Describe the history, current status, and adoption implications of a Financial Accounting Standards Board ongoing project.
The FASB has several ongoing projects that involve the review of standards and which may result in updates and/or revisions of financial accounting standards. You should select an ongoing FASB project after visiting the Technical Plan and Project Updates sections of the FASB Web site.
Link to the project that you should be working on
In a five- to seven-page paper, you should describe the project, its history (briefly), and the project’s status. The final section of your paper should describe the implications of the project’s adoption. For example, a paper might discuss a project that would result in accelerating the recognition of certain expenses and require additional disclosures.
Write a five- to seven-page paper (APA format, single spaced, standard paper size, one-inch margins, and 12-pointfont) presenting the results of your work. Submit your paper, research log, and annotated bibliography.
Topic 326 Financial Instruments- Credit Losses. https://www.fasb.org/jsp/FASB/Document_C/DocumentPage?cid=1176172031887&acceptedDisclaimer=true.
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