http://www.fasb.org/cs/ContentServer?c=Page&pagename=FASB%2FPage%2FSectionPage&cid=1176156240004

Recently completed project:

Clarifying When a Not-For-Profit Entity That Is a General Partner Should Consolidate a For-Profit Limited Partnership (or Similar Entity)

"Accounting Projects Completed by FASB" Please respond to the following:

From the e-Activity, compare one (1) recently completed project to the old accounting standard, and predict the fundamental way in which the new standard will improve financial reporting. Provide support for your rationale.

From the e-Activity, recommend two (2) internal controls that you would implement to ensure that corporations follow the new standard that you had explored in Part 1 of this discussion if you were given complete authority in the matter. Justify your response.