Question: Select a current advanced financial accounting topic. Describe the topic. Discuss and provide support for: The key governing bodies charged with the creation and

Select a current advanced financial accounting topic.

Describe the topic.

Discuss and provide support for:

· The key governing bodies charged with the creation and oversight of the selected topic.

· The authoritative literature (i.e. FASB) related to the topic.

· How related accounting information is generated related to the topic, who are the key stakeholders, and how such stakeholders are communicated with regarding the topic.

· How through the selected topic an accounting professional may play a global role in the firm.

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