1 the accounting for assets both current and long-term has

Assignment Help Financial Accounting

Reference no: EM13377890

1. The accounting for assets, both current and long-term, has changed significantly since the inception of the FASB. Discuss some of the primary changes in the accounting (measurement and reporting) for assets that the FASB has implemented.

2. The accounting for liabilities, both current and long-term, and equity has changed significantly since the inception of the FASB. Discuss some of the primary changes in the accounting (measurement and reporting) for liabilities and equity that the FASB has implemented.

3. Discuss the current state of accounting for leases, the strengths and weaknesses, and where improvement can be made. Be sure to discuss the off-balance sheet financing nature of operating leases.

4. Discuss the theories of equity on pages 483 - 488. You do not have to discuss all of them. Be sure to include in your discussion which theory you believe best meets the theory of equity.

5. The text authors point out that "accounting for income taxes has been a controversial financial accounting topic for many years." Discuss the (1) controversies, (2) the resolutions, and (3) any unresolved or questionable areas related to the accounting for income taxes.

Reference no: EM13377890

Questions Cloud

Suppose you are considering putting your savings in an : suppose you are considering putting your savings in an investment fund. one scenario projects stable prices and

There is persistent fear that there will be a high level of : there is persistent fear that there will be a high level of deflation. many economists warn that it may be worse for

Assume you are interviewing for a part-time accounting job : assume you are interviewing for a part-time accounting job at spilker amp associates inc. and the interviewer gives you

The ceo of always ready round tire has decided to open a : the ceo of always ready round tire has decided to open a battery division. he thinks that batteries would sell well

1 the accounting for assets both current and long-term has : 1. the accounting for assets both current and long-term has changed significantly since the inception of the fasb.

Suppose mary enjoys pepsi and coke according to the : suppose mary enjoys pepsi and coke according to the function upc 4c 5p.1what does her utility function say about her

Consider an c the production function is unspecified but we : consider an c the production function is unspecified but we know that the theory of distribution todwpmpn holds.

1 when canceling debt before its maturity debt retirement : 1. when canceling debt before its maturity debt retirement it is theorized that the recall of the debt is a current

Consider an economy that abides by the classical mode the : consider an economy that abides by the classical mode. the production function is unspecified but we know that the

User Account

All Pages