Advanced Accounting requires many rules and regulations. The latter come from many sources. In your Journal this week you will research two rules or regulations that pertain to Advanced Accounting topics and submit them to your Unit #1 Journal. For each of the rules or regulations, answer the following questions.

What is the name of the rule or regulation?

What agency or government created the rule or regulation?

Does any agency or government have the power to enforce the rule or regulation? If so how? If not, does this hinder the enforcement of the rule or regulation?