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ACC 537 Assignment IFRS Convergence with FASB (2
Papers 1050 words each)
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ACC 537 Assignment IFRS Convergence with FASB (2 Papers,
1050 words each)
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ACC 537 Week 1 Assignment Current Issues in
Accounting
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Write a 700- to 1,050-word summary discussing the points listed
below. The summary should be structured in a subject-by-subject
format. An introduction and a conclusion are needed. Your essay
should include the answers to the following:
Explain how accounting assists in the efficient use of scarce
resources
Identify the objective of financial reporting.
Discuss the impact of financial deception such as off balance sheet
financing and collateralized debt obligations.
Describe some of the challenges facing financial reporting.