GCU ACC616 Week 3 Discussion (dq1+dq2) Latest

GCU ACC616 Week 3 Discussion 

DQ 1

After reading “Agenda Formation and Accounting Standards Setting: Lessons from the Standards Setters” by Howieson, what is your opinion of the agenda formation process? What role do you think lobbying should play in setting the agenda for accounting standard-setting bodies and why?

DQ 2

Prepare a compliance report of the company you chose for your Annual Report Project. Using your company’s financial statements and notes to the financial statements, evaluate the use of GAAP for income recognition, identify the relevant code sections, any departures from GAAP, and the authority used to justify the departures. In addition, evaluate the reasoning for the company choosing particular accounting methods.