Access the GASB website (www.gasb.org). Identify the two most recent exposure drafts issued by the GASB.
Answer to relevant QuestionsAccess the FASB website (www.fasb.org):a. List the titles of the two most recently issued ASUs.How can the promulgation of an accounting standard impact economic behavior? Discuss a specific example.What is the purpose of the GASB? Why should the public have an interest in governmental financial reporting?Use the advanced search to locate code sections relating to not-for-profit revenue accounting. List the first three relevant code sections.Go to the SEC website (www.sec.gov).a. Access the Information for Accountant link. Then go to the enforcement page. Determine how many accounting and auditing releases were issued in the current year.b. SFAS No. 115 ...
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