Question: You will be using EDGAR (http://www.sec.gov/edgar.shtml) and the FASB codification system to research a company's financial statements and to research a proposed accounting standard for

You will be using EDGAR (http://www.sec.gov/edgar.shtml) and the FASB codification system to research a company's financial statements and to research a proposed accounting standard for the current or prior year (liability and equity-type transactionsonly).You will be creating financial accounting information and commenting on the proposal you selected as it applies to the company you selected.

Select a company from the Edgar Database (HOME DEPOT)

Find their financial statements

Find the areas of the financial statements that are related to the proposed standard that you selected from week 1 The topic I chose was (TOPIC 740 From liability and equity PROPOSED STANDARD from 2019)

How is the information related to liabilities or equity currently reported?

How will the information be reported differently based on the selected proposed standard? (Before and After)

You only need to show a Before and After for one year, the most recent year.

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