Go to the American Accounting Association (AAA) login page at http://aaahq.org/ascLogin.cfm Username: AAA52396 Password: Uj5G9jY You will need to accept their terms to use this site. Go to Recently Issued on the top bar and answer the following questions. Click on the + to expand list to count the number of documents. 1) For 2016, how many new accounting standard updates have been issued? ____13_________ 2) For 2016, how many exposure documents have been issued? _______________________ 3) Expand the list to see the number for 2015. How does the number of documents issued for the first half of 2016 compare to the number issued for the whole year of 2015? 4) Select the Exposure Draft on the Cash Flow Statement, Topic 230. Read pages, 1, 2, 5, 6, 7, 8 and 10. Answer the following questions. 5) What is the current financial reporting problem that this exposure draft addresses? 6) This is a proposed amendment to the existing codification. How are textual additions shown? How are proposed deletions to the original text shown? 7) Compare the direct method on page 8 to the indirect method on page 10 for the example manufacturing firm. Which method do you prefer to read and why? Please explain your answer in 3 to 5 sentences.