The SEC and FASB work jointly to make sure investors have sufficient information about companies and the reported information is clear and consistent. Publicly traded companies are required by the SEC


The SEC and FASB product jointly to produce secure investors own equal notice environing companies and the reported notice is unobstructed and acquiesceing. Publicly traded companies are required by the SEC to equip inferential financial reports to the common on a quarterly account using FASB standards as a format for reporting. Using the Internet and Strayer Library at https://research.strayer.edu, inquiry the Financial Accounting Standards Board (FASB) and the Securities and Exchange Commission (SEC) to address the subjoined questions.

 Write a four to five (4-5) page tractate in which you:

  1. Analyze the Financial Accounting Standards Board (FASB) conceptual frameproduct and the benefits expected to be partial from the conceptual framework.  Identify two (2) weaknesses of the frameproduct and produce at meanest two (2) recommendations that would augment the conceptual framework. Provide a rationale to help your recommendations.
  2. Analyze the two principal qualities of adapted accounting notice and surrender your view on whether you acquiesce after a while the two principal qualities. Suggest to FASB one joined principal condition that would augment accounting adaptedness. Provide two examples to help your instigation.
  3. Describe the role of the Securities and Exchange Commission (SEC) and its product of the financial accounting assumption and experience.  Analyze the intercommunity betwixt the SEC and the FASB after a while deference to the product and state of financial assumption and experiences. Surrender two recommendations that would reform the intercommunity betwixt the SEC and FASB. Provide a rationale to help for your recommendations.
  4. Go to https://research.strayer.edu to locate three (3) condition academic media in this assignment. Note: Wikipedia and congruous websites do not render-capable as academic media.The best excellent is to arrival Strayer University’s Online Library at https://research.strayer.edu  and the iCampus University Library Inquiry page at https://icampus.strayer.edu/library/research.

Your assignment must prosper these formatting requirements:

  • Be typed, enfold spaced, using Times New Roman font (extent 12), after a while one-inch margins on all sides; citations and allusions must prosper APA or school-unfair format. Check after a while your confessor for any joined instructions.
  • Include a secure page containing the appellation of the assignment, your spectry, the confessor’s spectry, the career appellation, and the epoch. The secure page and the allusion page are not included in the required assignment page elongation.

The unfair career erudition outcomes associated after a while this assignment are:

  • Create recommendations for enhancing an accounting frameproduct and for befitting the intercommunity betwixt the SEC and the FASB.

Grading for this assignment accomplish be naturalized on vindication condition, logic / construction of the tractate, and vernacular and letter skills, using the subjoined rubric.

Rubic

1. Analyze the Financial Accounting Standards Board (FASB) conceptual frameproduct and the benefits expected to be partial from the conceptual framework.  Identify two (2) weaknesses of the frameproduct and produce at meanest two (2) recommendations that would augment the conceptual framework. Provide a rationale to help your recommendations.

Weight: 25%

2 Analyze the two principal qualities of adapted accounting notice.  Demonstrate the treasure of adapted accounting notice and sift-canvass the consequences if accounting notice is not adapted.   Provide two examples to help your rationale.

Weight: 25%

3. Describe the role of the Securities and Exchange Commission (SEC) and its product of the financial accounting assumption and experience.  Analyze the intercommunity betwixt the SEC and the FASB after a while deference to the product and state of financial assumption and experiences. Surrender two recommendations that would reform the intercommunity betwixt the SEC and FASB. Provide a rationale to help for your recommendations.

Weight:25% 

4. Cite 3 respectable sources.

Weight: 5%

Writing Mechanics, Grammar, and Formatting

Weight: 5%

6. Appropriate use of APA in-text citations and  allusion individuality.

Weight: 5%

7. Information Literacy/Integration of Sources

Weight: 5%

8. Clarity and Coherence of Writing

Weight: 5%

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