Introduction:

Select a current advanced financial accounting topic.

Instructions:

Describe the topic.

Discuss and provide support for:

The key governing bodies charged with the creation and oversight of the selected topic.

The authoritative literature (i.e. FASB) related to the topic.

How related accounting information is generated related to the topic, who are the key stakeholders, and how such stakeholders are communicated with regarding the topic.

How through the selected topic an accounting professional may play a global role in the firm.