Describe the history, current status, and adoption implications of JOINT VENTURE FORMATIONS a Financial Accounting Standards Board ongoing project.

• Using resources at www.fasb.org, identify the relevant GAAP and current standards involved.
• Discuss the proposed change (i.e., what will be different?) and the reasons for the change.
• Consider SEC 10-K comments in place on changes to accounting regulations. How will this affect reporting requirements? Provide examples.
• As you conduct research, identify an actual case that may have provided the impetus for this proposed change, or that would have been influenced by the proposed change.
• Identify stakeholders and the impact of the proposed change on each of the stakeholders (comment letters may provide good insight).

Prepare an annotated bibliography.