Assignment 1: Emerging Issues Task Force
Review the Emerging Issues Task Force( EITF) on the FASB Website, located at http:// www. fasb. org / jsp / FASB / Page / SectionPage & cid = 1218220 137512. 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 & p agen
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.