overload problem.

Required:

a. Discuss the goals and objectives of

1. The Conceptual Framework Project

2. The Emerging Issues Task Force

b. Discuss the standards overload problem.

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

Top Grade Tutor
Instant Assignment Writer
Fatimah Syeda
Phd Writer
University Coursework Help
Exam Attempter
Writer Writer Name Offer Chat
Top Grade Tutor

ONLINE

Top Grade Tutor

I have assisted scholars, business persons, startups, entrepreneurs, marketers, managers etc in their, pitches, presentations, market research, business plans etc.

$31 Chat With Writer
Instant Assignment Writer

ONLINE

Instant Assignment Writer

I can assist you in plagiarism free writing as I have already done several related projects of writing. I have a master qualification with 5 years’ experience in; Essay Writing, Case Study Writing, Report Writing.

$26 Chat With Writer
Fatimah Syeda

ONLINE

Fatimah Syeda

I am a professional and experienced writer and I have written research reports, proposals, essays, thesis and dissertations on a variety of topics.

$23 Chat With Writer
Phd Writer

ONLINE

Phd Writer

I will provide you with the well organized and well research papers from different primary and secondary sources will write the content that will support your points.

$28 Chat With Writer
University Coursework Help

ONLINE

University Coursework Help

I have written research reports, assignments, thesis, research proposals, and dissertations for different level students and on different subjects.

$30 Chat With Writer
Exam Attempter

ONLINE

Exam Attempter

I am an experienced researcher here with master education. After reading your posting, I feel, you need an expert research writer to complete your project.Thank You

$32 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

Anna quindlen quilt of a country - Please answer all the question in 10 pages. PLEASE AVOID PLAGIARISM. PLEASE DO NOT COPY PASTE FROM ANY WEBSITES, ARTICLES, CHEGG, COURSEHERO OR ANY SUCH WEBSITES. - Cloud computing - Public health tools and methods study guide hcs 440 - 10 o clock in military time - Acct research - 150 x 100 x 9 rhs - Governmental accounting practice set province of europa solution - Commonwealth bank perls vi - Bsm driving school wolverhampton - Hltaap001 - “What is the essential dividing line between human beings around the world?” - Napster case study answers - Police Subculture - Teachers contracted working hours - Ana scope and standards of practice and continuing education - Tag heuer positioning - Tomal 2 sample report - Chief Data Officer - English - Internally generated intangible assets are initially recorded at fair value - What clinical findings correlate with mk s chronic bronchitis - How many labor hours should the eighth satellite require - How to determine if events are mutually exclusive - The polyvinyl chloride bar is subjected to an axial - Does pantene test on animals - Summary Unequal Democracy Chapter 4-6 - Watson and williams bird seed - Internal audit engagement letter sample - The parietal pleural would represent a serous membrane ________ - How to wear a utility kilt - Why america is self segregating - Shona rapira davies - Nursing theory - Fisher v carrousel motor hotel case brief - Application of antilog amplifier - A budget line shows the - Write a 250 + word response to the questions What are the ethical challenges Uber faces in using app-based peer-to-sharing technology? - Movie review - Kelly kinicki city on a hill - Line managers and reward - Contactcentre mycsp co uk - Hpe storevirtual vsa download - 4.75 pounds to kg - Dj nino brown blazin 2002 - Koo anwen quilt cover - Unsw environmental engineering handbook - Delta electronics europe limited - Qualitative analysis of cations lab report answers - Cirque du soleil 2019 dubai - Full adder ic 7483 datasheet - Realidades 1 capitulo 7 b examen - Why cell phones should be allowed in school - Tic tac chill mints - Mambray creek campground map - Shrek i live alone - Biodiversity questions multiple choice - Golden section search excel - Dehumanization in the giver - The emperor kept the poverty stricken masses pacified by - Advocating for the counseling profession paper - If n = 15 and p = .4, then the standard deviation of the binomial distribution is - Essay and assignment - One – Group Assessment - The radicalism of the american revolution review - Gap inc 2011 case study strategic management - Restricted electrical license course - As nzs 4777.1 2016 free - Unsw drop a course - Writing strategies for pre-emergent ells - Stephanie brooks ted bundy where is she now - Write the mechanism of benzoin condensation - Northwestern mutual life longevity game - 7 koonunga avenue rostrevor - 10 fielder lane howrah - Alex sharpe's portfolio solution - Physics classroom optics bench - Discussion 4 - General employment probity check - Need done asap... Discussion question 200 word min w/ reference - Recommendation report sample in technical writing - Describe your family's economic background examples - Thunderstorms - Going global lessons from late movers - Chapter 1 the chemistry of life answers - Civic responsibility lesson plan - Summary 1/2 paragraph - 8183 w camino real payson az 85541 - Impact of language - Marine and oakridge surgery - Decision tree plugin excel - This i believe guidelines - How to install mahout - CLA 2 PPT - Presentation for the Business Research Proposal - Te tahuhu o te matauranga - Canine hip and elbow dysplasia scheme - Single parent church ministry - Billy elliot final scene - Centrelink third party authority - Alisha incorporated manufactures medical stents