Review the Emerging Issues Task Force ( EITF ) on the FASB Website , located at http :// www . fasb . org / jsp / FASB / Page / SectionPage & cid = 12182201375 12 . Next , review the Description and Status of Current Issues section , located at http :// www . fasb . org / jsp / FASB / Page / SectionPage
& cid = 1218220137528 , along with the Exposure Drafts and Public Comment Documents , located at http :// www . fasb . org / cs / ContentServer ? site = FASB & c = Page & pagen
ame = FASB % 2FPage % 2FSectionPage & cid = 1176157086783 .
Write a four to five ( 4-5 ) page paper in which you :
Analyze the primary way in which Emerging Issues Task Force ( EITF ) influences Generally Accepted Accounting Principles ( GAAP ). Based on your analysis , recommend one ( 1 ) improvement that the EITF could take in order to more effectively influence GAAP .
From the Description and Status of Current Issues section of the FASB Website , choose one ( 1 ) of the current issues , and analyze the EITF ’ s conclusion ( s ). Based on your analysis , make at least two ( 2 ) recommendations that would enhance the EITF ’ s conclusion ( s ). Provide a rationale to support your recommendation .
From the Exposure Drafts and Public Comment Documents section of the FASB Website , choose one ( 1 ) public comment on the most recent exposure draft issued by EITF . Analyze the chosen public comment , and give your opinion on whether or not you agree with the commenter . Support your position with at least two ( 2 ) examples .
Imagine that your company has tasked you with proposing a new agenda item for the EITF to consider . Create a scenario for one ( 1 )