Project 2: Where do the rules come from? Who impacts accounting?
QUESTION
Project 2: Where do the rules come from? Who impacts accounting?
Due Week 8 and worth 200 points
Throughout your studies, you have heard of the big names of the organizations that impact accounting. But what do they really do? How do you know what the hot topics are? How are they influenced? What do they have to do with the financial reports you have been studying all quarter? How could this impact how financial reports are produced? For example, consider how a change in the way leases are recognized may impact the liabilities on a balance sheet and expenses on an income statement (which would then impact owners equity).
For Project 2, of the organizations below and write a 2-3 page paper in which you:
Briefly explain the mission or focus of the organizations you selected and cite sources for your information. Note: Wikipedia and similar websites do not qualify as appropriate sources. It is recommended that you refer to the organizations websites or excerpts from their established publications.
ANSWER:
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