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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&page
n
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 scenariofor one