Does each member of your team have a part in the paper

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Reference no: EM133787523

Assignment: FASB Project

Objective: Learn to research FASB standards, apply to companies, and compare to the IFRS standards on an international basis.

Topic: Intangibles (this is my topic)

Prepare are port using PowerPoint or Google Slides on the following:

1. Review the FASB codification database. Summarize this issue with specific references to where it as found in the database (Topic numbers). You might want to also search the FASB pronouncements before 2009 to see where it was listed and gain insights into this topic. This must include a background on the Topic, the reasoning for the Topic, plus any major criteria for its use.

2. Where would it be noted in a 10-K report? Explain. What needs to be included as minimum disclosure?

3. Research any current literature and comment if there are any issues with this either (i) in general and (ii) with converting to IFRS.

4. Search out one US publically held company from the Fortune 500 list that uses this topic in its 10K report. Explain where it is shown, what is included and why, and include a copy of that page in the Appendix.

5. Search out 1 non-US publically held company in a similar industry using IFRS either by going to their website or seeing if there is a similar company here: nyse and see how this similar topic is shown in its annual report. Explain where it is shown, what is included and why, are there any differences in IFRS versus US GAAP reporting, and include a copy of that page in the Appendix.

Your report(s) will answer the following issues (not necessarily in this order).

1. Does your report answer each of the questions assigned with your company?

2. Does each member of your team have a part in the paper?

3. Think deeply about not giving a book report - but offering new and interesting information on how your assigned company connects with the material we have covered in class (discussions and the text).

4. Does your report have a clear beginning, middle and end?

Reference no: EM133787523

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