Part I addresses your responses to the course objectives below:

· Compare and contrast the conceptual framework for financial reporting and government accounting standards

· Evaluate and discuss the appropriate accounting treatment for new (ex. exposure drafts) or unusual transactions.

Please click on the link above to view the grading rubric and submit your research paper.

Instructions:

Your paper should address and include discussions/analysis of the following:

1. Compare and contrast the conceptual framework for financial reporting and government accounting standards. You can use your research from Week 1’s Topic 1. If you use any information directly from your posts you must self cite your work.  See purdueowl.edu for guidance.

2. Select a current FASB exposure draft or proposed accounting standards update on any transaction that you have covered in your reading. Evaluate and discuss the appropriate accounting treatment for this transaction.

Go to  access the FASB/GASB website:  http://aaahq.org/Research/FASB-GARS

Paper Requirements:

You should submit  3 to no more than 4 pages of text excluding the Cover Page, List of References and Introduction.

Note:

· Proper APA format must be used

· You can use as many scholarly sources as you need for Part I.  Note that the final paper requires a minimum of 8 scholarly sources in total.