Question
Read the following articles from CFO magazine: http://ww2.cfo.com/accounting-tax/2008/04/for-some-minority-interests-will-be-a-major-boost/ http://ww2.cfo.com/accounting-tax/2007/12/fasb-rule-spawns-a-second-bottom-line/ Comment on how FASB 160 changed the accounting for noncontrolling (minority) interests with specific examples. Do
Read the following articles from CFO magazine:
http://ww2.cfo.com/accounting-tax/2008/04/for-some-minority-interests-will-be-a-major-boost/
http://ww2.cfo.com/accounting-tax/2007/12/fasb-rule-spawns-a-second-bottom-line/
Comment on how FASB 160 changed the accounting for noncontrolling (minority) interests with specific examples. Do you agree with the statement that "for FASB's part, FAS 160 is just one more step in its hunt for greater transparency and more simplicity in financial reporting"? Explain.
250 words minimum
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Principles of Financial Accounting chapters 1-17
Authors: John Wild, Ken Shaw, Barbara Chiappetta
23rd edition
1259687740, 1259687747, 978-1259687747
