Bruce & Emmett have heard there have been several recent accounting changes as documented in the FASB Codification. Your group will be assigned one or two of the accounting topics below on which to report the following:

dl.) The main provisions of the new pronouncements

d2.) How the accounting treatment of the new pronouncement differs from before

d3.) The effective date(s) of the new pronouncement

d4.) How the accounting treatment compares with IFRS

The Topics are:

1. Extraordinary & Unusual Items

2. Comprehensive Income

3. Business Combinations

4. Leases

5. Distinguishing Liabilities from Equities

6. Earnings Per Share

7. Goodwill Impairment

8. Restricted Cash on the Statement of Cash Flows

9. Revenue from Contracts with Customers