Description
1.Select one of the websites listed under the Accounting Website Search page and give a summary of information provided on the site and when/how you might use the site both academically and professionally.
AICPA | |
Big 4 Accounting Firms | http://www2.deloitte.com/us/en.html |
NASBA | |
IMA | |
IASB | |
Codification | Access through the FASB Website under standards tab |
FASB | |
COSO |
2.Briefly describe the FASB/IASB convergence process and the principles that guide their convergence. Access IFRS using the link on the Accounting Website Search page and briefly discuss the similarities and differences between the FASB and IASB conceptual frameworks as related to elements and definitions.
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