Reference no: EM131824050

Assignment: Threaded Discussion Question

Instruction

Discussions: This class will generate many interesting discussions. Participate as much as you can, but at least on three separate days per week. Feel free to share personal experiences. Post recent articles and tell us about them. Let's have fun with the discussions!

I wanted to make sure you are aware of Keller's policy on Academic Integrity violations. For the student's first offense, the penalty for an Academic Integrity violation in a graduate course is a zero for the course (not just for the assignment, quiz or exam).

Some tips to help you when completing Case Study, and discussions:

"Over cite" is best rather than not citing at all!

1) Do you feel that the codification is really necessary, especially given that entire generations of accountants already understood where to find information? Do you think it's worth the cost?

2) With the issuance of FASB 168, all other accounting literature that is not in the Codification immediately became non-authoritative.

What are the three main reasons to pursue a codification?

3) How are IFRS and the codification related? Do you feel that IFRS adoption could happen without codification?

4) The vast majority of commenters envision a strong role for the FASB in the endorsement of IFRS and that they expect the FASB to be able to exert influence on the standard-setting process of the IASB through this endorsement role.

How Does Convergence Fit into the FASB's Mission?