Select a converged, revised, or new accounting standard from the Financial Accounting Board (FASB) or the International Accounting Standard Board (IASB) that has been issued within the last three years and that is of interest to you. Refer to the PwC Accounting and Reporting website (Links to an external site.). This provides a listing of the most recent accounting standards and financial reporting-related developments and updates. Note: Videos available on PwC's YouTube channel (Links to an external site.) are closed captioned.

Prepare an annotation of the accounting standard for the discussion board.

What was the accounting theoretical or financial reporting issue addressed by the standard?

What was the result or conclusion noted or what is expected to occur after companies implement the standard?

How might practitioners or students apply this standard in resolving specific accounting or financial-reporting issues?

Answer rating: 100% (QA)

DQ Module 1 PWC 2020 Income taxes Partially updated May 2020 Pwccom Retrieved 6 October 2020 from httpswwwpwccomusencfodirectassetspdfaccountingguidespwcincometaxesguidepdf The PWC income tax guide pr... View the full answer